ES Journal Archive (2006 - 2008)

[volente_00]

Quote from OldTrader:

I thought the rule of 10 added 10 to the low? Maybe you could restate the rule as you apply it. I did read the page suggested earlier at page 5089, but from it I gathered you were applying the 10 to a low, not a high. Thanks for any clarification.

OldTrader

Not from me but from one who trades the method.

Quote from callmate:

Summary

T day theory.



MWF short bias


T days long bias



Short the up spikes and gap ups on MWF.


Buy the gap down and down spikes on T days.


10:30 is a important time when trading


rule of 10 says ES moves in 10 point intervals. If market is trending down and you want to fade the move, wait to go long when it drops 10 points fromt the previous low and if done properly you should be able to grab 8-10 ticks on the retracement.

If market is trending up wait for it to move 10 points over the previous high to short and then cover on the 3-4 point retracement."

 

[volente_00]

make or break for the bulls here

 

[volente_00]

doubletop or 21 is all you are gonna get.

 

[Pekelo]

Post deleted because I was looking at the wrong chart and my question was already answered...

 

[volente_00]

Very high probability ES sees 1402 between now and friday.


:eek:

 

[Buy1Sell2]

Staying long here looking for a bigger winner.

 

[volente_00]

What was the last highest reaction high in es on 5/2 ?































Will it be just coincidence if this fails at 1417 before pulling back to 1402 ?

 

[sgc]

SHORT opportunity here, overbought with divergence and trend line resistance from the highs of 1424.00 on5/2/08 and 1422.25 on 5/6/08, selling 1416.75 stop 1419.75, will trail stop down on lower highs down to a price target of 1383.75 which is 5/9/08 LOW, trend should continue down...will update when situations change for me.

ALSO...if the down trend does not prove to be valid we will stall and reverse LONG at around 1410 or so where there is support from previous prices...

 

[volente_00]

Quote from Buy1Sell2:

Staying long here looking for a bigger winner.

I hope your trailing stop is below 1402.

 

[iloveoptions]

Quote from volente_00:

Not from me but from one who trades the method.

Quote from callmate:

Summary

T day theory.



MWF short bias


T days long bias



Short the up spikes and gap ups on MWF.


Buy the gap down and down spikes on T days.


10:30 is a important time when trading


rule of 10 says ES moves in 10 point intervals. If market is trending down and you want to fade the move, wait to go long when it drops 10 points fromt the previous low and if done properly you should be able to grab 8-10 ticks on the retracement.

If market is trending up wait for it to move 10 points over the previous high to short and then cover on the 3-4 point retracement."

Ok, let's talk about yesterday using the rules in your post. In the second to last paragraph the rule says "...wait to go long when it drops 10 points fromt the previous low and if done properly you should be able to grab 8-10 ticks on the retracement." However, the market on Tuesday (which is a T-day, and on T days, you're suppose to take long signals) did not drop 10 points from the first low of that day that was made around 6:15 am NY time, so my question is, how did you get 10 points out of that day, or better yet five signals? Do I have to look at the previous day???

You also say "Buy the gap down and down spikes on T days."
How do I know at what point/price on that down spike(s) that took place yesterday (a T-day) to get in if there was no follow through beyond the first low??