Quoting sitocaDislikedI have been doing some Pin Bar recognition over a 5 year period (2000-2005) for Eur-Usd, Gbp-Usd and Usd-Chf and for me there are only about 5-10 picture perfect PBs per market (depending on time period and market) per year. In some years, I can only find 2-3 tradeable PBs. Anyone else came out with the same findings? Would like to know how many tradeable PB you guys can find per year on a daily timeframe?
Base on this (my own backtest), I'm not so sure if one can only depend on PB alone to trade especially if you are looking on a daily timeframe or higher to trade.Ignored
- Post #1,163
- Quote
- Edited 12:01pm Oct 17, 2006 10:11am | Edited 12:01pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
- Post #1,165
- Quote
- Oct 17, 2006 11:49am Oct 17, 2006 11:49am
- | Joined Jun 2006 | Status: ©u®r€nc¥ Ana£¥$t & T®ad£r | 464 Posts
- Post #1,168
- Quote
- Oct 17, 2006 12:53pm Oct 17, 2006 12:53pm
- | Commercial Member | Joined Aug 2006 | 12,004 Posts
- Post #1,169
- Quote
- Oct 18, 2006 5:28am Oct 18, 2006 5:28am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
- Post #1,170
- Quote
- Oct 18, 2006 10:23am Oct 18, 2006 10:23am
- | Joined Oct 2004 | Status: Member | 7 Posts
- Post #1,173
- Quote
- Oct 19, 2006 5:37am Oct 19, 2006 5:37am
- Joined Sep 2006 | Status: Member | 10,147 Posts
every Saint has a past. Every Sinner has a Future
- Post #1,174
- Quote
- Oct 19, 2006 2:22pm Oct 19, 2006 2:22pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
- Post #1,177
- Quote
- Oct 20, 2006 5:12am Oct 20, 2006 5:12am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
- Post #1,179
- Quote
- Oct 22, 2006 5:44pm Oct 22, 2006 5:44pm
- | Commercial Member | Joined Feb 2005 | 2,875 Posts
- Post #1,180
- Quote
- Edited Oct 23, 2006 12:50am Oct 22, 2006 7:20pm | Edited Oct 23, 2006 12:50am
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.