WELCOME TO OUR WEEKLY ROUNDUP AND FRIDAYS DOM PROOFS
Brexit and coronavirus still dominate the headlines with some very controversial decisions made by the UK government regarding further lockdown measures. This, along with a few high volatility data releases is stirring the pot a little but volumes, especially within our currency pairs remains low. Hopefully we’ll see a gradual increase in volumes and volatility by the end of next week.
WEEKLY POINTS TOTAL: Including Friday, there was an overall maximum potential of 3,780 points from from specific Max Day Trading time/price level entries from the UK morning sessions. A 10% target would have yielded a minimum of 378 points for the week.
FRIDAY
Early economic data played havoc with our 7am trades, with announcements covering all our instruments. GBP data was mixed but the all-important GDP was slightly negative. Early German data was as expected and there were also some high volatility rated EU speeches from 10.30am.
All in all, our Doms did well at our usual times with everything ending up net as predicted come the US open apart from our Dom long EUR/AUD on far from favourable ICS Balance. Still some good early trades though.
Friday saw a very decent maximum potential of 890 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 89 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.
For the original postings at 6am of the above instruments, join out free Telegram channel ‘Trade Forex With MaxDayTrading. Full details below.
