I am still strictly bears, I have been doing research lately on the 'time' that a trend, rally, open, etc. goes on for ...
In this case, we have been up here for about 16 hours so we are close, statistically speaking, to either having a break out .. or if we stick in the past trend, to going down 70-120 pips in a matter of 4-6 hours which would go along with the U.S. data history.
. Are you calculating conditional probabilities on other previous falling, stalling periods or on meaningful variables (stock markets, gold) or simply measuring the length of runs..in terms of time or in terms of pips?I have large unorganised collections of stats, perhaps we can discuss what we found. Thanks.
