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Strategy Video: Statistics Don't Make for Certain Trade Setups

Strategy Video: Statistics Don't Make for Certain Trade Setups

John Kicklighter, Chief Strategist

Talking Points:

• Statistics can identify extreme, incongruent and opportunity-laden market conditions

• Among the many measures used, trading Stats include: correlations, performance and seasonality

• Like fundamental and technical analysis, this can be a piece of the puzzle - it isn't the puzzle itself

Want to develop a more in-depth knowledge on the market and strategies? Check out the DailyFX Trading Guides we have produced on a range of topics.

Many traders try to take as much guesswork out of their trading as possible so they are left with a strategy that generates higher-probability setups...at least that's the hope. There is comfort found in statistical analysis applied to the markets as it seems to take the responsibility out of the trader's hands. However, there may be more variability and uncertainty in these hard numbers than many appreciate. Seasonality effect, correlations and consecutive-run trends are just a few types of statistical analysis that are used regularly in the Forex and capital markets. We look at how these can be used to help identify or confirm setups - while discussing their limitations with signaling fully structured trades - in today's Strategy Video.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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