Rule of 10 Journal

Discussion in 'Journals' started by jagmot, Aug 6, 2008.

  1. up 7 points? isn't that the time to take half of your profits and move stop to capture at least 2 or 3 points on remainder?
     
    #251     Aug 18, 2008
  2. volente_00

    volente_00

    yes but the only problem is we are hovering right at 9.5 from 1306,

    what to do

    what to do
     
    #252     Aug 18, 2008
  3. volente_00

    volente_00

    so what did u do
     
    #253     Aug 18, 2008
  4. volente_00

    volente_00

    trend = trail

    let the market come to you.
     
    #254     Aug 18, 2008
  5. Pekelo

    Pekelo

    Up 9 pts, I say we take it!

    Because what Volente mentioned, this could be a long entry too...

    Edit: Already below 1294, so the position is exited at 9 or 10...
     
    #255     Aug 18, 2008
  6. thanks, vol. takes real discipline though.

    94.00 obvious chart support from Friday afternoon and overnight from Sunday.
    but still just seeing lower highs and lower lows.

    not easy for me yet.
    have to work on discipline.
     
    #256     Aug 18, 2008
  7. Nice hit...Sold@1304.00 Bought @1294.00

    Incidently, Jagmot I think the max. consecutive losses stand @ 2.
     
    #257     Aug 18, 2008
  8. volente_00

    volente_00

    you hit the nail on the head.


    possbile 10:30 reversal in the works
     
    #258     Aug 18, 2008
  9. volente_00

    volente_00


    "I aint worried bout a thing
    cuz i just hit me a lick
    i got a fat sack and a super fly chick
    and (uh uh) there aint naithin you could say to a playa'
    cause doo wop, she fly like the planes in the air"



    http://www.youtube.com/watch?v=kqWzWMhaKtg
     
    #259     Aug 18, 2008
  10. jagmot

    jagmot

    Unfortunately, this trade was stopped out. Remember while in a trade we ignore price action.

    2nd trade
    1305.75 overnight night
    Long 1295.75
    Stop 1292.75
    Target 1305.75

    2nd trade stopped out as well
    Trade entered at approximately 9:45EST

    2 stop outs at -3.25 each or -6.50 total

    journal results so far
    5 of 14
    +20.75 points total
     
    #260     Aug 18, 2008