I looked at 5 min charts last week for your 20 favourite pairs. Just for catching trends (HH/HL or LL/LH) it worked 64%. That's winning days vs losing days per pair. That was just my
rough guess regarding likelihood of profiting on the day based on a quick look at the chart. It would depend on your entry strategy, exit strategy, and stop loss. Also, it might have been an unusual week.
If you enter on breakout, you catch the big fast runs but need a wider stop loss. If you enter on retrace, you can have tighter stop loss, but you miss the big fast runs. Clearly, last week's success was mainly due to AUD, CAD, and GBP. If you had FA to explain them, and then focused on them, you'd have a big percentage win. The bolded ones won on all five days:
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
Column 5 |
Column 6 |
| 1 |
Date |
12 |
13 |
14 |
15 |
16 |
| 2 |
Day |
Mon |
Tue |
Wed |
Thu |
Fri |
| 3 |
AUDCAD |
Y |
Y |
Y |
Y |
Y |
| 4 |
AUDJPY |
N |
Y |
Y |
Y |
Y |
| 5 |
AUDNZD |
Y |
N |
Y |
N |
Y |
| 6 |
CADJPY |
N |
Y |
N |
N |
Y |
| 7 |
CHFJPY |
Y |
Y |
Y |
N |
N |
| 8 |
EURAUD |
Y |
Y |
Y |
N |
Y |
| 9 |
EURCAD |
Y |
Y |
N |
Y |
Y |
| 10 |
EURJPY |
Y |
Y |
N |
N |
N |
| 11 |
EURNZD |
Y |
N |
N |
N |
N |
| 12 |
EURUSD |
Y |
N |
N |
Y |
Y |
| 13 |
GBPAUD |
Y |
Y |
Y |
Y |
Y |
| 14 |
GBPCAD |
Y |
Y |
Y |
Y |
Y |
| 15 |
GBPCHF |
N |
N |
Y |
Y |
N |
| 16 |
GBPJPY |
N |
Y |
Y |
Y |
N |
| 17 |
GBPNZD |
Y |
Y |
N |
Y |
N |
| 18 |
GBPUSD |
Y |
Y |
Y |
Y |
Y |
| 19 |
NZDCAD |
N |
Y |
N |
Y |
Y |
| 20 |
NZDJPY |
Y |
Y |
N |
N |
N |
| 21 |
USDCAD |
N |
Y |
N |
Y |
N |
| 22 |
USDJPY |
N |
Y |
N |
Y |
Y |
