Not only did we have some poor ICS Balances, price movements within each separate index was manic and spiky, giving us no momentum within our Dom technical conclusions. Again we had risk transfer from stocks to currencies and vice versa as news of the eastern European conflict came through. Despite this, there were still some feasible and decent points available within our 3 currency pairs.
For the record, the Dom long Dax dropped on increasing conflict and this was reflected by an increase in crude oil.
PERSONAL NOTE.
Generally, the markets are extremely volatile and unpredictable at the moment due to the conflict between the Ukraine and Russia, no matter what strategy is being applied. Despite this, The Domino Effect and related methods are still obtaining decent points during this very difficult time. I have no doubt that when this conflict has been agreed upon by both parties, the markets will again see some stability and more important, predictability with good trend momentum. Hopefully this will be in the near future and we all should look forward to some easier and less stressful trading.
Thursday saw another reasonable maximum potential of 355 from specific Max Day Trading time/level entries within our four instruments from the UK morning session alone.
JUST A TWENTY PERCENT target would have yielded 67 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.