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My Grid / My System

  • #341
  • Aug 19, 2022 12:49pm Aug 19, 2022 12:49pm
Quoting tonyb123
{quote} {image}
No idea what is going on here
  • #342
  • Edited 1:52pm Aug 19, 2022 1:33pm | Edited 1:52pm
Quoting tommiho
{quote} No idea what is going on here
We are now working on the next ABCD to 1.18400.
Attached Image (click to enlarge)
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MY GRID. Markets are NOT random.
  • #343
  • Edited Aug 20, 2022 9:22am Aug 19, 2022 3:19pm | Edited Aug 20, 2022 9:22am
Quoting tonyb123
{quote} We are now working on the next ABCD to 1.18400. {image}{image}
Ah OK now I see, so we have a precise spot for going short after ABCD finished.
Would the rule of not hitting C and right to the D be applicable here? So we can get S and market would aim for C area?
Although I know you also said that there should be a few ABCDs finished on smaller grid to have this to work with higher accuracy.
Or are you just taking advantage of the slower market before weekend?
thanks
  • #344
  • Edited 7:11am Aug 20, 2022 6:50am | Edited 7:11am
Quoting tommiho
{quote} Ah OK now I see, so we have a precise spot for going short after ABCD finished. Would the rule of not hitting C and right to the D be applicable here? So we can get S and market would aim for not hit C? Although I know you also said that there should be a few ABCDs finished on smaller grid to have this to work with higher accuracy. Or are you just taking advantage of the slower market before weekend? thanks
Ah OK now I see, so we have a precise spot for going short after ABCD finished. Would the rule of not hitting C and right to the D be applicable here? So we can get S and market would aim for not hit C? Yes it is always applicable when I trade no matter the size of the grid.

Although I know you also said that there should be a few ABCDs finished on smaller grid to have this to work with higher accuracy.
I am using a 10 pip grid but a 25% A to B which is smaller.

are you just taking advantage of the slower market before weekend? No

Every D in this example is a good place to short scalp because, every D now becomes a B in the next ABCD. B to C would be the next direction and that is a return in the opposite direction the market just came from.

In this example I am using a A to B 25, half of 25 is 12.5 the next leg is C to D which is 12.5 + 25 = 37.5, this is the 1st completed ABCD for this grid size. The next sequence is half way done, C becomes the new A and D becomes the new B, so I want to counter trend trade into C price which would yield aprox 12.5 pips depending on my entry. Once at C I enter back into trend direction to D price which did not happen due to Friday close.

This is called planning before trading, looking where A B C D should be and seeing where highs or lows are on previous ABCD's tell me the strength of the market in any given direction for FUTURE ABCD's.
MY GRID. Markets are NOT random.
  • #345
  • Aug 20, 2022 9:32am Aug 20, 2022 9:32am
Quoting tonyb123
{quote} Ah OK now I see, so we have a precise spot for going short after ABCD finished. Would the rule of not hitting C and right to the D be applicable here? So we can get S and market would aim for not hit C? Yes it is always applicable when I trade no matter the size of the grid. Although I know you also said that there should be a few ABCDs finished on smaller grid to have this to work with higher accuracy. I am using a 10 pip grid but a 25% A to B which is smaller. are you just taking advantage of the slower market before weekend? No Every...
Tony
That's what I would call a clever bit of thinking
  • #346
  • Aug 20, 2022 9:40am Aug 20, 2022 9:40am
Quoting OAPDave
{quote} Tony That's what I would call a clever bit of thinking

This is my
MY GRID. Markets are NOT random.
  • #347
  • Aug 20, 2022 2:14pm Aug 20, 2022 2:14pm
Quoting tonyb123
{quote} Ah OK now I see, so we have a precise spot for going short after ABCD finished. Would the rule of not hitting C and right to the D be applicable here? So we can get S and market would aim for not hit C? Yes it is always applicable when I trade no matter the size of the grid. Although I know you also said that there should be a few ABCDs finished on smaller grid to have this to work with higher accuracy. I am using a 10 pip grid but a 25% A to B which is smaller. are you just taking advantage of the slower market before weekend? No Every...
Tony,
thanks for this one, it made me think some more.

