As I said on my first post, I do my own way to Larry Williams „Trading Day of the Month” concept. And this is a weekly sequence coming from statistics reports I developed. We will see information for 51st week of the 2019 year, 16th till 21st December 2019.
Ground rules for statistics
Sequence says if we have in next trading week one-way move on each market. I accept max one “correction” day with opposite direction. Statistic numbers claim an average strenght of sequence. I will push myself to publish each day statistics also on this blog for all of You.
Let me explain main ideas with reports:
- I study statistics for two periods: maximum I had access to (on each market it’s different lenght) and on last 10-years period.
- To count “strong intraday signal” I assume it has to be more than 70% for long period and minimum 80% for 10-year period.
- Having minimum strenght on both long- and short-term period will become my “Trading Day of the Month“.
Days off
Monday (13th January) is day off in Japan
Sequences
Let’s get to numbers and sequences for upcoming days:
- DAX: long sequence (58,40%) for 25-years period, no sequence for 10-years period;
- FTSE100: no sequences;
- WIG20: no sequences;
- WTI: no sequences;
- gold: long sequence (60,75%) for 45-years period, no sequence for 10-years period;
- dollar indes (DXY): no sequences;
- S&P500: no sequences;
- NASDAQ: long sequence (60,00%) for 20-years period from Tuesday, long sequence (74,00%) for 10-years period;
- Dow Jones: no sequences;
- Nikkei 225: no sequences;
- Brent: no sequences;
- Eurostoxx 50: long sequence (60,75%) for 21-years period, no sequence for 10-years period;
- EUR/USD: no sequences;
- NatGas: long sequence (52,60%) for 29-years period, no sequence for 10-years period;
Signals strenght
Germany DAX sequence with average range of 222,53 points, strong statistic on Friday with average range of 40,43 points.
FTSE100 no sequences, strong signal on Thursday with average range of 48,94 points.
WIG20 no sequences, strong cumulated statistic on Tuesday with average range between 17,20-22,29 points.
Eurostoxx 50 sequence with average range of 100,52 points, strong statistic on Tuesday with average range of 15,38 points.
Nikkei 225 no sequences, no strong statistics.
Oil Brent no sequences, strong intraday statistic on Monday with average range of $0,78.
Oil WTI no sequences, no strong statistics.
Gold sequence with average range $16,41, strong intraday statistic on Monday with average range of $5,47, strong cumulated intraday statistic on Thursday with average range between $4,05-$5,83..
Dollar index (DXY) no sequences, no strong statistics.
S&P500 no sequences, strong signal on Thursday with average range 9,94 points.
NASDAQ sequence for 20-years period with average range of 125,90 points, sequence for 10-years period with average range of 113,93 points, strong cumulated signal on Tuesday with average range between 26,88-23,66 points, strong intraday statistic pn Thursday with average range of 25,08 points.
Dow Jones Industrial Average no sequences, no strong statistics.
EUR/USD no sequences, strong statistic on Tuesday with average range of €0,00667, strong intraday statistic on Thursday with average range of €0,00487.
NatGas sequence with average range of $0,395, strong statistic on Monday with average range of $0,115.
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To deliver better service I will publish intraday statistics day before, between 6:30 and 7:00 pm GMT (1:30 and 2:00 pm EDT), so please, do enjoy them!