On this pair too, depending on price action, we might be able to get involved in all 3 patterns.
Now that the hard job is done, I can simply monitor price action and act accordingly.
Good luck in the markets this week guys !
Stopped moved to BE, hoping for T2 (if not will be reloading to enter the yellow Cypher a bit lower)
I have about 280 hours backtesting in the bank at the moment, and many more to come. All backtesting is done manually. It's the hardest and most boring thing I have done so far, but the best to get really good at spotting patterns.
Some of the keys with backtesting that helped me :
- don't go too fast, take it bar by bar (I had to redo the Cypher backtesting on the first 2 pairs because I did it too fast and missed a bunch of trades)
- test 1 pattern at a time, on all timeframes and pairs you intend to trade. You'll see that after the dozen hours of backtesting that pattern, you'll be able to spot it really fast and accurately
- look for the losers : you want to make sure that you lower your expectation as much as possible. You don't want to end up in a situation where your live trading reveals a much lower winning rate than your backtesting did because it's gonna mess up your mind and psychology. The otherway around is much better (getting a better winning rate LIVE than you had in your backtesting).
Thanks for your feedback and question. Don't hesitate if you have more questions :)