This is one of the most volatile days I’ve ever seen in the markets in 14 years, along with some of the biggest gaps from the Fridays close to the open at 10pm GMT on Sunday. The Coronavirus has seen some of the biggest collective sell-offs of stocks across all the major indices. This however, has given strength to most currencies as risk is transferred away from the stock markets. The downside though is our individual currency strength balances have not been favourable, disrupting the price momentum by lack of divergence. Regardless there were still some excellent trades in our technical Dom directions, with increased volatility yielding above average points on both our currency pairs and some exceptional points from the German Dax.
We had a very exceptional day with a huge maximum potential of 2,130 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 213 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.
The FTSE 100
