what exactly is the 'rule of 10'?
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Quote from ammo:
volente,i went back didn't find your rule,i'm not going to look thru 2000 posts to find it,so if you dont want to explain it,then maybe u could stop mentioning it [/QUOTe
It pays to do your own research, you learn a thing or two in the process.
By the way folks, the forum is being cleaned every now and then , please do not respond to the trolls.
Peace and good trading to all
volente,i went back didn't find your rule,i'm not going to look thru 2000 posts to find it,so if you dont want to explain it,then maybe u could stop mentioning it
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You couldn't have looked hard enough. Here it is, rule of 10 and more with slight amemdments. Now you will want to know what T Day is.
How about showing some courrtsey to the regular contributors?
"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."
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You couldn't have looked hard enough. Here it is, rule of 10 and more with slight amemdments. Now you will want to know what T Day is.
How about showing some courrtsey to the regular contributors?
"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."
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