ES Journal Archive (2006 - 2008)

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hey romik, i don't know if my charting package does line charts. right now i just want to use what b1s2 is using. after i feel that i'm in sync with this strategy then i'll see if combining the strategy with other indicators/charts will make it better.
 
I understand that, but what do you gain from using a bar chart when your trade signals are grail based, just compare the 2 charts, which one would benefit you more considering your entry/exit signals - grails?
 

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Quote from m4a1:

what if you find that the opposite grail always gets you out earlier so that your risk/reward is less than 3 to 1?

also, my current trade has a 3 point stop. to maintain 3 to 1, i am looking for a gain 9 points. is this unrealistic for an intraday trade?
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If the grail is getting you out too early, you should probably use profit targets and study the grails more for the future and get better with them. 9 points too much? That's something you will have to decide for yourself.
 
Quote from m4a1:

another question: to maintain a 3:1 ratio, does it mean you need to enter you positions near the reaction low/high so that there is enough upside/downside left?
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If the signals still say to---
 
Quote from m4a1:

why are you smooothing the price chart? the grails are based on rsi, and the rsi on both charts look the same.
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RSI is based on incoming data/time not how you decide to display it, notice that on both charts RSI stays the same (pattern).
 
took profit after i got 3:1. agree that this is a good move? or do you let it run until the opposite grail shows itself?

Code: 
          entry       exit        pnl
short     1379.25     1381.00     -1.75
short     1380.50     1380.00      0.50
long      1385.50     1384.50     -1.00
short     1391.75     1385.50      6.25

*all papertrades
 
i think trying to consistently capture 9 point on intraday trades is unrealistic given the average range is probably around 10 points.

Quote from Buy1Sell2:

If the grail is getting you out too early, you should probably use profit targets and study the grails more for the future and get better with them. 9 points too much? That's something you will have to decide for yourself.
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