The above table is a summary of analysis for EURUSD for August 2011.

Analysing the accuracy of analysis is subjective in nature. For example, if we expect price to go down and it does, but spikes upwards first, deciding if this result is positive or not involves a subjective judgement. If a wave count is invalidated then the result is clearly a red “X”. If a target is reached or come close to then the result is clearly a green “tick”. Sometimes the result is ambiguous and for these situations I have judged the result neutral.

Members are welcome to comment, agree or disagree with my judgement. If you disagree with the judgement for any specific date please state why and I will consider the argument. Members will be more objective than I can about our accuracy rate and so I am more likely to go with a members judgement.

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In the interests of transparency I intend to publish a summary of each month’s accuracy for analysis.

The above table is a detailed summary of the analysis for each day. It should be read from left to right.

For example, on the 1st of July the main wave count expected downwards movement but was invalidated with movement above 1.4552. The alternate provided expected upwards movement to a target at 1.4585 to 1.4596 and price moved upwards ending 26 pips short of the target.

Second example: on 5th July there was only one chart provided, no alternate was provided. This analysis expected downwards movement to a short term target at 1.4375 and a mid term target at 1.3570. The direction was downwards, passing the short term target but not reaching the mid term target.

For some dates two lines of results are given because the analysis may have expected a turning point during the following day and a target was provided for this.

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