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The RDS Forex System: A Breakthrough Method To Profiting from Market Turning Points by Stephanie Radkay, Michael Radkay

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CHAPTER 8

Risk Tolerance and Developing a Feel for Price Movement

Mike's football coach at Mt. Carmel High School in Chicago used to always say, “If it's to be, it's up to me … do it right!” In our opinion everyone has the ability to develop a feel for price action. Although we have been around the markets for quite a while now, trust us, we were not born with these special qualities. They were born out of sheer hard work and experience which, in turn, we used to develop the Rotating Directional System (RDS) strategy, thus enabling us to navigate the markets with success.

In the previous chapters we discussed the fundamentals which give us the confidence to put on a long or a short position. Now we will begin to further develop timing techniques to help discover when it is appropriate to apply those ideas. We will be sharing with you the five rules that consist of the RDS strategy, developed by Mike over the first several years he spent in the business.

Since we are both athletes, we find it easy to relate our trading to athletics and competition. We don't have the same athletic background, but the analogies still provide clarity. It doesn't matter whether you've played a team sport or an individual sport or haven't played one ever, we all at one time or another face an opponent in life, and it's all competition and only one team or person can win. Even though trading seems to be an individual endeavor, we found through our experiences on the trading floors that there are clear ...

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