ES Journal Archive (2011)

Discussion in 'Journals' started by Buy1Sell2, Jan 3, 2011.

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  1. Does anybody have statistics on technical breakouts? Failure rate?
     
    #23101     Dec 22, 2011
  2. gmst

    gmst

    yeah iit seems so till now!..i was short before so good point to save my aasss also :)
     
    #23102     Dec 22, 2011
  3. I think I read somewhere that 90% of breakouts fail.
     
    #23103     Dec 22, 2011
  4. gmst

    gmst

    Breakout failure rate will depend on definition of breakout and the instrument and time of day. So, for some definitions, failure rate could be 90%, but for some other, it could be just 60%.

    Need to do your own research as this topic is very vast.
     
    #23104     Dec 22, 2011
  5. check bulkowski's work. google it.
     
    #23105     Dec 22, 2011
  6. gmst

    gmst

    heavy sellers here. didn't expect to see a pinbar develop on 5 min, but it has not gone down in the bar next to the pinbar, which suggests bulls are still in control.
     
    #23106     Dec 22, 2011
  7. ammo

    ammo

    #23107     Dec 22, 2011
  8. Thanks, I have been to his site "the pattern site" i believe. I'll check it out. Thanks.
     
    #23108     Dec 22, 2011
  9. that work for ya? Good stuff for the knowledge bank and may reinforce assumptions or destroy them (90% of breakouts fail, LOL).

    I first read his stuff years ago and he tends be just anal enough to update the stats. Good man.
     
    #23109     Dec 22, 2011
  10. gmst

    gmst

    Thanks, I just came to know of this site. Did you personally find it valuable ?
     
    #23110     Dec 22, 2011
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