Our ICS Balances were again very mixed strengths today. The main concern was the grossly oversold GBP at the bottom of the H4 chart major support. The ‘weak plus’ index continued to gain strength throughout the UK morning session and as expected, put a bit of a spanner in our GBP/JPY and GBP/USD . However the GBP/AUD was not only net short come the US open, this continued to the end of the US session as I write. This was due to the AUD again gaining strength from the UK open. ALL GBP pairs had decent early trades but more so the AUD pairing.
The Dom Long EUR/AUD also suffered from the strengthening AUD but not before some decent early trades.
The German Dax was Dom Long with some excellent points available and this continued strongly by following Dow30 ’till the end of the US session.
Despite this, we still managed a decent maximum potential of 470 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 47 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.
