WELCOME TO OUR WEEKLY ROUNDUP & FRIDAYS DOM PROOF RESULTS.
Coronavirus still dominates our economies with worreis of a second wave. So far this hasn’t properly materialised but the expectation is already building prices in. Brexit is also becoming more prominent as we head closer to December deadline for a trade deal, with both parties refusing to budge.
There was little surprise with economic data releases but we are continuing to see conflicts in stock indices, with the US Dow trending long and most others trending short.
WEEKLY POINTS TOTAL: Including Friday, there was an overall maximum potential of 3,355 points from specific Max Day Trading time/price level entries from the UK morning sessions. A 10% target would have yielded a minimum of 335 points for the week.
Friday again saw lack of volumes due to the holidays which are generally causing markets to range more than trend, however we still saw some good trades in all our technical Dom directions. Even positive German data did little to overpower our Cat 3 short Dax.
Today we saw a respectable maximum potential of 675 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 67 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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