The Actual Grail

Quote from JSSPMK:

Exactly, isn't the Monthly still bearish? :)
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right, but your divergence now is on weekly :D
so if you are trading of weekly divergences, you have to look at the weekly trend, which is up.

What confuses me actually is slightly different point. B1S1 said that he is planning to trade the break out system now.. does that mean he abandoned The holy grail as invalid? :confused:
 
Quote from Anna K.:

right, but your divergence now is on weekly :D
so if you are trading of weekly divergences, you have to look at the weekly trend, which is up.

What confuses me actually is slightly different point. B1S1 said that he is planning to trade the break out system now.. does that mean he abandoned The holy grail as invalid? :confused:
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1. OP doesn't say that grail has to be in direction of a trend on that time frame (or did he mention it in a later post?);

2. Isn't grail also considered to be a countertrend signal?
 
Quote from JSSPMK:

1. OP doesn't say that grail has to be in direction of a trend on that time frame (or did he mention it in a later post?);

2. Isn't grail also considered to be a countertrend signal?
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OP does say that you should only trade in the direction of the trend, so it's a trend following system... at least in my understanding...
 
Quote from Buy1Sell2:

This RSI pattern is the closest thing to a holy grail in trading-whether long or short(just use it when inverse)--(when coupled with prudent money management it's a grail). Yes it is that simple--
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The RSI is the Holy Grail? I can't believe it! It's been found after all these years! By George, you've done it!
 
Quote from southbeach4me:

.........if its the Grail then its only half full of a good Pinot Noir wine bcuz the smaller the time frame the less reliable it is. This is bcuz of more "random walk" prevalence

.......usually gives you more defined diverg. signal when you're looking at time frames of 15 min and longer.....from my experience.
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+1
 
I thought you mentioned that you sell premium in an earlier post. Do you sell naked options with a stop based on the grail trades or not?

I was thinking about trying that with real money based on grail setups.

Also, if you do sell options, how far off do you have them set for expiration?
 
@Buy1Sell2

Thanks for sharing. Would you mind posting some charts where this method didn't work? I always want to see the negative before I see the positive.

Thanks in advance.
 
Quote from oraclewizard77:

I thought you mentioned that you sell premium in an earlier post. Do you sell naked options with a stop based on the grail trades or not?

I was thinking about trying that with real money based on grail setups.

Also, if you do sell options, how far off do you have them set for expiration?
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Yes --mental stop of course on options--I think one needs good directional analysis for selling naked premium and so better off to trade with the trend. I usually don't like options with more than 2 months til expiry.
 
Quote from TraderD:

having a structure is good, but not all?...
If 2 or more people trade on the same timeframe and enter at the same time with agreement on the entry signal, their success will depend on the ability to determine when the trade is "wrong" or "right"....how to tell right from wrong?
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Stop needs to be less than 2% of TLNW and positioned outside of the noise.:)
 
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