Note: I am NOT a consistent profitable day trader, yet. Please take what I stated below as my own personal experience and thoughts. Here is a chart of double bottom and double top all over the place. They are easy to find. What will you do when you find them? You still need a way enter the trade and manage the trade and you need to record each trade to calculate long term profitability.
Tradex, You are exactly right! Many people have good trading ideas, noone wants to back and forward test for XXX to X,XXX trades.
indeed. trading double tops double bottoms https://yippy.com/search?query=trading+double+tops+double+bottoms -
Good point my man. You know why? Because most traders want to keep their illusions and dreams intact, they don't want to backtest their trading ideas and discover that they are worthless, or mediocre at best. In other words, they don't want to face reality.
True, these double top/bottom formations are everywhere, and most of them are fake or very short-lived (meaning they never reach their measured move target). In both cases they hit your stop without mercy.
meanwhile more charts from all! Especially Non-Workings! Text is cheap, lol. hey, where's your charts? hey, where's your backtest parameters? how to construct backtest parameters https://yippy.com/search?query=how+to+construct+backtest+parameters i like it. do carry on with this essential aspect of trade plan development.
Tradex, Note: I am NOT a consistent profitable day trader, yet. Please take what I stated below as my own personal experience and thoughts. Yes, when taking those reversals double top and bottom, its best to aim at RR > 1 because trading against current trend, so low odds of a win.