I'm keeping track of the weekly opens as a side note.
In 5 out of 7 days so far, the bigger moves (20+ pips away from the open, within my session) were in the direction of the weekly candle color. Note that one of the 2 that didn't had a (I believe it was news related) 110 pip move within 3 hours, which is very uncommon for this pair, so it's kind of an exception.
It would've still taken Friday's loss, but I might have been able to grab a few more pips in other trades.
Of course this is a very
small sample and there are some trades that I wouldn't have taken because of the rules I'm using, but I'll write this down to not forget about it:
- Following the weekly candle might be good for catching a few more pips.
- Trading in the opposite direction to the weekly candle color might still be good for scalping a few +3 pips.Question:
(if anyone knows, feel free to share!)
How many days do you use as sample for statistics? Or does it depend on the amount of trades you take or the frequency in which you take them? I'm trying to get an idea of what I should be looking at. A week? A month? 3 months? A year?
Self reminder: check this again later