Rule of 10 Journal

Quote from OldTrader:

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
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Just as I won't take a trend trade when it's what I consider "late" in the MA cycle, I will not hesitate to enter on a r.o.t. trade for that very same reason.
 
I edited my previous post and exlplained the FMB. It usually bounces 1.5-2 or so points, and a good place to get out and if the bounce happens, reshort.

Looks like we had a 1.75 pt bounce this time....
 
Quote from Pekelo:

Taking 4 pts gains at 75.5...

The reason for getting out is what I call the FMB, future middle bounce, when price bounces from the middle value. It could still go through it later, but that is a good point to take profits...
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This may sound crazy....When I saw your posting, it stopped at 75.5.....

Lo and behold, your reason for the taking the profit appears in the same posting....I swear it was not there earlier ...are you posts delayed?:confused:

That is why I asked the question related to BB/Williams.

I may be going nuts:eek:
 
I have the bad habit of posting and editing it later, that's why it wasn't there first. I don't edit price though...

Here is my futures chart, showing the FMB. I put 3 dots there, the first 2 is the 10 points difference, thus the 2nd was the short entry and the 3rd dot is getting out because touching the futures middle line:

2hqwcqg.png


So the bounce was 2.5 pts from the line and currently we went below the line at 75.5...

Edit: and now 73.5

Edit: This 74ish is another good place to get out (if someone was still short) because I have a Williams long signal
 
Quote from Now is Now:

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...:mad:

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.
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Ok ..taken 2/3 @73.50 mit...1/3 adjusted stop to 76.50 .
 
pekelo,
chart posted is 5min with standard 20 period 2 std dev bolly bands?

that line in center (where it bounced) is not 9sma, right?, it is 20period xma.
 
Quote from Pekelo:

Edit: This 74ish is another good place to get out (if someone was still short) because I have a Williams long signal
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It is nice when we go according to plan, currently above 77... :)

Quote from vertigo3:

chart posted is 5min with standard 20 period 2 std dev bolly bands?

that line in center (where it bounced) is not 9sma, right?, it is 20period xma.
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Yes, 5 min with 20 on the BB. The line in the middle comes with the BB, I am not even sure how it is made up, I think it is just the medium value of the 2 bands....

Edit: By the way about 20 minutes ago we had another FMB, but this time from below at 76. We dropped 2.5 pts then went through the line, currently at 79...
 
Quote from Pekelo:

It is nice when we go according to plan, currently above 77... :)



Yes, 5 min with 20 on the BB. The line in the middle comes with the BB, I am not even sure how it is made up, I think it is just the medium value of the 2 bands....

Edit: By the way about 20 minutes we had another FMB, but this time from below at 76. We went back 2.5 pts then went through the line, currently at 79...
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most software vendors plot the middle line as the 20 simple ma, if it is a 20-period BB.
 
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