OmniTrader Forum OmniTrader Forum
forums calendars search
today this week
 
register logon control panel Forum Rules
You are currently browsing as a guest.
You should logon to access more features
A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.


Only Forum Moderators, Administrators, and the owner of this message may delete it.

 
Bill Graves

Veteran
10025
Posts: 125

Joined: 11/25/2006
Location: Phoenix, Arizona

User Profile
 
Subject : RE: Holy Grail indicator?
Posted : 6/1/2007 9:51 AM
Post #12146 - In reply to #12133

Follow up on yesterday's post 12133 re: ONT:

Yesterday at this time price had exactly touched the 20 EMA. Later, price went lower.

Looking at today's intraday chart early morning, we can see why we wait for price to take out the high of the low bar, still yesterday's price bar. That could well change by the end of today.

Conceptually, the grail trade is a "retracement/then resume" trade.

Cheers to all,

[Edited by Bill Graves on 6/1/2007 10:10 AM]

Attached file : Grail_20070601.png (28KB - 589 downloads)

Deleting message 12146 : RE: Holy Grail indicator?


Nirvana Systems
For any problems or issues please contact our Webmaster at webmaster@nirvsys.com.