Rule of 10 Journal

10:30 looms

Nearing the 9 -11, i expect a retracment
Will this fall to 58 ? I have no idea, all I can do is protect the gain and not let it turn into a loss if they decide to smack 58.

 

I ignore PA while in a trade, however it is a valid setup. I'm just sticking to my rules.

 

Technically shouldn't your target be 9 points then ?

 

Why would you ignore it when it coincides with a exit ?

 

How many of the 9 losers went at least 3 points in the green before going back to a loss ?

 

smells short at 72

 

Target hit
7 for 15
+40.75 total points.

 

Yes, but the key word is minimum

I'm using 3.00 for stop out + .25 for slippage / commission so I used 9.75 and rounded up to 10 for ease.

 

Many did, but also at least 1 winner (that I know for sure) would have stopped out at breakeven. I think there is a second but I am not sure.

I agree with you in managing the trade, however a journal is not the proper place to constantly moving stops.

 

What is the 15? 15 trades altogether?