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My Grid / My System

  • #501
  • Sep 16, 2022 10:49am Sep 16, 2022 10:49am
Quoting tommiho
Analysis Comments welcome Tony. Thanks {image} {image} {image} {image} {image} {image} {image} {image}
I like your effort, you are the 1st to attempt at following instructions.
EUR/USD is in a C to D; DOWN:
If your C does not get hit on the pullback what does that tell you?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 26 KB
MY GRID. Markets are NOT random.
  • #502
  • Edited Sep 17, 2022 12:28pm Sep 16, 2022 3:38pm | Edited Sep 17, 2022 12:28pm
Quoting tonyb123
{quote} I like your effort, you are the 1st to attempt at following instructions. EUR/USD is in a C to D; DOWN: If your C does not get hit on the pullback what does that tell you?{image}
Thanks Tony.
Mmm simple things come to mind like market is strong, or when D gets hit there is a good chance of good B to C long trade.
This is one of the unanswered questions you asked us and I don't have a proper answer to that.
  • #503
  • Sep 19, 2022 4:47pm Sep 19, 2022 4:47pm
So Tony, am I on the right track ?
Would these be the basics you mentioned to master?
Thanks
  • #504
  • Sep 20, 2022 9:06am Sep 20, 2022 9:06am
Quoting tommiho
So Tony, am I on the right track ? Would these be the basics you mentioned to master? Thanks
Yes, that is correct.
MY GRID. Markets are NOT random.
  • #505
  • Sep 20, 2022 9:22am Sep 20, 2022 9:22am
Quoting tonyb123
{quote} I like your effort, you are the 1st to attempt at following instructions. EUR/USD is in a C to D; DOWN: If your C does not get hit on the pullback what does that tell you?{image}
And would you have an answer to this ?
  • #506
  • Sep 20, 2022 9:29am Sep 20, 2022 9:29am
Quoting tommiho
{quote} And would you have an answer to this ?
I explained that one many times with pictures, look at the BTC posts.
MY GRID. Markets are NOT random.
  • #507
  • Edited Sep 21, 2022 1:35am Sep 20, 2022 1:11pm | Edited Sep 21, 2022 1:35am
Quoting tonyb123
{quote} I like your effort, you are the 1st to attempt at following instructions. EUR/USD is in a C to D; DOWN: If your C does not get hit on the pullback what does that tell you?{image}
Would you be saying that it is down even if it from this point on went up to C and than eventually down to D ?Or it being down is defined by the price completing A to B looks like skipping C heading down to D? I will look again at the BTC charts , might have missed the point about not getting to C meaning. Thanks
  • #508
  • Sep 20, 2022 3:06pm Sep 20, 2022 3:06pm
Quoting tommiho
{quote} Would you be saying that it is down even if it from this point on went up to C and than eventually down to D?Or it being down is defined by the price completing A to B looks like skipping C heading down to D?I will look again at the BTC charts , might have missed the point about not getting to C meaning.ThanksThanks
I marked the moves but I did not mark it at the specific candle. I am answering this post your quoting.
MY GRID. Markets are NOT random.
  • #509
  • Sep 25, 2022 12:06pm Sep 25, 2022 12:06pm
Quoting tonyb123
When your sequence becomes a three of a kind color to color to color completion; 5-5-5, in this instance, you can now reduce your grid by 50% to 125 and look for a opposite direction color to color to color completion. Zoom your chart to the candle and level where the move begins to the current market candle. In this case there is no completion. I will cover this later, but for now, just reduce to the base grid to 100. Here we have a color to color to color 4-4-4, sequence. The 125 and 100 pip grids will be used for MAJOR SUPPORT AND RESISTANCE...
Hi Tony

Thanks for putting into words your working method, I appreciate it takes some work... I stubled on your thread late last week and have read this and the fib thread. I'm a slow learner and I am re-reading as I go, so forgive my dumb questions.

For now I have set aside the AB-CD part and will happily come back to that (as I do use that pattern i think I can pick up on it quite quickly for entries and trade management). I am however seemingly stumbling at the first hurdle regarding your grid implentaton and getting to current market price.

