- Column 1 and 2 show the no. of candles in a row (buy on top block, sell on bottom one)

- Columns P6...P100 shows the no. of successful reversals with 6..100 PIPs for the candles in row

Take 1st row: out of 216 single buy candles 185 had a 6 PIP (or more) reverse. This is a probability of 85.6%.

Now take 4th row: out of 18 patterns 4 in a row, 14 had a successful 6 PIP reversal. This is a probability of 77.7%!

I've checked other currencies and came to similar figures: there is NO SIGNIFICANT difference in probability for a successful 6 PIP reversal based on the no. of candles in a row or the color of a previous candle! For a H1 timeframe you always go with a chance of about 85% (in average) for a successful 6PIP reversal trade!

Anybody can proof me wrong?

The house in Vegas has, at best, a 52% - 48% advantage over the player.

But in BlackJack, there are times when the player has the edge based on the CARD COUNT. That's why if they catch you counting cards, you are asked to leave.

Are you saying there's an 85% chance of a 6 pip reversal trade each hour?

You know, VEGAS, would kill for those odds.

Also, are you looking at the H1 candle or summing up the M1 candles?

Thanks for sharing.