Rule of 10 Journal

Quote from tomahawk:

Would that be 75.50 limit, 75.25 limit, or 74.50/76.50 limits?
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Either way , 75.50 limit or 74.50/76.50...the latter being the more practical (that I have just come to realize).:cool:
 
Quote from Now is Now:

Either way , 75.50 limit or 74.50/76.50...the latter being the more practical (that I have just come to realize).:cool:
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Thanks.

I know that's volente's method, but I wonder how one gets around the problem of being double-sized more often on the trades that stop out.
 
Quote from tomahawk:

Thanks.

I know that's volente's method, but I wonder how one gets around the problem of being double-sized more often on the trades that stop out.
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If I can show by example, my 74.50 would be stopped @ 77.50 and my 75.50 would be stopped @ 78.50...as for me adjusting my stop after +3 potential profit , I would treat each independently....of course others my have a better way..
 
Quote from Now is Now:

If I can show by example, my 74.50 would be stopped @ 77.50 and my 75.50 would be stopped @ 78.50...as for me adjusting my stop after +3 potential profit , I would treat each independently....of course others my have a better way..
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Ok thanks. I guess that is protection when it only goes past the normal 3pt stop by an extra pt, then comes back and hits your target. However, the ones that stop out decisively (5 pts or more) ... you will still be out double size compared to your single entry trades - i.e. when you take less than 2.00 heat on your 1st entry (@ "r-9").
 
Quote from Now is Now:

If I can show by example, my 74.50 would be stopped @ 77.50 and my 75.50 would be stopped @ 78.50...as for me adjusting my stop after +3 potential profit , I would treat each independently....of course others my have a better way..
More...

My mistake ...should read "76.50 would be stopped @ 79.50"...not 75.50..
 
My belief is that jagmot would have taken a 10 point profit just now had he been long (which I believe he should have been). LOL. Just my opinion though. Obviously I don't know jagmot's technique like he does.

OldTrader
 
75.5 entry is live now, up 2.5 pts

This journal reminds me a community blackbox where only trades got executed when all 3 traders have pressed the buy/sell button. :)

We could call it the "Elitetrader's got Talent" blackbox...
 
Quote from OldTrader:

My belief is that jagmot would have taken a 10 point profit just now had he been long (which I believe he should have been). LOL. Just my opinion though. Obviously I don't know jagmot's technique like he does.

OldTrader
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I'm confused I got so much going on that perhaps I missed something.

I didn't use the reaction high in the area of 1275 because of three spots 3:00AM, 4:50AM, and 8:30 EST 5min bars.
 
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