There is something supernatural about two days of the week that can make you a good amount of cash day trading if you know about it.
The model is so grueling to compute that most traders need never heard about Mondays and Thursdays. In actuality, the only way I was able to spot this pattern was by going over 10 years worth of old numbers.
To measure a pattern like this, you have to analyze the standard deviation from the average to observe if any pattern or anomaly whatsoever emerges. You then need to do this in both bull and bear markets.
The end result of analyzing 10 years worth of numbers reveals a small pattern on Mondays and Thursdays that you can bring into play to make a huge amount of cash day trading.
Superb Monday Strategy For Making Enormous Profit
If you had to single out just one day to buy, Monday should be that day if you are in a bull market.
Not every Mondays present brilliant buying opportunities, so you should be vigilant when looking to buy on a Monday. To start with, it helps if you are already in a bull market. This is not challenging to establish. Next, you need the recent market action, as measured by the one- and five-day strength index, to be robust, with a percentage over 50. Third, you want the market to exhibit strength at the close of trading on the previous trading day, usually a Friday. If the prior day closes on or near the low, odds are the market will go on lower on Monday rather than going higher. The one-day strength index will provide you a nice reading on how bullish the market was on the preceding day. Finally, you want a steady-to-higher open to happen on the Monday buying day. A sharply higher or sharply lower open on Monday presents valid troubles. With a sharply higher open, the marketplace may possibly spend the rest of the day trading down to more levelheaded levels. With a sharply lower open, the market may go on to sell off the rest of the day. A higher open is always fine for buyers.
Tremendous Thursday Tactic For Making Big Profit
Thursdays have a tendency to be the weakest day of the week in bull markets. Throughout bear markets, Thursdays have a tendency to rally as the counter-trend day.
The ultimate pattern for selling on Thursday is subsequent two or three days of rising prices-the classic 3-day pattern. The ideal pattern for buying on Thursday is subsequent two or three days of declining prices. - 31987
The model is so grueling to compute that most traders need never heard about Mondays and Thursdays. In actuality, the only way I was able to spot this pattern was by going over 10 years worth of old numbers.
To measure a pattern like this, you have to analyze the standard deviation from the average to observe if any pattern or anomaly whatsoever emerges. You then need to do this in both bull and bear markets.
The end result of analyzing 10 years worth of numbers reveals a small pattern on Mondays and Thursdays that you can bring into play to make a huge amount of cash day trading.
Superb Monday Strategy For Making Enormous Profit
If you had to single out just one day to buy, Monday should be that day if you are in a bull market.
Not every Mondays present brilliant buying opportunities, so you should be vigilant when looking to buy on a Monday. To start with, it helps if you are already in a bull market. This is not challenging to establish. Next, you need the recent market action, as measured by the one- and five-day strength index, to be robust, with a percentage over 50. Third, you want the market to exhibit strength at the close of trading on the previous trading day, usually a Friday. If the prior day closes on or near the low, odds are the market will go on lower on Monday rather than going higher. The one-day strength index will provide you a nice reading on how bullish the market was on the preceding day. Finally, you want a steady-to-higher open to happen on the Monday buying day. A sharply higher or sharply lower open on Monday presents valid troubles. With a sharply higher open, the marketplace may possibly spend the rest of the day trading down to more levelheaded levels. With a sharply lower open, the market may go on to sell off the rest of the day. A higher open is always fine for buyers.
Tremendous Thursday Tactic For Making Big Profit
Thursdays have a tendency to be the weakest day of the week in bull markets. Throughout bear markets, Thursdays have a tendency to rally as the counter-trend day.
The ultimate pattern for selling on Thursday is subsequent two or three days of rising prices-the classic 3-day pattern. The ideal pattern for buying on Thursday is subsequent two or three days of declining prices. - 31987
About the Author:
May you find value in this article on day trading and timing the stock market with days of the week. Most traders do not know how to correctly use the MACD. To learn more go to how to use macd and for lots of money making strategies go to how to make money in the stock market
