The unusual weakening of the AUD from the UK open put a huge spanner in the works of our related pairs and we had no Dom trades in the GBP/AUD & EUR/AUD. My only explanation for this is the strength of the AUD has had those pairs pushing major supports for several days and both were at the very bottom of the 4 hour chart. The strong rebounds we saw weren’t so much strength in the GBP & EUR but weakness in the AUD.
On a more positive note, the GBP/JPY & GBP/USD did very well and the Dax did ok until negative German data put a halt to our long Doms but not before some nice high scoring trades.
Despite the lack of instruments today we still managed a maximum potential of 375 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 37 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.
