ICS Balances were responsible for some manic movements and also some good relentless trends within all our currency pairs today and again, all yielded some very good points in our Dom trend directions.
The big surprise today was the Dax. Without prejudice, I suspected (the usual) data leak direct from the UK open, 2 hours before the announcement with the price plummeting against the Dom Cat 3 Long. Strangely, German unemployment figures were positive at 8.55am but their all important GDP at 9am came in not only negative but a record low. This saw the down trend continue to the US open and beyond at what became an intraday trend changer. Because of this, there was only one trade available and that was our 6am Jath.
Lucky enough today, our currency pairs made up for the lack of points within the Dax and we still managed a half decent maximum potential of 465 points (identical to yesterday) 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 46 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.
