My Grid / My System

Hi Tony,

borrowed your chart for mark up.
Or all the answers would be in the more advanced in the future when more people participate territory?

Thanks

Some observations.
What is still bugging me is as how far the market can go. I know we plot bigger grids to see that but still, sometimes it does work sometimes it does not.
Happened to me a few times that there was no proper retrace when bigger grid D was hit and market went further still.
And vice versa, market turned around at the spot not related to the grid of any size.
So far I can see it was was safer for me to stay with the trend so in the direction of ABCD. As soon as I tried to counter trend, my success rate went down.
The ADR can be overshoot quite regularly so I think to rely on it as a indication of incoming retrace is not reliable. At least not on its own.
What is happening quite often and my previous post depicts that, market can go one direction, never retracing, not giving us any opportunity to enter at C, completing ABCDs .
So I'm thinking if there is a way to take advantage of this. (see chart for an idea)
The main thing would be to know that indeed this is the reversal point and market will be rising or falling strongly from now on.

I'm watching Tony's chart and him jumping from S to L in a matter of hours on the same pair, true markets can change in a matter of seconds (news), but it is rather confusing for me not seeing the bigger picture accompanying it since I would try to stay in one direction pointed out by bigger grid.

It is a bit of jumble in my mind now. As it was clear in the beginning on bigger grids it got harder when going down to smaller grids.

Need to find some rhythm of it all than I could rinse and repeat.

Chart of with the anticipated trend enclosed.

Hi Tommi,

Trading is about probabilities and risk, there are no guarantees. I trade every day, but I do not win every trade, you need to be comfortable with that part of the game. Use smart money management and don't try to become a millionaire overnight. As I have pointed out working my way from a larger ABCD to a small one is the main key, look in my examples how I place my stops relative to the ABCD boundary. In the beginning calculate your ABCD and only trade the C to D leg in the trend.

Think ahead of the move with a smaller grid in mind. Also, look at the short ABCD levels. I always am thinking 2 to 3 swings ahead with the scale in mind.

Tony
My eyes see that GbpUsd likes to make 25pip moves
Also it as to expand the Daily Range
With this in mind I try to play Range Expansion
My chart post shows
My Time
The open happened at a 4 which as near as dam it was the LOD so set my grid on a 4- 9 then watched the Range expansion happen
Sorry if this is against your teaching but
More than happy to make 25 pip trades with taking the ADR into account which happened to reach 125%
After all it pays the bills and that's why I trade

Done teaching, basics are good enough.

25 pips

The 25pip Hunter

Using Reference off
August Low

And
Setting for next week
Off last weeks Low

ps
Tony I know I am not the best guy to have in the classroom but I can only trade what my eyes see
Yes their are times I must be blind and accept that
But I can see enough, that I recognize how good your grid is for my style of trading
Thanks as always

pps
Think of it as a car
Some drive fast
Some drive slow
Some drive recklessly
Some drive carefully
But we all
DRIVE THE CAR

Dave

Little something, first two were late according to 10 pip grid but OK by 5 pip so went for it.
Decided to divide the entries to capture on bigger retrace if any.
Third one pending on retrace.
With open one going for the 10 pip ABCD completion.

Had some DD but longer ABCD was still down and today it paid off.

New toy I have been working on.

That's
Very
IMPRESSIVE

ps
Squaring the Chart ?

Correct

Doesn't quite work like I want because I had to use a new programmer, my old guy who built the grid is no longer interested in mt4 and trading.

Yep very nice, I kind of stayed L so got stopped.
One unanswered question Tony, are we looking at news ?
Thanks

Great looking chArt

And if you don't mind to show that higher grid on the chart so I could compare with mine? Thanks

Lol, Its there just think bigger than what you see with this size grid.

No, but I am aware when it does come out.