Well, there were 4 inside bars before the trade triggered to the long side and this coming after a nice gap up.....so it all comes down to "faith".
Faith is defined by the Webster as:
1. belief or trust: belief in, devotion to, or trust in somebody or something, especially without logical proof.
2. religion or religious group: a system of religious belief, or the group of people who adhere to it.
3. trust in God: belief in and devotion to God.
4. set of beliefs: a strongly held set of beliefs or principles people of different political faiths
5. loyalty: allegiance or loyalty to somebody or something [13th century. Via Old French feid < Latin fides "trust, belief"] keep faith with somebody or something to be loyal or true to a person or promise, keep the faith do not despair regardless of what may happen.
Without "faith" you are just drifting around chat rooms looking for the holy grail to no avail. Trying anything or everything that you come across, but to no avail. Being lead by someone you think can turn the corner for you, but to no avail. There is a saying that, He will put you on your back so you can look in the right direction, how far are you from being put on your back????????
Posts
1 comment:
Hey cometguy. In your backtest of the last 32 days you said 71% of the days the trade went more than ten ticks and with a 3 to 1 ratio you would have had a nice profit. But you didn't mention what kind of stop you would need in order to be successful with those trades. Your stop is really the risk. So if you're going for 10 ticks, you'd have to put in a 3 tick stop which isn't practical.
Post a Comment