{quote} measuring the last major swing before CHF headed north, we have a pretty clear picture of valid entries....key is establishing the last major swing of significance.. {image}
- #4,361
- May 29, 2022 10:35am May 29, 2022 10:35am
- Joined Jan 2015 | Status: Trader | 5,146 Posts
time to set a new grid in preparation of next week {image}
If possible, thank you man.
SF.
- #4,363
- May 29, 2022 4:10pm May 29, 2022 4:10pm
- Joined Mar 2009 | Status: Trader | 2,571 Posts
{quote} Cool grid, also great chart after. Can I have question how you create these exactly? Using cTrader and it's unbelievable hard to do. No idea how. I'm using something similar so far, but I still miss something. If you can help, I'll help other way. If possible, thank you man.
So why does this work so well? It was specially designed by jeanlouie for this group, those who trade one of the methods with the Gann basics of using octaves in both time and price and the extension as price moves. For example, when you find a significant swing, and you just place the grid alone over that area, you automatically have divided the swing by 4, (or 8 if you wish but 4 works best.) It’s like having fibs as a constant on your screen, if that makes sense.
Then add the diagonals as price breaks out and you have extensions of the original swing, some levels strong, some not so much but you will very soon see what price is doing at these levels. There are tons of examples in this thread. Good stuff to read in the beginning pages or go to another thread that specialized in the method.
- #4,365
- Edited 5:33pm May 29, 2022 4:39pm | Edited 5:33pm
- Joined Jan 2015 | Status: Trader | 5,146 Posts
{quote} If you go to the little paper clip at the top of this thread, the grid indicator can be downloaded there. Now, it was specially designed for mt4 so if your broker offers that platform I would encourage you to download it, or open a demo account with someone who has mt4. So why does this work so well? It was specially designed by jeanlouie for this group, those who trade one of the methods with the Gann basics of using octaves in both time and price and the extension as price moves. For example, when you find a significant swing, and you...
Thanks again, I'll come back later.
SF
- #4,372
- May 30, 2022 5:33am May 30, 2022 5:33am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} Using the CHF daily, we can use the grid with a division of 8 to find tradeable levels...I opened up the chart a bit and drew from the low to high.... {image}
{quote} Using the CHF daily, we can use the grid with a division of 8 to find tradeable levels...I opened up the chart a bit and drew from the low to high.... {image}
Have been following Parisboy and your posts for long. I just drew the 1/8 grid on crude and could spot 3 opportunities marked by arrows. Thanks for all your posts.
Regards
