LESSON 3. Quiz

Rules of the quiz.

You have to complete the quiz before moving on to the next lesson.
Some questions have multiple answers, some do not.
Time is not restricted, take your time, and think twice.
In order to play fair, you can’t cheat the results: After you submit the quiz, your answers become final. Like in the market, there is no free lunch.
After submitting the quiz:
- you will instantly receive your score,
- you will see your progress on the course curriculum page,
- you will see the correct answers, and a « remember that » explanation,
- you will be able to access the next lesson.
  
  Enjoy!

PS/ Thank you to Mintpal for his help!

Quiz.

In considering Bollinger Bands as used in the Holy Grail MRM system, the best places for entry as related to BBs is: * *

i. In stage 3 when lagging BBs are catching up and price pulls back to ma50, assuming all other conditions are optimal.

ii. In stage 3 when ma50 is hairing price and BBs are moving in opposite direction, assuming all other conditions are optimal.

iii. In stage 4 when volatility is increased and BB envelope is nice and wide, with strong deviation of sRSI, with all other conditions optimal.

iv. In stage 4 when volatility is decreased and BB envelope is flat and sideways with sRSI above 75 for short, below 25 for a long, with all other conditions optimal.

The first point of take profit after entering using the chill MRM strategy is the MA20. * *

True

False

After price touches a dynamic support 3 times without breaking it, the support on the 4th touch is no less likely to break than the first 3 touches: * *

True

False

MA50 can be thought of as a mid-term moving average and describes “the health of a trend” on the timeframe in reference. * *

True

False

Bollinger bands as used in the Holy Grail MRM are: * *

i. A measure of volatility.

ii. An envelope plotted at a specific standard deviation value above and below a moving average of price.

iii. An envelope that moves around the ema25.

iv. Used by themselves to determine entries with high probabilities of success.

v. Used in conjunction with other indicators.

MA7 can provide reasonable dynamic support and resistance for price. * *

True

False

MA20 can provide reasonable dynamic support and resistance for price. * *

True

False

EMA25 is preferable to MA20 in utilizing for dynamic support and resistance for price due to its improved accuracy. * *

True

False

Mid-term mean reversing strategy (Chill) requires at least the following: * *

Levels marked out to add confluence to entries.

Fibonacci retracement since it is employed while in a trend.

Steep ma50 slope.

BB entry parameters met.

Reset of stochRSI either above 75 for shorts or below 25 for longs.

It is ok to trade while stoned because "green is from the earth man.." * *

True

False

When faced with a trade where MRM bull chill is showing a setup, but Babylon is showing that this timeframe is getting overextended (presignal), a trader utilizing the Holy Grail system should: * *

i. Trade the ma50 with full size on the chill because it is showing an optimal setup regardless of Babylon RLTE potential presence.

ii. Be cautious due to Babylon showing a bearish RLTE formation.

iii. Look to higher TFs to help further guide any trades, especially focusing on Babylon/RLTE setups.

iv. Be aware that high tf governs low tf (long term governs mid term) so the trader should consider entering the a long "to" the pocket, with lower size than usual.

It is fine to primarily view 1 or 2 timeframes only while employing the techniques taught in the Holy Grail course. * *

True

False

The best trends occur when a trend is present on two or more timeframes. * *

True

False

Short-term mean reversing strategy includes the following: * *

i. Requires a strong trend

ii. Is also known as the “chill” MRM

iii. Requires price to trade in the river, though some entries at the kiss of the river can be profitable

iv. Requires momentum cycle reset of stoch RSI

v. Employs the ema25 as one of its primary indicators

An excellent method of using MRM chill is to begin entries on a low time frame, such as 1h, then start watching for pull backs on the 4h, then 12h, then 1d if trend still occurring, all while manage each of those entries simultaneously. * *

True

False

LEGENDS COURSE

LESSON 3. Quiz

Rules of the quiz.

Quiz.