Rule of 10 Journal

[jagmot]

Quote from jagmot:

(This trade would have just been stopped out in full if we had used the original 5pt target)

Is anyone reading between the lines here?

I hate to point out the obvious (at least to me) but here goes.

Based on the data (although small sample size) it looks like if r10 goes more then 5pts, the probability of going to 10pts is quite high (our sample size it was 100% on actual trades) and over the past few months more than 70%.

FWIW
Jagmot

 

[jagmot]

Quote from jagmot:

I have traded like this, but haven't tried it for r10.

I had 1232.50 as the next short but it didn't get hit.

Edit: 1233 even.

Short 1233.00
Stop 1236.00
Target 1 1230.00
Target 2 5pt trailing stop (after target 1 hit)

Stopped out in full.

 

[jagmot]

Quote from jagmot:

Short 1233.00
Stop 1236.00
Target 1 1230.00
Target 2 5pt trailing stop (after target 1 hit)

Stopped out in full.

Long 28.50
Stop 25.50
Target 1 31.50
Target 2 5pt trailing stop (after target 1 hit)

Target 1 hit
Target 2 stopped out at +.5

 

[jagmot]

Quote from jagmot:

Long 28.50
Stop 25.50
Target 1 31.50
Target 2 5pt trailing stop (after target 1 hit)

Target 1 hit
Target 2 stopped out at +.5

Short at 33.25 waiting.

Filled and stopped out.

 

[Pekelo]

Forgot to mention but we are having the same type of day as yesterday, so we probably top around 3 pm...

 

[jagmot]

Quote from Pekelo:

Forgot to mention but we are having the same type of day as yesterday, so we probably top around 3 pm...

Let's hope so, just got filled on 42.00 short. Was debating on whether to use 36 as new bottom when I got filled.

Target 1 just got filled.
Trailer 2 just got stopped out at -0.75.

 

[Pekelo]

So far top was at 2:54, then dropped 4+ points...

 

[jagmot]

Moved happened so quick there....

Next long was at 33.25, however I wasn't ready and got lucky with a long at 32.50. (either way the trade hit the first target)

Target 1 filled
Trailer 2 still open, currently at 31.25

Got our first runner, trailer is now at 49.00 (cant keep editing fast enough)

Is there some news?

 

[Now is Now]

Quote from jagmot:

Moved happened so quick there....

Next long was at 33.25, however I wasn't ready and got lucky with a long at 32.50. (either way the trade hit the first target)

Target 1 filled
Trailer 2 still open, currently at 31.25

Got our first runner, trailer is now at 47.25 (cant keep editing fast enough)

Just got in...congrats Jagmot

 

[jagmot]

Quote from Now is Now:

Just got in...congrats Jagmot

Thanks! That was one crazy up move (still in at 49, so we could continue..cant edit anymore past 30m on my other post). There must have been news leaked to the big boys.

My guess is BofA is buying Lehman.