The GBP was getting hammered since government coronavirus restrictions were announced last night and this continued well into the UK open. Even a weak currency paired against the GBP, giving a conflicting ICS Balance still saw a relentless drop as all GBP ‘pairs’ were getting sold in big volumes. This was until a Brexit news article stated that the UK PM would extend the trade negotiations beyond the October 15th deadline, sending the pound skyward. This was against our Dom short trends but not before our usual early trades.
This same news lifted German stocks too, sending the Dax up but this still finished net short with decent points come the US open, with the Dom short EUR/AUD behaving well too.
Wednesday saw another decent maximum potential of 665 points from specific Max Day Trading time/price level entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
A TEN PERCENT target of this figure would have yielded 66 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.
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