Question, we are at point C on 100 grid.
At that point we go to 10 pip grid and we are looking for the AB in the direction of 100 grid D. Where do we enter? We enter at the 10 pip grid C where price retraced. If the price continues beyond projected C and beyond A of 10 pip grid we are stopped, if not we are in a good trade.

Same thing would be applicable at the point D of 100 pip grid, so AB on 10 pip grid, price retraces to C, we enter. Good trade or SL.

All this is based on the fact that market returns to C from B and that market completes ABCDs. So at those points there is higher probability of our trade to work out rather than not.

Also the bigger grid points the direction, so A -> B -> C -> D.

Any merit in it ?

Thank you.
  • #348
  • Aug 21, 2022 7:52am Aug 21, 2022 7:52am
Quoting tommiho
{quote} Tony, thanks for this one, it made me think some more. Question, we are at point C on 100 grid. At that point we go to 10 pip grid and we are looking for the AB in the direction of 100 grid D. Where do we enter? We enter at the 10 pip grid C where price retraced. If the price continues beyond projected C and beyond A of 10 pip grid we are stopped, if not we are in a good trade. Same thing would be applicable at the point D of 100 pip grid, so AB on 10 pip grid, price retraces to C, we enter. Good trade or SL. All this is based on the fact...
When you drop to the 10 pip grid you are looking for a completed ABCD at your 100 pip grid C level.

If you draw it out with the trend lines it should make more sense to you.
MY GRID. Markets are NOT random.
  • #349
  • Aug 21, 2022 10:45am Aug 21, 2022 10:45am
Something like this ?
At least that's how I see it.
Attached Image (click to enlarge)
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  • #350
  • Aug 21, 2022 3:22pm Aug 21, 2022 3:22pm
Quoting tommiho
Something like this ? At least that's how I see it. {image}
Yes
MY GRID. Markets are NOT random.
  • #351
  • Edited Aug 23, 2022 3:28am Aug 22, 2022 1:55pm | Edited Aug 23, 2022 3:28am
again i finally got the idea ... now i am trying to build GU grid ... lets see
  • #352
  • Aug 23, 2022 12:55pm Aug 23, 2022 12:55pm
Quoting tonyb123
{quote} Yes
Thanks so much tonyb...
your grid is awesome...
thanks to swede for pointing me towards right direction
I am learning it and I will be following you
thanks once again.
  • #353
  • Aug 23, 2022 1:47pm Aug 23, 2022 1:47pm
Few trades. Closed, running, pending.
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  • #354
  • Aug 24, 2022 7:20am Aug 24, 2022 7:20am
Quoting tommiho
Few trades. Closed, running, pending. {image} {image} {image} {image} {image}
Good Job!
MY GRID. Markets are NOT random.
  • #355
  • Aug 24, 2022 8:53am Aug 24, 2022 8:53am
Think outside the box!
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MY GRID. Markets are NOT random.
  • #356
  • Aug 24, 2022 8:57am Aug 24, 2022 8:57am
Quoting tonyb123
Think outside the box!{image}{image}
Indeed!
  • #357
  • Aug 24, 2022 9:06am Aug 24, 2022 9:06am
What a great way to raise some cash. I told my wife I was going to offer my portrait in a similar fashion..................so far only 30 cents bid.....
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  • #358
  • Aug 24, 2022 9:19am Aug 24, 2022 9:19am
Just an Observation
Measured moves
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  • #359
  • Aug 24, 2022 9:33am Aug 24, 2022 9:33am
Quoting tonyb123
Think outside the box!{image}{image}{image}
I like that
It lets you count the
Phase Up
Phase Down
moves ?
  • #360
  • Aug 24, 2022 9:34am Aug 24, 2022 9:34am
Quoting Swede
What a great way to raise some cash. I told my wife I was going to offer my portrait in a similar fashion..................so far only 30 cents bid..... {image}
Here's my bid:
MY GRID. Markets are NOT random.
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