WELCOME TO OUR WEEKLY ROUNDUP AND FRIDAYS DOM PROOFS
Brexit and coronavirus still dominate the headlines with the North East of England entering new 10pm bar and restaurant curfew times and no mixing with our families or neighbours (but we can still meet them at the pub etc.). There were a few high volatility data releases stirring the pot but volumes, especially within our currency pairs remain stubbornly low with the apparent lack of some of the big market movers.
WEEKLY POINTS TOTAL: Including Friday, there was an overall maximum potential of 2,685 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 268 points for the week.
FRIDAY
Positive UK economic data at 7am helped our 2 Dom long GBP pairs and put a spanner in the other. Even although the GBP/AUD was short, the Doms were still strong enough to initially overpower the data to give us one early trade but to be fair we would have avoided this pair.
There was a strange strengthening of the JPY Index from the UK open which gave us a net short of the GBP/JPY come the US open but still some good long trades at our usual times.
The Dom long EUR/AUD yielded some good points but the strong euro hampered the Dom long German Dax until later in the morning. All in all, volumes are still way down for the time of year.
Friday saw a reasonable maximum potential of 470 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 47 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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