Well, that was a big resounding flop. Apparently tracing paper, when having lines drawn on it, likes to roll up at any given opportunity and not let you draw the knitting grid lines straight. *grr*
However! I've come up with a solution, and easier in the long run too. I've printed out a smaller version of the banner, cut the tracing paper down to size, and printed the grid pattern onto the tracing paper! One slight problem though; I'm out of ink!! T_T Oh woe is me! *sigh* Ah well...buying ink delays me buying yarn, but I'll get there eventually!!