Fundamentals played a big part today, with high volatility UK and European announcements. 2 of our GBP pairs, the GBP/JPY & GBP/AUD were officially Dom short, with the data putting a spanner in the works from the earlier slot of 7am.
There were still some decent early trades against the data at our usual times but we knew it wasn’t wise to trade any later than mid morning. However the Dom long GBP/USD fared much better with some very good points available.
The Dom short EUR/AUD did surprisingly well with good points in the short direction, with the Doms overpowering positive EU data.
Last but not least our Dom short Dax, which looked more like a roller-coaster today with an 8am speech and positive data at 10am. Still some nice trades to be had.
Tuesday saw another reasonable maximum potential of 570 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 57 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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