"Also when it comes to TA analysis we may see a excellent setup but they dont always play out,"
Agree, I only use them for mostly entry points myself...but my personal use is not the point
What I do see on HC, is many people pointing to the TA like this is going to happen, without understanding the success rate. here's the pattern, look, it's going higher.
I have been reading Zands site, and so many TA set-ups tested over 100s-1000s stocks have come up with 50-60% success rates, so if you're trading many times, then maybe 58% is an advantage. But if your main game is FA, with TA overlaid for timing, then I want to know only the best of best as there are just so many patterns you can call.
KISS
http://thepatternsite.com/CandleEntry.html
I decided to only focus on the reversals in top 10. Most of which have 70%+ up to around 80% max.
Tested the morning star last week on GPH, with 8.1c bottom. Supply dried up and finished 8.7c, little selling pressure, but also not enough buy urgency for mine to call it yet. Had around a 76% trend reversal success.
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