This week is a crucial week for US indices I think especially end of the week. If we are going to see extreme Dow soon, the market will let us know.
The volatility is expected to pick up so money can probably be made in both directions with 1000+ points move again. I personally would not go long for a couple days. There are positions trapped right now going long from last week so I would guess some will be forced to endure some pain, unless they volunteer to take losses.
as explained earlier in the thread the cumulative risk reward ratio (auto calc'd on a spread sheet) plotted on the chart with the win rate is absolutely fool proof in revealing if a strategy is profitable of not. Also if you make any changes to the strategy the result will show up quickly in the stats so revealing whether the change was advantageous or not.
Without hard statistics people have a habit of misleading themselves as to how well they and their strategy are really doing.
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