WELCOME TO OUR FRIDAY ROUNDUP AND WEEKLY TOTALS.
US presidential elections continue to drag on with continued controversy over voting fraud and counting irregularities. Bidens chance of continuing as president of the United States are diminishing, as Trump discloses even more and more evidence.
WEEKLY POINTS TOTAL: Including Friday, there was an overall maximum potential of 2,990 available points from from specific Max Day Trading time/price level entries from the UK morning sessions. A TEN PERCENT of this target would have yielded a minimum of 299 points for the week.
FRIDAY.
Individual currencies (separate indexes) are themselves trending with little momentum and in turn this is affecting overall momentum with far from ideal ICS Balances within our pairs. We saw our GBP pairs trending in opposite technical Dom directions but our usual trades remained mostly unaffected, albeit with low volumes and restricted point gains. Nearing the end of the UK morning session, the GB Pound literally fell off a cliff after very mixed economic data at 7am. I can only attribute this to negative Covid fundamentals and the the fact that the GBP Index was at the top of the H4 hour chart and we saw some aggressive profit taking.
The Dom short EUR/AUD had a poor ICS Balance with the EUR & AUD being fairly evenly matched. Early Dom trades ensured our points, as did the Dom short German Dax with very nice points available.
Friday saw a decent maximum potential of 530 points from specific Max Day Trading time/trend entries within our five instruments from the UK morning session alone, with a minimum target of just 30.
A TEN PERCENT target of this figure would have yielded 53 net points from specific Max Day Trading time/trend entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.