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We knew before the UK open got underway that a strengthening pound was going to play havoc with Dom short GBP pairs. The strengthening continued with more Brexit fundamentals but at least we saw a strong USD keeping the lid on any upward movement of the GBP/USD. Still decent trades at our usual times.

The Dom long EUR/AUD gave some good points, as did the German Dax.

Thursday saw another reasonable maximum potential of 570 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 57 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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Markets Update 18.11.20

Markets Update 18.11.20

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There were several things we had to contend with today. Firstly was positive UK data at 7am, secondly was an unusual and steady strengthening of the AUD from the UK open and thirdly, volumes have considerably dropped again causing large visual movements on our charts when in fact little overall points were available. I think the markets are in a consolidation ‘waiting mode’ to see the eventual outcome of the US elections and Brexit trade negotiations with the EU.

All in all there were still some decent early points in our currency pairs, with the star and saviour of the day being the German Dax.

Wednesday saw a reasonable maximum potential of 480 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 48 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.

 

 

For the original postings at 6am of the above instruments, join out free Telegram channel ‘Trade Forex With MaxDayTrading. Full details below.

 

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Markets Update 17.11.20

Markets Update 17.11.20

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Just when we thought we had a nice morning ahead of us with little economic data, Brexit fundamentals broke up the party with news of a trade deal being agreed with the EU being now closer than ever (now Cummings has gone). This strengthened the pound and put a spanner in our Dom short GBP pairs, though early trades still did well at our usual times before the rot set in.

This also strengthened the euro and in conflict with our technically Dom short EUR/AUD but again not before some good early trades at our usual times. There was also a conflict with the German Dax, being the only stock index trending short but again, very decent points were to be had.

Tuesday saw a decent maximum potential of 565 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 56 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.

 

 

For the original postings at 6am of the above instruments, join out free Telegram channel ‘Trade Forex With MaxDayTrading. Full details below.

 

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Markets Update 16.11.20

Markets Update 16.11.20

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Apart from the USD, all individual currency indexes started the day strong, giving conflicts and lack of momentum in the majority of our pairs. There was no real specific economic to get in the way of our technical Dom conclusions but just before the UK morning close, an article appeared on another coronavirus vaccine from the US. This spiked the pound, giving us some final extra points in our Dom long GBP pairs.

The Dom short EUR/AUD and the Dom long German Dax gave good points at our usual times.

Monday saw a greatly improved maximum potential of 755 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 75 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.

 

 

For the original postings at 6am of the above instruments, join out free Telegram channel ‘Trade Forex With MaxDayTrading. Full details below.

 

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Markets Update 12.11.20

Markets Update 12.11.20

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Unlike yesterday, economic data played a big part in our trading today with UK and German data out from the 7am UK open. This made our trades more of a post news aftermath than just after the hour, two very different trading approaches. The good news though, UK data was mainly negative, helping our Dom short GBP pairs and a weak individual pound.

The euro started the day strong and coupled with a weak AUD, the momentum in the Dom long direction was relentless. The strong euro put the dampeners on the Dom long German Dax, along with the fact this was trending against the US Dow. All in all, there were some excellent trades in all our instruments.

Thursday saw another healthy maximum potential of 775 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 77 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.

 

 

For the original postings at 6am of the above instruments, join out free Telegram channel ‘Trade Forex With MaxDayTrading. Full details below.

 

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Markets Update 11.11.20

Markets Update 11.11.20

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Lack of economic data gave our technical Doms a bit of a reprieve today, with some excellent trades in all our instruments. The continued euphoria from the Corona vaccine announcement ensured healthy worldwide stocks, and the German Dax was without exception.

Wednesday saw another healthy maximum potential of 900 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 90 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.

 

 

For the original postings at 6am of the above instruments, join out free Telegram channel ‘Trade Forex With MaxDayTrading. Full details below.

 

For those who have not joined either our Free Telegram Channel or VIP Channel why not come and see how we do what we do? Go to our homepage to find out full details.

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