Just done tests on trends and reversals using several currency pairs which show that there is approx 50% chance of trend continuation and 50%chance of reversal. This is true over 10, 50 100, 200 point moves.

This is important. Does anyone have any evidence that trends are more commen than reversals over any resonable time frame?

If the answer is no, then finding an 'edge' will be very difficult.

comments?