Bill Graves Veteran   Posts: 125 Joined: 11/25/2006 Location: Phoenix, Arizona  User Profile | ONT made a new low this morning. So, today's price bar now becomes our bar to watch for entry. We place a buy stop above the high of today's close. The ADX is still > 25 in spite of the retracement. Intraday we are at the .618 FIB retracement, so we may get some support here. A close much below this level would suggest great caution in taking this trade, especially if the 8 EMA crosses below the 20 EMA. The important thing here is that the Grail trading rules have kept us out of the trade Cheers to all! [Edited by Bill Graves on 6/4/2007 4:34 PM]  Attached file : Grail_20070604.png (33KB - 572 downloads) |
