Where Can I Find Price Action Stats?

[gtatix]

I located a large document pertaining to - almost exactly - what I was looking for. The problem is that it is over 3 years old. Please look at the data within the following link and offer to me if you believe that this info is still accurate. If not, where might I find similar information?
http://www.forexmt4.com/_MT4_Systems Documentation/FX Engines Predicting Price Action.pdf

 

[nine]

FWIW What they are testing is price action but it has little resemblance to what I would trade.

Actually almost close to none. Most price action traders are concerned with price behaviour around support and resistance ... the good results lie in learning to interpret it and the differences between one tradable and another.

 

[alexander]

Interesting. Never seen that before (although I have taken a look at FX Engines). Guessing it's proprietary stuff and therefore they themselves are likely to be the source. That said, are they still even in business?

GJ

GJ this is an interesting study indeed. Do you also get the impression that the results of the study indicate that the longest timeframes offer the highest probability for momentum based signals?

I wonder whether their measure of probability makes sense. This is basically a success rate, not a probability and you must have some bounds on frequencies to convert that to probability or in other words to claim it's close to the limit of large numbers.

Alex

 

[Lee Shepherd]

Great report to read as it keeps one's hope's up that these things are achievable, unfortunately its very useless to say the least.

Wheres the stop loss they tested off?

What times of entry on 10,15 pips? End of day? 1 hour before close? Start of business?

How much pain would one need to take before closing trade?

Drawdowns???

How many sessions is it traded off? once? twice maybe? or consistantly over many months? If so, why sell it when you can trade it?

Another point, although mentioned, no spread/commission is taken ito account.

One major point to note:
There is certainly more to this than meets the eye, its a ploy to get you to sign up to them.
This is why: If they can predict the markets move after 10,15 or 50 pips in either direction and get the direction right at the end of the day by over 98% then this is a strong indication that they are using different or many other indicators to get the daily market correct.

Being correct 98% of the time on the daily direction of any market is unknown.

Anyone who knew or was correct on the daily direction of over 98% would be richer than Warren Buffet, Bill Gates, in fact all of the richest people put together and more so.

I located a large document pertaining to - almost exactly - what I was looking for. The problem is that it is over 3 years old. Please look at the data within the following link and offer to me if you believe that this info is still accurate. If not, where might I find similar information?
http://www.forexmt4.com/_MT4_Systems Documentation/FX Engines Predicting Price Action.pdf

 

[grantx]

Gtatix,

At the risk of showing my mathematical ignorance, isn't this very basic probability ie:

if a price moves X points over a certain interval, then logically a smaller price move is more probable;

if a price moves X points over a certain interval, then logically the greater the interval, the greater the probability of the price move.

While different pairs exhibit variations, it seems the only way to trade (this) is via the spreads
or a complimentary net position, eg if long USD/JPY and short EUR/JPY, then long EUR/USD (GJ, if that's the wrong-way round, please correct). However, wouldn't this be a violation of triangular arbitrage , hence almost impossible to trade (except for institutions possibly)?

Grant.

 

[alexander]

Wheres the stop loss they tested off?

What times of entry on 10,15 pips? End of day? 1 hour before close? Start of business?

How much pain would one need to take before closing trade?

Drawdowns???

.........
Anyone who knew or was correct on the daily direction of over 98% would be richer than Warren Buffet, Bill Gates, in fact all of the richest people put together and more so.

Excellent points! (I won't forget adding to your reputation I promise). These are exactly the reasons why this type of simple analysis fails to generate profits. I remember 15 years ago I figured out the daily change in the price of bond futures was 87% correlated to the previous day change. Yet, you could not make any money trading such system. It is reasonable conclusion, since that would represent a tremendous anomaly in pricing. If you used a stop or stop-and-reverse you ended up losing my study showed.

Alex

 

[gtatix]

Great report to read as it keeps one's hope's up that these things are achievable, unfortunately its very useless to say the least.

Wheres the stop loss they tested off?

What times of entry on 10,15 pips? End of day? 1 hour before close? Start of business?

How much pain would one need to take before closing trade?

