T day boys did there job,
reversed and now short at 28
stop is 31
reversed and now short at 28
stop is 31
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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out half at 23
stop to be
stop to be
murdered?heh
I remember those days.those were vicious rallies.
that one time I think it was a JUly 4th weekend and we had a 4 hour session.I think the ES opened flat and rallied something like 80 pts in 4 hours.Just went straight up from the open to close.YM went up something like 500 or 550.
It was incredible.
Just had a quick look at the daily charts from that time. I really didn't see a definitive long bias on T and Th. My feeling is that anyone who gets their head handed to them in the markets is not using proper position sizing. It is nearly impossible to get whacked when position sizing is correct and stops are outside the noise.
Using T day theory is probably ok if properly sized, as with any strategy. I do not subscribe to T day Theory however or rule of 10. They rely on timeframes that are much smaller than I am interested in.
Quote from Buy1Sell2:
Just had a quick look at the daily charts from that time. I really didn't see a definitive long bias on T and Th. My feeling is that anyone who gets their head handed to them in the markets is not using proper position sizing. It is nearly impossible to get whacked when position sizing is correct and stops are outside the noise.
Using T day theory is probably ok if properly sized, as with any strategy. I do not subscribe to T day Theory however or rule of 10. They rely on timeframes that are much smaller than I am interested in.
Then use the multiple
market went 1220 to 1576
35.6 rule of 10's for ya
out at 1320 on rest
rule of 10 long signal 1318
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