I have analyzed 1300 forecasts and signals that I shared on TradingView last year and found 95% accurate trading confirmation.
In this article, we will discuss multiple types of confirmations and their winning rate on Forex, Gold, Indexes, Crypto & Commodities.
First, let me introduce you to the types of analysis that I provided.
1 - Structure based forecast
I have shared more than 55 trading setup with key levels analysis: Where the price is approaching a key daily horizontal support and resistance.
Here is the example of such a post.
Test of a key horizontal or vertical support/resistance turned out to be a poor trading signal. Total accuracy of structure based forecasts is 38%.
Please, note that if we consider the market trend in our calculations,
the trend-following structure based setup will be 42% accurate, while a performance of a counter trend setup drops to 35% 2 - Structure breakout based forecast
I analyzed and posted 73 posts with a key structure breakout as a confirmation on a daily.
Above is the example of a such a forecast.
Key levels breakout turned out to be a strong bullish or bearish confirmation with 59% accuracy. Trend direction did not affect the efficiency of a key structure breakout that much, with a 60% accuracy of a trend following setup versus 57% of counter trend.
3 - Structure based forecast with a single intraday confirmation
I shared more than 500 setups with a test of a key structure on a daily and a single price action based bullish or bearish confirmation on a 4h/1h time frame.
My intraday confirmation is a formation of a price action pattern with a consequent breakout of its neckline/trend line in the projected direction.
Please, check the example of such a signal.
Just a single intraday confirmation dramatically increases the accuracy of a structure based setup. Average winning rate is 66%.
4 - Structure based forecast with multiple intraday confirmations
I spotted and posted 200+ forecasts with a test of a key structure on a daily and multiple price action based bullish or bearish confirmations on a 4h/1h time frame.
Multiple confirmations imply the formation of multiple price action patterns on 4/1h t.f.
Here is the example of such a setup on EURGBP.
Two or more confirmations on a key structure increase the average winning rate to 72%.
Among multiple confirmations, I found a 95% accurate bearish signal:
The market should be in a bearish trend.
The price should test a key daily structure resistance.
The market should form a rising wedge pattern on a 4h/1h time frames and the highs of the wedge should strictly test the key structure and should not violate them.
After a test of structure, the price should form a bearish price action pattern on the highs of the wedge.
Above is a setup with the best trading confirmation.
A bearish breakout of the neckline of the pattern and a support of the wedge was a 95% accurate trading signal this year.
Of course, there are various confirmations, depending on a trading style. The ones that I shared with you are structure/price action based.
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