Yes, after today has already traded above yesterday HOD, it is 100% guaranteed that today traded above yesterday HOD.
Sure it's 100% guaranteed.
But I want to make money forward.
Not call a break that has already occured.
AFTER that fact is 100% guaranteed, THEN buy a deep pullback down ...to the open ...on a day when it's confirmed today ALREADY broke out above yesterday HOD.
Yes I said it.
Buying at the open,
After the break (event),
Gives 2/3 chance of ending in the money.
Aka, Settlement > Open.
No it's not guaranteed today will return and break out above yesterday HOD a SECOND time. But it is confirmed u can't see the value in requiring your crystal ball components be 100 % correct in the predictions which they do predict....with 100% accuracy.
No it's not guaranteed.
Often it even breaks the low.
Otherwise I wouldn't ask for backtest.
I don't understand the following. Sorry.
and it's mind numbing u can't see the validity of buying the open, on a day that's guaranteed ALREADY broke out above yesterday HOD. ...and simply pulled back a bit to allow those smart enough to recognize the ultimate buy the dip setup, to get in at the open.
I see the validity.
As I said earlier 2/3 vs 1/2 chance of ending in the money.
Plus more points if bullish. A looser SL ...
But from Daily HOLC ... Can't tell.
Sometimes it doesn't pullback,
Especially that far.
So for the backtesting I buy the break out.
I said I'll add my touch !!!! Read !!!!
If buying the break is Okay,
Buying the open (Aka LOWER)
Can't Be Worse !