As you can see from the labels on the chart, over a 2-month period we’ve had 25 trading opportunities.
The 13 BUY opportunities came only during the uptrends, and the 12 SELL opportunities triggered exclusively during the downtrends.
If we then look closely, we can see that 24 out of 25 opportunities were profitable, allowing us to say that this simple setup was profitable 96% of the times over a 2-month period.
The only loss was the BUY opportunity number 8, which came at the very top.
Luckily though, most of the time, at market extremes we won’t get a false opportunity: consider for example what happened at the end of the first downtrend.
The price sank but at the very bottom we didn’t get any false sell opportunity 😉
Before we conclude, let us give you a few suggestions to maximize your performance.