Empirical Results on Technical Analysis

[birdjaguar]

Originally Posted by TraderABC

For every signal from TA, you can find atleast two cases when it did not work.

And great strategies can be built around a 33% win rate.

[vision3001]

>who will take care of Bush

Strange that it's non-obvious to you. Same answer, God also.

God will take good care of both them as He is Merciful.

[eurobloke]

I think he meant your post was so huge is all Lets leave god , bush , hussien and all the rest of the people, from the fletchers memorial home for incurable tyrants, out of trading talk yeh

[TraderABC]

Originally Posted by birdjaguar

And great strategies can be built around a 33% win rate.

IMHO, success rate of only 33% is dangerous. It would mean that your take profit target would need to be MORE than 3 times as big as sl, which is often hard to have. Additionally, if you set a tight stop loss, you may be stopped out too quickly too soon, even if you were in a right position. So this 33% winning percentages can easily become much less, meaning that TakeProfit will have to be bigger (which means it will be harder for price to move that way), etc....