In this post we use a 500 pip grid and then scale down to 250. This is only done once price has gone colour to colour as I understand it? So this takes us from July 2008 to March 2015.

So my first stage is 500 grid colour to colour and then scale by half.

Next stage is now I'm at 250 I have the low matching the mid matching the high i.e. 5-5-5 so now I can scale again by half to 125. Can I ask why this is and logic behind this. Just so I can understand what has happend on the chart?

The next bit confuses me " in this instance, you can now reduce your grid by 50% to 125 and look for a opposite direction color to color to color completion. Zoom your chart to the candle and level where the move begins to the current market candle. In this case there is no completion. I will cover this later, but for now, just reduce to the base grid to 100. Here we have a color to color to color 4-4-4, sequence. The 125 and 100 pip grids will be used for MAJOR SUPPORT AND RESISTANCE""

The above confused me so I carried on:

500 grid colour to colour - reduce to 250 grid - if this equals low-mid-high (5-5-5) reduce again by 50% and look for opposite direction using in this case 125 grid.

125 grid produces 4-9-4 now reduce to 62.5 which now gives me 7-7-7 so look for opposite

31.25 gives a 2-2-2 so look for opposite.. this gives me a 10-5-10 which then is 10-10-10 at 15.62 so look for opposite

15.62 gives me 10-5-10 reduce to 7.81 equals 6-6-6 () which brings me to 18th June 2018....

Do I find a 500 grid colour to colour nearer to current price and work it back so it fits a 15.62 or 7.81 or just continue to work though on the desired grid distance to current market price?

I've clearly missed a major point or has the thread been edited since or the grid concept changed?

Cheers and thanks for your really interesting concepts, kept my brain ticking through my latest covid catch!

F
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  • #510
  • Edited 5:27pm Sep 25, 2022 2:35pm | Edited 5:27pm
Quoting Fagin
{quote} Hi Tony Thanks for putting into words your working method, I appreciate it takes some work... I stubled on your thread late last week and have read this and the fib thread. I'm a slow learner and I am re-reading as I go, so forgive my dumb questions. For now I have set aside the AB-CD part and will happily come back to that (as I do use that pattern i think I can pick up on it quite quickly for entries and trade management). I am however seemingly stumbling at the first hurdle regarding your grid implentaton and getting to current market...
Hi Fagin, You covered a lot of ground here. The concept may help you categorize the steps and provide some understanding how one grid works into another. This may seem contradictory but each grid is separate yet a part of another. If you have been trading for any amount of time you will see people talk about "multi time frame trading", instead of using time frames I use the grid.

The small grid builds the larger grid, but we have to start with the larger to find direction and work into a trading grid. These are just examples that follow a logical process that most grid traders do not use, at least I have not found. Anyway, what size grid that may be used is determined by you as to what type of trader you are; investor, swing, day, scalper. There is no right answer. I recommend sticking with the base grid sizes in my 1st post and locating the current market within the ABCD legs for each. 1000, 500, 100, 50, 10, and 5 if you choose to.

The ABCD legs are indispensable for my grid, without this you will not be trading my method, it can not be excluded. The fib thread gives the ABCD sequences for grid trading there is no difference between the two, the grid has a simple 1-10 scale on the left side of chart that repeats up or down. Think of it like this: the grid is static and the fib is dynamic but both work the same, meaning; you will get a different pattern from each.
I use this to determine interest, strength or weakness in the market to calculate a probability of direction and success of any trade along with some other concepts, some of them I have shown and some I have not.

Things have not changed other than I included a tpl for a 5 color grid vs a 10 color grid. I recommend you start at post #74 and follow from there, it may help you cut through some confusion. Also, pick ONE PAIR to trade, plot the ABCD's with the base grids on separate charts working the ABCD's to the current market. ***each grid will give you a different ABCD*** this is where most people's disconnect in understanding happens.

A trick I use to help is I will plot 2 ABCD patterns on one grid size, working each to the last completed ABCD as close to the current market as I can.

For example; using a 1000 pip grid (one chart) I will plot the 1000 pip ABCD and the 500 pip ABCD next to each other to the current market.

