Hi Randon (we were obviously 'overtyping' each other),
I also know THAT feeling well i.e. watching the platform 24/7 and being 'tempted' although I think I HAVE at least learned to do NOTHING other than just watch!!!
Further to what I said about the 'B', 'O', and 'S' sequencing:
I thought I'd just share this with you all:
The reason that I'm convinced that the 'B', 'O', and 'S' sequencing has merit is BECAUSE with me trading the way I've been trading the past two weeks I have INDEED noticed that let's say the price of an instrument or pair is going in the direction of B1 (for example) I'd then be placing an order to buy at B1. However: at the same time I've now and then taken a sort of 'cursory' look at the 'B', 'O', and 'S' sequencing and many times I have INDEED noticed that when the buy order (in this example) is executed on what SHOULD / COULD be an 'O' or an 'S' day the price has continued to move against me for yet another day (sometimes longer) before turning. As stated previously: I've just been adding to the position every time this has happened i.e. adding at B1 the next day (in this example) BUT even with having doing that you'd STILL be better off with a single position than with a double position when your TP is hit i.e. more profitable with a SINGLE position BUT a single position taken on the 'right' day' at the 'right' price as opposed to having a DOUBLE position that TP's early.
The BIGGEST problem from what I can see is where to START the 'B', 'O', and 'S' sequencing. The example in 'the book' is a LOT clearer than you normally find in practice as you've all no doubt noticed. One idea that comes to mind is to AT FIRST place an order on ANY given day and depending of which order gets hit that day you start your 'B', 'O', and 'S' sequencing from there e.g. if your buy order gets hit then that is designated a 'B' day and from thereon you keep the sequence as per 'the book'. Of course there is also the LRC method as I described in a previous post.
Aside from ANYTHING else the absolute 'key' here (with the RTS) is the ADX/ADXR values (which I've been largely discounting for the past two weeks as previously noted).
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