An immediate spanner was put in the works of our Dom short GBP pairs, with positive UK data announced at 7am. Poor ICS Balances, notably a weak UK pound made even trading the Dom long GBP/AUD difficult.

There was also a poor ICS Balance and no momentum in the EUR/AUD as each currency was weak.

The strange one of the day was the Dom short German Dax, which gradually rose from the UK open and right through to the US open. The only technical explanation is that the price was at the bottom of the H4 chart and very close to major support, as there were no fundamentals that could have caused this.

Tuesday saw a greatly reduced maximum potential of 310 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 31 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.