Rule of 10 Journal

Next long is 65.25...Just got hit...

Edit: I was tempted to take the 3 pts gain we quickly advanced to and it dropped back to entry from there...
 
Quote from Pekelo:

Next long is 65.25...Just got hit...

Edit: I was tempted to take the 3 pts gain we quickly advanced to and it dropped back to entry from there...
More...

I would have thought the entry was either 65.75 or 62.00, depending on where you calculated the R10 from.

How did you get 65.25?

OldTrader
 
Quote from volente_00:

Pure luck
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LOL. I thought this was a good trade. Partial retracement of yesterdays decline, 10+ points off the low.....the only thing wrong is that it was on the wrong side of your moving averages.

OldTrader
 
Quote from OldTrader:

I would have thought the entry was either 65.75
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My bad, it was from 1275.75 so this one is the correct one...

I will bring up the SL to 1266, just in case...

Edit: Out at basicly breakeven...
 
Quote from Pekelo:

Next long is 65.25...Just got hit...

Edit: I was tempted to take the 3 pts gain we quickly advanced to and it dropped back to entry from there...
More...

I thought it would have been 75.75-10=65.75 under the "hard 10 rule" and you would be still alive with an adjusted stop or with multiple contracts you take your 3 just now( 68.75 mit) .
 
Quote from jagmot:

2 full stop outs in a row and I'm done for the day. I won't place a new trade until 1 hour after the previous close (2:15PM EST). 2 stop outs in a row should also happen less frequently as I'm now using a 5pt target and trailing stop (once the first target is hit).
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What's the 2:15EST? Close is 4:15 EST...maybe I'm missing something.

Good luck with it.

OldTrader
 
I guess we missed taking profits of 3 pts twice, but at least we didn't lose 3 pts. Next long would be 1262....

Quote from Pekelo:

Edit: Out at basicly breakeven...
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Also, Jagmot would have got his full 10 pts gain from the 73.25 short....
 
Quote from OldTrader:

What's the 2:15EST? Close is 4:15 EST...maybe I'm missing something.

Good luck with it.

OldTrader
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He is on West Coast waiting for an earthquake....probably meant 1:15 PST not 2:15 PST...

Good luck , Jagmot....

I don't know who your broker is, but there should be a facility to assist you with your either/or trades that cancels the other side when hit...
 
Quote from OldTrader:

I don't think your lines show anything different than any other day.

OldTrader
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Quote from volente_00:

The lines today show a chop day. Surely you see the difference between today's versus the trend days behavior. This is not rocket science.
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So was today a chop or trend day ? Were the ma's right predicting the chop that they said early this morning ?
 
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