Disliked{quote} could you please explain a little bit further what you mean when you talk about time?Ignored
The next very important thing is to determine what is trend and what is range. How do you do that? Range is about 80-85% of all time on the chart. Seriously outperforming the trend in the meaning of TIME.
What happens within a range?
It is a big party taking place. Stop Loss collection they call it. DD is called by the others who hedge THE WRONG WAY (with stop orders).
Do you know how many pips are within an average D1 candle on the pair you are trading?
I hope you do. Lets say GBPJPY has around 160 pips from top to bottom on a D1 candle.
Do you know how many pips there in the other candles?
I do doubt you are aware of that. Here is a little help, from a friend.
H4 has ~450 pips in a D1 160 pips candle.
H1 has ~1060 pips in a D1 160 pips candle.
M30 has ~1,350 pips in a D1 160 pips candle.
M15 has ~1,850 pips in a D1 160 pips candle.
M5 has ~3,150 pips in a D1 160 pips candle.
M1 has ~5,750 pips in a D1 160 pips candle.
QuoteDislikedtalking about strong trending market on some pairs, high spread or news trading with a grid?
I do know you will say I am probably stupid and nuts. I agree, you will be absolutely right on that one! I have an IQ of 75 (below the average of 90) + I am aware I am probably stupid. But it takes a special kind of stupidness, to see what I am showing you here now. And the most of all, the road you are about to walk, I am just getting back from there. I wish you can find something different than the thousands who walked it already, but it is highly unlikely. Why? Because a lot smarter guys than me had been walking it and got the right conclusion. There are no winning grids. They did not know why there are no winning grids (long term). Picking 1 out of 1,900 possible is the reason, they were not consciously aware of.
QuoteDislikedi also missed the grid correlation.. as far as i can tell you can consider all the trades you got open as part of the core logic of the grid so for me there is only one grid and its own way to deal trades running
Time is the one and only single most important factor in forex. Everything is in a correlation with time. Think simple. Think that way. Disrespect timing and you are gone... All the best money management, all the best strategies will not be able to save your ass. And that moment of time will come closer than you had ever imagine it. Timing is everything...
Maadik Hugiis. IQ 69.