
As you can see, some meaningful 'heat' was taken on the first position but focused back-testing gave me the confidence to add a second position, at the right support level, then hold my nerve as the pair double bottomed, finally taking the 'easy pips' for profit at a resistance level that my testing has determined is as close to a statistical certainty as one gets.
I'm not saying that it wasn't difficult to stay with it and I don't blog this to brag, I do so simply to illustrate the power of confidence.
Had I bottled it when the pair double-bottomed I'd have worn a 9% loss. By trusting my testing I booked a 12% profit on the trade.
The question is, "would you have hung in there ?"
And if the answer is even possibly "no", then get stuck back in to your back testing !

No comments:
Post a Comment