ES Journal Archive (2006 - 2008)

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what do we have tonight. rule of 2 or 4? how about rule of 10,20
30 or 40? tonight what are we using for the rule of 10 levels? are we using the after hrs lows and highs are are using yesterdays highs or lows? hell why not use sunday nights highs and lows. are sometimes we can use previous resistance levels. how about 10:30 reversals. lets throw in some t theory days. i think the above covers about anything that can happen during a day. so whatever happens tommorrow i'll be able to say "see i have it covered"automate the above and throw a ribeye on the grill and and sit by the pool and count your money all day. ain't life great. bottom line is each person must develope there own skills and
comfort levels.
 
The rule of 10 works great, when it works; however, that is not always apparent until after the fact.

Nevertheless, I believe the rule has merit. I have seen the rule work well in many other instruments than ES.

I have seen it work in the NQ, since many moves are covered in 10, 20, 30, or more points.

I have seen it work in the Russell.

I have seen it work in the Dow (more like rule of 100).

Heck, I have seen it work best in the Hang Seng. I would not call it the rule of 10 there, but rather the rule of 100.

The rule is a good tool to keep in the toolbox, but any good toolbox needs more than just 1 tool.
 
Quote from jagmot:

Why is 2% the magical number? I rarely use more than 1.5% of my TLNW, but I know others who use 3-5%.
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I'm still waiting on the answer for what the defintion of tlnw is in b1s2's mind ? Are other postions included in figure net worth ?
 
Quote from iloveoptions:

With all due respect, but other than telling us what this rule have done after the fact, how come you don't post precise entry and exit with stops like everyone else to keep this journal honest? I mean it only makes your rule more credible, no? Or do we just assume it.
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Because by doing so you learn nothing from it. From my methodolgy you already know I use a 3 point stop. I posted 3 signals today right at the exact time they materialized 1410, ~1401 and 96.5 and gave our my reasoning on why they were valid. I'm still puzzled and trying to figure out why some people get it and are able to make bank trading this while others see nothing. If it did not work, i would not get the pm's that I get all the time. This journal is about expressing your trading style and showing others what works from you. To each their own.
 
Quote from smilingsynic:

The rule of 10 works great, when it works; however, that is not always apparent until after the fact.

Nevertheless, I believe the rule has merit. I have seen the rule work well in many other instruments than ES.

I have seen it work in the NQ, since many moves are covered in 10, 20, 30, or more points.

I have seen it work in the Russell.

I have seen it work in the Dow (more like rule of 100).

Heck, I have seen it work best in the Hang Seng. I would not call it the rule of 10 there, but rather the rule of 100.

The rule is a good tool to keep in the toolbox, but any good toolbox needs more than just 1 tool.
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The skeptics can't even get it in ES and now you want to flood them with a universal concept about markets around the world.

:confused:
 
Quote from Rtrader2525:

I really enjoy reading this journal and I always notice the "rule of ten" being talked about. what exactly is the rule of ten
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page 5089 of this journal
 
Quote from volente_00:

Posting a trade so others can copy teaches nothing. Teaching others what your method is at least gives them a chance to look into your mind and understand the basis for your methodology. I've already proven that you can give someone your exact trading methodology and it is possible that they can't replicate the results while others given the exact same thing are having success.
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V

You are to be commended for even trying.

regards
f9
 
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