Forex Weekly Bias: Range Expansion vs. Midpoint Probability
Forex majors has a very consistent characteristics across them all. Namely, the likelihood of tagging the midpoint of a week in the week right after. The overall statistics across all the majors suggest that it is a pretty good bet to look for mean reversion as the probability stands at more than 60%.
The problem, however, is more complicated than that. Simple backtest will tell you that the expectancy is slight better than a scratch only. How can this be true? What is missing here?
I will show you the criteria that really matters. The one that turns this into an edge you can depend on.
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