Rule of 10 Journal

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

  1. jagmot

    jagmot

    Moved stop slightly ahead at 1295.50 and just got stopped out.

    1 contract +5
    1 contract +5.5

    Currently flat.

    Have short setup at 1301.25, and am waiting for a new high to form in order to setup a long (current long would have been hit at 1293.50 while still in the trade)
     
    #681     Sep 2, 2008
  2. Nice trade just the same.

    Wasn't far behind you ...Sold 1300.25...2/3 bgt@ 1297.25....1/3 94.50.

    My initial entry was on 2x10= 127675...didn't get a confirmation until 1300.25 after rolling of 130350.
     
    #682     Sep 2, 2008
  3. Pekelo

    Pekelo

    Yes, I thought that would have been a nice long entry, because probably trend day...
     
    #683     Sep 2, 2008
  4. jagmot

    jagmot

    Long 2 contracts at 1286.75
    Stop 1283.75
    Target 1 1291.75
    Target 2 1296.75
     
    #684     Sep 2, 2008
  5. Next trade looks like 2x130350= 1283.50
     
    #685     Sep 2, 2008
  6. jagmot

    jagmot

    Agreed I thought (at the time) it was a good long entry as well. For now though, I just use two full stop outs in a row as my safety net to stop trading for the day.
     
    #686     Sep 2, 2008
  7. Pekelo

    Pekelo

    I thought around 1287 counting from the 11:30 high would be the next long...
     
    #687     Sep 2, 2008
  8. You are probably right...I am still at the +/- 10 and its multiples stage...will the 87 be a long or a short?
     
    #688     Sep 2, 2008
  9. jagmot

    jagmot

    Full Stop out.

    Next long entry is waiting at 1279.25

    Edit: Filled

    Full stop out.

    2nd full stop out in a row. Stop trading until 1 hr after close.
     
    #689     Sep 2, 2008
  10. Pekelo

    Pekelo

    Well, for this one I had an exit (short) signal at 1288 and for the earlier 1293.5 long at 1296, so both would have been a small winner, but I didn't want to post it so I don't mess up your trade.
     
    #690     Sep 2, 2008