ES Journal Archive (2006 - 2008)

[Pekelo]

Quote from jagmot:

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

I made some observations in it this morning, hope it helps...

One thing to clarify is that the target is not 10 points. There is no clear exit point, the Ro10 is an entry signal and the exit is discriminatory.

Otherwise good luck...Try to play it overnight (let's suppose it is automatized) because it works quite well with the narrower night range....

 

[riaamaan]

Quote from daniel33:

Thank you for the explanation Riaamaan.

If i may, what kind of stop is implemented?

Daniel

For the record, I don't use rule of 10, because I'm unclear on the various places you can begin the "10 count". I've seen Vol say he uses a 3 point stop and after one loss, his trading is done for the day. I don't think he uses it on trend days either.

If you're wanting to understand it better, take this weekend and search on Vol's posts on "rule of 10". Then, take a look at the charts and see if you can identify the setups and the subsequent draw downs vs potential profits. Use that data to create a method that works for you.

 

[PACMAN1]

I might be wrong but es looks like it will try to fill the gap at 87 ish

 

[polpolik]

Quote from PACMAN1:

I might be wrong but es looks like it will try to fill the gap at 87 ish

Yeag, I think it'll want to test the intermediate top again and try to break through. I'll be preparing to short though around 87-90 level.

 

[PACMAN1]

e s looks to be basing, ready to lift off shortly 1280 now

 

[wave]

Any buyers at 1200 area should hold to 1500, until then no real shorts, unless intraday or swinging.

 

[wave]

There are only two reasons most fail at this and "they" want to keep it that way. Lack of edge and lack of money.

Most don't have the essential capital to play the game as they do in a fashion that allows 90% winners, they are forced to resort to breakout trading or trend trading.

Most don't have the capabilities or resources or time to really devise an edge that has a true advantage in the markets.

The rest is all nonsense.

 

[riskymove]

S 78.5 3 point stop - financials too ugly, tech cannot fill the void and oil rallying. Will cover half 75 half 72.

 

[Buy1Sell2]

I will buy on a stop @ 1284.25

5 contracts

 

[PACMAN1]

Quote from riskymove:

i favor the longside at least to the pivot point.


S 78.5 3 point stop - financials too ugly, tech cannot fill the void and oil rallying. Will cover half 75 half 72.