Our GBP pairs were both Dom Long and Short today. There was always going to be some manic movement with lots of risk transfer away from most currencies to further bolster stocks. This ‘risk back on’ stocks also affected our initial Short Dom German Dax. High volatility UK Service data was also going to feature and this came in slightly negative.
All in all there were good trades in both technical Dom directions before fundamentals crept in.
We had a respectable day with a maximum potential of 730 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 73 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.