Disliked{quote} Mate I figure out scenario to use grid 111 & 110 care to share your experience when you use grid 101 E.g. 111 can be use on key levels S/D another e.g. 110 can be use say on daily open or pivot lines. How would you use GRID 101?Ignored
I use 101 when i'm in the middle of a breakout.
For instance we just had an impulse move to the upside.
Market retrace 30%.
Some where in between retrace 30% I execute 101 grid.
When I execute that 101 grid at the 50% of the 30% retracement, it will pick up all the buy limit order and hedge the sell order.
Then surely it will go up and take all the buy stop.
That's the reason why I use 101.
However you must know that the market will continue it's momentum to the upside (bullish trend continuation).
If not then, you will have smaller loses than using grid 111. Because in grid 111 all orders are losers therefore bigger loser than 101 if the market continue go south.
Grid 111, I use it when a breakout about to start. Or during high impact news. It will execute all the buy stop order when the market spiked to the upside. vice versa.
This is not investment/trading advise. Will not hold accountable for loss
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