A Picture is worth a thousand pips

Trading Discussion
1

Hi guys this is a quick one for you.

Many people manage to trade Price Action succesfully with nothing more than the experience they have accumulated over thousands of hours in screen time.

They developed the ability to evaluate the potential of each trade qualitatively, from the experience of similar situations previously observed.

Question

When evaluating a potetial trade; would visual examples of similar Price Action on the pair and the outcomes from history data, improve your performance.

*assuming you could electronically recall similar Price Action from history data with accuracy, using machine learning techiques. (Similar Price Action, SMA Trend lines and other visual indicator readings).

I am trying to decide if it is worth working on a tool that does just that.

2

Maybe a picture with stats. Like, “In the past, PA like this led to XYZ 60%” of the time.

Is that possible?

3
  • Visual aid will help
  • Visual aid with stats will help (thanks dudebro)
  • Visual aid will not help
  • Undecided

0 voters

Don’t be shy. Appreciate all comments and or votes

4

Yes that is possible and a great idea!!! Thanks for the comment.

5

I think it is a great idea. You can give the tool a try to see if it works for you.