WELCOME TO OUR WEEKLY ROUNDUP AND FRIDAYS DOM PROOFS
Brexit and coronavirus continue to disrupt our technical Doms, making trades more difficult than usual. The quicker these two thorns in our sides are completely settled, the quicker we can return to normal and easy technical Dom trading.
Volumes again remain low for this time of year.
WEEKLY POINTS TOTAL: Including Friday, there was an overall healthy maximum potential of 3,420 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 342 points for the week.
FRIDAY
Another very frustrating end to the week with fundamentals getting in the way of our technical Doms. Brexit talks boosted the pound which lifted our Dom short GBP pairs (all of them). This also lifted German stocks against our Dom short Dax. The GBP pairs then fell off a cliff just before the end of the morning session on what appeared to be aggressive profit taking. Regardless we still had some good points at our usual times in all our instruments.
Friday saw a very decent maximum potential of 840 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 TEN PERCENT target of this figure would have yielded 84 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.
For the original postings at 6am of the above instruments, join out free Telegram channel ‘Trade Forex With MaxDayTrading. Full details below.