Drawdowns???

How many sessions is it traded off? once? twice maybe? or consistantly over many months? If so, why sell it when you can trade it?

Another point, although mentioned, no spread/commission is taken ito account.

One major point to note:
There is certainly more to this than meets the eye, its a ploy to get you to sign up to them.
This is why: If they can predict the markets move after 10,15 or 50 pips in either direction and get the direction right at the end of the day by over 98% then this is a strong indication that they are using different or many other indicators to get the daily market correct.

Being correct 98% of the time on the daily direction of any market is unknown.

Anyone who knew or was correct on the daily direction of over 98% would be richer than Warren Buffet, Bill Gates, in fact all of the richest people put together and more so.

I would offer that with some fairly basic programming and a lot of accurate statistics that an "if when / then...." type of test could be done. Example: "If when the price at 8am on all days from Monday to Friday inclusive, increases by 20 pips - then 76% of the time it will advance 30 more pips [on a 4hour chart] before dipping more than 20 pips." Something like this would be invaluable in that you can take 20 pip losses 26 times out of 100 and take 30 pip gains 76% of the time. A cash cow! If the numbers were like what I just stated, income would be a joke - a good joke. It could be that the stats were closer to a break even which would make it futile. I would like to do more research of this type - it simply takes time. I would likely start by looking at key times when the market opens or when the market is usually the strongest. These stats are actually also available but subject to accuracy based on the fact that they are gathered by a third party.
I need time - I will likely get around to some of this number crunching soon. I don't think it would be a waste of time - it is just that time is the key - a lot of it - to come up with worthwhile results. You can't look at a week worth of stats, you need to go back at least a year for every day per pair to start.

 

[Lee Shepherd]

O.K, interesting point.

When you've done the research and found it to be true and worthwhile (a cash cow) then by all means post it as being one - Until that day, it is just hearsay of what you speak of.

I will await many a month to when we can have this conversation again and maybe then you'll have the factual evidence that states this is truely a 'cash cow'.

Until then , this will remain just one of many thousands of vendor's selling a system as oppose to trading it themselves.

I would offer that with some fairly basic programming and a lot of accurate statistics that an "if when / then...." type of test could be done. Example: "If when the price at 8am on all days from Monday to Friday inclusive, increases by 20 pips - then 76% of the time it will advance 30 more pips [on a 4hour chart] before dipping more than 20 pips." Something like this would be invaluable in that you can take 20 pip losses 26 times out of 100 and take 30 pip gains 76% of the time. A cash cow! If the numbers were like what I just stated, income would be a joke - a good joke. It could be that the stats were closer to a break even which would make it futile. I would like to do more research of this type - it simply takes time. I would likely start by looking at key times when the market opens or when the market is usually the strongest. These stats are actually also available but subject to accuracy based on the fact that they are gathered by a third party.
I need time - I will likely get around to some of this number crunching soon. I don't think it would be a waste of time - it is just that time is the key - a lot of it - to come up with worthwhile results. You can't look at a week worth of stats, you need to go back at least a year for every day per pair to start.

 

[gtatix]

O.K, interesting point.

When you've done the research and found it to be true and worthwhile (a cash cow) then by all means post it as being one - Until that day, it is just hearsay of what you speak of.

I will await many a month to when we can have this conversation again and maybe then you'll have the factual evidence that states this is truely a 'cash cow'.

Until then , this will remain just one of many thousands of vendor's selling a system as oppose to trading it themselves.

