By the way:
I've been looking at the RTS in 'the book' again this morning (doesn't hurt now and then to have a 'refresher') to find an answer to the 'popular' question as to whether or not the 'B', 'O', and 'S' sequencing does in fact matter.
Personally: I think it does indeed make a difference.
The reason that there is 'confusion' and 'consternation' between us regarding the sequencing is because when looking at a chart you look for 'three days up and two days down' on the chart and on NO chart (or very few anyway) does this appear 'to the naked eye'. HOWEVER (and I think I've touched on this before but also chose to sort of 'ignore it'): JUST BECAUSE you can't see this 'phenomemon' on a chart DOES NOT MEAN that it's not happening. Why? Because when you're looking at a chart you're seeing the candlesticks or bars after the close. So even although you may NOT see three bull candlesticks or bars and then two bear candlesticks or bars this does NOT mean that the phenomenon does not exist and the sequencing no longer applies. The point is that EVEN IF (for example) you have TEN bull bars in succession this does NOT mean that during the rally that you're seeing in front of you that B1 and S1 were not in fact hit during that rally EVEN ALTHOUGH you can't see the see the phenomenon as plainly as three bull candlesticks or bars and then two bear candlesticks or bars!!! Ignoring this phenomenon totally (as I know I have been doing) makes the difference as to whether you end up buying or selling TWICE (at very least) (thus having multiple positions open on a single instrument or pair) in order to ensure that when your TP is hit you make a profit and it also appears that it ensures to a certain degree that you don't TP prematurely. Read carefully what actions are supposed to be performed on which days i.e. when to close out a long position and when to close out a short position and when to stop and reverse.
Again: one of those (basic) things that it would appear becomes easy to overlook or simply forget about when you think you're 'old hat' at these systems!!!
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