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My Grid / My System

  • #201
  • Aug 4, 2022 10:21am Aug 4, 2022 10:21am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 22 KB
MY GRID. Markets are NOT random.
  • #202
  • Aug 4, 2022 10:22am Aug 4, 2022 10:22am
Quoting tonyb123
{quote} Yes that is correct. {quote}
oops sorry about that, keep forgetting to get back to the distances I drawn up lines before.
Now it should be correct. Will remove the previous 2 charts to not to confuse people.
Attached Image (click to enlarge)
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  • #203
  • Aug 4, 2022 10:30am Aug 4, 2022 10:30am
You can change your levels like this and is not as bright. BUT PLZ KEEP THE LEVELS FOR NOW.


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 18 KB
MY GRID. Markets are NOT random.
  • #204
  • Aug 4, 2022 10:32am Aug 4, 2022 10:32am
i do not see your grid was very different from the classic one, which can be added in the mt4 itself. if you feel more comfortable that way, that's good. for me it is not necessary.
  • #205
  • Aug 4, 2022 10:51am Aug 4, 2022 10:51am
Quoting Nicco31
i do not see your grid was very different from the classic one, which can be added in the mt4 itself. if you feel more comfortable that way, that's good. for me it is not necessary.
It is not necessary for me to use any grid at all. Also, the mt4 grid is not the same and you cannot change the grid levels or set alerts with it

No difference? O K

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 20 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 15 KB
MY GRID. Markets are NOT random.
  • #206
  • Aug 4, 2022 11:14am Aug 4, 2022 11:14am
Question for everyone?
Do you want to progress in your trading fast or slow?

If your answer is fast, then just stick to the base grids and colors like mine, so I can provide you a speedy learning curve.
Level thickness / type is all the changes acceptable for now. Don't change colors, delete lines.

Plot your ABCD's like mine either 50% or 100% A to B. Grid size 5, 10, 50, 100 is fine. For now. Again, PLZZZZZZ.

It is a little perturbing that I have had to ask so specifically.

It is for your benefit I can assure you.

Thank you,

TONY
MY GRID. Markets are NOT random.
  • #207
  • Aug 4, 2022 11:22am Aug 4, 2022 11:22am
Quoting tonyb123
Question for everyone? Do you want to progress in your trading fast or slow? If your answer is fast, then just stick to the base grids and colors like mine, so I can provide you a speedy learning curve. Level thickness / type is all the changes acceptable for now. Don't change colors, delete lines. Plot your ABCD's like mine either 50% or 100% A to B. Grid size 5, 10, 50, 100 is fine. For now. Again, PLZZZZZZ. It is a little perturbing that I have had to ask so specifically. It is for your benefit I can assure you. Thank you, TONY
Clear enough for me. Thanks.
I'll be watching this now with great interest.
Attached Image (click to enlarge)
Click to Enlarge Name: GU15 10.png Size: 30 KB
  • #208
  • Aug 4, 2022 11:25am Aug 4, 2022 11:25am
Quoting tommiho
{quote} Clear enough for me. Thanks. I'll be watching this now with great interest. {image}
Good Job tommi!
MY GRID. Markets are NOT random.
  • #209
  • Aug 4, 2022 1:30pm Aug 4, 2022 1:30pm
Tony, does it make sense to plot ABCD of smaller level distance, from the entry point of bigger ABCD ?
Light pink 6 - 1 - 6 sequence.
Chart enclosed.
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: GU5 5.png Size: 40 KB
  • #210
  • Aug 4, 2022 2:27pm Aug 4, 2022 2:27pm
Quoting tommiho
Tony, does it make sense to plot ABCD of smaller level distance, from the entry point of bigger ABCD ? Light pink 6 - 1 - 6 sequence. Chart enclosed. Thanks {image}
I plot everything from the earliest date to the present market. I only plot the smallest ones for posting here, the 10 pip grid is really the lowest I need to go.
MY GRID. Markets are NOT random.
  • #211
  • Aug 4, 2022 3:43pm Aug 4, 2022 3:43pm
Quoting tonyb123
{quote} I plot everything from the earliest date to the present market. I only plot the smallest ones for posting here, the 10 pip grid is really the lowest I need to go.
Thank you.
Need to recheck your long term charts you posted.
  • #212
  • Edited 7:40am Aug 5, 2022 1:31am | Edited 7:40am
Hi all,
two charts.
First one, question for Tony.
Second, just observing.
Thanks