You may have misunderstood what I was saying. I am offering a "maybe" here. I am offering that it MAY be possible to use movement history in a way that it is not usually used to speculate on an outcome. I was looking at the price action statistics as just that - statistics. I see no system or method at this time. I am thinking that IF something happens after something else happens, more often than not, there is the potential to use that information to formulate a plan. I did this for baccarat and roulette. IF there are 3 of such and such in a row, then x% of the time - this happens. The problem with baccarat and roulette is that it is VERY random - although perhaps there is some pattern amongs the chaos - I never found it. With human created occurences, I would surmise that there are patterns - based on the human factor - thus NOT random at all. If something is not random, then there is a great potential for a pattern - or many patterns - which could be exploited.
Going back to the "hypothetical" if when/then scenario I originally threaded, I haven't got a plan of any sort. But I would LOOK to see if there were "more this than that" types of situations before I would say there wasn't a pattern.
Where I would start is a specific time of day, currency pair, and using a minute chart see what happens at - say - 8am est each and every day. Thus the "if when/then" scenario. This is all totally hypothetical and I am making absolutely NO claims. Just that if you found this sort of statistical information interesting, I do too! I think that with such information tests could be made to see how to use the info. There was mention of there being no intication of drawdown stastics for example. I hope you see what I am talking about here. Not about a system that exists, but about a theoretical system based on something happening more often than not AFTER something else has happened.
It could be one of many things.
Here is another HYPOTHETICAL example.
"After 3 days IN A ROW of price movement, where the price starts below the daily pivot point and then hits - at least - the first support level, how often will the price movement be to the next days first resistance level instead of goint four times in a row to the first support level? This would be interpreted as "Okay, the price movement has gone from just below the daily pivot down to - or below - support level 1 three days in a row. Lets see what USUALLY happens once this occurs, based on what has happened 500 such times in the past."
You could test for such things in a large number of ways.

 

[gtatix]

Gtatix,

At the risk of showing my mathematical ignorance, isn't this very basic probability ie:

if a price moves X points over a certain interval, then logically a smaller price move is more probable;

if a price moves X points over a certain interval, then logically the greater the interval, the greater the probability of the price move.

While different pairs exhibit variations, it seems the only way to trade (this) is via the spreads
or a complimentary net position, eg if long USD/JPY and short EUR/JPY, then long EUR/USD (GJ, if that's the wrong-way round, please correct). However, wouldn't this be a violation of triangular arbitrage , hence almost impossible to trade (except for institutions possibly)?

Grant.

I would offer that it is a probability "study" but not necessarily in the sense of something being "logical." I wouldn't attempt to explain that price movement is logical. I am offering that if there is a direct correlation between something happening - say 3 times and a row - and then the opposite happening, and that such a thing happens 70% of the time [three in a row, then the opposite], you could simply do "the opposite" after something happened 3 times in a row. What one would need to do is acquire the statistics of the said occurences over a decent period of time. It is kind of like you know someone quite well. They sneeze - you say - "Okay here we go..." because you KNOW that once they sneeze, they sneeze EXACTLY 8 more times. Sometimes 9, RARELY just that once but you can count on them LIKELY sneezing 8 more times. Why? Because you have witnessed this - perhaps 80 times - and that is USUALLY what happens. IF - IF - BIG IF.....you do some number crunching as I have offered - just IDEAS - you MAY find that "WHEN this happens.....USUALLY this happens. Not because it is LOGICAL....but because it DOES based on statistice. I am having trouble making this CONCEPT any clearer. I don't mean to confuse. Perhaps this has been done. Perhaps there IS NO WHEN --- THEN ever? :idea:

 

[grantx]

Gtatix,

This is perfectly clear, thanks.

My reference to the logical was regarding the size of a price move, eg if X moves 10 points over 1-hour, 85% of the time, then logically it moves less than 10-points greater than 85% of the time. If the 10 points was your profit target, then 5 points would be more readily achievable - a smaller profit but with more certainty.

Grant.

 

[gtatix]

An early start

Gtatix,

This is perfectly clear, thanks.

My reference to the logical was regarding the size of a price move, eg if X moves 10 points over 1-hour, 85% of the time, then logically it moves less than 10-points greater than 85% of the time. If the 10 points was your profit target, then 5 points would be more readily achievable - a smaller profit but with more certainty.

Grant.

