ilmscore | TECHNICAL ANALYSIS DOES NOT WORK!.. (Here Is The Missing Piece To The Puzzle))

Predictions from this Video

Total: 12
Correct: 0
Incorrect: 0
Pending: 12
Unrated: 0
Prediction
Topic
Status
The speaker's trading strategy achieved a 59% win rate in 2019, with an average of 55% in other periods.
"I'm gonna bring up the actual spreadsheet from the email analysis program and in it you will see that we win about 59 percent of the time so far in 2019 that's a great winning percentage for us most of the time it's closer to 55"
Trading Strategy
Pending
The speaker's trading strategy has an average risk-reward ratio of 1.16, a 59% win rate, has yielded approximately 72% profit, and experienced a 19% drawdown.
"we have an average risk reward of 1.16 a winning percentage of 59 percent we've made about 72% we've had a 19% drawdown"
Trading Strategy
Pending
It is highly recommended for traders to risk a maximum of 1-2% of their account balance per trade.
"it is highly better for any trader including myself to risk one two at maximum percent of their account"
Risk Management
Pending
A risk management plan should be designed to withstand losing streaks (e.g., 40 out of 100 trades) without causing emotional instability or account depletion.
"you lose 40 out of 100 trades in that scenario not that's not an exact science of course but just for example sake you lose 40 out of 100 trades your risk management plan needs to be small enough needs to be appropriate enough that you losing those 40 trades no matter how many of them come in a row you stay sane you say you stay disciplined and most of all you don't lose your entire account or get to a point where you can't trade anymore because you're emotionally unstable."
Trading Strategy
Pending
Hammer and shooting star candlestick patterns, when traded in isolation, have an accuracy rate between 51% and 54%.
"54 sometimes as low as 51% accurate is what these candlestick patterns are if you just trade them by themselves"
Candlestick Patterns Accuracy
Pending
Trading every instance of double tops or double bottoms without additional criteria will result in a losing strategy.
"if you take and test every single double top you see and every double bottom you see you will have a losing strategy if you trade every single one of them you will lose money"
Double Top Pattern Accuracy
Pending
Following a breakout of a flag pattern on a daily chart, the speaker began seeking long trading opportunities.
"once we broke out of this flag pattern I started looking for long opportunities"
Flag Pattern Breakout
Pending
The trading strategy discussed in the video achieved a 59% win rate in 2019.
"we win about 59 percent of the time so far in 2019"
Trading Strategy Effectiveness
Pending
The trading strategy discussed resulted in approximately 72% profit in 2019.
"we've made about 72%"
Trading Strategy Effectiveness
Pending
The maximum drawdown experienced by the trading strategy in 2019 was 19%.
"we've had a 19% drawdown"
Trading Drawdown
Pending
It is recommended to risk a maximum of 1-2% of the account balance per trade.
"it is highly better for any trader including myself to risk one two at maximum percent of their account"
Risk Management
Pending
Individual candlestick patterns like shooting stars and hammers have an accuracy rate between 51% and 60%, depending on the currency pair, when traded in isolation.
"54 and 60-ish percent of the time depending on the currency pair 60 being the best currency pair there is to trade these types of candlestick patterns on between 54 sometimes as low as 51% accurate is what these candlestick patterns are if you just trade them by themselves"
Trading Strategy Effectiveness
Pending