The Actual Grail

[Buy1Sell2]

Quote from porgie:

as much as i like b1b2 the ocmment about rsi short and long is nincorrect

When the grail appears , it unlocks the RSI.

 

[porgie]

well, my friend b1b2.........i won't argue the point further....not with you....l like you.....i would in private but not here.......and not worth it in private.......moot point really for us.....either we make money or we don't......argument is for others.......right? george

 

[Buy1Sell2]

Quote from porgie:

well, my friend b1b2.........i won't argue the point further....not with you....l like you.....i would in private but not here.......and not worth it in private.......moot point really for us.....either we make money or we don't......argument is for others.......right? george

really is no argument. I agree that RSI locks up in continued uptrend.

 

[Buy1Sell2]

Grails that I have been trading in the Euro FX. Currently still in the short grail .

 

[Buy1Sell2]

ES, British Pound, Aussie, Japanese, Canadian and Swiss have all offered grails over the past two days. Very easy to spot and trade.

 

[humble1]

Quote from Buy1Sell2:

ES, British Pound, Aussie, Japanese, Canadian and Swiss have all offered grails over the past two days. Very easy to spot and trade.

especailly after the fact.

 

[Buy1Sell2]

Quote from humble1:

especially after the fact.

Pound, Euro and Aussie all posted in real time. The others were not traded. I only post in real time as I feel it is the only honest way to post.

 

[AlpineTrout]

Interesting thread, I've been experimenting with RSI for many years. Have you read Constance Brown's book "Technical Analysis for the Trading Professional"? She has a chapter devoted to Andrew Cardwell's work on the RSI. Mostly has to do with divergences and profit objectives derived from the RSI.

A few questions RE: attachment es 08102006

1) Right after that 1st Buy signal, there appears to be a Sell signal. Would you have exited with a loss?

2) Several bars after the 2nd Buy signal, there appears to be a Sell signal. Would you have exited there?

I'm asking these questions, because you've got trailing stops set up as though you'd still be in the trade after what appears to be two RSI Sell signals. Please explain.

 

[Buy1Sell2]

Quote from AlpineTrout:

Interesting thread, I've been experimenting with RSI for many years. Have you read Constance Brown's book "Technical Analysis for the Trading Professional"? She has a chapter devoted to Andrew Cardwell's work on the RSI. Mostly has to do with divergences and profit objectives derived from the RSI.

A few questions RE: attachment es 08102006

1) Right after that 1st Buy signal, there appears to be a Sell signal. Would you have exited with a loss?

2) Several bars after the 2nd Buy signal, there appears to be a Sell signal. Would you have exited there?

I'm asking these questions, because you've got trailing stops set up as though you'd still be in the trade after what appears to be two RSI Sell signals. Please explain.

You always defer to the trailing stops first and then take the grail second for reversal. Using the trailing stop outside of reaction lows/highs keeps you in the trade. Now , if you wanted to take each signal, that's fine as well, you'll just be more active and have more whipsaws and commissions. It works though too. My preference is to use the trailing stops. Your preference may be different and that's fine. Thanks for the good question!

 

[AlpineTrout]

Do you have any preference for location of closing price within the bands? In other words, you'd still take a long entry even though price closed above the upper band, right?

I noticed you trade a diversified group of futures. Do you find that your methodology works better with futures than stocks?