Have a look at this:
1) observe the closing price [on a five minute chart] at 7:55 a.m eastern time of the EUR/USD or the 8:00am eastern time opening price of the same - EUR/USD
2) wait for a movement of exactly 20 pips in either direction - usually will happen within the first 2 to 60 minutes. Use a tick or one minute chart for this.
3) Lock in for a 20 pip ride in that direction. You can be ultra-conservative and take 15 pips.
4) Place a stop at 10 pips in the opposite direction of your 20 pip start point
- Further options:
- place a trailing stop to preserve most of your 20 pip gain after it is made with the hopes of capturing between 40 and 80 pips - place this as a 5 or 10 pip trailing stop.
- expect the original 20 pip profit taking action to happen before 11am eastern time.
- do this daily monday to friday inclusive.
- slightly more risk with an apparent >80% success rate could be made by placing your stop one pip on the side of the 8am open opposite to the direction you are speculating. thus taking a 21 pip loss vs a 20 pip gain. The percentages appear to show very little risk with doing this.
- If by 11am a 20 pip gain has not been made, you can let it ride and take the gain/loss or just dump it with any profit you see fit.
- appx 10% of the time the price action will be such that after a 20 pip take (greater than 40 pip move away from the openning price) a reversal will occur and make it possible to take 20 pips in the opposite direction by waiting for the action to move back past the open of 8am and further on to 20 pips beyond this and ultimately to beyond 19/20 pips further in that direction for another winning trade of 20 pips.


This is VERY preliminary based on a few hours of statistical work covering 30 working days.
This is an IF/THEN procedure based on history.

 

[Lee Shepherd]

Gtatix,

I see where your coming from, I beleive that anything is possible too, although in this instance the vendor in mention has given NO clue whatsoever with regards to how the system works, they're just figures.

Test the system (albeit totally unknown at this point) and see where it leads you. In a couple of months we can ignite this conversation once more.

As with chaos, gambling, random events and historical movements - This is something I am aware of and have done research into many of these with very good results on paper but unfortunately unsuccesful in the real world of market trading. In particular you could try the system to beat the house below, the winning strategy that always beats the casino's (or at least only in theory), they know about this so have changed the rules to fit in with there profits. As with the markets, if you start having a winning strategy then sell it to others and others use it, the rules of the playing field change by the very nature that you need a buyer for every seller or the contract will not get filled. By any method to win more than the other or just to be profitable you have to act before anyone else, the last in is the first loser. This is the problem many encounter with back tested or old strategies. The market is always changing and only the fittest will keep up.


END OF POST:

Below is the roulette winning theory - Before commenting i would invite anyone to test this out (demo only), you will see that it does exist and is true to form, hence why the casinos have preventions in place to stop people using such a system.

The same method can and does get used for and in the markets with the same analogy that what goes up must come down and vice versa and the coin flicking (heads and tails) theory and also the - If the markets have been down 5 days in a row then tommorow the possibility of them rising will increase. Check it out on any daily timeframe over the last 40 years.

Method has most proven effectiveness on U.K roulette tables as there's only one Neutral (0) as oppose to U.S which has 2 Neutrals (0 and 00).

The story(factual):
Rolling a ball around a table by random people over the course of time will give a figure of close to 49%-49% red to black (takes into account Neutral - market equivalent = spread/commission).

The method:
Place a £1 coin on red (colour insignificant), if it loses then double it to £2, loses again double to £4 and keep doubling till red comes in. When red comes in you win back all your money to make £1. This can be replicated many times in one hour so is possible to take many £10's in one hour, thats pretty much the limit so wont make you a millionaire over night. As anyone who has played roulette will be fully aware that most times it will run several times in one direction then can reverse (market equivalent=trend lines), other times it will go red then black then red again(market equivalent = up day down day up again).

The prevention:
Set by casino's to prevent you winning over a period of time. It's very unlikely that 13 to 15 reds will come up but not by anymeans impossible.
The casino's set a maximum limit on outside numbers to prevent such a method from happening. Using just £1, after 13 rolls you'd need to put on the table £4,096. If the outside bet disallows this amount or for 15 rolls £33,554 for which they do on outside numbers then at some point in time you will lose all your cash. Thats a lot of one pounds.

The idea:
Simply do not use as the house will always win in the end but for fun, variations can be applied, ie, out with your mates and you see that red has come in 5 times, whack on a bet and hope for best. Most times you'll win and on most nights and your friends will think your a God, however the longer you play the more you'll lose but your friends will forget the rare losers and only remember the constant wins. This is also something that happens in the trading world when we dont keep records.

