DislikedI forget the stats, but I had a marinally profitable strategy I back tested. Open a long and a short. Each has a TP of 20 pips and a SL of 100 pips.
The idea is that you will see almost no daily bar without a 20 pip shadow on both ends. I never traded it because I hate trading a mathematical model.
Anyway, how would you use these stats to trade?Ignored
so then our probability of failure is 50% price will either close above or below open.
so knowing what statistically it HAS been doing it is easier to pic a direction according to FA, TA, and so forth. when i trade i just ask myself above or below open.
so in essence it helps pick a direction
AVT INVENIAM VIAM AVT FACIAM