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My Grid / My System

  • #141
  • Aug 1, 2022 3:10am Aug 1, 2022 3:10am
Quoting OAPDave
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15a.png Size: 24 KB
  • #142
  • Aug 1, 2022 5:15am Aug 1, 2022 5:15am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5b.png Size: 23 KB
  • #143
  • Aug 1, 2022 6:08am Aug 1, 2022 6:08am
Quoting OAPDave
{image}
8-3-8 should be 7-2-7 but I like your efforts.
MY GRID. Markets are NOT random.
  • #144
  • Aug 1, 2022 6:30am Aug 1, 2022 6:30am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 27 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 33 KB
MY GRID. Markets are NOT random.
  • #145
  • Aug 1, 2022 7:55am Aug 1, 2022 7:55am
Quoting tonyb123
{image}{image}
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
Dave
  • #146
  • Aug 1, 2022 8:05am Aug 1, 2022 8:05am
Quoting OAPDave
{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 Dave
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.
MY GRID. Markets are NOT random.
  • #147
  • Aug 1, 2022 8:11am Aug 1, 2022 8:11am
Quoting tonyb123
{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.
No problem at all, I can see once you nail it , it works on any pair
and after all
You are the Boss
  • #148
  • Aug 1, 2022 8:45am Aug 1, 2022 8:45am
I 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 count.

Going off the base scale a 5.0 grid can be used which could provide a trader with a 25 to 75 pip opportunity.

The measured moves are high, middle, low. Or low, middle, high. (3)

What to do when C is not touched and what information that provides.
What to do when C is surpassed on the pullback fro B.
What to do when A is surpassed after creating a 50% A-B or a 100% A-B.
What to do when D is not hit and price turns and surpasses C and or A.
What to do when D is surpassed and price does not pull back to the C.

This is some of the information you will need to master price and its movements. There is a why this happens and a why not as well, that can give you a very nice stress free approach to trading and hopefully provide you a means to predict with a high probability where the market is going.

I have alluded to this before but worth repeating the grid, fib and trend lines are just visual tools. Price and time if you can figure that part out is all you need. Time being the harder of the two to crack incentivized me to focus a way with the limited knowledge to formulate a method to lessen the impact of my ignorance of this factor.

My motto is formulated to this fact, when asked how I account for time? My answer is, "when the market hits my price, its TIME".

My advise until you know the answers is to stick to your current strategy you use, keep learning, with this method or another method that can improve your current position; if you believe it can. If you incorporate this method, become an expert in the basics, which will enhance and speed your learning in the more advance things.
MY GRID. Markets are NOT random.
  • #149
  • Aug 1, 2022 8:52am Aug 1, 2022 8:52am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 28 KB
MY GRID. Markets are NOT random.
  • #150
  • Aug 1, 2022 8:54am Aug 1, 2022 8:54am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30 2 7.png Size: 23 KB
MY GRID. Markets are NOT random.
  • #151
  • Aug 1, 2022 9:08am Aug 1, 2022 9:08am
C3 to D3 leg have not completed yet.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30 B.png Size: 23 KB
Red horizontals are for when there is no pullback to the predefined C.
MY GRID. Markets are NOT random.
  • #152
  • Aug 1, 2022 9:39am Aug 1, 2022 9:39am
Quoting tonyb123
I 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...
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...
Attached Image (click to enlarge)
Click to Enlarge Name: My grid question.png Size: 13 KB
  • #153
  • Aug 1, 2022 9:55am Aug 1, 2022 9:55am
Quoting tonyb123
{image}{image}
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
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM30c.png Size: 28 KB
Click to Enlarge Name: GBPUSDM15d.png Size: 25 KB
Click to Enlarge Name: GBPUSDM5e.png Size: 30 KB
  • #154
  • Aug 1, 2022 10:01am Aug 1, 2022 10:01am
Quoting Swede
{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}
Yes, You can take any D trade counter trend but be mindful of the strength of the market in that situation. Step by step starts here: (use for any pair)

Quoting tonyb123
{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}
The second part, confusion; is because you are trying to isolate your intra day / scalping without a higher swing perspective of where you are located in the structure. Also, the chart time frame means nothing at all in the analysis I use. Time frame is only used to provide the adequate number of candles on the chart to show ABCD waves / swings.

Start like the example in this highlighted post. And look at the pictures of GBPUSD I have posted, stay with the speed I am going.
It took me years to work this out and I have already provided a shortcut for everyone to weeks and a few months at most.

IF you stay at my speed.
MY GRID. Markets are NOT random.
  • #155
  • Aug 1, 2022 10:03am Aug 1, 2022 10:03am
Quoting OAPDave
{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}
EXACTLY! Now turn off the 2 and what will you have?
MY GRID. Markets are NOT random.
  • #156
  • Aug 1, 2022 10:09am Aug 1, 2022 10:09am
Quoting tonyb123
{quote} EXACTLY! Now turn off the 2 and what will you have?
WOW
That's
SO COOL
  • #157
  • Aug 1, 2022 10:17am Aug 1, 2022 10:17am
July 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%
MY GRID. Markets are NOT random.
  • #158
  • Aug 1, 2022 10:32am Aug 1, 2022 10:32am
Quoting tonyb123
July 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%
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'
  • #159
  • Aug 1, 2022 10:37am Aug 1, 2022 10:37am
Quoting OAPDave
{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'
LOL

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% ?
MY GRID. Markets are NOT random.
  • #160
  • Aug 1, 2022 10:41am Aug 1, 2022 10:41am
Quoting tonyb123
{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% ?
Tony
Do not bother or worry about it
PLEASE stick to what your doing
Dave
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