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For those who are interested in the sort of hindsight schematics used to illustrate the RSI Grail method, here are the trades, using 15m bars, that one would have made by applying the SLA/AMT rules following: Where 4440 came from: And an updated copy of the range chart above:

People who have trouble with the written word could do a lot worse than watch Lawrence of Arabia. It's better than nothing, and far better than the nonsense posted in this thread.

And there you are: the LITHA trade. Took a while, but if one is at work, who cares?

Sorry, I don't use indicators at all, nor do I consider volatility. No filters, either. Rather than repost a bunch of charts, I'll just provide this link: http://www.elitetrader.com/et/index.php?threads/the-foresight-thread.290361/

If this is directed to me, I don't use indicators. I look at the trend or the range and plot the means (actually medians) of each, then trade reversals off the extremes, to put it in its simplest terms. For example, from two weeks ago (I believe this is the last one I posted): And these are...

Nor did the Muslim.

GOP Candidates Confounded by Questions from Press The GOP have gotten used to a FOX softball press that offers them a national stage to say whatever they want with no push-back. If the little resistance to their BS we've seen in the last few weeks is any indication of what's to come, it should...

If the rules have been extracted, what's to prevent one from testing it himself?

This is an example of what I call the LITHA trade (Leave It The Hell Alone). It's the sort of thing that is attractive to those who trade while at work or in class or wherever. Here one can see the pre-open range and the initial move up to 19 at the open. Price then drops to 4401. Given the...

There is also the matter of the RSI Grail having made only two points (as of 1047) over the past three days. Most would consider that to be somewhat inadequate. Oops, sorry. The RSI Grail is in the hole again.

Yeah. Too much work.

Scroll back. :)

Again, one cannot be short and long in the same instrument at the same time.

One of the advantages of trading a longer bar interval, of course, is that one can take advantage of trades that occur whether one is in front of his computer or not. One may not gross as much this way, but he can't earn anything at all if he's not in the trade.

Good one :D

So many assumptions here. My, my, my. It's good to know, though, that straight men are so monogamous, so faithful, so chaste. What were those rape statistics again? And divorce?

It's magic.

And of course . . .

And a little context:

Using this recent swing from 4440 to 4370 and back, for example, a Scribbler, depending on how rigidly he followed the rules, trading a 15m bar interval, would have grossed approximately 90pts. At $20/pt, per contract, this can add up (hindsight, of course, would be considerably higher...