Ordinarily it wouldn’t be easy trading the pound both long and short, however not with Max Day Trading. ALL GBP pairs traded very well in opposite directions and if is wasn’t for a sudden weakening of the GBP index in the last hour of the UK morning session, all indicated trends would have finished net in direction from the 6am time.
The EUR/AUD was Dom short with some very decent points available. The Dom long German Dax however ended slightly net short at the US open but not before some good early points at our usual trading times. Again the Dax is pushing H4 major resistance which is causing more sell-offs than usual. This and a lack of decent economic data (excluding the US) and low volumes are still causing consolidations and limiting overall point gains.
Today we managed another decent maximum potential of 550 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 55 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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