ES Journal Archive (2006 - 2008)

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If you are trading the 3 minute ( and I am not) , there is short grail and bearish divergence at the moment. It would be counter trend.
 
Quote from m4a1:

what do you think of using constant volume charts?
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I have never used them, so I don't really know or have much of an opinion. (Actually don't know what they are). They are probably too much info, and my guess is that they have more bearing on a very very short time frame. I would also guess that they are not essential. :)
 
Hello Romik,
I was comparing your chart and mine and the RSI seems to be different.

This is a recent chart.

Is it the same? If not any suggestions.... I would like to test more on the grail system you are using and the charts are too smooth on my side. If I use a 5 it is too "jumpy"
 

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Quote from Buy1Sell2:

If you are trading the 3 minute ( and I am not) , there is short grail and bearish divergence at the moment. It would be counter trend.
More...

This trade would have netted 6 points. I tend to think that trades intraday have a useful probability of 6 points if you are using profit targets only. This would apply to 1 3 5 and 15 charts in my view. You will miss the bigger moves this way, but 6 points happens a lot.
 
Daytraders watch that ole 3 minute today. Long pattern not complete, but the seeds are being sown. May not happen, but worth watching here. If I am around and it completes, I will post it.
 
Quote from m4a1:

long grail + macd cross?
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waiting for a macd cross is many times too late, however they can correspond as they did a bit in this chart. The Macd cross for me is looked at as continuation usually. Anything else that you can see?
 
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