Rule of 10 Journal

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

  1. Not that it matters much my SELL would be 1294.50 s/l 97.50
     
    #651     Aug 28, 2008
  2. Zodiac4u

    Zodiac4u

    sorry I'm coming in late in the session. If you don't mind! what is the 2X10 rule?

    Thanks,
     
    #652     Aug 28, 2008
  3. Zodiac4u

    Zodiac4u

    Not sure if you will get it! But! the 76% fib daily pivot is 77 and the 100% piv is at 1301 .75.

    Since we retraced after hitting 1293.50 and that was the 61% piv along with retracing after we hit the 50% was 1291.50 to 92.

    Just thought I would share!
     
    #653     Aug 28, 2008
  4. 2 times the low 75.50...using multiple of 10's.
     
    #654     Aug 28, 2008
  5. Zodiac4u

    Zodiac4u

    Thank you Much! By chance do you use the Daily fib pivots to support your entry as well?
     
    #655     Aug 28, 2008
  6. No
     
    #656     Aug 28, 2008
  7. Summary of trades...except for the 96.50 s/l 99.50 9-11 entry the others went down in flames...96.50 covered to break even.

    Have a peak at the 9/18 m/a 's and you will note it was a losing battle from the get-go:eek:
     
    #657     Aug 28, 2008
  8. volente_00

    volente_00



    Why would you say that ?
     
    #658     Aug 28, 2008
  9. Pekelo

    Pekelo

    I had to be away for the afternoon, so let's see how it went:

    I was correct about the rally, but that entry was still good and in 4 occassions the market went down to 1288, before finally going higher.

    The next signal was:

    1298 was hit around 13:45 and it properly dropped below 1294 in the next 30 minutes, when I had a Williams long signal, where I would have got out. So it looks like I missed a 4 pts gainer.

    Overnight long entry is 1290...
     
    #659     Aug 28, 2008
  10. The initial 1298.00 was a touch only..the reason I know is because I had sell a trade at 97.75 to close a long and thought myself lucky...one of very few occassions that I looked at the DOM.

    About half an hour later or so you would then get your fill...and you would have 3 points on a mit...just hit....or you are still alive.
     
    #660     Aug 28, 2008