Rule of 10 Journal

[Now is Now]

Not that it matters much my SELL would be 1294.50 s/l 97.50

 

[Zodiac4u]

Quote from Now is Now:

Now then based on the 2x10 rule there would have been a short @ 95.50 s/l 98.50....9-11 94.50 s/l 97.50 ..96.50 s/l 99.50

All are in play.

I'm out for the day as I had an earlier loss...my PP has yet to confirm this trade.

sorry I'm coming in late in the session. If you don't mind! what is the 2X10 rule?

Thanks,

 

[Zodiac4u]

Quote from Pekelo:

Next short is 1298 from the morning sideways lows....

Not sure if you will get it! But! the 76% fib daily pivot is 77 and the 100% piv is at 1301 .75.

Since we retraced after hitting 1293.50 and that was the 61% piv along with retracing after we hit the 50% was 1291.50 to 92.

Just thought I would share!

 

[Now is Now]

Quote from Zodiac4u:

sorry I'm coming in late in the session. If you don't mind! what is the 2X10 rule?

Thanks,

2 times the low 75.50...using multiple of 10's.

 

[Zodiac4u]

Quote from Now is Now:

2 times the low 75.50...using multiple of 10's.

Thank you Much! By chance do you use the Daily fib pivots to support your entry as well?

 

[Now is Now]

Quote from Zodiac4u:

Thank you Much! By chance do you use the Daily fib pivots to support your entry as well?

No

 

[Now is Now]

Quote from Now is Now:

Now then based on the 2x10 rule there would have been a short @ 95.50 s/l 98.50....9-11 94.50 s/l 97.50 ..96.50 s/l 99.50

All are in play.

I'm out for the day as I had an earlier loss...my PP has yet to confirm this trade.

Summary of trades...except for the 96.50 s/l 99.50 9-11 entry the others went down in flames...96.50 covered to break even.

Have a peak at the 9/18 m/a 's and you will note it was a losing battle from the get-go:eek:

 

[volente_00]

Quote from Now is Now:

Summary of trades...except for the 96.50 s/l 99.50 9-11 entry the others went down in flames...96.50 covered to break even.

Have a peak at the 9/18 m/a 's and you will note it was a losing battle from the get-go:eek:

Why would you say that ?

 

[Pekelo]

I had to be away for the afternoon, so let's see how it went:

Quote from Pekelo:

My next short would be 90.50 from the morning plateau low, but I am not going to take it because I expect a rally day....

I was correct about the rally, but that entry was still good and in 4 occassions the market went down to 1288, before finally going higher.

The next signal was:

Quote from Pekelo:

Next short is 1298 from the morning sideways lows....

1298 was hit around 13:45 and it properly dropped below 1294 in the next 30 minutes, when I had a Williams long signal, where I would have got out. So it looks like I missed a 4 pts gainer.

Overnight long entry is 1290...

 

[Now is Now]

The initial 1298.00 was a touch only..the reason I know is because I had sell a trade at 97.75 to close a long and thought myself lucky...one of very few occassions that I looked at the DOM.

About half an hour later or so you would then get your fill...and you would have 3 points on a mit...just hit....or you are still alive.