Rule of 10 Journal

Pre-open low was 1268.5 or we had another low recently at 1271.25...

So far a short at 1278.5 looks like working...
 
Quote from Pekelo:

Pre-open low was 1268.5 or we had another low recently at 1271.25...

So far a short at 1278.5 looks like working...
More...

Are you finding that the pre open low's (globex) works better than the reaction low?
 
Quote from jagmot:

Nope unfortunately not, I was asleep at the time. I would have hit target 1 on a long.

I'm going to wait until after Factory Orders at 10AM EST is released before I setup the next trade.
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Ok orders bracketed at 1281.25 and 1270. Let the waiting game begin...
 
Quote from Zodiac4u:

Are you finding that the pre open low's (globex) works better than the reaction low?
More...

The 2 were pretty close to each other less than 3 pts away, so even a short somewhere between 78.5-81 would have been justified. I posted it a bit late, so I don't know if we should count it...
 
Quote from Now is Now:

Jagmot,

Although you missed the 6975 to 7975 (10 pointer) a completed trade, why would not then take the reverse SELL 7975 s/l 8275?
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I am waiting for 81.25 from the 9:40 and 9:45AM EST bars. Plus I was also waiting for factory order news to come out.

Now using 83 from 10:20AM EST 5min bar

Also Beige book later today, I thought I just heard that on CNBC.
 
Quote from jagmot:

I am waiting for 81.25 from the 9:40 and 9:45AM EST bars. Plus I was also waiting for factory order news to come out.

Now using 83 from 10:20AM EST 5min bar

Also Beige book later today, I thought I just heard that on CNBC.
More...

Long 1271 2 contracts
Stop 1268
Target 1 1276
Target 2 1281

Full Stop out

New long waiting at 1263.75
 
Quote from Pekelo:

The 2 were pretty close to each other less than 3 pts away, so even a short somewhere between 78.5-81 would have been justified.
More...

Just reached the 10 pts gain area... I think not entering short in that area was a mistake...
 
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