ES Journal Archive (2006 - 2008)

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Rule of 10 may be a range based pivot point unique to ES and perhaps other futures instruments. If so, it may be predictable thru price-time-volume analysis to ID triggers, but it's apparent and obvious - it'll never work in real time.
 
Quote from ammo:

it's hard to believe in such a simple theory that has no fundamental or ta basis but u have to admit it works a very large percentage of the time,uncanny
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Never said it didn't work. What I said was that it was singularly useless and insignificant. By itself, and now I am being redundant, it delivers crumbs. I am not interested in crumbs.
 
Quote from ammo:

with stops,same as any other trade
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OK, what stop do you use? I use a 3 pts trailing stop. Usually if it moves 2 pts in the money I bring it up to breakeven.

And I guess Volente's answer is that he uses other things to decide when to exit and scaling out. So the bottomline is that the rule of 10 is a good entry strategy, but the exit would depend on other factors.

Correct?

Or here is another way: Use a 2pts stop with a 2 pts exit. Since the win/lose ratio is better than 50% with this strategy, it should be profitable in the long run...
 
Quote from Panama:

Rule of 10 may be a range based pivot point unique to ES and perhaps other futures instruments. If so, it may be predictable thru price-time-volume analysis to ID triggers, but it's apparent and obvious - it'll never work in real time.
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you are 100% correct

Never works in real time


volente_00 wrote on 05-13-08 06:14 AM:
if the r10 short signal at 06 holds, i think we can see 94 - 96 perhaps tomorrow.
 
Quote from Pekelo:

OK, what stop do you use? I use a 3 pts trailing stop. Usually if it moves 2 pts in the money I bring it up to breakeven.

And I guess Volente's answer is that he uses other things to decide when to exit and scaling out. So the bottomline is that the rule of 10 is a good entry strategy, but the exit would depend on other factors.

Correct?

Or here is another way: Use a 2pts stop with a 2 pts exit. Since the win/lose ratio is better than 50% with this strategy, it should be profitable in the long run...
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I use a 3 point stop. The exit depends on s and r, is it near a key reversal time ? and your patience.



There have been 4 signals since last night, the least profitable one was only good for 2 to 3 points, the best was good for 13+.


We never know where the market will go 100% exactly so we can only enter the trade, manage the risk, and the let the law of probabilites take care of the rest.
 
Quote from Buy1Sell2:

Never said it didn't work. What I said was that it was singularly useless and insignificant. By itself, and now I am being redundant, it delivers crumbs. I am not interested in crumbs.
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How would you know what it delivers if you don't even trade it ?


I'll take crumbs 80% of the time any day over a string of 7+ point losses.

rule of 10 offered the opportunity to make your age in points since last night. How much is your 1395 long making now ?


How much was your opportunity cost since the 1410 signal this morning ?
 
Quote from Buy1Sell2:

Never said it didn't work. What I said was that it was singularly useless and insignificant. By itself, and now I am being redundant, it delivers crumbs. I am not interested in crumbs.
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There's no point to knowing that:

M=50/50% up/down
T = 75/25% up/down
W = 50/50% up/down
TH = 75/25% up/down
F = 50/50% up/down

?

I disagree ... in fact we're prolly looking at a bottom right here.
 
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