ES Journal Archive (2006 - 2008)

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Quote from tomahawk:

You are supposed to miss the run (sort of) ... first you have a pivot, then it goes 10 points one way or the other, then you FADE the 10 point move. The play is the fade of the 10 point move. The pivot simply marks/identifies the start of the 10-point move which you are going to fade.

I better shut now up or Volente might kill me. :)


Here's what I don't get about the rule of 10 --- under this logic, one would now be short at 1395 or so. Anyone short at 1395 or so???
 
I did not post in real time, so I can not lay claim to where I am long from today. However I will tell you that my current stop is 1390.75. For journal accounting purposes we'll say I am long right now from 1396.75(current market price) with a stop at 1390.75. One unit size

Long 1396.75
Initial stop 1390.75
 
Quote from tortoise:

Here's what I don't get about the rule of 10 --- under this logic, one would now be short at 1395 or so. Anyone short at 1395 or so???


how does 83.25 + 10 = 95 ?





83.25 to 94



so say one shorted 93.25 and was inflexible.

it then pulled back to high 89's



short signal is now at 99 from 1389



btw, how did that 84 signal work from last night ?


:)
 
that's a very helpful explanation, actually. thanks...


Quote from volente_00:

how does 83.25 + 10 = 95 ?





83.25 to 94



so say one shorted 93.25 and was inflexible.

it then pulled back to high 89's



short signal is now at 99 from 1389



btw, how did that 84 signal work from last night ?


:)
 
Quote from volente_00:

as I mentioned before.

yes, indeed.

you've actually sparked something in my tortoise-brain re: systemized management of rule-of-ten signals. i'll post something later so you can blast it shreds...:p
 
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