Question for Grob/Hershey...

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Quote from hypostomus:

As to breakouts working gud now, that's akin to my saying months ago that oil was a leading in-dick-ator. You can lose a lot of money trying to figure out what works now. That is one of the most utterly fascinating aspects of testing: observing the ebb and flow of an alleged "system". Oh how I long for the days when "Sell the Wednesday Open" worked!
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I trade BO's all the time. I just noticed the last couple of weeks my winning percentage on them has been higher than usual, ergo my statement.
 
I did very good in the beginning of februari, then I started to bend my rules, thought this was easy. I only look at very few situations that I wanna trade, but I actually managed to fade my own set-ups :). So I ended up loosing more then I had won.

Been paper trading since then. Its at least good for practicing some stuff like holding on to winners and getting in at the exakt right time, but its so boring that I can´t find a english word that is strong enough. Tired of making paperdollars, will probably try real money next week again. I´m trying to make my small brain understand that it´s enough to win 50% of the time if you just have the patience to wait for the right situations.
 
What have Trend direction , Trend channels , Fibonacci retracement and extension levels , These have nothing to do with chart patterns , so why wish luck..... patterns work all the time..if you know what-to look for..
 
Thanks for charts Dell-boy. I will probably start trading real money on monday, I´ll post results at the end of the week. If I don´t make any money I can at least entertain Hypofysimus, so in any case someone will end the week with a smile on his face.
 
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