My Grid / My System | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Flexy Grid EA (Grid Trading) 1,363 replies

Grid - New indicator that replaces chart grid 60 replies

Grid (not grid system) or horizontal lines indicator 6 replies

Grid, Burst Grid, Grid Risk and Grid Profit 1 reply

Double Time Grid and Pip Grid 0 replies

Attachments: My Grid / My System
Exit Attachments

My Grid / My System

  • #261
  • Aug 8, 2022 3:09pm Aug 8, 2022 3:09pm
Quoting tommiho
Was a bit greedy me think. My intended TP was a below D of the 5 pip grid instead I went for the 10 pip below D grid. Not a disaster, better small SL hit than 1/2 of the account gone. {image}
MM is up to you. I presented a sl scenario in previous posts along with the more recent post how to assign a probability scale 1 - 5 levels.

As a side note you can take a picture of your chart without using another program to copy. Your program make details smaller in picture because of the border.

Right click on chart> Save As Picture> Select active chart (as is) and then select a folder where it will be stored on your computer. Upload from that folder. Easier to see.
MY GRID. Markets are NOT random.
  • #262
  • Aug 8, 2022 3:17pm Aug 8, 2022 3:17pm
Quoting tonyb123
{quote} MM is up to you. I presented a sl scenario in previous posts along with the more recent post how to assign a probability scale 1 - 5 levels. As a side note you can take a picture of your chart without using another program to copy. Your program make details smaller in picture because of the border. Right click on chart> Save As Picture> Select active chart (as is) and then select a folder where it will be stored on your computer. Upload from that folder. Easier to see.
Cool thanks for letting me know about the pictures taking.
Yes MM is up to me. No problem there.
Now I just wonder if there was something I missed by thinking to go for higher grid TP.
  • #263
  • Aug 8, 2022 3:45pm Aug 8, 2022 3:45pm
Quoting tommiho
{quote} Cool thanks for letting me know about the pictures taking. Yes MM is up to me. No problem there. Now I just wonder if there was something I missed by thinking to go for higher grid TP.
No you are not wrong to think that, sometimes I do that as well.

I presented a sl scenario in previous posts along with the more recent post how to assign a probability scale 1 - 5 levels. This is what I was referring to concerning your MM based on grid levels.
MY GRID. Markets are NOT random.
  • #264
  • Aug 9, 2022 3:45am Aug 9, 2022 3:45am
this morning EU trade
edit: Entry was 1 grid late but I took it anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 44 KB
  • #265
  • Edited 8:15am Aug 9, 2022 3:52am | Edited 8:15am
Quoting tonyb123
{quote} No you are not wrong to think that, sometimes I do that as well. I presented a sl scenario in previous posts along with the more recent post how to assign a probability scale 1 - 5 levels. This is what I was referring to concerning your MM based on grid levels.
Yes I believe you were talking about this post and I'm trying to follow that very sensible advice. Going for the 80%. Thanks for that.
https://www.forexfactory.com/thread/...8#post14088218
Now that I think about it some more (yesterday's trade) I should have adjusted my SL too when increasing my TP. Of course the size of the trade would be smaller, again adjusted to the distance to the SL .And I would have been still in play on bigger grid. Hmm. Yes will keep that in mind.

edit: Btw, Tony do we care about news?
  • #266
  • Aug 9, 2022 7:16am Aug 9, 2022 7:16am
Hi Tony,

I'm not sure I've understood the basics, but a chart image may help confirm if and where I'm going wrong.

So, the light green lines are showing a higher-grid, which has not been completed. The shorter lines are based on the 10 pip grid with orange lines showing completed cycles and the green lines incomplete cycles.

From a trading pov using your tools, should I have been looking at price action around the red down arrow, with a TP target around the green up arrow (i.e. a A-B trade)? Should I also be looking to counter-trend (B-C) and TP around the green tick? If this is

Things start to get less clear where the green tick is located. I'd probably be looking for the pattern to continue and get in on a short position. I may have waited a bit as it looks like there was a SL hunt around the time of the green tick, so perhaps my entry would have been around the following peak. Depending on my SL placement I may have been stopped out or gone into DD and getting close to break even. However, my bias is (or should be) still for a continuation of the pattern (somewhere off the bottom of the image).

