Mr. Hyde wrote:Don_xyZ wrote:Mr. Hyde wrote:
I just kinda meant that I jinx myself whenever I post them on Kreslik. But this one definitely played out.
The beef I had with RTM and S/D trading in general is with entry timing (& mechanism), SL and TP. In this sense, I'm a mutation that everyone hates. And especially when they see me generates crazy R. RTM lays out a very good foundation for S/D but I never go with the herd. RTM's stuff works but my fav is obviously the FTR, my style.
So what exactly would the beef be with entrt timing? The set and forget or the dropping to a lower timeframe and looking for a entry? I would think the entry would be the thing everyone loves about S/D.
So what is the basic level of your FTR style? What's so different?
Hahaha...I'm sorry for the fans of set and forget style but I really think the idea is Uber ridiculous. The market is dynamic and a million thing can go wrong even if you get the direction correct. Price could hit your SL first and then turn right away to your profit direction. This scenario is pretty common. If you are there when it happened you could re-enter the market and bank. Number 2 is, set and forget can work magnificently if you have a big SL. Clearly not my alley as I tend to maximize my time and gains to the point of extreme efficiency. If anyone is fine with those points from RTM then they should go with RTM Orthodox.
I have strict conditions before I deem a FTR is valid or not while RTM Orthodox is basing it purely on chart patterns. This already made astronomical differences.
Dropping down to a lower tf is 101 but I do it differently, that's all.