ES Journal Archive (2006 - 2008)

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Quote from Mins:

I think your getting confused, maybe this can help you out:

rules of 10 - is a simple rule, basically take any swing low/high on intra-day chart and then use 10ES point / 100YM points as a possible target/entry pivot.

If you look at a lot of price action, price often turns when it has ran 10 points in one direction.
E.g. if you want to short and price is rising, look for 10ES points from the swing low as a possible projection for the run and a place where you can start looking for shorts.

Hope this helps, if not then try using searching this forum, there is a lot of previous guides on the rule of 10.


http://quotes.ino.com/chart/?s=CME_ES.M08.E&v=s
 
Overnight low 93.5, high 04.5 and we just bounced back from 98. The rule of 10 seems to work better during the night, of course one has to be awake...

I guess it wouldn't be that hard to write a program...
 
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