edit: GU chart added with TP hit
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GU15 10 final.png Size: 36 KB
Click to Enlarge Name: EU15 5.png Size: 56 KB
  • #213
  • Edited 8:52am Aug 5, 2022 8:02am | Edited 8:52am
Quoting OAPDave
{image}
Hmmmmm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1c.png Size: 31 KB
  • #214
  • Aug 5, 2022 9:20am Aug 5, 2022 9:20am
Quoting OAPDave
{quote} Hmmmmm {image}
Dave you are definitely going about it bit differently than me. Interesting.
  • #215
  • Aug 5, 2022 9:33am Aug 5, 2022 9:33am
Quoting tommiho
{quote} Dave you are definitely going about it bit differently than me. Interesting.
Hi
I think you would call me a breakout trader
I just love Grids
And boy oh boy this is one hell of a grid
The patterns for measured moves are just out of this world
By using the 10pip Grid I have got my risk down to 20pips max
Still lots to learn but I am sure the effort seems more than worth it

ps
I have just set the Grid to the July low (7 2 7) and left it alone, done the % 25 50 75 100 as Tony/Swede posted
  • #216
  • Aug 5, 2022 9:48am Aug 5, 2022 9:48am
The magenta line is where the market had its C to D completion, instead of a pull back the market continued to climb and hit the 2nd D of the 2nd ABCD sequence. (highlighted by the yellow box)
When there is no pullback to the C immediately following a D being hit it is a sign there was no profit taking at that price.
When this type of price movement occurs the missed C will become a price the market likes to fill. Think of it being a gap closing.
This is what happened today.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 26 KB
MY GRID. Markets are NOT random.
  • #217
  • Aug 5, 2022 9:52am Aug 5, 2022 9:52am
Quoting OAPDave
{quote} Hi I think you would call me a breakout trader I just love Grids And boy oh boy this is one hell of a grid The patterns for measured moves are just out of this world By using the 10pip Grid I have got my risk down to 20pips max Still lots to learn but I am sure the effort seems more than worth it ps I have just set the Grid to the July low (7 2 7) and left it alone, done the % 25 50 75 100 as Tony/Swede posted
Breakout trading is going to help you when we get to the grid trading portion, for now I am only showing the bounce trades off S and R levels, using the ABCD because it is the foundation for the grid trades.
MY GRID. Markets are NOT random.
  • #218
  • Aug 5, 2022 10:06am Aug 5, 2022 10:06am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 25 KB
MY GRID. Markets are NOT random.
  • #219
  • Aug 5, 2022 10:31am Aug 5, 2022 10:31am
Quoting tonyb123
The magenta line is where the market had its C to D completion, instead of a pull back the market continued to climb and hit the 2nd D of the 2nd ABCD sequence. (highlighted by the yellow box) When there is no pullback to the C immediately following a D being hit it is a sign there was no profit taking at that price. When this type of price movement occurs the missed C will become a price the market likes to fill. Think of it being a gap closing. This is what happened today.{image}
Tony
Very happy with the measured move section of the Method
and yes my weakness is mapping the ABCD as you lay them out , so now I must knuckle down and get my head around them
As they say you never stop learning at this game
  • #220
  • Aug 5, 2022 11:06am Aug 5, 2022 11:06am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 15 KB
MY GRID. Markets are NOT random.
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