Is the Holy grail a viable method??

Discussion in 'Technical Analysis' started by stocon, Jan 3, 2003.

  1. pretzel

    pretzel

    Ok, the Scalper script is based on another LBR method called "short skirt" - which is traded on 1-min charts but is similar to the "holy grail". The script uses a 2.5x Keltner band as the basis for the swing high or low point from which to wait for the retracement. The "holy grail" is based on 5-min charts. Sorry for the confusion. You can read about both methods from a page which I saved from the original free LBR site. I think there is a similar method using a 13-min time frame called Prodigy.

    The general method is the same - trade with the trend and enter on a retracement with the following nuances -
    1. time frame to trade
    2. how to determine trend
    3. how far to retrace before entering
    4. additional filters
    5. targets and stops
    6. filters, filters, filters (ex, trade only the first 2 retracements, etc)


    pretzel
     
    #31     Jan 6, 2003