Got knocked out 6575...sixth sense told me to halve my exposure ....didn't...loss on day ...back tommorrow.
Rule of 10 Journal
- Thread starter jagmot
- Start date
Got knocked out 6575...sixth sense told me to halve my exposure ....didn't...loss on day ...back tommorrow.
NQ's recent swing high = 1924
NQ printed 1823.
NQ printed 1823.
Well I missed by a tick. What if I had entered and got stopped out by a tick, then would we also say it was a mistake?
System is down after a day and a half, no big deal in my book.
Anyways, pulling orders until after we get the beige book headlines. I see the orders and volume are getting pretty light here about 40m before.
I am jumping ahead of myself, but there is a SHORT 7450 confirmed from 6525 +10...picking up an either 3 point profit 7150 or stopped 7750.
Noticed that both "hard 10" and 9-11 in.
Strictly speaking, I should not have put this trade on until after 4.30 est.
Noticed that both "hard 10" and 9-11 in.
Strictly speaking, I should not have put this trade on until after 4.30 est.
trying to get filled 1276.25 (missed the .50 by 5 mins).
That's a good place to go short, as I see negative divergence on the histo.
Edit: I'm in.
Edit2: Today's move of the day was Pekelo's call to short @ 1281. Unfortunately I was:
1- Biased to the long side
2- At work
3- Affraid of the beige book
to take it.
I took this morning's long signal (I jumped in @ 1271) and got out at 1277 on 1 contract. Scraps compared to that 1281 short.
Oh, and I kept last night's sell @ 1278.50 and it hit, so I was neutral for this morning.
Too bad I can't post during work hours (firewall), or else I'd help make this board (and the ES one) livelier.
That's a good place to go short, as I see negative divergence on the histo.
Edit: I'm in.
Edit2: Today's move of the day was Pekelo's call to short @ 1281. Unfortunately I was:
1- Biased to the long side
2- At work
3- Affraid of the beige book
to take it.
I took this morning's long signal (I jumped in @ 1271) and got out at 1277 on 1 contract. Scraps compared to that 1281 short.
Oh, and I kept last night's sell @ 1278.50 and it hit, so I was neutral for this morning.
Too bad I can't post during work hours (firewall), or else I'd help make this board (and the ES one) livelier.
Quote from Pekelo:
Looks like hindsight.
Seriously, it would be better if you could comment beforehand. On the other hand using the same entries as Jagmot I would have ended up positive yesterday (both trade #2 and #3 went in the money and there was an exit signal), but of course one has to watch other indicators too. Nothing is wrong with taking 2-3 pts, several times that's all what the system gives. I ended up with 12 pts last week and I never had a nice 10 pts gainer...
I agree with the huge gap and the possibility of filling. That's why he should have taken smaller gains. It will be interesting to see different exits and I will be posting them real time....
All of the losing trades came from taking long signals, what does that tell you about the trend ? If one followed what the simple 9/18 was saying they would not have taken those long signals. Simple as that. As I have said all along, if you are on the wrong side of the trend using r10 then you will grind all day and will only be able to capture minor retracements. 9/18 helps keep you on the right side of the trend period and lets you capture more profits by riding the intraday trend. There is a reason why I never let myself lose more than 3 points total in a day ever.