The GBP Index was at the bottom of the H4 chart at the end of last week, so any rebound we saw yesterday may have just been temporary and this has reflected in its steady demise. Mixed but mainly positive UK economic data at 7am today did nothing to stop the decline. However there were still some good trades in our all our Dom long GBP pairs at our usual times.

The Dom long EUR/AUD took a while to move on a poor ICS Balance but did eventually with some very decent points. The ‘strong ish’ EUR Index helped the Dom short Dax, of which positive German data had literally no effect with some excellent short trades.

Tuesday saw another decent maximum potential of 700 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 70 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.