Rule of 10 Journal
- Thread starter jagmot
- Start date
I have a potential short at 6850 subject to confirmation.
About gaps: You always have to watch all 3 indeces. The Nasdaq did close the gap yesterday (also made a nice doublebottom with RSI) and the SPX also closed about 85% of the gap, which is pretty good. A 5 pts gap left, but we could rally up leaving that behind for a few weeks returning to it in October....
The point is that the force to close the gap is not as strong as it seems...
(after all we have a gap at 1320 waiting for 3 months now)
The point is that the force to close the gap is not as strong as it seems...
(after all we have a gap at 1320 waiting for 3 months now)
Sold 6625 s/l 6925 BUY 2/3 6325 and adjust s/l.
Got a feeling this one is going to be tough, but that is my confirmed entry point...gotta live with it.
Knocked out @ 6925.."10" finished for the day.
Of course the irony is that I missed 2 earlier trades that were profiable as I was in the midst of other things. That's the way it goes...we are not robots or slaves to the market.
Ok, all my trades are based on the price performance model that I run. Frequently , the prices are very close. There have been occassions where I got a far better price entry than the "10" price; other times, like today, not so good.
As soon as I took my trade, yep, live...have been for nearly 2 weeks...co-mingled with my other trades, I felt squeemish as the price behaviour was somewhat erratic.
Hoooo noooo
