WELCOME TO OUR WEEKLY ROUNDUP, FRIDAYS DOM PROOFS & NOVEMBER TOTALS
WEEKLY POINTS TOTAL: Including Friday, there was an overall reasonable maximum potential of 2,335 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 233 points for the week.
NOVEMBER MONTHLY TOTAL: 13,985 Points. A 10% target would yielded 1,398 points for the month.
FRIDAY
For a change. Brexit fundamentals actually benefited our GBP pairs today as the rumblings of a no trade deal rumble on. The news took a short while to filter through but once it did, our ICS Balances gained more divergence and the pound dropped with strong momentum. Even so, point gains were limited on very low volumes.
ICS Balance was always going to be a problem in the EUR/AUD with 2 strong-ish currencies fighting it out. Decent early trades were still to be had. Positive German data at 7am lasted longer than expected, disrupting our Dom short Dax. There was also a German speech mid morning with the possibility of hawkish tones.
Friday saw an improved maximum potential of 435 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 43 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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