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Rule of 10 Journal
- Thread starter jagmot
- Start date
Quote from OldTrader:
My guess is that jagmot's method would have covered his short this AM at 1282.50 for 10 point profit. I'd further guess that he would buy at 1274.00, short at 1286.00. My guess only....obviously he hasn't posted trades the last few days.
OldTrader
Sounds about right. I'm just waiting till after Labor Day to start trading real money, rather then posting further paper trades.
I ll start out the record at 0 as I'm going to make a few modifications as I stated previously.
Quote from OldTrader:
My guess is that jagmot's method would have covered his short this AM at 1282.50 for 10 point profit. I'd further guess that he would buy at 1274.00, short at 1286.00. My guess only....obviously he hasn't posted trades the last few days.
OldTrader
As I have warned before, you do not want to be on the wrong side on a trend day. What did the red and blue say for today as it happened ?
"Although this system is deceptively simply, it is very clean about keeping a trader on the right side of the trend."
http://www.cbot.com/cbot/pub/cont_detail/0,3206,1560+17731,00.html
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Quote from volente_00:
As I have warned before, you do not want to be on the wrong side on a trend day. What did the red and blue say for today as it happened ?
"Although this system is deceptively simply, it is very clean about keeping a trader on the right side of the trend."
http://www.cbot.com/cbot/pub/cont_detail/0,3206,1560+17731,00.html
I think the R10 system is going to conflict with the moving average crossover system.
Either way, jagmot's system doesn't use moving averages.
OldTrader
Quote from OldTrader:
I think the R10 system is going to conflict with the moving average crossover system.
Either way, jagmot's system doesn't use moving averages.
OldTrader
It does not conflict at all. It keeps you from taking long signals on a downtrend and short signals on a up trend. The crossover is not used for trade signals. It is only used to keep you from getting run over from a train. KISS.
Quote from volente_00:
It does not conflict at all. It keeps you from taking long signals on a downtrend and short signals on a up trend. The crossover is not used for trade signals. It is only used to keep you from getting run over from a train. KISS.
So in other words, you didn't take the sale Friday at around 1293.00, because your moving averages were positive?
You didn't take the buy Friday at 1283-1284 because the averages were negative?
OldTrader
Quote from OldTrader:
So in other words, you didn't take the sale Friday at around 1293.00, because your moving averages were positive?
You didn't take the buy Friday at 1283-1284 because the averages were negative?
OldTrader
If it was a simple as that there would NEVER be an entry point @9-11 or 10, because you are either buying "falling knives "or selling "rockets", which will be below/above the averages.
Quote from OldTrader:
So in other words, you didn't take the sale Friday at around 1293.00, because your moving averages were positive?
You didn't take the buy Friday at 1283-1284 because the averages were negative?
OldTrader
I'd have to agree..hindsight is 20/20 on using those MA's to detect a trend before you enter an R10 trade....Unless, you use a time of Day filter.....like only entering these trades after 11:00 AM est...