Today was far from ideal in comparison to what we are used to. Trends were very manic and unpredictable no matter what approach you were using. However the beauty of the Max Day Trading Domino Effect and related technical analysis, is we knew BEFORE the markets opened that things weren’t going to be easy. So maybe take a day off, or just cherry pick the more obvious?? Despite all this, there were still some good early trades in our chosen Dom directions, as always.
The really annoying thing is that volumes and volatility have dropped back down to almost standard levels but our brokers are still shafting us with increased spreads. Almost 280% on one of my favourites, the German Dax (1 to 2.8 points).
We had some decent trades in both our technically long and short Dom directions with a maximum potential of 425 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 42 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.
