Brexit trade negotiations had the pound on a roller-coaster ride again, from an extension of weak from yesterday to strengthening on more positive talks as the morning progressed. This caused poor ICS Balances at the start of the UK open which made our early trades a little tricky. However our usual trades from 7am yielded some good points despite the stronger pound taking control later on.
The Dom long EUR/AUD had by far the best ICS Balance and this reflected in a steady climb up to the US open at 12pm GMT, 7am EST with some decent points on low volumes.
The ‘nail biter’ today was the German Dax, which started the morning at the bottom of the chart and would usually see this type of downward movement continue. However our Dom technical conclusions told us otherwise and the price made strong gains throughout the morning with excellent trades available.
Monday saw a decent maximum potential of 510 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 51 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.
For the original postings at 6am of the above instruments, join out free Telegram channel ‘Trade Forex With MaxDayTrading. Full details below.