 

[new_trader]

Gtatix,

I see where your coming from, I beleive that anything is possible too, although in this instance the vendor in mention has given NO clue whatsoever with regards to how the system works, they're just figures.

Test the system (albeit totally unknown at this point) and see where it leads you. In a couple of months we can ignite this conversation once more.

As with chaos, gambling, random events and historical movements - This is something I am aware of and have done research into many of these with very good results on paper but unfortunately unsuccesful in the real world of market trading. In particular you could try the system to beat the house below, the winning strategy that always beats the casino's (or at least only in theory), they know about this so have changed the rules to fit in with there profits. As with the markets, if you start having a winning strategy then sell it to others and others use it, the rules of the playing field change by the very nature that you need a buyer for every seller or the contract will not get filled. By any method to win more than the other or just to be profitable you have to act before anyone else, the last in is the first loser. This is the problem many encounter with back tested or old strategies. The market is always changing and only the fittest will keep up.


END OF POST:

Below is the roulette winning theory - Before commenting i would invite anyone to test this out (demo only), you will see that it does exist and is true to form, hence why the casinos have preventions in place to stop people using such a system.

The same method can and does get used for and in the markets with the same analogy that what goes up must come down and vice versa and the coin flicking (heads and tails) theory and also the - If the markets have been down 5 days in a row then tommorow the possibility of them rising will increase. Check it out on any daily timeframe over the last 40 years.

Method has most proven effectiveness on U.K roulette tables as there's only one Neutral (0) as oppose to U.S which has 2 Neutrals (0 and 00).

The story(factual):
Rolling a ball around a table by random people over the course of time will give a figure of close to 49%-49% red to black (takes into account Neutral - market equivalent = spread/commission).

The method:
Place a £1 coin on red (colour insignificant), if it loses then double it to £2, loses again double to £4 and keep doubling till red comes in. When red comes in you win back all your money to make £1. This can be replicated many times in one hour so is possible to take many £10's in one hour, thats pretty much the limit so wont make you a millionaire over night. As anyone who has played roulette will be fully aware that most times it will run several times in one direction then can reverse (market equivalent=trend lines), other times it will go red then black then red again(market equivalent = up day down day up again).

The prevention:
Set by casino's to prevent you winning over a period of time. It's very unlikely that 13 to 15 reds will come up but not by anymeans impossible.
The casino's set a maximum limit on outside numbers to prevent such a method from happening. Using just £1, after 13 rolls you'd need to put on the table £4,096. If the outside bet disallows this amount or for 15 rolls £33,554 for which they do on outside numbers then at some point in time you will lose all your cash. Thats a lot of one pounds.

The idea:
Simply do not use as the house will always win in the end but for fun, variations can be applied, ie, out with your mates and you see that red has come in 5 times, whack on a bet and hope for best. Most times you'll win and on most nights and your friends will think your a God, however the longer you play the more you'll lose but your friends will forget the rare losers and only remember the constant wins. This is also something that happens in the trading world when we dont keep records.

I played a system where I would do the above but only after a colour came up 2 times in a row. ie/ After 2 reds in a row I placed a bet on black and doubled it if I lost etc. I did it with real money and after making a few hundred pounds in a few hours I lost the lot when 1 bet required me to place £1024 on the next spin. I didn't have it in the account and wasn't willing to top up either...so much for statistics...

I love roulette, but it's only for fun now. Real money or not.

 

[grantx]

Gtataix, Lee, NT,

With regard to Gtatix's last post I'm not sure whether a roulette wheel is a good comparison for the markets - nothing in roulette is observable; in the markets, you can see the price (what your betting on) continually and control your exposure (betting risk).

So if you think USD/JPY is going to do X over a certain time period, but it doesn't, you can pull your bet thus mitigating your loss.

For the same reason, I think poker is a bad analogy - you can't see or know anything beyong what your holding yourself (I'm ignoring the knowable probabilites of certain hands but given the massive numbers of variations/permutations this knowledge is purely academic).

