DislikedI have cobbled together some results and have put it to a practical use (analyzing one of mr pips trades). Admittedly i only based the results on all of the days mr pip traded and posted, but i think its still valid. 6 common combinations deep retracement , shallow projection => deep projection/deep retracement shallow projection, deep retracement => deep projection/deep retracement deep projection, deep retracement => shallow projection shallow retracement, deep projection => shallow projection shallow projection, shallow projection => shallow...Ignored
A projection or a retracement?
Does that mean a combination that starts with retracement is chained to a previous combination where the outcome was that very retracement?
Also I don't see how deep or shallow swings should matter, patterns are patterns, and you should trade by the these common ratios and set your stop losses and profit levels accordingly.