Читать книгу Encyclopedia of Chart Patterns - Thomas N. Bulkowski - Страница 25

So there you have it. Once you understand that I'm measuring performance from the breakout price to the ultimate high or low, then you'll understand most of the statistics in this book. You'll understand that the performance numbers are based on perfect trades, made hundreds or even thousands of times to arrive at the average rise or decline I show in Table x.2 (where x is the chapter number).

Are the results realistic? Not really. You likely won't be able to duplicate them in real life. You might do better or worse, depending on your skill and luck.

The double bottom example entered the trade the day after the breakout. If you placed a buy stop a penny above the top of the double bottom, you'd be entering at a better price (most of the time, based on my tests) than using the opening price the day after the breakout.

So you could do better than the numbers shown in this book. All you have to do is find the price of the ultimate high, weather the 20% drop, wait for a recovery, and sell at a price above the ultimate high. People who buy and hold do that all of the time.

For traders, though, it's more difficult. Finding the ultimate high in real time (as it's happening) is challenging. That's why people like me write these types of books.