The markets and especially stocks are now suffering from very high volatility, as the crisis in eastern Europe deepens. Investors and traders are bailing out, causing some eye watering but manic points – if you got it right!
The Dom short German Dax gave some excellent points but trade entries were far from precise.
All our currencies were Dom short and again, the huge sell-offs caused dome very good but manic points at our usual times.
Because of this high volume/volatility situation, I have reduced the percentage of our overall points from 20% to 10%. This shall remain until volumes and volatility reduce to nearer their normal levels.
Thursday saw another high but manic maximum potential of 1,610 from specific Max Day Trading time/level entries within our four instruments from the UK morning session alone.
JUST A TEN PERCENT target would have yielded 161 net points, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.