Rule of 10 Journal

It worked the first time, will it work again ? That is a chance you have to decide.

 

there was a new reaction high intraday at 81,75, which then move to a new reaction low 71.50 after hours, and now a new reaction high 79.50 after hours. If you don't trade after hours does that mean you take a new long position at 69.50 intraday, providing the price doesnt make new highs or lows after hours, and ignore the fact that you should have taken a long at 71.75 thats after hours?

 

I must admit that I was a skeptic, but I am now slowly becoming a believer in this strategy as well. The results have been spectacular as traded by Jagmot. I'll continue to watch.


Edit: Special thanks to Volente for all of his insightful and experienced quotes.

 

Overnight was a 10 point winner...both 9-11 and "hard 10" methods.

Volente can go to bed now

 

This morning's high was 88.50, not bad....

So where is the next short entry? I thought 1287 would be good, because 1277 was the plateau low this morning from where it jumped...

If so we would be in the short already....

 

you are right. It was good for only 4 though. But now lets see if we get 83 to 93.

 

Just coincidence that this went 10.25 down from 81.75 before smoking the shorts?

 

LOL. There is no way that I expected a 10 point rally from that low overnight.

Oldtrader

 

Or a short in 87 to 89 range.


We either hit 91 or this fills cash gap at ~78. Or possbily both.


I would love to see 83 to 93 for a short that falls back to 78.

 

Foresight is 20/30