ORIGINAL: Dnk
Darrel, one essential thing you are not doing with your method is lubricating the string fibers. I prefer Dalton 200 High-Speed Bow Wax and Conditioner. It really does not leave a gummy residue. It is the slickest string conditioner I've seen todate. It also has the right consistancy to penetrate the serving and soak into the fibers.
Don
I also wax my string quite frequently. I use a high quality string wax and rub it in with a piece of buckskin to heat it and blend it into the string. I use the dry flim Teflon on the barrel.