Today was a marked improvement on yesterday but still the markets seem to be consolidating and volumes remain on the low side. ICS Balance showed us the best currency pairs to trade, though points were restricted with some instruments up against major resistance.

Our usually plentiful Dax (Dom long) took a bit hit at the open with not only negative German consumer confidence, but a huge deviation from the forecast which saw the index plummet 230 points before the end of the UK morning/ US open session. There were still a couple of trades available but these were highly risky and wouldn’t have been recommended.

Wednesday saw a marginally better 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.