Grant.

 

[Lee Shepherd]

But what you've just said is the exact point I'm making.

It's all probabilty, just like in the markets you cant see whats coming, you can only hazzard a guess (albeit an educated one) based on what you currently see. Like in poker, if you hold 2 aces its unlikely given amongst all the other players that just one other holds equally 2 aces. The higher the set of cards you hold the more probable you will win. This is the same in the markets as that you cant see what others are just about to do or are currently doing, you can only run on a set of probability parameters. Thus not being 100% correct 100% of the time.

As for roulette and limiting your risk, this is truely the same, in the markets you set a stop and thats what you are prepared to lose, in roulette you lay down your cash and the same goes.

Please Note: I can see how probabilty works and am certainly not in a position to rule it out as people do use this method successfully to date, however, I will mention that although I see the possibilities within the probabilty factor, I do not trade this way.

Gtataix, Lee, NT,

With regard to Gtatix's last post I'm not sure whether a roulette wheel is a good comparison for the markets - nothing in roulette is observable; in the markets, you can see the price (what your betting on) continually and control your exposure (betting risk).

So if you think USD/JPY is going to do X over a certain time period, but it doesn't, you can pull your bet thus mitigating your loss.

For the same reason, I think poker is a bad analogy - you can't see or know anything beyong what your holding yourself (I'm ignoring the knowable probabilites of certain hands but given the massive numbers of variations/permutations this knowledge is purely academic).

Grant.

 

[grantx]

Lee,

Fair points. I suppose most people use probability in a mild form at least. For example, you go long or short based on knowledge and experience of the markets, specifically what you've observed in the past which you expect to repeat because it has repeated previously.

Grant.

 

[new_trader]

Gtataix, Lee, NT,

With regard to Gtatix's last post I'm not sure whether a roulette wheel is a good comparison for the markets - nothing in roulette is observable; in the markets, you can see the price (what your betting on) continually and control your exposure (betting risk).

So if you think USD/JPY is going to do X over a certain time period, but it doesn't, you can pull your bet thus mitigating your loss.

For the same reason, I think poker is a bad analogy - you can't see or know anything beyong what your holding yourself (I'm ignoring the knowable probabilites of certain hands but given the massive numbers of variations/permutations this knowledge is purely academic).

Grant.

I know it's not a good comparison but it was a good anecdote that just had to be told. The fact is that roulette is a fixed odds system. Even if the wheel has never been spun, ever, the odds of getting red or black is 18/37 (in European roulette) and that's the way it will be forever even after an infinite number of spins. The market is not a fixed odds system.

 

[gtatix]

Gtatix,

The story(factual):
Rolling a ball around a table by random people over the course of time will give a figure of close to 49%-49% red to black (takes into account Neutral - market equivalent = spread/commission).

For interest sakes I will offer something far more detailed I USED to work on for roulette.
Firstly you can get your own numbers like the ones below from a random number generator site. This is not your average computer number generator. It uses what is called atmospheric noise to generate its numbers. RANDOM.ORG - True Random Number Service
I used this site as well as thousands of real results I personally recorded to come up with something that looked/looks good - and not just on paper. The problem is playing for too long and catching a rare-but-true long losing streak. This system can be manipulated to become super-safe where you could be - virtually - guaranteed to walk out with $200 or 200 pounds or whatever, by playing perhaps 3 to 5 spins AND WALKING.

