Apart from medium volatility German data at 7am and an EU block speech at 10am, there was nothing to stir the pot as far as momentum was concerned. Lower volumes are also amplifying movements on our screens with little in the way of points. We also have currency indexes pushing major levels where we are seeing profit takes and retraces soon after the UK open. Yet despite all this, our Dom trades behaved very well at our usual times with some very decent points available.
The Dom Long EUR/AUD had some very decent points and there was an assumption that the strong euro would put the lid on the Dom Long Dax but early German data gave this a very decent lift to the US open and good points in both.
Today saw a respectable maximum potential of 655 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 65 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.
