Yet again, early negative UK data put an immediate spanner in the works of all our GBP pairs which were Dom Long at the UK open. This is very frustrating as all main UK data (apart from housing) is usually announced at 9.30am. The overall influence of the news didn’t last too long apart from the GBP/AUD on a strengthening AUD Index and all GBP pairs had decent overall trades.
The strengthening AUD also disrupted the EUR/AUD but the ICS Balance was terrible today and this would have been way down our pecking order. Still some decent early trades though.
The German Dax had some good early Dom Short trades before recovering into the US session.
Today we managed a decent maximum potential on lower volumes of 510 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 51 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.
