ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
how can the second trough complete a long grail if there's is short grail in between? doesn't the short grail reset it?

so the pattern you're talking about is divergence?

Quote from Buy1Sell2:

Grails don't have to have divergence to be successful. They can be stronger that way though. The middle long grails do have divergence.==perhaps a quintuple by some traders accounting. I personally see a divergence spread out from the first long grail to the middle long grail and it's a class A. One thing about my method that I have mentioned a lot of times, is that I like space between the RSI troughs.
More...
 
Quote from m4a1:

how can the second trough complete a long grail if there's is short grail in between? doesn't the short grail reset it?

so the pattern you're talking about is divergence?
More...

Most times there would necessarily be short grails in between to drive price down to create divergence. There may or may not be a long grail at the first part of the pattern.:)
 
Quote from Buy1Sell2:

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.
More...

Now
 
This is what I am seeing on the three minute. It looks to break to the upside. I have played three shorts today. Is this representative of your long grail for the day? I might be misunderstanding you.
 

Attachments

Just found this forum. Traded futures for years then had some broker problems and looking to get back into futures again. any feedback on brokers with stable platforms and decent intraday charting would be appreciated
 
Quote from brightstone:

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"
More...

1. What time zone are your charts?
2. My RSI is set to (14,1)
3. Even if setting is the same RSI algo might be different, so there will be differences. But you should be seeing same patterns though, even if they don't look identical.
 
Status
Not open for further replies.
Back
Top