ES Journal Archive (2011)

[ammo]

Quote from emg:

what happen to u. u rarely post trade

rarely trade,just put on trade and watch til hits target

 

[volente_00]

Quote from volente_00:

Not just during rth. The range is 9-11 avg is 10. Ask any local in the spoos pit on why it works. 40 29 back to 40

so how many mojitos did the r10 short at 40 produce?

 

[volente_00]

Quote from Trvlwanderer:

Since watching a few folks on here use r10, I have added a line to my chart upon entry long or short. That line is vicinity 9 point move. If I let the contracts run that far, i pull mental stop in very tight at that area.

What I have yet to understand is how can the reversal point be known and then how could r10 be used for entry. If it was each turn, it would ping in a 10 point range indefinately.

Vol...are you watching for r10 entry?

that is where 50 % retrace comes in. In chop we just stay rangebound, if market is trending then it will retrace 50% and then move 9-11 from that point.

 

[Trvlwanderer]

Quote from volente_00:

that is where 50 % retrace comes in. In chop we just stay rangebound, if market is trending then it will retrace 50% and then move 9-11 from that point.

Thanks all. Still adding it's aspects to the arsenal. I see it clear when all is done, but much more difficult as it is developing (as is true with most triggers).

I definitely pull in the stops at the 9 point mark from a reversal or reaction high/low. Saved on several occasions by that little "heads-up".

Much appreciated.

 

[Now is Now]

BGT2175 Target 2450


Will ADD, if necessary.

NiN

 

[Now is Now]

Quote from Now is Now:

BGT2175 Target 2450


Will ADD, if necessary.

NiN

OUT 2450...


NiN

 

[Laissez Faire]

Quote from Trvlwanderer:

Thanks all. Still adding it's aspects to the arsenal. I see it clear when all is done, but much more difficult as it is developing (as is true with most triggers).

I definitely pull in the stops at the 9 point mark from a reversal or reaction high/low. Saved on several occasions by that little "heads-up".

Much appreciated.

I think you are using it correctly.

I think of the R10 as a measured move. If you believe you`ve identified a significant swing high or low, you can then project 10 points from that swing. Identifying the swing is more of a technical analysis skill.

After I learned about R10 from Volente, I`ve been AMAZED to see how often these play out, often to the tick.

50% retraces is also very important to keep track of.

Sometimes the R10 coincides with a gap fill and those are high probability targets.

 

[Laissez Faire]

During periods of increased volatility, we seem to get R20s as well.

I`ve yet to experience R30s, but I`m sure the veterans on board have

 

[esmonkey]

Quote from Laissez Faire:

During periods of increased volatility, we seem to get R20s as well.

I`ve yet to experience R30s, but I`m sure the veterans on board have

How one interprets R10 depends on their trading style. I know some traders use it as a potential entry point (with a 2-3 pt target) instead of as an exit warning. But like all techniques and tools, its just something to watch for and keep in mind/combine with other TA.

 

[Now is Now]

Quote from Laissez Faire:

During periods of increased volatility, we seem to get R20s as well.

I`ve yet to experience R30s, but I`m sure the veterans on board have

Correct re R20, but it has to be kept in mind that it is very likely the R10 'trader' took a loss and may recover at R20...but then again,may not....

It all depends on profit goals and stops....

I am inclined to think Volente may have some statistics he could share, but I also recall that not all R10's (9-11) are necessarily taken for one reason or another.

Gets back to the trader developing their own strategy and sticking to it....and looking at others with 'interest only'...

NiN