The Actual Grail

5Pillars · Aug 24, 2006

This was my "grail" LONG of the day off an Ergodic Divergence that happened in concert with a market delta trend change.........

http://www.charthub.com/images/2006/08/24/ESDeltaTrend345_4.png

.....and here was your perfect "second chance" LONG entry from the same move.............

http://www.charthub.com/images/2006/08/24/ESDeltaTrend345_5.png

humble1 · Aug 24, 2006

Quote from infolode:

No Grail exists

there is one, but it isn't a technical inidcator, chart pattern, or anything else most think.

Buy1Sell2 · Aug 25, 2006

Quote from humble1:

there is one, but it isn't a technical inidcator, chart pattern, or anything else most think.

The grail is the RSI pattern coupled with prudent money management. It exists and has made me successful for a very very long time.

Buy1Sell2 · Aug 25, 2006

When I see a grail either long or short that I like, I will post a chart. I am normally a position trader and so will be looking at the daily chart for the most part, but I do look at hourlies, so when I see one I like , I will post it. The grail is one part of my method which is heavily into selling option premium. My gains yearly range from 50 to 80 percent of total liquid net worth although in 2004 it was 145%. I offer the grail as help to others.

science_trader · Aug 25, 2006

Quote from RhinoGG:

Price makes Higher Low
MacD cross
RSI makes Higher Low

...priceless

For everything else you have mastercard....

humble1 · Aug 25, 2006

Quote from Buy1Sell2:

The grail is the RSI pattern coupled with prudent money management. It exists and has made me successful for a very very long time.

Obviously I am not convinced just because you say so and you have offered no proof at all. If you have, then I haven't seen it. Just post the proof.

Buy1Sell2 · Aug 25, 2006

Quote from humble1:

Obviously I am not convinced just because you say so and you have offered no proof at all. If you have, then I haven't seen it. Just post the proof.

When I see a proper one, I will. As an aside, I have already posted many real time trades on ET. I am one of the few that do. I pride myself on putting info out there in real time and open myself up for criticism. I don't have to do this, but I enjoy it.

infolode · Aug 25, 2006

Quote from Buy1Sell2:

When I see a proper one, I will. As an aside, I have already posted many real time trades on ET. I am one of the few that do. I pride myself on putting info out there in real time and open myself up for criticism. I don't have to do this, but I enjoy it.

Fair enough.

5Pillars · Aug 26, 2006

Here was the super "grail" LONG of the day..........

http://www.charthub.com/images/2006/08/26/ESDeltaTrend345_3.png

So how do we spot a market delta "grail" LONG trade?

http://www.charthub.com/images/2006/08/26/ESDelta1.png

We start by looking at the "net" selling that came out of the open until 08:34 a.m. which made a low of 1294.75 . Then we observe the highly diminished "net" selling that brought price back to 1294.75 at 08:41.

At 08:42 and 08:43 we have short covering and new initiated buying which negates all previous "net" selling to the days low of 1294.75....an entry @ 1296.00 during the 08:43 bar would be optimal as you are entering your position in a burst of "net" buying momentum (this is above the downtrend line of "price" from the open....potential trend change).

After this entry, price rocketed to 1301.75 (thanks Bernanke for the statement release......love it when Fed speak makes for a very profitable trade).

This was a really nice "grail" LONG in a rather flat Friday lunch period..........

http://www.charthub.com/images/2006/08/26/ESDeltaTrend345_2.png

Grails are around every day.....you just have to spot them.

Buy1Sell2 · Aug 26, 2006

Quote from 5Pillars:

Here was the super "grail" LONG of the day..........

Grails are around every day.....you just have to spot them.

These were not grails as I define them. They were good signals in your system it looks like though!