ES Journal Archive (2006 - 2008)

[brightstone]

Did you take that off of a 3 minute or 5?

Quote from volente_00:

grail short at 1375.50

 

[volente_00]

I only trade 5's

 

[volente_00]

This is my own grail system so do not confuse it with anyone elses.

 

[m4a1]

short 1372.75

 

[Keeper]

Market looks weak, I would short on pullbacks.

 

[Buy1Sell2]

Here is the current 15 min chart showing a grail with sharp peaks. No divergence here, but a short would be taken . The price was 1373.00 at the time of the grail.

 

[frogman]

is this a scalping thread or a longer term positional system we are testing? thanks frogman

 

[Buy1Sell2]

Quote from frogman:

is this a scalping thread or a longer term positional system we are testing? thanks frogman

There are day traders here and myself, I am a long term position trader. There are no scalpers here and most likely not on much of ET. Scalping is trading for the minimum tick size or the bid/ask spread. Anything beyond that is not scalping.

 

[Buy1Sell2]

Here is the current 15 minute continuous chart also showing short grail but it looks a bit different.

 

[Buy1Sell2]

Quote from frogman:

is this a scalping thread or a longer term positional system we are testing? thanks frogman

To the second question, Romik is testing intraday using the 5 minute chart. The system works in any time frame though. For example , I apply it successfully to daily, weekly and monthly charts.