Grains Journal

Quote from Buy1Sell2:

Shorted Sept Corn at 236.75 today
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Closed out Sept Corn today for a loss of 3.25 cents and went long 2 units at 240.00. There wasn't a quick move downward and with the August frost scare season coming up I decided to get long. There also is an increasing bullish look to both the Histogram and RSI here.
 
Buy1Sell2, I happened upon your "grail' signal discussion in another thread last night and found it very interesting. It looks like we have that signal now in the Dec KW 60 minute chart, with good divergence at the low on 8/18 and a nice trough recently formed. Would you consider this a valid signal?
 
Quote from manxman:

Buy1Sell2, I happened upon your "grail' signal discussion in another thread last night and found it very interesting. It looks like we have that signal now in the Dec KW 60 minute chart, with good divergence at the low on 8/18 and a nice trough recently formed. Would you consider this a valid signal?
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Certainly, and this one would allow you a close stop below the 8/18 low(not just one tick--that's rookie). The grail is a combination of this signal and prudent money management. This particular signal does not appear to me to super strong, but may have some upside potential which will then provide a good shorting opportunity soon after.

The great signal on this chart is the divergence between Mid May and beginning of July. This signal you are mentioning is probably tradeable, but use a close stop. :)
 
Thanks for your reply. I just wanted to make sure I understood the signal. Elected not to put a trade on because the risk/reward does not look so great.:)
 
Quote from manxman:

Buy1Sell2, I happened upon your "grail' signal discussion in another thread last night and found it very interesting. It looks like we have that signal now in the Dec KW 60 minute chart, with good divergence at the low on 8/18 and a nice trough recently formed. Would you consider this a valid signal?
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Grail looking good---Hope you went ahead and made the trade with a stop outside the reaction low--:)
 

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No I elected to pass on this trade. It did not look like the reward would be three times my risk, which is generally what I shoot for.
 
Looks like the grail in CZ is starting to work out.

B2S, I'm swing trading grains off daily charts.
Which time period do you prefer for grail signals,
daily or 60 minute?
:confused:
 
Quote from manxman:

Looks like the grail in CZ is starting to work out.

B2S, I'm swing trading grains off daily charts.
Which time period do you prefer for grail signals,
daily or 60 minute?
:confused:
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Daily in Grains. Can you post your CZ chart? Thanks
 
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