BOs True or Flase

[antincedo]

ok seriously,

ok a 1min chart would you see there are more false breakouts or true breakouts

and where can i back test this"??

 

[Brandonf]

You would probably find more that fail if you simply look for a breakout, however if you learn to isolate the criteria of the better breakouts you will likely find a higher success rate (maybe 50%) with a much better risk to reward ratio (4 to 1 or better).

 

[antincedo]

what are some things you would use as criteria?

also im talkin indices

are BOs positive expectancy?

 

[NoProblem]

Quote from antincedo:

what are some things you would use as criteria?

also im talkin indices

are BOs positive expectancy?

Criteria? Start with longer time frames to establish some key support and resistance levels......this might also help establish a real break out vs just a jump in price right to a resistance.

As far as whether or not they are a "positive expectancy" or not, I would tend to say that they'd be more reliable in an uptrending market.

But you're talking a one minute time frame so your positive expectancy should be measured in minutes imo.


Steve

 

[antincedo]

software where i can pull up historical 1minute charts?

 

[NoProblem]

Quote from antincedo:

software where i can pull up historical 1minute charts?

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=$spx&time=8&freq=1

Goes back 10 days.