Quote:
Originally Posted by Bocajunior
Anyway.. I think I have decided to abondon the RTS and I will tell you why I have done that. I am not saying this system can not be profitable, but it just wasn't working for me. I dont believe this system works as a "set and forget" system... i.e, you cant just place your orders every day and bugger off and see what happens... In my opinion you need to be there in front of the pc and if a price goes below a B level for instance... you could set a limit buy to be buying on the way back up and with momentum. This is just my opinion however and the way I saw it.
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Hey Boca,
I can say I wouldn't abandon RTS entirely, just be more selective in your positions. One of my personal concerns with the RTS is that no matter how you slice it, you are basically trying to predict a local top/bottom of the market, and that's near impossible to do consistently. Now, the way I typically would look to play RTS would be as you see some support/resistance approaching, I'd look for an RTS trade that is playing the bounce off that support/resistance. I know this isn't an "exact science" but it has proven itself beneficial for me in the recent attempts at it, although I doubt if I do more than 1 RTS trade per week tops, and some weeks none at all.
Hope this helps.
Craig