BardParticipant
Master
Agreed! The simpler the better. It was an idea though to improve the win rate of Bulkowski’s pattern stats. I’ve seen these spikes a thousand times in Forex, I’ve even seen the next candle retrace all the way back up these very long spikes, but the majority of times this is a great signal that declines are more likely to follow.
BardParticipant
Master
Ah, but did you see DEIO’s system and it’s 100% win rates @robertogozzi?
https://www.prorealcode.com/prorealtime-trading-strategies/indexbond-strategy-based-on-slow-accumulation-of-contrarian-orders/
Caveat: Oct 2019 was “fun” but the end of Feb 2019 brought the system back to break even (before the Dow declined again) but not after some “disconcerting” drawdowns!
BardParticipant
Master
and so unable to open an account with a broker due to silly age restrictions.
There was always Panama, the Caymans or Liechtenstein?
There was always Panama, the Caymans or Liechtenstein?
Unfortunately at three months old I hadn’t started geography lessons yet let alone economics so I wasn’t even aware that these countries existed. The stupidity of youth!
On the subject of candle patterns – I studied it for a while but decided that in the old days when every trader drew their own daily charts with pencil and paper and so all spotted the same patterns they may have had some use but in this modern day and age when we are all staring at charts in multiple time frames they don’t seem very powerful.
BardParticipant
Master
BardParticipant
Master
The stupidity of youth!
Hilarious.
Wait for the “joys” of senility!