Passage
LORD, I have hoped for thy salvation, and done thy commandments.
LORD, I have hoped for thy salvation, and done thy commandments.
Psalms 119:164 Seven times a day do I praise thee because of thy righteous judgments.
Psalms 119:165 Great peace have they which love thy law: and nothing shall offend them.
Psalms 119:166 LORD, I have hoped for thy salvation, and done thy commandments.
Psalms 119:167 My soul hath kept thy testimonies; and I love them exceedingly.
Psalms 119:168 I have kept thy precepts and thy testimonies: for all my ways are before thee.
The verse centers on "lord", "hoped", "salvation", "done", and "commandments". It is saying that the verse draws attention to "lord" and "hoped", so its meaning should be read from those terms before moving to application.
The nearby context moves from verse 165's "Great peace have they which love thy..." into verse 167's "My soul hath kept thy testimonies and...", so "lord" and "hoped" belong inside that flow. In Psalms context, the local focus is worship, trust, the LORD's kingship, and covenant mercy.
A plain takeaway is to answer the verse's own emphasis on "lord" and "hoped" with trust shaped by these words, not by a vague optimism outside the passage.