Little Rock, AR
Posts: 3 since Mar 2012
Thanks Given: 0
Thanks Received: 1
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Here is a second attempt at a Holy Grail trade this morning. The first trade was stopped out for a small 1R loss. This second trade was well worth it with an 18 R/R.
This trade was from a 1 minute DP setup at the end of a 5 wave sequence which is not the typical ABC pattern for a Holy Grail trade. But it was the first correction to the first reversal off major support. The ES, YM, & NQ daily charts were either at a wave C wpt or in a wave 2 zone; all three 15 minute charts were in major DP's & 1 to 1 1/2 ATR zones; and wave price targets (ES: wave 5, YM: wave 3, NQ: wave C).
So although the trade setup was not a typical ABC pattern, the 3 minute charts did show an ABC pattern and with the multiple timeframe support, I decided to hold out for the wave 3 target (did a lot of praying before it got there though!).
Unfortunately I'm not allowed to post the image yet since I don't have 5 posts. Sorry.
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