WELCOME TO OUR WEEKLY ROUNDUP AND FRIDAYS DOM PROOFS
Brexit and coronavirus continue to be a thorn in our sides, with price swings from ever changing headlines. This again gave us a ‘swings and roundabouts’ scenario with the fundamental movements being either for or against our technical Doms. Again there were a few high volatility data releases stirring the pot but nothing that caused intraday trend changes.
Volumes, especially within our currency pairs remain very low for this time of year. We are seeing a slight increase in volumes and volatility but nowhere near the levels they should be.
WEEKLY POINTS TOTAL: Including Friday, there was an overall maximum potential of 2,310 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 231 points for the week.
FRIDAY
Regardless of the general strength of the GBP, our Dom long and short pairs continued their respective directions way into the US session. NO other strategy would have predicted this.
This was the same with the Dom short EUR/AUD on an ICS Balance conflict, with the short momentum really taking hold into the US session.
The Dom long German Dax had little momentum but still yielding some decent points at our usual times. Volumes in all instruments remain very low for this time of year.
Friday saw another reasonable maximum potential of 410 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 41 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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