They say that Monday is not the best day to operate due to its volatility.If so, we would only operate after Monday.But what to base us to open operations after Monday?My idea is that all operations after Monday (that is, Tuesday
They say that Monday is not the best day to operate due to its volatility.If so, we would only operate after Monday.But what to base us to open operations after Monday?My idea is that all operations after Monday (that is, Tuesday
Some systems are based on volatility.You are playing something very important in trading ... the ** time **.You are looking at Monday's volatility.Now swap by sessions ... Asian, London and American.Then divide it even more: Asian opening, Asian lunch, London opening, London lunch, American opening, London closure, US closing.Look for volatility patterns at this time of the day ... for every day of the week.If you want to look at the days ... What day of the week is you most likely to have the maximum/minimum of the week?If you take an operation on that day, what day is better to close it?Track: it's called "Turnound Tuesday" (Reversion Tuesday
I have never tried this strategy in my trading.Yes, I am interested in the high swing and swing positions of the market, but I do not take into account the specific day.Basically, I use the high market swing points according to the market context, without setting myself so much in the days of the week.
Interesting!I had never considered breaking the sessions that way.Do you think I would really see a difference if I make that breakdown?Or is it just a personal preference issue?
You would definitely see a difference.Each session has its own dynamics and volatility.The Asian market is usually calmer, while London and New York are more volatile.If you observe patterns in those specific sessions, you could identify good entry or exit points that you would not notice if you only look at the full day.Give it a chance, you will be surprised.
It is not just a personal preference, it is a matter of adjusting your system to the reality of the market.If you try to operate with a rupture system without taking into account the different sessions, you are missing a lot of information.Volatility is very different in each.It is not the same to operate during the opening of London as at the Asian lunch hour.If you want to maximize your possibilities, you must adjust your strategies at the time of the day!
That makes a lot of sense.Perhaps you should start analyzing how the market behaves in the different sessions to adjust my rupture system.Thanks for the suggestions.
Good idea.These sessions adjustments can be what you lack to make your most effective breakup system.Many traders only look at the days, but the sessions within each day have brutal importance.You can even notice that Mondays are more useful than you thought if you analyzed them based on the sessions.
Exactly.The ruptures do not depend only on the day of the week, but when they occur in the sessions.Sometimes, what seems like a false break is just a setback before the market moves again.Pay attention to the hours of the day these ruptures occur.
I will put into practice analyze the sessions.I find it interesting how patterns can be generated at specific times of the day.Sometimes we underestimate those details.