The mania associated with high accuracy is something I do not understand. I have realized after several years of trading that markets are more random than Elliot Wave, Gann Charts and all forecasting analytics will have you believe. So, I looked the other way and worked to improve the RR of my trade. Accuracy as bad as 20% keeps you in the realms of profitability, which is a huge psychological relief. I do not post real-time signals because it is high-speed action and this is a purely educational blog to help my followers stay away from the myths of speculation. Apart from the obvious rewards that this system comes with, here are some reasons Why this is my HOLY GRAIL: 1. Consistent algorithmic signals with no gray area. 2. Buying low is easy on the psyche. 3. No need to track overall markets or fundamentals. 4. No need for complex technical tools or indicators.
For more information or education feel free to comment below.
Some tips for my fellow followers to scan for similar markets: Look for excessive weakness. Look for rangebound markets or extended down-trending markets. Stay away from penny stocks or stocks with extremely large market caps.
@thecoolestwavee, The basic idea is to look for failure to break through the support because a significant buying will follow, generally from "big" market players because now there will be liquidity due sell stop order cluster. Maybe, now this is just a hypothesis, the following day, people who got shaken out of the trade will rush to buy because the price bounced back from "support" which pushes the price higher. It is as simple as that. The nuances come from choosing the right stock, which requires some practice. I will be posting the same trading pattern over and over and you're welcome to learn from me here. Linda Bradford Raschke seems to be the pioneer of the pattern, I just modified it to my liking and something that suits the Indian markets.