Rule of 10 Journal

[MandelbrotSet]

Quote from sellindexvol66:

mandy, why even screw around in and ruin this thread? there was no nonsense whatsoever until you trolled here. you are one weird guy, and to top it off admittedly you don't trade the es ; why even post here?

i trade the es around my es ops and find this thread very interesting. nice jobs guys, and remember; there will always be losers what hate people who find some success. it must kill him to see guys posting 11 point takes. and mandy, i will not respond to you anymore in this thread. jerk.

sellindexvol66 is a sore loser

Ya, know, I hate it when tools that get their heads handed to them in another thread follow me from thread-to-thread trying to talk shit to me.

Check your PM.

... and learn how to read too, I said I don't just trade the ES, I didn't say I don't trade the ES ... but then again, since you don't trade any of this, WTF would you know about it?

 

[MandelbrotSet]

Quote from Decel:

Reaction low @ 1261.50 (2:30am).

Currently short @ 1271.50

Lets see, the ES is @ 1274.75, that means according to volente_00’s three point stop loss rule (3.00) this is yet another failed Rule of 10 trade (big surprise, huh folks?).

Quote from volente_00:

I HAVE TAKEN YOUR MONEY IN ES NUMEROUS TIMES.
I AM THE PERSON THAT YOU BLAME FOR YOUR LOSING.
YOU WILL REMAIN A MEMBER OF THE 95% AS LONG AS YOU KEEP DOING WHAT YOU DO.

By doing what, taking ROT counter-trend trades that get blown-out like Decel's?

LOL, the only one who believes your hype …. is you. Hell, B1S2 doesn’t even want you posting your after-the-fact, cherry picking trades on his Journal anymore.

All I’ve got to say is please continue the counter-trend Rule of 10 trades guys, you’re supplying a lot of loot for my trend trades. :-o)


P.S. Thanks for posting your trade Decel, you totally proved my point. But in the future you might wanna try a good ‘ol coin flip! :eek:

 

[MandelbrotSet]

Quote from sellindexvol66:

... and mandy, i will not respond to you anymore in this thread. jerk.

Sorry clown, I will not respond to PMs from guys who won't respond to me on threads. jerk

 

[Now is Now]

Quote from MandelbrotSet:

Lets see, the ES is @ 1274.75, that means according to volente_00’s three point stop loss rule (3.00) this is yet another failed Rule of 10 trade (big surprise, huh folks?).

Unfortunately , you were a little too quick to prejudge Volente on this trade...He apparently uses the 9-11 method of entry..9 being 70.75 11 being 72.75.

The second leg is alive .

 

[Pekelo]

Quote from Now is Now:

Quote from MandelbrotSet:

He apparently uses the 9-11 method of entry..9 being 70.75 11 being 72.75.
The second leg is alive .

I thought the SL is still set 3 pts from the average entry, so it would be 2 points away from the 11 pts entry. Otherwise we are really using a 4 pts SL.

Here is another problem with the 9-11 entry. Several times only the first entry get executed, so even if it is an let's say 8 pts winner, it is only on half. But when the SL gets hit it is always with double, so the loss will be always 2x3=6, so the 1 car gainer needs to be at least 6 points or more to compensate for it...And as we have seen recently, several times we only get a 2-4 points pullback before further advance...

Last night the 71.50 short went in the money 3 different times by 2 points before stopping out..

 

[volente_00]

Quote from Now is Now:

Quote from MandelbrotSet:

Lets see, the ES is @ 1274.75, that means according to volente_00’s three point stop loss rule (3.00) this is yet another failed Rule of 10 trade (big surprise, huh folks?).

Unfortunately , you were a little too quick to prejudge Volente on this trade...He apparently uses the 9-11 method of entry..9 being 70.75 11 being 72.75.

The second leg is alive .

Don't feed the trolls, last reaction low was not 71.5. If you are semi literate you will notice it happened right at 3 a.m.

 

[volente_00]

Quote from jagmot:

How many days back are you counting gaps? Or are you just counting gaps on the same day?

I am in the camp that all gaps in indices eventually fill. Intraday is strong, odds of fill in the 3 days after gap is strong.

 

[Now is Now]

Quote from Pekelo:

I thought the SL is still set 3 pts from the average entry, so it would be 2 points away from the 11 pts entry. Otherwise we are really using a 4 pts SL.

Here is another problem with the 9-11 entry. Several times only the first entry get executed, so even if it is an let's say 8 pts winner, it is only on half. But when the SL gets hit it is always with double, so the loss will be always 2x3=6, so the 1 car gainer needs to be at least 6 points or more to compensate for it...And as we have seen recently, several times we only get a 2-4 points pullback before further advance...

Last night the 71.50 short went in the money 3 different times by 2 points before stopping out..

Yeah, I understand your point.

Volente can clarify, but my feeling was that he would be trading more than one contract (obviously,as there are 2 entry points) and that each entry is independant of the other, therefore would take a 3 point stop on each...on the other hand should the initial entry go 3 points his way and slide back to the initial price he kills the trade and the second leg doesn't play any role.

My understanding for the 9-11 rule is to at least get in within a point of the proposed "10" trade and counter that with an entry a point beyond the "10" and set the stops accordingly.

Should the entry be like today where his second go to 6975 ,as it did, he would adjust his stop to 7275...if it hits, his worst loss would be a net 2 points . Alternatively, he may clip a profit at the 6975 and let the other entry run...I don't know for sure, but that is how I may do it using the 9-11, which I like after making the adjustment for the price performance.

Hope all this makes sense.

 

[volente_00]

Quote from Pekelo:

I thought the SL is still set 3 pts from the average entry, so it would be 2 points away from the 11 pts entry. Otherwise we are really using a 4 pts SL.

Here is another problem with the 9-11 entry. Several times only the first entry get executed, so even if it is an let's say 8 pts winner, it is only on half. But when the SL gets hit it is always with double, so the loss will be always 2x3=6, so the 1 car gainer needs to be at least 6 points or more to compensate for it...And as we have seen recently, several times we only get a 2-4 points pullback before further advance...

Last night the 71.50 short went in the money 3 different times by 2 points before stopping out..

Pek , i do not average in. I use discretion to enter somewhere between 9 and 11 points, with the average being 10. I used to use hard 10 with a 2 point stop. I then changed to a 3 point stop to be able to take the 9 entry and still have the same stop out area as if I had taken a hard ten with a 2 point stop. By sticking to a fixed number, you miss trades that often run 9- 9.5 such as last night.

 

[volente_00]

Quote from Pekelo:

as we have seen recently, several times we only get a 2-4 points pullback before further advance...

This happens to those who ignore gaps and 9/18 directionals.