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 45th week of the year, 4th till 8th November 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“.
New data
From 1st November I add EUR/USD statistics to daily publications, so it will join sequences as well!
Sequences
Let’s get to numbers and sequences for upcoming days:
- DAX: no sequences for 24-years period or for 10-years period;
- FTSE100: no sequences for 19-years or 10-years period;
- WIG20: there is no sequences for 22-years or for 10-years period;
- WTI: there is no sequences for 36-years or 10-years period;
- gold: there is long sequence (54,5%) with Tuesday correction for 44-years period and long sequence (62,0%) for whole week for 10-years period;
- dollar indes (DXY): there is no sequence for 12-years period;
- S&P500: there is long sequence (61,2%) for 19-years and long sequence (68,0%) for 10-years period;
- NASDAQ: there is long sequence (59,2%) for 19-years period and no sequence for 10-years period;
- Dow Jones: there is long sequence (60,2%) for 19-years and long sequence (66,0%) for 10-years period;
- Nikkei 225: there is short sequence (55,75%) for 33-years period, no sequence for 10-years period;
- Brent: short sequence (62,0%) for 30-years period, no sequence for 10-years period;
- Eurostoxx 50: no sequence for 21-years period, no sequence for 10-years period;
- EUR/USD: no sequences for either 17-years period or 10-years period.
Signals strenght
Germany DAX has no sequences, no strong intraday statistics.
FTSE100 has no sequences, strong cumulated statistic on Tuesday with average range between 64,73-73,41 points and strong statyistic on Wednesday with average range of 57,32 points.
WIG20 has no sequences, strong signal on Monday with average range 17,27 points.
Eurostoxx 50 has long sequence with average range of 156,66 points, no strong intraday statistics.
Nikkei 225 sequence with average range of 570,13 points, no strong signals.
Oil Brent has sequence with average range $2,44, no strong intraday statistics.
Oil WTI has no sequences, strong intraday statistic on Thursday with average range $0,54.
Gold has sequence for 44-years period with average range of $21,25, sequence for 10-years period with average range of $50,96(!), no strong intraday statistics.
Dollar index (DXY) has no sequence, strong intraday statistic on Thursday with average range of $320.
S&P500 has long sequences with average range 50,24 points for 19-years period and 51,93 points fir 10years period, strong cumulated signal on Wednesday with average range between 10,74 and 11,08 points.
NASDAQ has sequence with average range 90,76 points, strong cumulated signal on Wednesday with average range between 16,73 and 16,78 points.
Dow Jones Industrial Average has sequences with average range of 491,65 points for 19-years period and 529,14 points for 10-years period, strong signal on Wednesday with average range of 119,69 points.
EUR/USD has no sequences, strong statistic for 17-years period on Monday has average range of €0,00789 and one strong signal for 10-years period on Thursday with average range of €0,00742.
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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!