WELCOME TO OUR WEEKLY ROUNDUP AND FRIDAYS DOM PROOFS
Brexit and coronavirus dominate the headlines again with even more government restrictions covering more and more areas of the country. The UK economy is slowly and unnecessarily being obliterated with draconian measures that could take decades to pay off. There were a few high volatility data releases stirring the pot but nothing that caused intraday trend changes.
Again, volumes, especially within our currency pairs remain stubbornly low with the apparent lack of some of the big market movers so the quicker they return the better..
WEEKLY POINTS TOTAL: Including Friday, there was an overall maximum potential of 4,525 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 452 points for the week.
FRIDAY
Without going into specifics, fundamentals, especially coronavirus and Brexit are causing large distortions of otherwise predictable technical moves and patterns. Fortunately our Doms are weathering these storms with uninterrupted trades at our usual times.
Today we saw a very disruptive though decent maximum potential of 645 points from specific Max Day Trading time/price level entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
A 10% target of this figure would have yielded 64 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.
