Taken a trade SELL@ 73.25 s/l 76.25
Rule of 10 Journal
- Thread starter jagmot
- Start date
Just took profit 70.25 mit for 2/3...1/3 adjusted stop loss 73.25..free wheeling till get "buy".
I'll help you out here....I'll stop posting in this journal. R10 is not a technique I trade with. Nor do I use moving averages.
That said, I don't think it can be said too many times....there is an inherent conflict between the R10 methodology and moving averages. And there has been nothing said in this thread that has explained away that conflict.
Good luck to those trading with this strategy.
OldTrader
yes...it is based purely on price performance with a given parameter...it simply prevents me getting caught on a "rocket" or "falling knife" that doesn't know how to stop.
It is unlikely that many of my trades will ever see a 10 point profit,but 3 + is fine...
Incidently , just got stopped on s/l adjusted 73.25...net + 2.5 profit for trade.
Ok 79.50 is up and running based on "hard 10 "rule s/l 82.50.
My trade has come "late" SELL 76.50 S/L 79.50...just as Pekelo is probably taking some profits gets out , I'm going in...
This trade also highlights the implicit vulnerabilty of the system, but for me to get knocked out the price performance has do a complete reversal....there is nothing that says it won't...
Like any trade, we have limited control of the outcome.
This trade also highlights the implicit vulnerabilty of the system, but for me to get knocked out the price performance has do a complete reversal....there is nothing that says it won't...
Like any trade, we have limited control of the outcome.