(anti)-HolyGrail Day Trading Method (It applies for today's price action)

Quote from MandelbrotSet:


Holy Grail's thread is one of the best things going around here and something desperately needed by the nOObs, even though they are too clueless to realize it.
More...

Not all of them :cool:
 
Quote from riskfreetrading:

What do you think are the chances of this simple trading system to show profits tomorrow?
More...

50/50. If you don't believe me, run a backtest and see for yourself.
 
One of my rules is never to sell a candle when the price closes at the high and never buy a candle when it closes at the low. But, I've noticed when that happens the move above and below that kind of candle is typically limited. So, you're trade of selling today's close is a pretty good strategy based on my experience. You may need to adjust your stop out a little but that's your call. I will be looking to sell the market short tomorrow AM if we get a gap up. Housing starts at 8:30 may change that however. If we sell of on that I'll be buying.

Quote from riskfreetrading:

I will state the method, and give the reasons of the naming later. This applies to indices (not stocks), and price actions such as what NDX did today at the close:

1. If index (NDX) closes at high of day trading range, and close to a flat or decreasing daily bollinger band, short the index.
2. Cover sometime tomorrow on the assumption that the next bar (tomorrow) will have its low shadowed by the body of todays bar.

What do you think are the chances of this simple trading system to show profits tomorrow?

I shorted NDX (via some vehicles) when it was at 2032 at today's close, based on the reasoning above. How much do you think I will lose or gain tomorrow, and what are my chances?

The name came because of some ET members led by (HolyGrail) who think selling the top of a day is always a bad proposition, and that one should always buy at the close when the day high is at the close. My view is that it is not true with an index closing near a bollinger band when the latter is is flat or decreasing recently.
More...
 
Quote from riskfreetrading:


So what you opinion on the trade setup? If you do not say anything, then I will take it that you will be LONG (the opposite of me).
More...

Why would you assume that if someone doesn't agree with your setup that they will trade the opposite of your trade? My setups have nothing to do with your setups. If my setup calls for me to be long and you just happen to be on the other side of the trade then I at least know I have a 99.99999% chance of success. :D
 
Quote from riskfreetrading:

I will state the method, and give the reasons of the naming later. This applies to indices (not stocks), and price actions such as what NDX did today at the close:

1. If index (NDX) closes at high of day trading range, and close to a flat or decreasing daily bollinger band, short the index.
2. Cover sometime tomorrow on the assumption that the next bar (tomorrow) will have its low shadowed by the body of todays bar.

What do you think are the chances of this simple trading system to show profits tomorrow?

I shorted NDX (via some vehicles) when it was at 2032 at today's close, based on the reasoning above. How much do you think I will lose or gain tomorrow, and what are my chances?

The name came because of some ET members led by (HolyGrail) who think selling the top of a day is always a bad proposition, and that one should always buy at the close when the day high is at the close. My view is that it is not true with an index closing near a bollinger band when the latter is is flat or decreasing recently.
More...


Keeping shorting the most bullish outperforming index that is trading above its 200 moving average ( which has turned into support level ) and keep losing your account value. I hope your losses tomorrow open your eyes to the bias you are holding against the market, it will be a good lesson to learn.
 
Quote from HedgefundTrader2:

Keeping shorting the most bullish outperforming indexes that is trading above its 200 moving average ( which has turned into support) and keep losing account values. I hope your losses tomorrow open your eyes to the bias you are holding against the market, it will be a good lesson to learn.
More...
He's good.

He's going to take a 5 point profit, move his stop to breakeven, and call it a successful trade. :p
 
Quote from HolyGrail:

I at least know I have a 99.99999% chance of success. :D
More...
in lying you mean? But I caught you earlier today in the other thread.

I warned you earlier that if you continue you campaign of games and manipulations that I will tell people your true nature.

ET members: This guy is a LIAR. He made multiple lies in the time of a few minutes. The proof is in the link below.

The essence of one of his lies is that he kept stating that NDX's high in the middle of day already went above 2027 when it did not even reach 2024. If this guy can lie about an index (a fact) what do you think he can do in other situations? He made other lies, check the link.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=99143&perpage=6&pagenumber=227

Also his quote of me is taken out context and from another threads. Is lying not enough for you HolyGrail? Do you want to become a falsifiar?
 
You must log in or register to reply here.
Back
Top