ib breakout : by weekday

Every day of the week can be different in terms of trading. That's why it's helpful to see each weekday separately and how it affects the ib breaking out. lets take a look at es futures ny session as an example :

Fridays turned out to be the best day to look for single breaks with a whopping 80% chance of this happening ! its also important to note that in this example Wednesday turned out to be a 50% day with no obvious bias.

why ib breakout by weekday matters :

Depending on what day of the week you trade, how the ib breaks can change. Filtering data by day of the week can help you make a more informed decision on how to include ib breakout data in your trading. If a certain day has a high chance of a single break, then you want to target only one side of the ib on that day as a take profit area. If a certain day has a high chance of a double break, then use the first break as an area where price will reject and target the other side.