Today we identified and immediately eliminated 2 of our 4 currency pairs due to very poor ICS Balances, these being the Dom Short GBP/AUD and the Dom Short EUR/AUD. However we still had some early trades in both pairs before fundamentals strengthened both the euro and pound. All instruments have been breaching major H4 chart levels since the beginning of the week, making the GBP/JPY, GBP/USD and German Dax well overbought and the GBP/AUD & EUR/AUD well oversold, keeping a lid on overall point gains.
The German Dax gave some superb points, with the Long Doms overriding the negative German data at 8.55am.
Despite our reduced currency choices we still managed a decent maximum potential of 565 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 56 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.
