Technically, we had a weak GBP so our only Dom Long GBP/AUD was always going to struggle. However there were still some good early trades up to the latter part of the morning. Our Dom Short GBP/JPY & GBP/USD would have been our preferred pairs for trading the pound, with excellent points in both.
The Dom Long EUR/AUD suffered from a weakening Euro and also our little friend again, an initially weak AUD that gained strength after the UK open. Despite this, there were still some decent early trades.
The German Dax was an awkward one today. After a large weekend gap down, the Dax appeared to be gaining strength as a Dom Cat 2, which is not of tradable strength. Our official Doms on this was still a 5 Short, in correlation with all other major stock indexes. High volatility German news was due out at 8.55am and low and behold, we had a price rise up to the announcement of positive Manufacturing data. As the news was already built in, there was no post news aftermath and the price quickly resumed our short Dom direction. Some very good points in early trading though.
We managed another very respectable maximum potential of 890 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 89 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.
