Disliked{quote} Yes, you're right about small sample sizes. We have to be very careful about them. M240 is a double-edged sword - nice setups, but difficult to analyse accurately due to the low number of them. You're also right about most of the edge being in how you trade the setups, not in the setups themselves. It would be naive to think that you could always enter at 40% retracement, SL at 80%, and hit TP more than 50% consistently. If you could do that then you would simply run it automatically 24/7 and become very rich. It's not going to happen! That's...Ignored
Actually I don't think we will have something special from transient zone analysis. Because actually TZ's are support/resistance levels where supply/demand war can send price either way. It is higher possibility the PTZ become recurrent which is on the direction of main trend. So putting your bet on the this direction should be more important then which PTZ occurred earlier. But statistical confirmation of this would be interesting. Of course we will be glad to see a pattern if it is exist.:nerd:
I think if you are able to code and analyse such relationships, it has more potential to see patterns in price bar proportions. An example of such study here:
http://www.timingsolution.com/TS/BT/Candle5/
If you need another project for future may be this can be the next one