Rule of 10 Journal

notice how es gave you the opportunity to buy at nearly a 10 pount discount to the cash close at 1277.57.

 

I understand you point, however, and if I can use yesterday as an example, it saved my butt on at least 2 occassions...

So in affect I am bastardizing the "hard 10" system, but then again we are all using different exit points and strategies to keep the trade alive/close.

 

No...I didn't even look at it

 

Looks like hindsight.

Seriously, it would be better if you could comment beforehand. On the other hand using the same entries as Jagmot I would have ended up positive yesterday (both trade #2 and #3 went in the money and there was an exit signal), but of course one has to watch other indicators too. Nothing is wrong with taking 2-3 pts, several times that's all what the system gives. I ended up with 12 pts last week and I never had a nice 10 pts gainer...

I agree with the huge gap and the possibility of filling. That's why he should have taken smaller gains. It will be interesting to see different exits and I will be posting them real time....

 

I just did above. Previously I was papertrading the system.

 

Hope you were in on this current trade , Jagmot.

 

There are going to be trend days and I'm going to get beat up. However, I have not yet done anything like the 9/18 ma to guard against this. Currently I just use 2 full stop outs.

Its funny because both Pekelo and I both thought it was a trend day (up). If that was the case, we would not have taken the short.

Remember this is a small account for me (and I also just happen to be short in my other trade posted in ES) so I will be ok

 

Nope unfortunately not, I was asleep at the time. I would have hit target 1 on a long.

I'm going to wait until after Factory Orders at 10AM EST is released before I setup the next trade.

 

ok ...so I got my SELL 2/3 7500 adjusted s/l 7200 for 1/3...those 3 point profits make life easier...

Without letting the cat out of the bag....I been using 9/18 ( 4 minutes) for quite a while for other trades and that is one of the reasons I use my "wait" confirmation, because I am essentially going against the current trend offered by 9/18.

Essentially, I am a trend follower for which I make no apologies....nor does my wife and kids

 

Stopped out 127200 for 1/3...bit unlucky, but hey....who nooo?