Rule of 10 Journal

[OldTrader]

Quote from volente_00:

i hope this trade fails just so the critics can find peace.

He took one of several possibilities.

He could have waited for 1299 for a short. Or he could have gone long at 1289 per your yesterday statements.

Just so that you know, I'm not against a discretionary type of trade. I'm a discretionary trader myself. I just would like to know what the "rules" are, as some others in this thread evidently would like to as well.

Jagmot at least seems to be consistent in how he is applying his personal rules.

OldTrader

 

[tomahawk]

Any late-day entry restrictions? ... we all know the warnings about fading strong late-afternoon moves.

 

[volente_00]

Quote from tomahawk:

Thanks .. first time I've heard volume mentioned in the context of ROT.

program trading contributes to the volume to create the skys and dives. just more footprints to look out for.

 

[volente_00]

Quote from OldTrader:

He took one of several possibilities.

He could have waited for 1299 for a short. Or he could have gone long at 1289 per your yesterday statements.

Just so that you know, I'm not against a discretionary type of trade. I'm a discretionary trader myself. I just would like to know what the "rules" are, as some others in this thread evidently would like to as well.

Jagmot at least seems to be consistent in how he is applying his personal rules.

OldTrader

How do you not see the reaction low at 83.75 / 84 ?

What is 10 + 83.75 ?

Let me guess you still don't understand why that was short signal.


If it does not work then why are you so concerned about it ?

 

[volente_00]

Quote from tomahawk:

Any late-day entry restrictions? ... we all know the warnings about fading strong late-afternoon moves.

I flat out suck at late afternoon trade. I usually look for reversal around 3 pm est when bonds close or shortly after. Then look to fade the move from there.

 

[OldTrader]

Quote from volente_00:

How do you not see the reaction low at 83.75 / 84 ?

What is 10 + 83.75 ?

Let me guess you still don't understand why that was short signal.


If it does not work then why are you so concerned about it ?

Of course I see it. I said it was "one of several possiblities". Are you able to read? Sheesh.

OldTrader

 

[volente_00]

Quote from OldTrader:

Of course I see it. I said it was "one of several possiblities". Are you able to read? Sheesh.

OldTrader

You are making this really harder than it is. You are looking for a 10 point move period to enter, where it comes from on the chart is not important. 10 point move period, what part of that is so hard to understand ?

EDIT, to be technical, I am looking for a move of 9 to 11 points period with 10 being stated as the average.

 

[tomahawk]

Quote from volente_00:

I flat out suck at late afternoon trade. I usually look for reversal around 3 pm est when bonds close or shortly after. Then look to fade the move from there.

Ok, thanks.

(Perfect 3pm ROT short today, so I guess you never know).

 

[volente_00]

Quote from tomahawk:

Ok, thanks.

(Perfect 3pm ROT short today, so I guess you never know).

Your nuts, rule of 10 is worthless and does not work. oldtrader said so himself. Jagmots results are inflated just to make it look legit.

 

[tomahawk]

Quote from volente_00:

Your nuts, rule of 10 is worthless and does not work. oldtrader said so himself. Jagmots results are inflated just to make it look legit.