After the famous classic SiFi and subsequent remake of The Day The Earth Stood Still, 2020 will go down as The Year The Earth Stood Still. (It wouldn’t surprise me if Hollywood is already on it!)
In contrast, things are still looking quite stable within Max Day Trading with reliable and consistent Dom trend predictions and subsequent point gains. The only annoying thing is that apart from the GBP/AUD, volatility within most currency pairs has fallen back to almost normal levels but our brokers have not yet reduced their spreads to reflect this. Thieves!
All currency predictions and Dom directions were correct with good, though decreasing points available.
The only one bucking the trend was the German Dax. This started the London open as a weak Dom Cat 2 Long. On the vast majority of occasions, these Dom 2’s will ‘flip’ sometime after 7am BST. This time however the Dom 2 continued and became a Dom 3 Long in the US session, though with big swings as it followed the US Dow 30. Yet again, early Dom trades in the short direction did very well with some excellent points available.
Because of the lower volatility today, we had a lower but still decent maximum potential of 960 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
To reiterate, I have reflected the increased spreads that we are being charged and all figures quoted are net.
A 10% target of this figure would have yielded a minimum of 96 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.
