Rule of 10 Journal

"So say a prayer for the weary
Say a prayer for the lost
Say a prayer for the hungry
They’ve all paid the highest cost
You know hope is there to find
We’re all too quick to condemn
So lay your hands on a desolate soul
Yeah cause someday you just might see them"
 
Here is the first trade setup with the live money account. I'm going to bed, so I will just be placing the short overnight (since it is closer to the short then the long)

Short 2 contracts waiting at 1288.50
3pt stop at 1291.50
Target 1 1283.50
Target 2 1278.50

If target 1 is hit, a trailer of 19 ticks is then placed on the trade (automatically).
 
Quote from ammo:

the charts give you a glimpse into the mrkt,thats all, a primer,when you are long and up and you see the market turn 2 points before your expected target ,get out,take the money,and be happy,thats trading,it has very little to do with homeruns or being right,mostly it has to do with not being wrong,if you can learn how to be wrong in a smallway you might survive ,remember they are a tool only,when the ladder starts to give underneath you ,you instinctively forget about the paintbrush,common sense always comes first
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If by badass you meant loser, yes. Both his and Jagmot's entries got stopped out, currently at 1293....Well, Decel cancelled the trade....I think his was the correct entry, by the way.
 
Quote from jagmot:

Here is the first trade setup with the live money account. I'm going to bed, so I will just be placing the short overnight (since it is closer to the short then the long)

Short 2 contracts waiting at 1288.50
3pt stop at 1291.50
Target 1 1283.50
Target 2 1278.50

If target 1 is hit, a trailer of 19 ticks is then placed on the trade (automatically).
More...

First trade full stop out.

Current orders are bracketed against the market

Long at 1286
Short at 1301
 
Quote from ammo:

76 low, 95 high so far,9 and change,what a lousy system ,only 9 points profit
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By what math did you get any profit? A 76 low indicates SHORTING at 86, and by the way feel free to post it beforehand if somehow you actually got a long entry....you know, journal integrity and such.
 
Quote from jagmot:

First trade full stop out.

Current orders are bracketed against the market

Long at 1286
Short at 1301
More...

Filled short 1301 with stop at 1304, targets at 1296 and 1291.
 
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