Alternatively, does a retracement past the green tick and back to the original entry (red arrow) mean we may be seeing a breakdown in structure?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30 grid example.png Size: 26 KB
  • #267
  • Aug 9, 2022 8:10am Aug 9, 2022 8:10am
Quoting TableTop
Hi Tony, I'm not sure I've understood the basics, but a chart image may help confirm if and where I'm going wrong. So, the light green lines are showing a higher-grid, which has not been completed. The shorter lines are based on the 10 pip grid with orange lines showing completed cycles and the green lines incomplete cycles. From a trading pov using your tools, should I have been looking at price action around the red down arrow, with a TP target around the green up arrow (i.e. a A-B trade)? Should I also be looking to counter-trend (B-C) and TP...
Hi TableTop, you can trade any methodology you like, trend, counter trend, range S&R. What I am recommending is tracking the completed ABCD's from the earliest historical price to ensure you are in the right swing direction with a large to small grid. If you don't do this you are just playing a S&R strategy, If that is what you are happy with then my only recommendation is to zoom out more and plot a larger completed ABCD in the opposite direction of the green ABCD.

Here is where you should start and replicate it on this 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}
MY GRID. Markets are NOT random.
  • #268
  • Edited 9:04am Aug 9, 2022 8:24am | Edited 9:04am
1st pic is AB 50, 2nd is AB 100
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 24 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30B.png Size: 23 KB
MY GRID. Markets are NOT random.
  • #269
  • Aug 10, 2022 5:12am Aug 10, 2022 5:12am
State of things.
Some still going some TP, some SL, some entries nearly misses.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 30 KB
Click to Enlarge Name: EURAUDM30.png Size: 36 KB
Click to Enlarge Name: EURGBPM15.png Size: 35 KB
Click to Enlarge Name: EURUSDM30.png Size: 36 KB
Click to Enlarge Name: GBPCHFM30.png Size: 36 KB
Click to Enlarge Name: GBPUSDM15.png Size: 41 KB
Click to Enlarge Name: USDCADM30.png Size: 37 KB
Click to Enlarge Name: XAGUSDH1.png Size: 38 KB
  • #270
  • Aug 10, 2022 5:30am Aug 10, 2022 5:30am
Quoting tommiho
State of things. Some still going some TP, some SL, some entries nearly misses. {image} {image} {image} {image} {image} {image} {image} {image}
Thank you my friend , some excellent work there
Great post

ps
46 Downloads now ?
  • #271
  • Edited 7:00am Aug 10, 2022 6:01am | Edited 7:00am
Quoting OAPDave
{quote} Thank you my friend , some excellent work there Great post ps 46 Downloads now ?
Hi Dave, no problemo
Honestly I'm still feeling a bit in dark. But hopefully with every day practice I'll be able to trade with more confidence.
There are still things I didn't get but again in time hopefully...
Especial GU is giving me a bit of run for my money, not sure what to think of it.
Will see.

re 46 downloads, I'd say not enough for this masterpiece
  • #272
  • Edited 7:14am Aug 10, 2022 7:02am | Edited 7:14am
Quoting OAPDave
{quote} Sometimes cheating helps to re-focus {image} {image}
The bottom chart, would you follow the channel for the direction?
  • #273
  • Aug 10, 2022 7:15am Aug 10, 2022 7:15am
Preparing a daring try for 25 grid S on EG
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 30 KB
  • #274
  • Aug 10, 2022 7:18am Aug 10, 2022 7:18am
Quoting OAPDave
{quote} Its a kind of Return to the Mean I have it set to 4days So yes it as a part to play in the decision making process But you never forget Bigger Time frames {image}
I keep forgetting to get my nose out of charts and do a bit of bird view at times to use a common sense as where the market is going
  • #275
  • Aug 10, 2022 7:46am Aug 10, 2022 7:46am
Quoting OAPDave
{quote} Remember this post {image}
remember but I kind of didn't make a head or tail of it to what I was doing.
  • #276
  • Aug 10, 2022 7:56am Aug 10, 2022 7:56am
Tp hit short trigger.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 26 KB
MY GRID. Markets are NOT random.
  • #277
  • Aug 10, 2022 7:59am Aug 10, 2022 7:59am
Odd number grid of 10 pip scale.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 25 KB
MY GRID. Markets are NOT random.
  • #278
  • Aug 10, 2022 8:01am Aug 10, 2022 8:01am
Even number grid 10 pip scale.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 25 KB
MY GRID. Markets are NOT random.
  • #279
  • Aug 10, 2022 8:09am Aug 10, 2022 8:09am
BTC
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSDM15.png Size: 18 KB
MY GRID. Markets are NOT random.
  • #280
  • Aug 10, 2022 8:11am Aug 10, 2022 8:11am
Quoting tonyb123
Odd number grid of 10 pip scale.{image}
Neat idea
0 traders viewing now