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 5th week of the 2020 year, 27th till 31st January 2020.
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“.
End of the month
End of each month means there is less period for most instruments. This month gold will start “reducing” on Tuesday, the rest will start reducing years on Wednesday or Thursday – except Nikkei 225…
Sequences
Let’s get to numbers and sequences for upcoming days:
- DAX: no sequences;
- FTSE100: no sequences;
- WIG20: no sequences;
- WTI: no sequences;
- gold: no sequences;
- dollar indes (DXY): no sequences;
- S&P500: no sequence for 20-years period; short sequence (62,50%) till Thursday for 10-years period;
- NASDAQ: no sequences;
- Dow Jones: no sequences;
- Nikkei 225: no sequences;
- Brent: no sequences;
- Eurostoxx 50: no sequence for 21-years period, short sequence (65,00%) for 10-years period;
- EUR/USD: no sequences;
- NatGas: no sequences;
Signals strenght
Germany DAX no sequences, strong statistic on Tuesday with average range of 50,13 points, cumulated strong statistic on Thursday with average range between 46,94-47,98.
FTSE100 no sequences, no strong statistics.
WIG20 no sequences, strong statistic on Wednesday with average range of 15,99 points.
Eurostoxx 50 sequence for 10-years period with average range of 103,96 points, strong statistic on Thursday with average range of 21,88 points.
Nikkei 225 no sequences, strong statistic on Tuesday with average range of 101,79 points, strong statistic on Thursday with average range of 88,5 points.
Oil Brent no sequences, strong intraday statistic on Tuesday with average range of $0,53, strong statistic on Thursday with average range of $0,97.
Oil WTI no sequences, no strong statistics.
Gold no sequences, no strong statistics.
Dollar index (DXY) no sequences, strong statistic on Thursday with average range of $140.
S&P500 sequence with average range of 42,2 points, no strong statistics.
NASDAQ no sequences, no strong statistics.
Dow Jones Industrial Average no sequences, no strong statistics.
EUR/USD no sequences, no strong statistics.
NatGas no sequences, strong statistic on Monday with average range of $0,083.
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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!