Mixed/Negative UK data did little to our Dom short GBP pairs, with the initially weak pound strengthening a little come mid-morning. This could have been due to short contract profit taking from an over-sold pound at the bottom of the 4 hour chart. Our Dom long GBP/AUD fared well with this against an even weaker AUD Index. Regardless, very good points were available in the Dom long and short directions at our usual times.
The Dom long EUR/AUD behaved well despite a totally conflicting ICS Balance and suffering low volumes and volatility. Mixed EU data did little to disturb the Dom direction with some good steady points, as we also witnessed big style from the German Dax.
Wednesday saw another very decent maximum potential of 885 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 10% target of this figure would have yielded 85 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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