Disliked{quote} Better but still having a hard time seeing the pair and levels.Ignored
Will size down charts some more.
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DislikedCharts, comments welcome. Still bit hazy as how to incorporate correctly bigger grid with the smaller one. Since the bigger grid is bigger the smaller one based trades can be stopped even the bigger one is still correct. Still kind of hit and miss a bit. Threading water so far. {image} {image} {image} {image} {image} {image} {image} {image} {image}Ignored
DislikedThanks Tony, I have to think about it some more and mark up some charts to clear the confusion. Will appreciate your input afterwards.Ignored
Disliked{quote} This should make it clear: {quote} I mark the B to C leg an opposite color to the AB and CD legs of the move to identify trade direction. In these examples the grid is 100 but I am still able to mark a 50 pip grid. Can u see that? If I change the grid size by 50% = 50 pips for my large ABCD then the smaller grid would be 25 pips. You are getting confused because you have too many pairs open and your marking of ABCD'S are overlapping which causes more confusion. *Pick one pair and work the large with the small on the largest grid: (500-100)...Ignored
DislikedOk here goes. No charts just words. We want to trade 10 or 5 pips grid. So we should look at two frames above. 25 and 50 pips grids. I zoom out and will find a peak or bottom. Will plot out my 50 and 25 pips grid moves. I will look as where I am direction wise in the ABCD patterns of 50 and 25 pips grid. Let's say I'm closing on the point B of the 50 pip grid going down. Now I should be looking for L trades because we expect the market to go to the C point. How do we know that market won't be continuing down skipping C altogether? Is there a way...Ignored
Disliked{quote} This is why you have to start your analysis of any pair from the left side of the chart with all the history and work your way forward like I showed. I use the base grids for this task and look for the biggest completed ABCD grid size, when I have that I will plot the next base grid which will take me closer to the current market price until I get to the 10 pip grid. I can go lower if I want but I don't have to. The base grid step I use are 1000 100 10 for most pairs and will provide the major S and R levels. If I want to reduce it even...Ignored
Disliked{quote} Tony TBH If I have to give myself a label it would be a Breakout Trader I find with the aid of your rather clever grids I have now developed what I consider a very good risk reward strategy Yes not all trades are winners but with sensible Money-management I am moving forward I have posted my ideas and thoughts but as it does not really take your method of drawing the ABC D into account, not to side track your teaching of the way you want guys to operate your method , I thought it best to give my posts a rest I can understand your frustration...Ignored
Disliked{quote} I am liking this but you are far quicker setting it up than meIgnored