A fairly straightforward Monday with our Doms having to contend with some large movements from Friday. Individual Currency Indexes were neither strong nor weak apart from the GBP (weak), with no real deviations in any pairs. Despite this, there were still some good early trades at our specific times.
The controversy of today was the German Dax. This experienced a large fall on Friday, mainly due to Brexit talks. In my opinion, this distorted our Dom Cat 3, tilting it slightly down. This was registering as a Dom Cat 2 long at the UK open, which on the vast majority of occasions, would flip back to being short. However with the distortion and all other stock indexes trending long, I felt the Dom Cat 2 would extend to a 3 and this is why I gave this classification.
Today we managed a decent maximum potential of 700 points from specific Max Day Trading time/price level entries from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 70 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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