WELCOME TO OUR WEEKLY ROUNDUP AND FRIDAYS DOM PROOFS
US presidential elections again took centre stage this week, with continued controversy over voting fraud and count totals. The uncertanty over who will eventually become president is still very predominant. Of course, Brexit and Coronavirus had their moments, causing temporary swings upon news announcements. The latest was the actual departure of Dominic Cummings which gave the pound a boost.
WEEKLY POINTS TOTAL: Including Friday, there was an overall healthy maximum potential of 4,520 points from from specific Max Day Trading time/price level entries from the UK morning sessions. A TEN PERCENT target would have yielded a minimum of 452 points for the week.
FRIDAY
Another day where fundamentals caused major disruptions in literally all our technical Dom instruments. Most of our GBP pairs were Dom short, along with the German Dax. However an early news article stating the possibility of Dominic Cummings resigning as the PM’s chief advisor got our europhile market movers all excited at the prospects of a softer Brexit trade deal. This lifted the pound and also German stocks, mainly against our technical Dom conclusions, greatly limiting our point gains.
Our Dom long GBP/AUD fared a little better on a poor ICS Balance and EUR/AUD gave some decent points in early trading.
Friday saw a considerably reduced maximum potential of 375 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 37 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.
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