Monday, June 30, 2014

Profitable Patterns: #GAYA

This week's profitable pattern is #GAYA. This is a relatively uncommon pattern sequence, returning about half the number of matches a pattern typically returns.

It's not a pattern to use at Weak or Weakest match settings, but improves at Neutral and Strong (best) matches.  Unlike #JBFC, this is not a short term pattern to use on a 5-bar forecast, but is best utilized as a screen for longer term trades.  The 44% probability for a 15% gain vs a 5% loss is attractive.

A daily scan of this pattern returned a number of matches.

Some of the chart matches, with the targets and stops for each are given below:

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