The markets continue to consolidate with little economic data to stir the pot. ICS Balances were also far from ideal so didn’t help either. The best pair was the GBP/AUD but at 7am, the daily average instrument range stood at 117%.
Once the price dropped to within range, we saw a nice channel with some nice points available.
All our earlier trades did very well regardless and we we managed another decent maximum potential of 630 points from specific Max Day Trading time/price level entries on reduced currency volatility from the UK morning session, with a minimum target of just 30.
A 10% target of this figure would have yielded 63 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.
