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Hello,
I have a question regarding reversals.
Only 40 percent of reversals go far enough for a swing trade, then big TR like here
Only 20 percent get big, opposite trendSource: Video 21C, slide 19
When Al says that 40 percent of reversal trades go far enough for a swing trade, and 20 percent of reversal trades go far enough for a big, opposite trend, is this to be understood like this:
If there are 10 major trend reversal setups, 4 of those go far enough for a swing, and out of those 4, 2 will go far enough for a big, opposite trend. This would mean that half of already successful major trend reversal setups will go even further for a big, opposite trend, and only half of already successful major trend reversal setups will stay in a trading range.
I don't think this is correctly understood since Al says that those 4 trades stay in the trading range.
Thank you,
Andreas
