ES Journal - 2012

[ammo]

Quote from tortoise:

In fairness to Mr. V, he has a couple of times. As I understand it, here t'is

ES tends to retrace 10 points from a "major" intra-session inflection point.

What constitutes "major," however, is your call.

at the moment its 44 ,10 points off the night session low

 

[tortoise]

Quote from ammo:

at the moment its 44 ,10 points off the night session low

yeah, but 34 was r10 off 44, so it's see-saw then?

My problem with r10, in a nutshell

 

[JoshDance]

Quote from JoshDance:

sim short 42.25 stop 44.25

target 1: 39.00
target 2: 35.50
target 3: 31.00

 

[ammo]

Quote from tortoise:

yeah, but 34 was r10 off 44, so it's see-saw then?

My problem with r10, in a nutshell

its just another tool,if u use it enough it gets simpler,if use it rarely,you will have a a fuzzy understanding of it,i know how a crane works but a crane operator can place the tip of it on a dime

 

[JoshDance]

Quote from JoshDance:

target 1: 39.00
target 2: 35.50
target 3: 31.00

target 1 hit, +3.25
stop on final 2/3 to 42 (BE+0.25)

 

[tortoise]

Quote from ammo:

its just another tool,if u use it enough it gets simpler,if use it rarely,you will have a a fuzzy understanding of it,i know how a crane works but a crane operator can place the tip of it on a dime

lol. that's a clever analogy. thanks for the smile.

 

[Trvlwanderer]

Quote from tortoise:

In fairness to Mr. V, he has discussed it a couple of times. Somewhere, there's a thread about r10. In any event, as I understand it, here t'is:

ES tends to retrace 10 points from a "major" intra-session inflection point.

The definition of "major," however, is your call.

Isn't that what I said?

I agree that the see saw effect is troubling, but the second swing usually gets disregarded. At least that's the conclusion I came up with forward testing different swing highs and lows.

I should clarify my statement on "caution" of entering around an R10. The point was not to long at an uptrend exhaustion at r10 because it may reverse, and likewise for a short.

 

[JoshDance]

Quote from JoshDance:

target 1 hit, +3.25
stop on final 2/3 to 42 (BE+0.25)

out for +.25 and +.25 on final 2/3, total +3.75

 

[tortoise]

Quote from Trvlwanderer:

Isn't that what I said?

I agree that the see saw effect is troubling, but the second swing usually gets disregarded. At least that's the conclusion I came up with forward testing different swing highs and lows.

I should clarify my statement on "caution" of entering around an R10. The point was not to long at an uptrend exhaustion at r10 because it may reverse, and likewise for a short.

Yes, we were posting sorta simultaneously. If I'd seen your post I wouldn't have thrown up mine.

Frankly, I like yours better.

 

[gmst]

Quote from Trvlwanderer:

caution around areas that are 10 points from a swing high or low. If you are long approaching an r10, look at taking a couple off.

Use caution entering a position near an R10...you may take some unneeded heat early in the trade.

At least that is my take on it.

Thanks Trvlwanderer and Tortoise . that was helpful

I will do a search on R10 thread!