Recent content by 30seconds

  1. 3

    Here is why I think candlestick patterns have no value: with example

    Ok, thanks.
  2. 3

    Here is why I think candlestick patterns have no value: with example

    Ok, thanks for the info. The other day I've read this document https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/TestingPointFigure.pdf which states that some patterns in p&f have 91% success rate, what do you think about it? Scam or not?
  3. 3

    Point & Figure Patterns: trade success statistics

    So yesterday night I've come across this interesting document from Fidelity which says that a "triple top" pattern in a point and figure chart with 60 day hold has a 91.71% success rate and 11.7% on average trade. That seems really really strange, but what do you think? I can't believe those...
  4. 3

    Here is why I think candlestick patterns have no value: with example

    So you entered based on the shape of the candlestick (I assume the chart is 4h), but that shape just happened to appear to you because you are in UK. If you were let's say in Spain there would be 1h offset, therefore the 4h candlestick would look different (not sure how much different, but is...
  5. 3

    Here is why I think candlestick patterns have no value: with example

    Yes, exactly about the point and figure. I've been reading a book from a thread on trade2win that is exactly about point and figure, the one that goes really deep into it. Anyway I think the charts that are affected the most are the daily in each country. For countries that have offset that is...
  6. 3

    Here is why I think candlestick patterns have no value: with example

    The issue I see with candlestick charts is that the same values produce different charts if the time is offset. So a pin bar can be "produced" if you offset the time, but if you don't then there is no pin bar. So I was thinking... If I just offset the time by 1s/1m/1h can have different...
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