The UK pound was looking to recover from the big falls yesterday, along with the price being at the bottom of the H4 chart and technically oversold. However negative UK economic data put an abrupt end to that and the pound plummeted again. Regardless of fundamental sentiment, beware that profit taking could counter trend the price from this level.

The AUD Index took an unusual dive after the UK open, which benefited the Dom long EUR/AUD but was a spanner in the works for our Dom short GBP/AUD.

The Dom short Dax initially struggled on positive German economic data but the Doms took over in the latter half of the session with a net short come the US open.

Wednesday saw another reasonable maximum potential of 575 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.

JUST A TEN PERCENT target of this figure would have yielded 57 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.