Despite some initially poor ICS Balances, all our Dom long GBP pairs did exceptionally well today with very good and easy points available. The same can’t be said for the EUR/AUD. Again there was a conflicting ICS Balance but the Domino Channel itself was very deep, indicating very manic movements. Early trades were fair but this pair wouldn’t have been one of our top choices.
We had a bit of a dilemma with the German Dax which started the day with a virtually flat Dom 3. Should we trade long or short? Let’s look at the evidence; Dom 1 & 2 relentless long (not usually tradable), euro generally weak (good for stocks), Dow & CHN50 both trading long. Long it was with some excellent points to be had.
Monday saw a very healthy maximum potential of 1,005 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 100 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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