Candlestick Patterns and how they can help Message Board

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Strategies & Market Trends : Candlestick Patterns and how they can help

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To: Murray Grummitt who wrote (7)	3/21/2002 11:38:59 AM
From: fut_trade	Read Replies (1) of 17

I ran a scan from 1993 to present on the SP futures data. for (day 1) I used "close higher than open by 0.5%" to get a few extra hits. Even with that change, only 8 days out of 2322 matched the full pattern. There were 6 wins and 2 losses. Almost all the gains came from two trades: 19990120 and 19990513. On the basis of 1 S&P 500 point = $50 (emini) the average win was $677 and the average loss was $156. The only problem with this pattern is that is comes up less than once per year - and if you missed those 2 trading days I listed above, you made essentially nothing.

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