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- Joined Jun 2009 | Status: Member | 1,730 Posts
MY GRID. Markets are NOT random.
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Disliked{quote} Tony Great charts thanks for posting them, really helpful to trade along side Its funny though, I do not trade Gbp Usd but maybe, just maybe as I gain more understanding of your really cool method I could be tempted again Still lots and lots to learn but giving It ago as what I am seeing, even at this early stage seems well worth the effort Thanks DaveIgnored
Disliked{quote} Thanks Dave, I am just focusing on this pair since a lot of traders trade it and hopefully, can derive a benefit from my analysis. + other pairs follow it's path and can be used a correlation tool.Ignored
DislikedI would like to point out why I stick to the 10 pip grid for trading purposes, it is a small base grid and provides the trader with a generous 50 to 100 pip opportunity per trade if the rules are followed. (more if using the grid, trade every level) It is the third smallest grid size available. 0.1, 1.0, 10.0 The 0.1 grid is un-tradable due to spread and candle size of most pairs. 1.0 has the same issue though, at slow times of the day it can be used very effectively for range support and resistance trading, but bearing in mind the range H and L...Ignored
Disliked{quote} Ok then, that clears up some of my confusion about about why the 10 pip grid.....but keeping drawing the overlay is confusing still....would you have taken the short where I drew the blue box, even though counter trend? (It was good for four levels) I surely cant be the only one who is a bit confused....It would be of great help If we could follow you step by step in analizing a 15 min gbp chart.....what is your first step, etc etc... {image}Ignored
Disliked{quote} Good, I am providing some analysis for this pair with 50000 grid and 10000 grid. I like the sequential structure for this pair, I would put it up there with the crypto pairs. The only down is the wide moves in volatility, similar to BTC.{image}{image}Ignored
Disliked{quote} Tony you have taken the July Low (7) did you then decide it was a 7 2 7 and set and turn on your Grid Level Box {image} {image} {image}Ignored
DislikedJuly Low (7) was 1.17600. Using the price breakdown shown in previous postings: AB 50% 1.17600 - 5000 = 1.12600 AB 50% 1.17600 + 5000 = 1.22600 ____________________________ AB 100% 1.17600 - 10000 = 1.07600 AB 100% 1.17600 + 10000 = 1.27600 Someone provide the calculation for 25% and 75%Ignored
Disliked{quote} Onboard Startreck Enterprise Jim to Captain Kirk Jim this is Murrey Maths Jim this is Murrey Maths Jim this is Murrey Maths but not as we know it Its Murrey Maths on Steroids'Ignored
Disliked{quote} I never used Murrey Maths, saw it on peoples charts but never investigated it because it left questions for me. What is the answer for 25% and 75% ?Ignored