[mitsubishi]

Originally Posted by elovemer »

....apparently.... there is no interest in the rule of ten .....so far

.... too bad

Let's keep it going mate,others may join later it took you long enough to get me to join in and i'm a fan of r-10 !,so give it time.Yesterdays close at 994.6... a possible short is 1005 but in this instance i would give it a miss as my projected upper targets are 1005 and 1013 and 1013 is nearer the possible sell zone and therefore a safer entry.I will not take long trades for the reasons prev stated.

[elovemer]

.... i am more interested in posting live trades with entries, exits, stops.... using rule of ten....

....it seems either no one is using the rule of ten that i am using.... or else they are not interested in posting....

Originally Posted by mitsubishi »

Let's keep it going mate,others may join later it took you long enough to get me to join in and i'm a fan of r-10 !,so give it time.Yesterdays close at 994.6... a possible short is 1005 but in this instance i would give it a miss as my projected upper targets are 1005 and 1013 and 1013 is nearer the possible sell zone and therefore a safer entry.I will not take long trades for the reasons prev stated.

[mitsubishi]

1013 is where i want to go short and thurs close was 1003.2 so let's see. I think 1007 is a given and there are indications that 998 gets hit which maybe the low today.Very doubtful are 988 and 976 but i have projections there. EDIT i should say that i expect lower lows next week,so should i get this entry at 1013,it will be a swing trade with initial target for 993. I will decide later where i want to exit a 2nd contract

[mitsubishi]

Originally Posted by mitsubishi »

1013 is where i want to go short and thurs close was 1003.2 so let's see. I think 1007 is a given and there are indications that 998 gets hit which maybe the low today.Very doubtful are 988 and 976 but i have projections there. EDIT i should say that i expect lower lows next week,so should i get this entry at 1013,it will be a swing trade with initial target for 993. I will decide later where i want to exit a 2nd contract

Short 3 contracts at 1013. 1st target 993 2nd target 983 3rd target 973 stop 1039 for now

[MightyMouse]

Originally Posted by mitsubishi »

Short 3 contracts at 1013. 1st target 993 2nd target 983 3rd target 973 stop 1039 for now

Are you going to let this hit your target or stop or are you going to get out earlier than 1039 if it starts losing or sooner than 993 if it goes in the money?

[mitsubishi]

Originally Posted by MightyMouse »

Are you going to let this hit your target or stop or are you going to get out earlier than 1039 if it starts losing or sooner than 993 if it goes in the money?

I will stick to the plan unless new information persuades me otherwise.I wonder if you ask me that because you find yourself doing that too often?
If i am correct that the market will make new lows,i think the targets are reasonable,though if we close above 1026 i might consider lowering the stop.With my general strategy it is important to see what day/time of day that prices get hit in order to determine if my play is correct.Price is only a part of the equation.I am still convinced that the rally ended at 1039 and that we are now tracing out a path that will eventually lead us back down to the bear market low.So far,despite the bullish action from 992 low last week,nothing has changed my view on that.Last weeks price action is a bull trap-or i have got this all wrong.
My biggest problem is the market is perfect and i am not

[MightyMouse]

Originally Posted by mitsubishi »

I will stick to the plan unless new information persuades me otherwise.I wonder if you ask me that because you find yourself doing that too often?
If i am correct that the market will make new lows,i think the targets are reasonable,though if we close above 1026 i might consider lowering the stop.With my general strategy it is important to see what day/time of day that prices get hit in order to determine if my play is correct.Price is only a part of the equation.I am still convinced that the rally ended at 1039 and that we are now tracing out a path that will eventually lead us back down to the bear market low.So far,despite the bullish action from 992 low last week,nothing has changed my view on that.Last weeks price action is a bull trap-or i have got this all wrong.
My biggest problem is the market is perfect and i am not

I take myself out of a losing trade before it hits my stop almost always.

[elovemer]

tried 18 yesterday .... but it only reached 19

... from 27