Hmmm. . .let's see.Originally Posted by ;
If a pattern fails 65 percent of the period (reduction = 20 pips) and wins just 35 percent of the period (profit = 90 pips), can we make money hidethereal?
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Hmmm. . .let's see.For anyone who is interested, or too lazy to do their own study.
CHART PATTERN FAILURE RATE
ref: Enclopedia of Chart Patterns by T. N. Bulkowski
PATTERN FAILURE RATE percent
DOUBLE TOPS 65
DOUBLE BOTTOMS 64
HEAD AND SHOULDERS BOTTOMS 5
HEAD AND SHOULDERS TOPS 7
RECTANGLE BOTTOMS 0
RECTANGLE TOPS two
TRIPLE BOTTOMS 4
TRIPLE TOPS 15
If a pattern fails 65 percent of the period (reduction = 20 pips) and wins just 35 percent of the period (profit = 90 pips), can we make money hidethereal?
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