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My Grid / My System

  • #361
  • Aug 24, 2022 12:27pm Aug 24, 2022 12:27pm
Quoting tonyb123
Think outside the box!{image}{image}{image}
Hm it always makes me a bit nervous to be in opposite positions to yours.
  • #362
  • Aug 24, 2022 1:11pm Aug 24, 2022 1:11pm
Quoting tommiho
{quote} Hm it always makes me a bit nervous to be in opposite positions to yours.
I am taking trades on things I have not shown here so don't worry, do your analysis on what I have shown.
MY GRID. Markets are NOT random.
  • #363
  • Aug 24, 2022 1:28pm Aug 24, 2022 1:28pm
The Jackson corn hole symposium is tomorrow and Friday expect some volatility, someone is getting F----- when these guys get together.
MY GRID. Markets are NOT random.
  • #364
  • Aug 25, 2022 1:28am Aug 25, 2022 1:28am
My efforts so far, will need to do a better job. So far made my broker very happy.
Attached Image (click to enlarge)
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  • #365
  • Aug 25, 2022 2:56am Aug 25, 2022 2:56am
Quoting tommiho
My efforts so far, will need to do a better job. So far made my broker very happy. {image}
Hi tommiho
Have to admit that as shocked me a little, thought you had it well sorted
With the number of trades you have done
Can you see any patterns or flaws in your entry and exit decisions
eg
Grid to small/large
Stops to big/small
Targets to big/small
Certain pairs just very unkind to you
etc etc
I'm sure Tony will comment and get you back on track
  • #366
  • Aug 25, 2022 3:35am Aug 25, 2022 3:35am
Quoting OAPDave
{quote} Hi tommiho Have to admit that as shocked me a little, thought you had it well sorted With the number of trades you have done Can you see any patterns or flaws in your entry and exit decisions eg Grid to small/large Stops to big/small Targets to big/small Certain pairs just very unkind to you etc etc I'm sure Tony will comment and get you back on track
Hi Dave,

these are live trades taken for past 2 weeks.
That might be one of the differences.
Might be that I was lucky to caught the more one directional trends and was able to capitalize on them (while trading demo, the trades performance you referred to) and these days market would be choppier?
I also was unable to distinguish reversals properly and stayed in trades till SL were hit.
And when I realized that and started to trade with the reversed direction I was too late and SL were hit again.
I'm still having a problem to recognize above, where I'm confusing what is only a pull back in a bigger frame to be a complete reversal of the prevailing movement.

Not there yet it seems.
But threading water rather than sinking
  • #367
  • Aug 25, 2022 3:57am Aug 25, 2022 3:57am
Quoting OAPDave
{quote} Being honest, I to am struggling with the way Tony uses his trend line method, so there are time I resort to cheating, for a little extra help
I believe cheating is allowed
And I think you took Tony's way of trading and implemented it to yours rather than made his way the main method you use.
I endeavored to make it my own.
Fingers crossed that I'm indeed able to.
  • #368
  • Aug 25, 2022 4:54am Aug 25, 2022 4:54am
Quoting OAPDave
{quote} Do you remember a previous post from Tony when he mentioned the GbpUsd previous Monthly low, i used it to post some 7 2 7 charts Well if you pin a band to that low how far would you expect it to stretch With this in mind lets say we move up 100 pips then another 100 pips how much farther can it go ? That is why I like his last posts as you can count how many Phase's the move goes from a give level I may have a slight advantage over you, as I have previously traded and discussed with Tony were the original idea came from and how he as much...
Yep, I can see advantages of combining approaches and experiences.
Honestly I had to restrain myself a few times to look at those past experience I had but they involved a lot of things that just didn't work or worked just partially and I couldn't rely on them long therm.
Tony is making it work in it's purest way and I will try to do the same. There is certainly a much more experience under his belt so I think I should be content with the result I achieved so far.

I'll be reading the thread again to pick up on some important things that I didn't get at the time and will try to improve on what I already know.

And your ideas are always welcome even that I can't recognize the importance of them right away. In time I might.

