ES Journal Archive (2006 - 2008)

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If I understand correctly, you're supposed to fade after the 10 pts has been made, gunning for 2 pts minimum. I guess the way Vol does it, he has a high win percentage. You can't always count on 10 pt moves, but evidently, you can pretty much count on getting 2 on the pullback once a solid run of 10 has appeared.
 
Quote from daniel33:

Volente,

How do you know when to start counting for the Rule of 10 ?

Reason I ask is because many times the swings don't move 10 points or move much more so not sure exactly where to start.

Thank you.

Daniel
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I created a Rule of 10 Journal (Papertrade) for fun.

here is the link:
http://www.elitetrader.com/vb/showthread.php?s=&postid=2021135#post2021135

V - I hope you don't mind...if you do please send me a PM and I will delete it. Not trading your exact rules (as I don't know them) but should work regardless as I believe your posts have shown rule of 10 has merit
 
Quote from jagmot:

I created a Rule of 10 Journal (Papertrade) for fun.

V - I hope you don't mind...if you do please send me a PM and I will delete it. Not trading your exact rules (as I don't know them) but should work regardless as I believe your posts have shown rule of 10 has merit
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Jagmot,

Thank you, I will be anxiously reading it.

Daniel
 
Quote from riaamaan:

If I understand correctly, you're supposed to fade after the 10 pts has been made, gunning for 2 pts minimum. I guess the way Vol does it, he has a high win percentage. You can't always count on 10 pt moves, but evidently, you can pretty much count on getting 2 on the pullback once a solid run of 10 has appeared.
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Thank you for the explanation Riaamaan.

If i may, what kind of stop is implemented?

Daniel
 
Quote from riskymove:

I think people post trades more for themselves (if in fact they are actual trades) to try to give them some accountability since most of us trade by ourselves.
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Is this why you post? You speculate on others but don't say why you post yourself.

Personally, I post because I enjoy contributing to the good of the group. I also feel its fair that other people post their insights that I should post mine.
 
Quote from jagmot:

Is this why you post? You speculate on others but don't say why you post yourself.

Personally, I post because I enjoy contributing to the good of the group. I also feel its fair that other people post their insights that I should post mine.
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I believe that statement you have quoted me on is pretty benign and thus don't understand why you seem to be semi- flaming me for it. But seeing as how you started a Rule of Ten journal, I know where you stand on the rule and obviously also my thoughts against it.

If you look through my past posts you will find I comment on what I see/think market will do as well from time to time and yes hopefully that is helpful to some, but how do I have any idea if it is or is not?

But I am not speculating on others. I have no problem congratulating someone on a good trade, whether or not I could be in a discussion with them and be taking the other side of it. I said last night I would try to post some trades since I have been writing in this journal a bit as of late. However I commuincate in a room with several other individuals on trading the ES everyday and posting there and here gets a bit in the way of making money (or at least trying to).

I will check out the journal you started. I never said you can't make money with the ROT. The only thing I have indicated was that it always seems the parameters were adjusted in hindsight to make the trade work. If they can be set with some regularity and objectives that will a) set a stop and b) give some idea of the r/r scenario then I hope to learn it and keep it in the arsenal to keep in mind when trading.
 
Quote from ganesh6:

Good trade :)
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Thank you. I felt strongly about the long bias yesterday, but placed my stop a little too close on the first trade. I had to come back strong.
 
Quote from riskymove:

Great trade. Pretty impressive holding through all the mess. I was pretty surprised there wasn't more resistance at 90, not that we meaningfully got through it, but it didn't appear that there were tons of sellers there.

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Thank you. I was fortunate yesterday. My first stop would have looked good if the market had tanked. Fortunately, the second one held.
 
Quote from Magna:

Guys, this is an excellent journal so keep up the great work. If anyone starts creating a problem please drop me a PM and I will take care of it. But don't respond/quote them as it only gives them more attention and reinforces what they said. Plus it gives me more work when I clean up the mess. Thanks, and good trading to all.
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Thank you very much for your efforts Magna.
 
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