A to B = A $0.00 to B $1000.00, to C $500.00, to D $1500.00
500 pip grid A to B = A $0.00 to B $ 500.00, to C $250.00, to D $750.00

Then 500/250 or 500/100, 250/125, 100/50, 50/25, 50/10, 25/12.5, 10/5, 12.5/6.25 You get the point?

By doing this exercise you will know where you are at in the market moves and which direction and at what prices have the highest probability of success.

The next most important thing is understanding when a ABCD completes it will transition to the next ABCD:
C will become A and D will become B in the next ABCD pattern.
The larger the grid the LESS LIKELY this will work out, the smaller grids have the highest probability of success for this pattern to repeat or continue, we call this trending.

Jump to post #74 and on, look at my examples with pictures. This will help greatly. Do these things and post your examples (one chart per post) and I will help you from there.
MY GRID. Markets are NOT random.
  • #511
  • Sep 26, 2022 6:00am Sep 26, 2022 6:00am
Quoting tonyb123
{quote} Hi Fagin, You covered a lot of ground here. The concept may help you categorize the steps and provide some understanding how one grid works into another. This may seem contradictory but each grid is separate yet a part of another. If you have been trading for any amount of time you will see people talk about "multi time frame trading", instead of using time frames I use the grid. The small grid builds the larger grid, but we have to start with the larger to find direction and work into a trading grid. These are just examples that follow...
Hi Tony, thanks for your reply and good info.

This is what I have for EU

Attached Image (click to enlarge)
Click to Enlarge Name: EU1000-500.png Size: 23 KB

Yellow is 1000 and Green is 500 (I started as low as data allowed on the 500 but would be at the same place as the 1000 with the same starting point at 3)

How do I scale down to the next level if you are using the previous scale (C) for the new A as the move remains on the bigger scale?

Cheers
  • #512
  • Sep 26, 2022 6:43am Sep 26, 2022 6:43am
Another 500-250

Tony if the ABCD "fails" as in breaches the A before completing do you still count them?

Attached Image (click to enlarge)
Click to Enlarge Name: eu 500-250.png Size: 29 KB
  • #513
  • Sep 26, 2022 7:45am Sep 26, 2022 7:45am
Quoting Fagin
Another 500-250 Tony if the ABCD "fails" as in breaches the A before completing do you still count them? {image}
Yes, they still count. You are the first to notice and mention this, but a break of A without completing the D is a 70% chance the trend has changed. Keep in mind I am looking at the mathematical ABCD in price which will be the same for ALL markets and then I am comparing the "actual path" the market makes. I am looking at the prices for A B C D, to see if the market respects that price for that size grid. Meaning; did I get the reversal at those points? Or did the market blow through them.
MY GRID. Markets are NOT random.
  • #514
  • Sep 26, 2022 7:57am Sep 26, 2022 7:57am
Quoting Fagin
{quote} Hi Tony, thanks for your reply and good info. This is what I have for EU {image} Yellow is 1000 and Green is 500 (I started as low as data allowed on the 500 but would be at the same place as the 1000 with the same starting point at 3) How do I scale down to the next level if you are using the previous scale (C) for the new A as the move remains on the bigger scale? Cheers
Even if your broker does not supply the bars for your chart you will always have a start for every ABCD at $0.00.
I am trading PRICES and using a basic mathematical formula for increases or decreases: +5 or +10 (basic)
(advanced) +2.5, +3.75, +5, +7.5, +10 this pattern is a repeating pattern that grows exponentially with the increase of the grid size.
Scaling down is done when you find the last completed ABCD pattern of that grid size and your location in the un completed ABCD.
Divide your scale by 50% or just drop to the next lower base scale.
MY GRID. Markets are NOT random.
  • #515
  • Edited 10:58am Sep 26, 2022 10:07am | Edited 10:58am
Quoting tonyb123
{quote} Even if your broker does not supply the bars for your chart you will always have a start for every ABCD at $0.00. I am trading PRICES and using a basic mathematical formula for increases or decreases: +5 or +10 (basic) (advanced) +2.5, +3.75, +5, +7.5, +10 this pattern is a repeating pattern that grows exponentially with the increase of the grid size. Scaling down is done when you find the last completed ABCD pattern of that grid size and your location in the un completed ABCD. Divide your scale by 50% or just drop to the next lower base...
"Even if your broker does not supply the bars for your chart you will always have a start for every ABCD at $0.00" Buy this you mean I start at point 0 on my grid where I determine the first point of going level to next level i.e. 2 to 2 4 to 4 etc?

