We were fully aware before we started trading today that due to an ICS Balance conflict, the Dom long GBP/AUD and EUR/AUD would struggle with momentum as strong currencies within pairs battled it out. The only decent pair was the Dom long GBP/JPY which still had a conflict but nowhere near as bad as the former. A weakening JPY Index helped the long trend up to the end of the UK morning session, which then saw the GBP drop like a stone after 12pm.

Early Dom long Dax trades were decent but manic as usual, however negative EU GDP data brought the index down in the latter part of the morning session, with a net short come the start of the NY session.

Monday saw a reasonable maximum potential of 610 from specific Max Day Trading time/level entries within our four instruments from the UK morning session alone.

JUST A TWENTY PERCENT target would have yielded 122 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.