Gill Blake is a very successful trader that was interviewed for the book new market wizards. Blake first started out studying charts on bonds. He found that back in the 1980's that if a bond had an up tick day or down. that there was 83 percent chance the next day would follow that same direction. Also in brijon's thread he talks about the run up in price on Wednesday's triple roll. He also talks about a few other things but the one idea was that on Wednesday prices tends to move from lower interest paying currencies to higher. So i got the idea that was are the odds with price movement in forex?
For example lets say that if you were to buy AUDJPY on Wednesday at 19:00 GMT and sell at 22:01GMT
over six months this is what you would have come up with
Jan
30 -54 pips
23 +173
16 +60
9 +75
total pips for Jan +254
DEC
26 +16
19 +28
12 -29
5 +5
total pips for DEC +20
Nov
28 -5
21 -22
14 -50
7 -60
total pips for Nov -137
Oct
31 -35
24 +35
17 +82
10 0
3 0
total pips for Oct +82
Sep
26 +18
19 -5
12 -9
5 -12
total pips for Sept -8
Aug
29 +123
22 +47
15 -130
8 -24
1 +114
total pips for Aug +130
so total pip over six months time if the buy any 19:00 GMT and sell at 22:01 would have been +341 pips also you have plus 26 days triple roll adding up to 293.80 for a standard account with ibfx.
There is still more things to look at also I'm sure there are way to increase profit, through cutting losses on losing days. but this is just an idea, that i would like to toss out the.
For example lets say that if you were to buy AUDJPY on Wednesday at 19:00 GMT and sell at 22:01GMT
over six months this is what you would have come up with
Jan
30 -54 pips
23 +173
16 +60
9 +75
total pips for Jan +254
DEC
26 +16
19 +28
12 -29
5 +5
total pips for DEC +20
Nov
28 -5
21 -22
14 -50
7 -60
total pips for Nov -137
Oct
31 -35
24 +35
17 +82
10 0
3 0
total pips for Oct +82
Sep
26 +18
19 -5
12 -9
5 -12
total pips for Sept -8
Aug
29 +123
22 +47
15 -130
8 -24
1 +114
total pips for Aug +130
so total pip over six months time if the buy any 19:00 GMT and sell at 22:01 would have been +341 pips also you have plus 26 days triple roll adding up to 293.80 for a standard account with ibfx.
There is still more things to look at also I'm sure there are way to increase profit, through cutting losses on losing days. but this is just an idea, that i would like to toss out the.