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Strategies & Market Trends : Technical Analysis - Beginners
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To: cgraham who wrote (8647)9/19/1998 1:16:00 AM
From: gonzongo  Read Replies (2) of 12039
 
"Are you just guessing? "

what do you mean?

Richard is saying in his experience CCI works well for ranging periods.

TA is the use of indicators which can reduce the statistical coin flip bias of life. It may work 55% of the time - 65% or maybe 75%- tough to do much better than 75% in my testing.

Now start guess with a 55-45 bias- and a 2 to 1.0 risk reward.

So you place you stops at say 4% and 5 out of 9 times you make 8%.
If you do 18 trades a month- 10 will get you 8% and 8 will lose you 4%. That will yield an average gain per trade of (80-32) divided by 18 or 2.67% per trade- if each trade lasts and average of 10 days- yhen you will gain about 70% per annum. That is his kind of guessing- I guess.
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