Now......
If you have played roulette, you may have noticed that numbers repeat - a lot. You will NEVER see 37 different numbers come up consecutively. There will always be repeats. I will use a single '0' wheel as reference here. It is interesting that you will notice that within the last 6 or 8 numbers, often ONE OF THOSE 6 OR 8 WILL REPEAT. We can't guess which one, but there is a very good chance - in the neighbourhood of 80% of the time - that this will happen. I will show you by placing a - almost too long - list of numbers I copied right from random.org. You could do this yourself with your own numbers. I spent MONTHS over years crunching numbers to see how often and when this stuff happened/happens.
LOOK AT THE FOLLOWING [800] NUMBERS LISTED IN ROWS OF 8.
LOOK AT EACH FOLLOWING ROW AND COMPARE THE NUMBERS IN IT WITH THE NUMBERS IN THE ROW ABOVE IT.
IF THERE IS A REPEAT NUMBER IN THE ABOVE ROW, USE THE LAST DIFFERENT NUMBER IN THE ROW ABOVE THAT ROW AS THE EIGHTH NUMBER. IF THERE ARE TWO REPEAT NUMBERS IN THE ROW YOU ARE COMPARING, USE THE LAST TWO DIFFERENT NUMBERS IN THE ROW ABOVE IT - AND SO ON.
YOU WILL SEE THAT - VERY OFTEN - ONE OF THE 8 NUMBERS IN THE ROW ABOVE WILL REPEAT IN THE ROW YOU ARE LOOKING AT.
HOW TO EXPLOIT THIS?
AGGRESSIVELY YOU SIMPLY PUT ONE UNIT ON EACH OF THE LAST DIFFERENT EIGHT NUMBERS THAT CAME UP. YOU DO THIS FOR A MAXIMUM OF 8 SPINS OR UNTIL YOU HIT A NUMBER. YOU BET 11112234 OR SOME OTHER MORE AGGRESIVE SEQUENCE STOPPING WHEN YOU HIT AND WAITING FOR THE NEW 8 NUMBERS TO BE COMPLETED. YOU COULD BE MUCH MORE AGGRESSIVE AND BET UP 1 UNIT PER MISS AND DOWN 1 ONCE HIT. THERE ARE A NUMBER OF MONEY MANAGEMENT METHODS ALONG WITH THE IDEA OF WAITING FOR A FAILED REPEAT OCCURENCE OR EVEN TWO IN A ROW BEFORE BETTING ON THE 8 NUMBER SEQUENCE. THIS ALL MAKES THE WAGERING "SAFER" BECAUSE YOU ARE WAITING FOR THAT WHICH SHOULD NOT HAPPEN VERY OFTEN AND THEN CAPITALIZING ON THE "MUST HAPPEN SOMETIME" CONCEPT. MUCH THE SAME AS YOU COULD WAIT FOR THE 8 REDS TO BET ON BLACK - THEN BETTING ON BLACK ONLY 3 TIMES AND SO ON.
LOOK AT THEST NUMBERS AND SEE WHAT I AM TALKING ABOUT:

