Rule of 10 Journal

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

  1. volente_00

    volente_00


    I have stated this all along.

     
    #361     Aug 20, 2008
  2. I hadn't seen that post vol, i was just chipping in my 2cents !
     
    #362     Aug 20, 2008
  3. volente_00

    volente_00

    So why 10 ?

    Anyone care to guess the importance of the 10 multiple ?

    What is the correlation to ?
     
    #363     Aug 20, 2008
  4. 100 Dow points
     
    #364     Aug 20, 2008
  5. volente_00

    volente_00



    We are talking ES and S&P.
     
    #365     Aug 21, 2008
  6. Yes, I know.

    You asked what 10 ES points correlates to, and I replied that it correlates to 100 points in the Dow.

    Obviously, that wasn't the answer you were looking for. :D
     
    #366     Aug 21, 2008
  7. volente_00

    volente_00


    If this is true, and s&p had a range of 14.85 today then why was the dow range 163.57 and not 148.5 if there is a correlation ?
     
    #367     Aug 21, 2008
  8. volente_00

    volente_00

    Hint



     
    #368     Aug 21, 2008
  9. Prevail

    Prevail Guest

    because no correlation is perfect. volente is right as a whole.

     
    #369     Aug 21, 2008
  10. monti1a

    monti1a

    That is the post of the day.....I think it would be wise to listen to Volente as he has traded the system for more than a mere couple of months...One of the biggest mistakes traders make is the Crime of Small Numbers.....which is simply trying to draw a conclusion from a small sample size.......This market will eventually change it's colors, and when it does, you must be prepared.
     
    #370     Aug 21, 2008