Comment on Mr Consistent returning incredible returns

vicky commented on 09 Jan 2014, 08:25 PM

Hi Madan,

Regarding Breakout Failure trade, you basically do not worry if the breakout is true or false and wait for your TSL to be hit to close your position. That’s why you are referring to MM in this case. Am I correct?

By the way, in my opinion as well, you are absolutely correct if the BOF is true or false. I have seen fake breakouts and then fake BOFs and so it is advisable to stay away from such volatility and let market decide over time.

Thanks

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