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we are now in potential extreme volatility periods, so you want a PT that is possible but unlikely to hit
Similar issues with stops. Some users make systems that have worked historically with very tight stops.
When you hit ideal trading conditions of high volatility, good trending - a great system with tight stops will normally fall apart.
It gets the direction right, but gets stopped out.
You can test this yourself on GSBSYS1es which is now 3 years out of sample.
Thanks received (1):
+1 SwedenTrader at 2021-01-11 00:32:13
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Slightly related. Larry Williams did a free youtube chat a few months back about the possible election outcomes, how a win of each party might affect
the market.
Larry I think tried unsuccessfully to get elected in the democrat party. In my opinion (i only quickly viewed the video) it was not full of the usual
BS that someone of a particular party would give
(My point is that all political parties give very biased views (and its hard to escape our own bias))
The short story is he said a change in government historically leads short term to less volatility. the logic was its takes a newer government longer
to make changes as they have to start a lot of things up which takes time.
We have a situation that near zero interest rates forces people into stocks, and USA stocks are way over valued -> decent future market retracements.
Thats my UN-studied opinion, but Larry is very bullish in general, but havnt looked at his newer forecasts. Printing money also is bullish for the
stock market.
I make no claim to be a market forecaster at all. Its my uneducated thoughts.
Thanks received (2):
+1 Bruce at 2021-01-11 01:31:44 +1 SwedenTrader at 2021-01-11 00:32:26
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