Thanks
  • #369
  • Aug 25, 2022 5:45am Aug 25, 2022 5:45am
Quoting OAPDave
{quote} Leave you to think about How far the Elastic Band can Stretch Wkly Open is the Yellow line 2nd chart Daily open is the Green line {image} {image}
Well it can stretch a lot
Will try to spot some common things that might show some expectancy as how far it can go.
thanks
  • #370
  • Aug 25, 2022 6:18am Aug 25, 2022 6:18am
Quoting tommiho
{quote} Hi Dave, these are live trades taken for past 2 weeks. That might be one of the differences. Might be that I was lucky to caught the more one directional trends and was able to capitalize on them (while trading demo, the trades performance you referred to) and these days market would be choppier? I also was unable to distinguish reversals properly and stayed in trades till SL were hit. And when I realized that and started to trade with the reversed direction I was too late and SL were hit again. I'm still having a problem to recognize above,...
Tommiho, learning a system and trading a system are 2 different things, it costs you zero $$$ to plot lines on your chart tracking past prices into the current market and then plotting the future lines and watching how the market reacts.
When I said I recommend doing a live demo, I meant after you are proficient in the skills you are learning and have confidence in your ability to read what is going on and prepare for when it doesn't play out like you expect. I do not recommend combining any other method with my system while learning it. If you are profitable with a system you have already learned then use that on a live market but do not try to mix them unless you have become proficient in a demo while learning mine. Demo acc is for learning, Live demo acc is for keeping you from forming permanent bad habits.
MY GRID. Markets are NOT random.
  • #371
  • Aug 25, 2022 6:30am Aug 25, 2022 6:30am
Quoting tommiho
{quote} I'll be reading the thread again to pick up on some important things that I didn't get at the time and will try to improve on what I already know.
You don't have to try to "get it" just stick to the method and order I have shown, use one pair when demo trading but plot the ABCD's to the current market on as many pairs as you can to get the skills down pat.
MY GRID. Markets are NOT random.
  • #372
  • Aug 25, 2022 6:33am Aug 25, 2022 6:33am
Quoting tonyb123
{quote} Tommiho, learning a system and trading a system are 2 different things, it costs you zero $$$ to plot lines on your chart tracking past prices into the current market and then plotting the future lines and watching how the market reacts. When I said I recommend doing a live demo, I meant after you are proficient in the skills you are learning and have confidence in your ability to read what is going on and prepare for when it doesn't play out like you expect. I do not recommend combining any other method with my system while learning it....
Well it looked like I was on a right track as Dave pointed out and I thought it myself.
Seems not and I'll go back to demo.
  • #373
  • Aug 25, 2022 6:42am Aug 25, 2022 6:42am
Quoting tommiho
{quote} Well it looked like I was on a right track as Dave pointed out and I thought it myself. Seems not and I'll go back to demo.
You have been on the right track but you tried to run before being stable in your walking. This is why I keep stressing the basics and sticking to the order of my method.
MY GRID. Markets are NOT random.
  • #374
  • Aug 25, 2022 7:06am Aug 25, 2022 7:06am
This is another grid indicator I have it is called my analysis grid, it plots the completed moves from whatever date and scale I input. I am showing this so you can see I have put many years, hours and $$$ into my system to figure things out to what I have now. So, please do not try to run before learning how to walk.
Attached Image (click to enlarge)
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MY GRID. Markets are NOT random.
  • #375
  • Aug 25, 2022 7:13am Aug 25, 2022 7:13am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 41 KB
MY GRID. Markets are NOT random.
  • #376
  • Edited 7:48am Aug 25, 2022 7:20am | Edited 7:48am
Quoting tonyb123
This is another grid indicator I have it is called my analysis grid, it plots the completed moves from whatever date and scale I input. I am showing this so you can see I have put many years, hours and $$$ into my system to figure things out to what I have now. So, please do not try to run before learning how to walk.{image}
I'm definitely aware of that and you have my utmost respect devising this and putting so much effort in it.

I thought I was there so I quickened my pace a bit, who wouldn't want to run from time to time ?
And at the same time I thank you for telling me to slow down.
I believe all that is happening is very natural, me trying to hasten things you telling me to slow down.
So back to drawing board.

I still have few things that I just didn't get even you have answered them, will try to reformulate . Not sure it is important or not but it bugs me.
Especially when getting from 1000 to 100 to 10, those steps are huge and a lot of things, directional wise can happen between them.

thanks
  • #377
  • Edited 7:48am Aug 25, 2022 7:37am | Edited 7:48am
Quoting tonyb123
This is another grid indicator I have it is called my analysis grid, it plots the completed moves from whatever date and scale I input. I am showing this so you can see I have put many years, hours and $$$ into my system to figure things out to what I have now. So, please do not try to run before learning how to walk.{image}
Tony
Now your talking
just wondering how many chapters in the book
Your version is a real gem
Hmmm
maybe I should slow down and show a little more patience with what you have to reveal
Go stuff mate, in fact very very good stuff

A very real improvement on the (Ab) and Murrey methods)
Just quite amazing the work you have put into this
  • #378
  • Aug 25, 2022 7:39am Aug 25, 2022 7:39am
Quoting tommiho
{quote} Not sure it is important or not but it bugs me. Especially when getting from 1000 to 100 to 10, those steps a huge and a lot of things, directional wise can happen between them. thanks
You are forgetting the rest of the base scales: 500, 50, 5.
MY GRID. Markets are NOT random.
  • #379
  • Aug 25, 2022 7:50am Aug 25, 2022 7:50am
Quoting OAPDave
{quote} Tony Now your talking just wondering how many chapters in the book Your version is a real gem Hmmm maybe I should slow down and show a little more patience with what you have to reveal Go stuff mate, in fact very very good stuff
There are a lot of chapters I have not shown.

This was a learning tool to show me when a leg was completed however I did not have the ABCD movement yet so I never had it programmed.

If you want to learn my system it does not mean you have to stop with yours. I have many systems I created and used while building this one, since it's completion years ago. I no longer use any of the others, they have become irrelevant.
MY GRID. Markets are NOT random.
  • #380
  • Aug 25, 2022 7:53am Aug 25, 2022 7:53am
Quoting tonyb123
{quote} You are forgetting the rest of the base scales: 500, 50, 5.
I'm aware of them but I thought I shouldn't have been mixing them up for now.
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