Part 1: Previous Session Review

Yesterday’s session, dated 2026-10-04, was deliberately quiet from our side. We executed 0 trades and kept capital preservation mode active, which was the correct stance given the lack of clean asymmetry and limited reason to force exposure.

The key takeaway is simple: no trade is still a position. When the market does not offer a clear edge, protecting liquidity and avoiding low-quality entries matters more than activity. This keeps us flexible for the next meaningful volatility window.

Part 2: Today’s Outlook & Watchlist

There are no high-impact red news events scheduled today, so the session is likely to be driven more by technical structure, liquidity conditions, and any unexpected headlines rather than a planned macro catalyst.

Our main watchlist is EUR/USD and the DAX. For EUR/USD, we want to see whether price can hold recent intraday support or whether a slow drift develops in thin conditions. For the DAX, the focus is on whether buyers can maintain control above short-term value areas, or if profit-taking appears without a data trigger.

Without major scheduled news, we will avoid chasing moves. The plan is to wait for clean levels, controlled risk, and confirmation before committing capital. If the tape stays mixed, remaining selective is the trade.