Tuesday, June 16, 2009

Price Action Update

It's an early total, but a start.

I am looking at 6 price action trades a total of 92 signals so far. I have some interesting results.

86.7 short - same signal as below
54.5 long - has been awful long
92.9 looks promising
88.9 looks promising
83.3 looks promising
94.1 looks promising


I still have 2-3 more patterns to add in, but this is time consuming for sure.

I will need at least 1000 signals to see if the percentages hold steady or begin to wear closer to 50/50. I will also need to look at market bias on the losing signals.

This is why I simulate and always try and backtest at least 1000 signals.

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