23 8 1 19 32 32 33 25
30 18 12 33 1 14 33 33
10 32 11 17 30 27 29 9
34 18 36 34 34 26 32 8
3 17 26 15 6 33 20 33
26 8 34 5 11 30 35 19
31 29 36 19 13 33 35 29
32 26 2 28 20 27 0 27
4 15 28 32 31 25 11 26
11 25 7 6 7 30 33 22
2 14 20 15 12 30 16 34
18 34 4 6 12 27 32 9
18 23 4 20 15 29 10 23
28 31 4 24 35 29 25 33
23 7 27 36 4 33 25 16
1 21 36 10 34 15 13 20
32 20 7 0 35 2 19 22
11 3 20 27 6 28 12 8
27 9 7 34 10 11 2 1
24 28 8 20 10 35 27 19
21 15 22 36 36 27 32 25
7 3 1 1 0 17 30 18
13 1 18 34 14 5 1 6
4 11 35 31 34 32 31 30
34 34 3 7 16 7 2 31
34 35 9 33 26 2 23 31
19 16 4 23 29 8 2 25
36 17 29 19 4 25 12 35
35 28 24 36 32 8 18 28
15 0 17 3 20 36 27 24
24 6 11 33 32 31 12 29
28 20 12 17 2 4 25 35
25 19 14 23 18 7 20 36
8 9 32 16 15 12 26 9
32 11 19 25 4 13 21 24
27 16 11 15 13 31 24 4
27 2 4 28 8 17 5 32
11 1 5 10 18 6 27 5
7 20 10 27 6 5 22 26
28 32 32 23 1 4 6 0
23 21 7 24 34 6 1 8
31 32 21 26 24 7 31 11
21 0 34 18 29 31 36 9
10 6 28 23 36 20 24 25
8 8 25 28 0 36 22 11
25 17 21 7 6 34 13 18
6 34 5 24 12 15 13 28
21 6 19 36 22 17 30 11
7 4 4 24 7 24 18 9
6 13 36 8 30 30 7 33
21 11 1 2 27 28 34 19
18 31 12 3 27 13 36 0
0 1 1 13 34 36 36 35
27 13 8 11 9 12 10 26
22 32 3 33 23 13 15 16
36 1 31 16 0 32 5 8
10 1 30 4 35 29 33 26
29 2 23 14 30 32 4 12
11 24 7 21 5 0 27 31
7 18 23 5 4 19 7 26
31 17 22 0 33 4 18 14
34 18 7 22 33 1 11 21
24 8 22 0 36 22 11 33
9 20 21 9 25 36 33 3
23 10 29 6 15 35 27 2
21 32 21 14 13 19 15 7
18 7 19 6 11 4 33 18
18 31 35 23 18 26 23 27
10 4 28 6 13 35 1 19
20 2 33 33 20 15 35 31
13 32 31 8 33 1 0 23
20 28 30 18 31 19 18 34
9 32 20 29 34 7 18 11
31 21 5 13 12 24 25 8
13 10 26 36 5 12 13 13
10 11 4 26 6 21 12 4
27 32 32 14 6 31 11 15
17 0 25 9 3 24 2 31
35 19 1 29 17 8 31 0
28 21 26 29 36 11 15 32
11 30 28 25 34 4 23 1
22 9 24 29 5 7 36 23
10 18 13 2 34 7 11 27
22 2 32 6 17 35 15 14
10 24 11 15 12 36 6 36
19 35 36 21 4 11 32 23
17 3 18 31 26 14 14 13
14 6 28 1 8 32 31 16
6 13 16 33 13 10 6 2
36 11 6 17 18 31 30 31
13 36 30 18 23 18 33 18
13 25 1 35 22 20 21 18
19 2 35 0 19 28 19 30
35 3 19 3 2 34 30 16
22 12 11 5 33 25 18 22
14 17 12 28 22 22 14 19
8 11 7 0 9 0 4 9
8 0 5 24 25 7 17 29
18 8 22 21 27 2 6 15
26 23 12 26 28 17 17 31

 

[gtatix]

For interest sakes I will offer something far more detailed I USED to work on for roulette.
Firstly you can get your own numbers like the ones below from a random number generator site. This is not your average computer number generator. It uses what is called atmospheric noise to generate its numbers. RANDOM.ORG - True Random Number Service
I used this site as well as thousands of real results I personally recorded to come up with something that looked/looks good - and not just on paper. The problem is playing for too long and catching a rare-but-true long losing streak. This system can be manipulated to become super-safe where you could be - virtually - guaranteed to walk out with $200 or 200 pounds or whatever, by playing perhaps 3 to 5 spins AND WALKING.

Further to the above, I took it upon myself to "crunch" the set of 800 numbers to show how it is done. It took me approximately 30 minutes to do. I have included the results as a pdf file. Hopefully it is openable! These numbers were purely random and acquired just a few hours ago. Again, you can do the same by simply going to RANDOM.ORG - True Random Number Service. Talk about impressing your mates. BUT BE CAREFUL, I have seen as many as 5 rows in a row - 40 numbers - without a repeat. This is however after crunching and viewing - perhaps - 500,000 [yes five-hundred thousand] numbers. It is very rare. It is not as rare to see 2 failed rows in a row, but waiting for such an occurence is borderline ludicrous. If you have the cash to increase your bets moderately - and occasionaly a little high - this could work for you. I would suggest having a take home limit and leaving or taking a break after a few wins. You could make 100 to 200 UNITS in a few hours very easily doing this.
Why did I do this?
I am a statistics junkie - likely bordering on OCD :-0
I am convinced that there is order amongst chaos.
ESPECIALLY where there is a human factor.
A "dealer signature" would only add to the betterment of this methodology.