Rule of 10 Journal

[sandygray66]

Quote from volente_00:

how many 6 point retracements happened on this trend move ?

Notice what the ma's show

red above and parallel to blue for 7 hours without a cross.

Maybe this pm I got will clear the ma confusion up.

"I think I understand how you use the 9 & 18 crossovers. If there are many crossovers, then its a chop day. If there are few then its a trend day. You would then stay away from going against trends and if you catch a r10 in a retracement, trail the stop and hope to catch a big move (+20 to +30) "

OK, I must be the only dunce in the room who can't figure out what your point is here (even though I graduated with honors from the top university in the country).

By your description (no crosses of the 9 & 18 MAs), today was a trend day, and therefore you don't want to take any trades against the trend. This would mean no shorts, because trend is up, right?

Yet, there was not one 10 pt pullback in the trend to allow a r10 long. The only way to have profited from those 6+ pt pullbacks was to have gone short on the R10 moves up, which were clearly countertrend entries on a day with not one cross of the 9 & 18 MA until very late in the day.

And before you say it again, I understand you are not using the 9 & 18 MAs or their crosses to trigger entries - just 10 pt. (+/- 1pt) moves from pivot lows or pivot highs.

 

[jagmot]

Quote from Now is Now:

Hey Jagmot,

I would not be worried about missing any live calls on this thread...your first proirity is to your trading account and activity ...everything else is a distant second...

I think we,collectively, have good handle on the expected trade and it is likely it will be posted in advance as we are doing now...should it differ from your expectations then you can comment at your convenience.

NiN

True, at the end of the day its all about the actual profit/loss rather than the live call.

Its just that there has been so much confusion regarding r10 that I'm going to post screenshots at least for the first little bit.

 

[Decel]

New reaction low @ 1275.50, so short trigger @ 1285.50

Hope we get there before the open, so that it will fade early on.

 

[Now is Now]

Quote from Now is Now:

You may well be right...I just have to grin and bare it for the time being...good to see you have had some good trades this week....the 9-11 has been holding very well...I could be persuaded to go across to it if I get hit a couple of times off the "hard10" entry ; but for the fact that I prefer to enter with a PP confirmation.

I am a dill brain at times.....I can use my PP confirmation just as easily using the 9-11 method ..

 

[Pekelo]

Quote from Pekelo:

Overnight short entry is 1286.25, the long is 1274.5...

No entry overnight, although it just missed the long entry by 1 point and of course, then advanced up to 1283...My overnight plays will be "automatic" and taking 3 pts gains with the 3 pts stop loss...

 

[volente_00]

Quote from sandygray66:

OK, I must be the only dunce in the room who can't figure out what your point is here (even though I graduated with honors from the top university in the country).

By your description (no crosses of the 9 & 18 MAs), today was a trend day, and therefore you don't want to take any trades against the trend. This would mean no shorts, because trend is up, right?

Yet, there was not one 10 pt pullback in the trend to allow a r10 long. The only way to have profited from those 6+ pt pullbacks was to have gone short on the R10 moves up, which were clearly countertrend entries on a day with not one cross of the 9 & 18 MA until very late in the day.

And before you say it again, I understand you are not using the 9 & 18 MAs or their crosses to trigger entries - just 10 pt. (+/- 1pt) moves from pivot lows or pivot highs.

My apology, I majored in economics, not education.
You can take the signals, but if it is a trend day and you are taking the signals against it, then the retracements will be shallow so you can not expect to have large point gainers from fighting the trend. By knowing this one can adjust their targets depending on if the signal is with the trend or against it. If against, there is a high probability your stop will get blown after the shallow retracement, if you signal is on the side of the trend then there is a high probability that you can trail the stop and turn that trade into a much higher point gain trade.

 

[volente_00]

Quote from Decel:


My high shows 1285.25

What was es low last night ?





:eek:

 

[volente_00]

Quote from Decel:

New reaction low @ 1275.50, so short trigger @ 1285.50

Hope we get there before the open, so that it will fade early on.

rl is 80 and change now

 

[Now is Now]

The 9-11 got blown out on the 8.30 est reports...this is the one area of any system that really bothers me....from a personal view if I have an exposure prior to the 8.30 or 8.15 , I kill it...and move on .

These reports are generally erratic.

"hard 10 rule "also blown out now....I am waiting for a PP reversal before I trade

 

[volente_00]

Quote from Now is Now:

The 9-11 got blown out on the 8.30 est reports...this is the one area of any system that really bothers me....from a personal view if I have an exposure prior to the 8.30 or 8.15 , I kill it...and move on .

These reports are generally erratic.

"hard 10 rule "also blown out now....I am waiting for a PP reversal before I trade

And the long signal at 75 area ?



"10" above the previous es high of 81.75 looks good for resistance , or "10" above 80.75.


R10 can not control a news release. That is up to you to manage risk.