Bill Graves Veteran   Posts: 125 Joined: 11/25/2006 Location: Phoenix, Arizona  User Profile | Thank you for this excellent post and the good find on EQ. Tom, the new trigger bar is on 6/7. So, wouldn't we have been stopped in today? Remember, the trigger bar adjusts with each new lower low on the retrace to the 20 EMA. We just don't want Price too far below the 20 EMA. I will try to find out how far a penetration past the 20 EMA disqualifies a grail trade. I also suspect that a lengthy consolidation around the 20 EMA would also disqualify a trade as grail trade. If this EQ trade goes well, the 1.28 FIB extension taken from the March low is at $79.50 ! Thanks, Tom, for sharing all this. Regards,  Attached file : Grail_EQ_EOD.png (36KB - 563 downloads) |
