Kawasaki Doraemon-ryu Time Statistics Theory | Part 5 Monthly Forecast May Edition [Kawasaki Doraemon]

Kawasaki Doruemon-san emphasizes the time element in FX. This project will teach you concrete trading strategies from a statistical approach by such Doruemon-san.

*This article is a reprint and revised edition of FX Tactics.com June 2020 issue. Please note that the market information stated in the main text may differ from current market conditions.

Kawasaki Doruemon Profile

Kawasaki Doruemon. Feeling limitations with discretionary trading, he sought a system trading method that is as mentally painless as possible and easy to profit from. After various simulations, he completed the Guruguru Train.

Blog：Kawasaki Doruemon’s FX Blog
Twitter：https://twitter.com/kawasakidoruemo

In May, focus on the Pound-Dollar in the forex market!

Hello, I’m Kawasaki Doruemon. Time statistics theory involves taking statistics from past candlesticks to look for temporal trends. This time, I’ll talk about the temporal trends in May’s market.

First, please look at Table ①. This is the statistical data compiled from the monthly candles since 2000. There are trends in several currency pairs, but the strongest trend is in the Pound-Dollar. Over the past 20 years, there have been 4 bullish candles and 16 bearish candles, making bearish candles more frequent. When converted to probability, the bearish candle probability is 80%. 80% is a very strong trend.

Although not published in this issue, looking at the detailed data shows that the monthly candles for Pound-Dollar in May have shown bearish candles for the past ten years since 2010. From this, we can infer that May for Pound-Dollar tends to be bearish.