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For a guy who's never been an IB customer, you regularly seem to show up in IB threads with a negative opinion based entirely on hearsay. LOL. Amazing. And you say you have no "axe to grind"? That seems to be exactly what you're doing. OldTrader

There's nothing to defend. IB takes a snapshot of the data every 100ms. It's no secret that IB does that...they say so themselves. Some of the commentary in this thread is wrong in terms of the frequency of the snapshot. It's not 3 a second. It's 10 a second. So periodically it will miss a...

Sorry to throw you. I wasn't attempting to say how it should be, or what the best thing to do was, or what I would do if I were in the situation, or for that matter, what you should do. What I was trying to say is that jagmot's method is that be closes out 10 points from his entry...

Just remember, that when you take the smaller profits, it means the entry has to be that much better. Taking a 10 point profit means you only have to be right less than 1/3rd of the time. OldTrader

DVR solves the problem. OldTrader

I don't see how he would have covered a 92.50 short at 83.00. My understanding of his strategy is that it's completely mechanical. Therefore, his buy would have to be at 82.50. That said, even if he did cover, he then resets his entry levels at that point. I've never seen him do a stop and...

Good question. The way jagmot does this it wouldn't be a long signal, because he's still short and did not get the full 10 points from his short at 92.50 or so. As you may recall, he ignores price action while he's in a position. I had a buy in at 1283 personally. It touched it, but I...

I think this is where your discretion comes in. I think you're going to find that there will be various wiggles along the way to the R-10 spot, which you could conceivably use to adjust your entry. The problem is that you can adjust yourself right out of an execution. There comes a time...

I see. Just an opinion, but it looks to me like the rule of 10 is doing well all by itself. It doesn't look like it needs help from the bollinger band. That bollinger band probably would have got you out of what turned out to be a very successful long trade yesterday. Keep in mind I know...

Long signal based on what? Not the Rule of 10 I trust. OldTrader

I think these guys are using 5 minute, 24 hour charts. So based on that there were 2 reactions down to about 1283 between 7-9 CST. This then gave an upside entry of 1293. At least that's how I would look at it. That low of 1282.75 on the RTH chart is actually one of those reaction lows...

I guess that's all you really need to know! LOL. Very nice call the other day. OldTrader

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

Gotta tell you, I'm in front of my screens from about 7:30AM CST to 3:15PM CST, every day, for years. That's plenty as far as I'm concerned. If I carry a position overnight, I don't watch it. LOL. As far as the strategy, I like the fact that it has you buying weakness, selling strength. I...

Between you and me, I've never really used the 24 hours charts anyway. And in that regard, just using RTH charts seems like it works fairly well too. For instance, yesterday's last swing high during RTH was 1275.25. This morning we opened slightly over 10 points under that level at...

Pretty much just moves straight down from the highs of 75.50 to 65.50 around 3:50 AM EST. The biggest intervening rally took place around 3 AM EST of 2.50 points. I didn't think you would reset for a small rally like that. Maybe I don't understand it yet. OldTrader

My belief is that jagmot would have taken a 10 point profit just now had he been long (which I believe he should have been). LOL. Just my opinion though. Obviously I don't know jagmot's technique like he does. OldTrader

I would have thought you would have been long from 65.50. And therefore would not be taking the short. In fact, I would think you'd still be long since it didn't hit your 10 point target. OldTrader

That low of 60.50 was just after 10 AM EST this morning. Since then we've been to 76.00, back down...alot of fluctuation. Why would you be calculating anything at this point from 60.50? 63.00 was the reaction low. Since I posted, we've got another low of 65.75. I'd calculate my entry from...

I don't see any way Jagmot could have a sell at 70.50. Last reaction low was 63.00. OldTrader