Risk/reward here heavily favors the short side. The average drawdown is nearly 4 times the size the average run-up. Also notable is that every instance saw drawdown of at least 0.35% the next day, but only 1 of the 16 instances saw run-up of at least 0.35%. Futures are up 2.5 points right now about an hour before the open, but there may be some headwinds based on this pattern.
16 comments:
Dear Sir,
Your samples are very small to have any meaning. Please write up something to explain to us why you think 16 past trades should mean something. Most of your posts deal with very small samples. I hope you realize the problem of statistical significance.
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