Wednesday, February 6, 2008

Example Of Holy Grail (HG) Setups that Took Place Today








I only took the FXP trade but the others are just for your learning pleasure. enjoy.

8 comments:

Sia said...

I owe my gains today to you for your previous post about the holy grail. I made money on the SPY puts.

http://bp3.blogger.com/_LeSJE0w0FpI/R6pKvJh3IXI/AAAAAAAAARc/ItjNO2QTf4g/s1600-h/SPY+Holy+Grail.PNG

I screwed up on my timing, but I still managed to make some good money!

Sia said...

About the ag post: the agriculture earnings is talked about here.

I hesitate to put links on comments because I know a lot of bloggers don't appreciate it.

A few of the stocks seem to have a head and shoulder formation, but going into earnings this should have no significants... unless earnings is bad and the formation completes.

krazee said...

thanks for the pics stewie. awesome work!

Stewie said...

nice trades in SPY. love that second entry. looks very similar to my QLD example.

Tom said...

Hi,
Two questions for you. First, WHY would you guess that something like this often "works"? That is, do you think it's because other traders having been using the same indicator and it's a kind of self-fulfilling prophecy or is it something deeper?

Second, don't you worry that it'll stop working as it becomes more and more commonly known and too easy to game?

Thanks for your interesting blog.

Tom

ainkurn said...

These are some nice charts. I saw the AAPL setup and almost took it, and I was actually in that FSLR trade but with small size and "bitched out" as LP so eloquently put it in my comments section. Keep 'em coming.

sck said...

Was there a HG setup on AAPL for a short at 130? RSI was under 50 and went back to kiss the 20DMA and then tanked...

Stewie said...

@ Tom: i think technical analysis in general is a self fulfilling. fiboancci, measured moves, moving averages etc etc. I am not afraid it will stop at all. i have been using this method (albeit on daily time frames) for almost 8 years now. This method is not some secret new trading system. it's been around for ever, i just tweaked it so i can use it for day trading. hope that helps.

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