Here is where I'm currently at starting with 250 and now getting onto the 31.25 grid next using the last point of incomplete ABCD. So when you get to the c (not completed d) I am to take the next 1st level from that point to hit which then determines the next direct of the new ABCD?

Sorta making sense to me now

Attached Image (click to enlarge)
Click to Enlarge Name: eu250 -125.png Size: 29 KB


Here is where I'm currently at starting with 250 and now getting onto the 31.25 grid next using the last point of incomplete ABCD.

How did you get 31.25 from 250? you want to reduce by 5 levels or 50% at a time, they may not be the same distance. The green is 250 which was incomplete, reduce by 50% to 125 (white) which then incompleted to 62.5% (yellow) which then got to 31.25 where I am now Sep 2008. Have I misunderstood about divide the scale by 50% at each incomplete point?
  • #516
  • Sep 26, 2022 10:23am Sep 26, 2022 10:23am
Here is a multi grid template for 1000 - 500 - 100 pip grids. Can be used for most pairs as is.

If using for Crypto and some large indexes add another zero to the indicator or your platform may freeze. Example: 10000 - 5000 - 1000.

Default: all levels are activated for each indicator instance.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 21 KB
Attached File(s)
File Type: tpl 1000 - 500 - 100.tpl   83 KB | 258 downloads
MY GRID. Markets are NOT random.
  • #517
  • Sep 26, 2022 10:28am Sep 26, 2022 10:28am
Quoting tonyb123
Here is a multi grid template for 1000 - 500 - 100 pip grids. Can be used for most pairs as is. If using for Crypto and some large indexes add another zero to the indicator or your platform may freeze. Example: 10000 - 5000 - 1000. Default: all levels are activated for each indicator instance. {image}{file}
Ha! This may possibly blow a fuse or two in my mind...
  • #518
  • Sep 26, 2022 10:40am Sep 26, 2022 10:40am
Quoting Fagin
{quote} "Even if your broker does not supply the bars for your chart you will always have a start for every ABCD at $0.00" Buy this you mean I start at point 0 on my grid where I determine the first point of going level to next level i.e. 2 to 2 4 to 4 etc? Here is where I'm currently at starting with 250 and now getting onto the 31.25 grid next using the last point of incomplete ABCD. So when you get to the c (not completed d) I am to take the next 1st level from that point to hit which then determines the next direct of the new ABCD? Sorta making...
Buy this you mean I start at point 0 on my grid where I determine the first point of going level to next level i.e. 2 to 2 4 to 4 etc?

No. 0 goes to 5 or 10 in levels (whichever you wish to use), this is the A to B. Depending on the grid size: A = $0.00 to B = ?

Here is where I'm currently at starting with 250 and now getting onto the 31.25 grid next using the last point of incomplete ABCD.

How did you get 31.25 from 250? you want to reduce by 5 levels or 50% at a time, they may not be the same distance.

So when you get to the c (not completed d) I am to take the next 1st level from that point to hit which then determines the next direct of the new ABCD?

The A B C D points are prices where you expect a reversal to occur. It does not mean it will! But by gauging the reactions using the smaller grids you can gain an edge with a greater probability of success or to let it pass.
MY GRID. Markets are NOT random.
  • #519
  • Sep 26, 2022 10:56am Sep 26, 2022 10:56am
Quoting Fagin
{quote} Ha! This may possibly blow a fuse or two in my mind...
Hopefully you will not.
MY GRID. Markets are NOT random.
  • #520
  • Sep 26, 2022 11:01am Sep 26, 2022 11:01am
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MY GRID. Markets are NOT random.
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