WELCOME TO OUR WEEKLY ROUNDUP AND FRIDAYS DOM PROOFS
There’s been plenty contoversy surrounding coronavirus and travel news, along with the lack of progress with Brexit negotiations which is keeping the GBP on the weak side. Other than that, we’ve a fairly quiet week on low currency volumes with no big surprises to report. Hopefully we’ll see a gradual increase in volumes and volatility over the next week to ten days.
WEEKLY POINTS TOTAL: Including Friday, there was an overall maximum potential of 2,720 points from a 4 day week from specific Max Day Trading time/price level entries from the UK morning sessions. A 10% target would have yielded a minimum of 272 points for the week.
FRIDAY
Lack of commercial market movers is keeping volumes and volatility low, which has a tendency to amplify movements on our charts without yielding many points. ICS Balances weren’t great either with no real strong momentum in any direction. Our GBP pairs were both Dom long and short and we also had high volatility data to contend with. As usual, our early trades gave some decent points in both directions.
The EUR/AUD was Dom long and also suffered from mixed data but still some good trades were to be had.
Finally our wonderfully manic Dom short Dax had both negative and positive data, giving us a bit of a rollrecoaster ride and good points as usual.
Friday saw another decent maximum potential of 585 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 58 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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