Hello,
Geez: I was getting worried!!! No posts from anyone except me this week so far!!!
Well: I've added the LRC's to all my charts I definitely think they have merit and I've a few orders place based on this 'addition' so let's see what happens. In my 'research' into the use of the LRC's I found on more than one website that the combination of Pivot Points / Levels and LRC's is a 'valid' 'trading system' i.e. where the upper or the lower LRC line crosses a Pivot Point / Level then that's where to place your order(s) from what I understand. With these 'trading systems' you would TP at the LRC mid point. Now think about this for a minute: our RTS is Pivot Points / Levels as we have discovered so again we're not 'messing' with the 'core' of the system so nothing should change OTHER than the fact that you have a very clear indication of the existence of a trend or the absence thereof and how you 'play this' is of course up to you.
I DO think there is a CERTAIN merit in the 'BOS' sequencing and I can see the 'logic' behind it i.e. you buy or sell and then 'hold' for a day or two and this SHOULD have an impact on the amount of profit you make i.e. normally it would (should???) be greater. The success that I'm having with the RTS as you know is based on taking profit ANY DAY that the corresponding B1 or S1 is hit. Does this minimize the amount of profit that I'm taking??? Probably. Is it ensuring that I am INDEED taking profits and not losses??? I think so (even although the profit on a trade MAY be less had I waited for another day or two i.e. 'done nothing' on an 'O Day'). That's my 'take' anyway.
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