EYEGUY Icon    Posts: 1543 Joined: 12/12/2003 Location: BALDWINSVILLE, NEW YORK  User Profile | You are indeed correct! The reason I marked the chart as I did is that I thought the entry point (Buy Stop) was the high of the bar immediately preceding the penetration (or touch) of the 20-day EMA. That, of course, would be on June 4th as marked. However, I am happy to learn that my assumption was in error. That must be why Kris' system fired (although I failed to understand why at the time). It sure looked like a good trade with the mighty gap up! I would appreciate it if you could investigate how long activity below the 20-day EMA could continue before a buy would not be qualified for a Grail trade. Also could you clarify what you mean by a 1.28 FIB extension, please. Thanks, Tom Helget P.S. Attached please find three more EOD Grail trades using my new understanding of where the Buy Stop should be placed. No guarantees! [Edited by EYEGUY on 6/14/2007 1:20 PM]  Attached file : Capture6-14-2007-2.12.44 PM.jpg (238KB - 566 downloads) Attached file : Capture6-14-2007-2.12.12 PM.jpg (235KB - 557 downloads) Attached file : Capture6-14-2007-2.11.41 PM.jpg (246KB - 556 downloads) |
