ES Journal Archive (2006 - 2008)

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I've been following this thread for some time now.
This is how my 5 minute line chart looks, the RS1 is not as marked in terms of high and lows but still readable.
 

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Quote from romik:

I've put some red lines on your chart, they represent current reaction highs, as long as they are not broken - you can stay short.

Simplest way to trade by far.
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Excellent
 
Quote from callmate:

I've been following this thread for some time now.
This is how my 5 minute line chart looks, the RS1 is not as marked in terms of high and lows but still readable.
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I would advise narrowing your time line, that way you would see a clearer picture.
 
Quote from romik:

Very good, I am certain that this way the profit factor would be substantially higher than being in and out on reverse grails and/or applying 'Yo-Yo' type trading. I will post stats of this week's reverse grail test, though a profitable system, it's OK...broker will be happy.
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Still using a grail or divergence to start the trade though?
 
Quote from callmate:

The trade taken by B1 is more visible on the 15 minute chart. The price is making a higher low in line with long grail?
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yes. I've not been rewarded yet. I must be patient. Stop is below the low of day as the reaction low.
 
I would advise narrowing your time line, that way you would see a clearer picture.

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Thanks romik.
 
Ah yes, I remember now the feeling of the daytrade. It is much like Tom Cruise in Risky Business when he was watching the clock and it initially went backwards for a minute and then the bell rang. Sitting there watching the ticks-- :)
 
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