Bill Graves Veteran   Posts: 125 Joined: 11/25/2006 Location: Phoenix, Arizona  User Profile | Yes, you have described the Grail Trade according to Linda's rules. The only comment I might make is that the trade is not usually a V type reversal, although it sure can be with a super high ADX reading. Earlier, I posted the ES 2 min as an example. Actually I took this trade today in the 2 min ER, the contract I trade the most. The 2 min chart is the first one below. I didn't post it initially as an example because of the amount of time it spent below the 20 ema. I just wanted members to see price action right at the 20 EMA. I have also attached the same ER trade in the 1 minute chart. I use the 1 min chart on days of very low volatility. Not necessary today. But you can see the number of bars it took for the trade to play out. Sometimes this will happen in a daily chart as well. If a loop is not necessary, that's great! You are the programmer, not me! -:) Hope this helps. Cheers,  Attached file : Grail_20070611-2 min.png (39KB - 617 downloads) Attached file : Grail_20070611-1 min.png (38KB - 562 downloads) |
