Rule of 10 Journal

Looks like we got quite a battle here around 1270, buyers are coming in at 1266 and sellers at 1272.

Edit: I jinxed it

 

Market got our stop. -3.25 (.25 is for commision and slippage)

Journal results
7 of 16
+37.50 total points

 

Jagmot,

great journal you have here..I've been following it since day one.

I was wondering if you could go over in more detail how you are determining the reaction highs and lows. I'm still having a hard time seeing them since they are not always the exact Pivot Highs or Pivot Lows...maybe some pictures would be nice as well..

Thanks in advance.

 

Do we have a SELL @70.50 s/l 73.50 or do you have wait?...this is where I get a little "muddled".

 

If so, would now adjust my s/l to 70.50

 

I don't see any way Jagmot could have a sell at 70.50. Last reaction low was 63.00.

OldTrader

 

And that is why I get alittle muddled as on a "hard 10 " basis it shows a low of 60.50 +10 =70.50..therefore a "trade"...if I am wrong , please advise.

In essence, I am avoiding the reaction high/lows for the time being.

 

That low of 60.50 was just after 10 AM EST this morning. Since then we've been to 76.00, back down...alot of fluctuation. Why would you be calculating anything at this point from 60.50? 63.00 was the reaction low. Since I posted, we've got another low of 65.75. I'd calculate my entry from one of those. But I'm not the expert. Maybe jagmot, or volente will happen by to confirm.

Oldtrader

 

I would be even as 70.50 got hit...

 

I try to post in advance but I was working on a few other things here and wasn't watching the market. Sorry. Yea I would have the short ready at 1275.75 as that was the last reaction high.

Did not get hit yet.