The Actual Grail

[5Pillars]

Yes - higher timeframes give very nice signals........


http://www.charthub.com/images/2006/08/21/Untitled_1.png

....and look at the current signal that worked like a champ SHORTing last Friday's close..........


http://www.charthub.com/images/2006/08/21/Untitled_1_2.png



That is a look of a 30 minute chart....is that a high enough of a time frame for you?

 

[roctrend]

5pillars:

Nice charts. What settings do you use for your Ergodics? Thanks
in advance.

 

[5Pillars]

Quote from roctrend:

5pillars:

Nice charts. What settings do you use for your Ergodics? Thanks
in advance.

Thanks.....I use the Investor R/T "True Strength Index" chart instrument set to the following;

Short Term: 5

Long Term: 20

Price: Hi+Lo+Cl/3

(times x 100)

 

[5Pillars]

Quote from roctrend:

5pillars:

Nice charts. What settings do you use for your Ergodics? Thanks
in advance.

btw, Ensign has some good Ergodic tools also.

 

[romik]

Quote from romik:

If you are sceptical, just do some backtesting, here is a current example in ES, though too short of a TF for accuracy.

EDIT: from the time of posting +1 point!!!, as you can see from the chart an earlier entry was quite possible, hindsight not hindsight depends whether you trust the signal initially and reaction lag also forms part of potential problem. But, B1S2 was referring to longer TFs, I assume from his previous posts, daily/weekly.

I guess it couldn't have been the bullish grail pattern.

 

[Buy1Sell2]

Quote from romik:

I guess it couldn't have been the bullish grail pattern.

Looks good Romik! Yes, I typically mean longer frames but that is my style. It does work in any time frame. The degree of gain is different on different frames and so is up to the individual.

 

[humble1]

Oh, I get it, this is all one big joke....you people were never really serious to begin with.

 

[romik]

Quote from humble1:

Oh, I get it, this is all one big joke....you people were never really serious to begin with.

???

 

[romik]

B1, could I have your opinion on the chart please, 240 TF.

 

[romik]

Quote from romik:

B1, could I have your opinion on the chart please, 240 TF.

Hey Humble, I would say short 1297.75 with PT of 1290.00 Is that good enough for you? Now, I am no expert on these type patterns and B1 hasn't yet answered my question. The price hasn't yet printed 97.75, so when it does you can fire up your sim.

EDIT: Stop 1305.50, that's not an ideal R:R, though that's what mine is intraday, I manage, depends on probability stats.