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Rule of 10 Journal
- Thread starter jagmot
- Start date
Quote from ryank:
If you don't mind, can you give us some summaries of how the old/new strategies are working over time now that you have a few weeks under your belt.
I'm working on it now...but its really only been 2 weeks (9 trading days with Labor Day).
We also made changes as far as making trades using 512 tick chart vs 5min chart.
Quote from jagmot:
I'm working on it now...but its really only been 2 weeks (9 trading days with Labor Day).
We also made changes as far as making trades using 512 tick chart vs 5min chart.
Got distracted and then last second I got a chance to go to the Cardinals Dolphins game. I ll work on it later today / tonight...
Not making any r10 trades today. I just don't think a 3 pt stop is big enough in this market. I'll watch from the side.
Quote from jagmot:
Got distracted and then last second I got a chance to go to the Cardinals Dolphins game. I ll work on it later today / tonight...
Not making any r10 trades today. I just don't think a 3 pt stop is big enough in this market. I'll watch from the side.
I'm with you, I'm on the sidelines today with everything going on.
Quote from jagmot:
Got distracted and then last second I got a chance to go to the Cardinals Dolphins game. I ll work on it later today / tonight...
Not making any r10 trades today. I just don't think a 3 pt stop is big enough in this market. I'll watch from the side.
Attached is my current spreadsheet of the system. Hopefully it all makes sense and please feel free to ask questions.
Once we get past the actual results, (on the right side) is tracking of what if results.
For instance, (in the new system) if we use a trailing stop on both contracts vs taking the 3pt target initially.
Every time we get a stop out at a loss or lower than 3pt target on the second contract might be more then made up for the additional runner. Right now, the system would be better off by 10+ points if we just trailed both contracts.
If this continues to be the case, we can update the system and use other targets, perhaps tracking next say an 8pt vs 10pt, vs 12pt, etc and see if that works better than trailing both contracts.
I plan on keeping a trailing stop as it keeps us out of a trade the opposite way when the market is 'too trendy'.
I didn't trade the system today, I'm not sure if we are going to be able to trade it the whole week the way the market volatility is currently. My plan is see the range overnight and possibly the first hour before I start to trade r10 system live.
I will post on here if and when I do.
Attachments
I had a feeling that stop loss was going to be too close. Instead of a big winner I'm looking at going short 82.75.
Paper trade
short 82.75 s/l 85.75
doesn't look good for this trade
Edit; Out at 85.75, loss of 3
By Jag's rules he is still in for a huge winner so far.
I've got to step out for a while, will have to see how the market does later this morning.
Paper trade
short 82.75 s/l 85.75
doesn't look good for this trade
Edit; Out at 85.75, loss of 3
By Jag's rules he is still in for a huge winner so far.
I've got to step out for a while, will have to see how the market does later this morning.
Quote from jagmot:
I didn't trade the system today, I'm not sure if we are going to be able to trade it the whole week the way the market volatility is currently. My plan is see the range overnight and possibly the first hour before I start to trade r10 system live.
I will post on here if and when I do.
No trades again today. Same plan as before..