It will be interesting to see how many of these setups eventuate over the course of a year. I see plenty of the GC's that don't specifically look like this 3rd of a 3rd setup. Some of those go on to deliver great returns, but there isn't really a great entry point, or a consistent entry like this 3-3 setup. Unless you just take the GC as the entry, but that will have a low win rate IMO.
Now we just need to work out if it is a profitable system. Risk to reward is minimum 5:1, and 10:1 depending on how close you can buy to the 50% fib, so that means a win rate of just 17% is break even, 9% for 10:1. I think we will get a win rate well above those levels, especially if we add some momentum filters prior to buying. GCM for instance where the 65ema stalls, the short MACD doesn't look like turning up etc. They are probably the filters we need to use to get that win rate higher, and provide greater confidence in the system. Looking at the examples you have shown, it is getting a hold time of just a few months for those >100% gains, so if we can get onto 10-15 of these over a year that will be a very good system indeed!
