Good demonstration.
The Trouble With Scribbles
- Thread starter Buy1Sell2
- Start date
and this----I posted this to let people see the thought process here. As you can see, this was not a good setup with the daily bar that appeared outside the Bollinger Band and the already overbought condition. In order for this to be a valid setup, the stop would have to be 4310.00. Bollinger Bands are very very important and one must use a much larger stop when buying near the top of the band. I was hoping that someone would have commented that my stop was way too close. Perhaps some thought it but did not mention it.
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Hey! I am still long. Didn't you get the memo!
No--was not aware.
So the stop is only 11pts this time. There seems to be a learning curve in progress here.
Now if only the "grail system" provided some sort of directional guidance . . .
(Oops! Stopped out again. Three strikes. More losses. And the SLA continues to rake it in.)
Stopped out for 11 pt loss. Stops are extremely important. This trade was made on the 1 min chart and was counter trend to the 5 and the 15.
Has anyone else noticed that the three "real-time calls" made so far have all been losers and only the hindsight charts are winners?
Hmmm
And still nothing posted in advance. But that's understandable given that the "grail system" is based on three indicators and multiple bar intervals so is of necessity hindsight.
Hmmm
And still nothing posted in advance. But that's understandable given that the "grail system" is based on three indicators and multiple bar intervals so is of necessity hindsight.