The Most Consistently active days of the week to trade | Forex Factory

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The Most Consistently active days of the week to trade

  • #1
  • First Post: Jul 17, 2015 2:44am Jul 17, 2015 2:44am
Can anyone provide or has any statistical evidence of what days of the week are the ones with the most movement in terms of pips and activity?

Don't be a smartass and say it depends on this and that. I'm talking purely scientific statistical evidence. Any knowledge like this is an edge. Thankyou.
  • #2
  • Jul 17, 2015 2:51am Jul 17, 2015 2:51am
and preferably a study conducted over a very long time period
  • #3
  • Jul 17, 2015 3:42am Jul 17, 2015 3:42am
Quoting justin7
Can anyone provide or has any statistical evidence of what days of the week are the ones with the most movement in terms of pips and activity? Don't be a smartass and say it depends on this and that. I'm talking purely scientific statistical evidence. Any knowledge like this is an edge. Thankyou.
//----

hey justin.... the best statistical evidence might be found by using metatrader to breakdown every pair's movement by hour, session, day, week and month.... when looking at as much data as possible, you should be able to see average movement per timeframe..... or as in the case of sessions multiple timeframes, hours.........

there are some sites , such as babypips, that have it started....

as you know, the best or worst depends on your trading method.... what's best for a eurchf scalper would be the death of me....

the best months tend to be the last 4, the worst are the summer and ok months are usually the first 4.... the last few days leading up to end of month, end of quarter and/or end of fiscal year, are notorious for being above average periods....h
to trade and code, keep both simple... no call to impress....h
  • #4
  • Jul 17, 2015 1:43pm Jul 17, 2015 1:43pm
Quoting hayseed
{quote} //---- hey justin.... the best statistical evidence might be found by using metatrader to breakdown every pair's movement by hour, session, day, week and month.... when looking at as much data as possible, you should be able to see average movement per timeframe..... or as in the case of sessions multiple timeframes, hours......... there are some sites , such as babypips, that have it started.... as you know, the best or worst...
thanks hayseed but that's more theorizing I was looking for a little bit more statistics than what babypips has preferably over a long period of time. And I'm only looking at days of the week although I'm somewhat in agreement that the middle 3 are going to % wise over a long course of time going to be the most active, I would still like some statistics.
  • #5
  • Last Post: Jul 17, 2015 8:12pm Jul 17, 2015 8:12pm
Quoting justin7
Can anyone provide or has any statistical evidence of what days of the week are the ones with the most movement in terms of pips and activity? Don't be a smartass and say it depends on this and that. I'm talking purely scientific statistical evidence. Any knowledge like this is an edge. Thankyou.
It depends on this and that and a few other things...
Just kidding lol! Here you go hopefully this information may be of use to you POST #11 AND POST #16 of my thread link below:

http://www.forexfactory.com/showthre...66#post8338666

Thanks/ Credit goes to MidKnight for sharing a bit of his research! He was the only individual that contributed to that thread with his findings. What I learned after opening that thread... most traders are selfish failures.
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