ES Journal Archive (2006 - 2008)

[JohnBob]

Quote from Spooz Top:

B1....nor is TQ spooz top

And while we are at it, I'm not me either, just a figment of my imagination.

JB

 

[romik]

LOL JohnBob

I guess it doesn't really matter who is who, quality info is the only important aspect.

 

[Spooz Top]

Quote from tradequicker:

sometimes is not good enough.....

actually ,it is if the pic is clearer on another TF........& money is made from it...........nuff said!

 

[brightstone]

My RSI on the three minute with long and short grails looks like a decreasing wedge.

 

[romik]

.

 

[brightstone]

short grails have it. Looking for next opportunity.

 

[Keeper]

Interesting thread.

What did we learn today?

I hope it was to trade with the current trend as soon as you have identified a trend day.

 

[Buy1Sell2]

2 or 3 very good shorts today on the 3 min. 1 or 2 so so longs. I'll post my chart later after annotated.

 

[romik]

Today's results (Daily range 16.75 pts):

Short 1386.75 (9.05am) +7.25
Long 1379.50 (12.14pm) -3.00
Long 1377.75 (1.00pm) -3.25
Long 1379.00 (12.46pm) +0.00
Long 1372.25 (3.47pm) +0.75

Total: +1.75

All entries are solely based on grails in RSI on 5 min TF and a simple line chart.

N.B. As you can see last 3 trades have not been reversed as I could not see a reverse grail, therefore stops had to be used.

 

[Keeper]

Quote from tradequicker:

if it is impossible to know what next bar brings how can you identify anything for the entire day? there is nothing to ever tell you it is a trend day until the day is done

Instead of tradequicker, you need to trade slower and refer to a higher timeframe and then trade on the lower timeframe. Basic stuff.