I'll be scouring the charts for "actionable masterpieces". These will be signficant chart patterns or set-ups that I feel are not only tradeable, but also have a high probability of making big profits with little risk. Whenever I spot an "actionable masterpiece", I will post an annotated chart (my chart art) along with an explanation. My goal is to help you learn how to spot these low ocurring but highly profitable "actionable masterpieces" yourself.
New Year Rally for Dollar?
Here are some interesting calendar trading patterns for EUR/USD for the months of December and January. There seems to be a Santa Clause rally for euro in the month of December. Below is a chart showing how EUR/USD performed in December since 1995. Eight out of eleven Decembers show that EUR/USD appreciated, which is about 73% of the total sample. The average gain for December was 185 pips.
January is a totally different. The pair basically gives back its gain from the previous month and then some. Eight out of the eleven Januarys show that EUR/USD depreciated, which is about 73% of the total sample. The average loss for December was 232 pips.
