WELCOME TO OUR WEEKLY ROUNDUP & FRIDAYS DOM PROOF RESULTS.
The economic outlook continues to look very shakey as the wearing of facemasks has been extended and group meetings of up to 30 bave been banned again in the UK due to a spike in coronavirus infections and deaths. Economic figures have reflected these circumstances but at least there’s been an increase in volatility as the news comes out. Our technical Dom predictions were again highly accurate with fundamentals causing minimum disruption, especially to our early trades.
WEEKLY POINTS TOTAL: Including Friday, there was an overall maximum potential of 2,590 points from specific Max Day Trading time/price level entries from the UK morning sessions. A 10% target would have yielded a minimum of 259 points for the week.
Friday saw another straightforward trading day with all currency pairs complying very well with their technical Dom trend directions. ICS Balances were only good in the GBP/USD and this showed by pushing major resistance and instrument range. Despite unfavourable balances in our other pairs, the Doms still ruled and there were same good points in all.
The only hiccup we saw was our Dom Short Dax on 7am positive German data. There was still a very good 6am trade but the news became a short term trend changer from short to long.
Today we managed a decent maximum potential of 610 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 61 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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