The markets seem to be continuing more of a consolidation mode with low volumes and poor ICS Balances.

There were some immediate dismissals today, namely the Dom short GBP/JPY & GBP/AUD on a strengthening UK pound. All other instruments just meandered throughout the morning but still with some decent points available, especially the German Dax.

Thursday saw another reasonable maximum potential of 440 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.

A TEN PERCENT target of this figure would have yielded 44 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.