My Grid / My System

Depending on the grid size: A = $0.00 to B = $1000 C = $500 D = $1500 ?

Exactly!

100 - 50 - 10.

Thanks Tony, I'll have another look at this tomorrow with fresh eyes. I don't think I can see the wood for the trees, just figuring out how to get to current price.

Cheers

F

1 Pip grid will give you 10 pips = color to color
10 pip grid will give you 100 pips color to color
100 pip grid will give you 1000 pips color to color.
This is a 1000 pip A B C D and 500 pip A B C D, on a 100 pip grid.
Every point/toggle button on the trend lines identifies a *potential* reversal or bounce point; up or down respectively to the A B C D.

And yes this is the tricky part to know that indeed that A B C or D would be actual reversal.
Still having a hard time to distinguish that.
GU good example.

These are the major points of interest, the small A B C D is 750 pips from A to D, you would want to reduce the grid size and plot everything the same. This is why I drop from 100 pip grid down to 50 and to 10.
The latest template will help you in this, turn the smallest grids off by the toggle buttons and plot your A B C D's, when you get as far as you can and identify the leg you are in, mark the direction and price for the C or D, which ever you are at.
Turn the next smallest grid levels on and repeat from the last completed leg of the bigger grid and work your way into the current market and then do the same with the third grid which will be the smallest grid.
I purposely set the template with the largest base grid sizes so you will start big and then work your way small, this way there will be a minimum jump from one grid to the next and least amount of confusion for the direction. Obviously, you can go to off base grids as well but the color pattern the grids make will be different.
EX: 50 - 25 - 12.5

Hi Tony

With the new template do I have to make any changes in the indicator settings as only the middle Grid Levels Show opens but then doesn't change anything. The top and bottom boxes do not open?

Cheers

Hi Tony

If it is ok with you I'll go grid by grid so I get the basics nailed?

I'll stick with GU. On a 1000 I can only get a to b from the top to current price which doesn't really help me? My data goes back to 1993.

Here is my 500, is this correct and the next grid I post will be 250.

In progress, will post the results when done.

I feel that simple thumbs up is not enough and thanks is in order for your explanations.
Thank you Tony.

Hi Paris

Thanks for the reply. These points you make" its aim, - how it is build, - why - and how to use it for trading" is what I am trying to get to.
Reading the thread hasn't been clear for me without trying to work it out on the charts, hence the post.

Tony's use of an ABCD isn't the conventional way from what I have managed to perceive.

The chart I posted is my failed hurdle in that a 1000 pip grid only just covers the data I have A to B, hence dropping to the 500 to find a completed sequence.
Why Tony uses a AB x 10 to C (1/2AB) to D (AB+C) and a grid numerical factor (in my case 10) I am trying to work out rather than using swing/lows to start any sequence.

The task of starting from the higher grids seems to have beaten me before I have begun, but I need to understand something without skipping over it. If I can't understand it then I should move on.. I could try to blag it and post recent price sequences and would maybe get close BUT i wouldn't understand what I am doing with Tony's grid and any trades I pull would just be a gamble at this point. I only gamble on horses..

Fagin, Parisboy, everyone, I will try to bring some clarity here in this post.

There are some similarities to Gann and Murrey methods of division, but I had no knowledge of these fellows methods until I visited your thread. (Parisboy) Thank you for the PDF's very enlightening.

It may help by providing some context to the creation of my system and methods to help understand how it works. (maybe not )

I was interested in ticker tape traders in the early 20th century who had the ability to make huge amounts of $$$ without charts and indicators. I thought it was fascinating and I wanted to replicate their success if possible. (it is)

So I turned off my trading platforms and began to read the material that was around about this stuff, it was not a pleasurable exercise as you can imagine. What I found was these traders had their own charts called graph paper and pencil as their tool, lol.

Anyhow, these graphs looked like a modern chart with a grid and nothing else excepts notations of price and a number sequence on one side of the paper; usually the left vertically and on the top or bottom. (depending on the trader)

The next feature was a dot for the daily open and a dot for the daily close within a column with price displayed in some fashion close by. I did the same thing with paper and pencil for many weeks tracking Forex majors. After a couple months I became so irritated without seeing the benefit to my understanding I turned my platform back on and opened one chart with the grid enabled and a 1 period open and a 1 period close moving average attached to a daily chart. This had the same effect on me; NOTHING. At this point, almost 5 months from starting this exercise I had zero results and zero improvement in my understanding.

Frustrated and very bored, I was perusing the internet and ran across a trading firms educational material that displayed their proprietary Fibonacci sequence. I had used the mt4 version before but this one was different, it had specific colors identifying the retracement levels and extension levels. I watched quite a few free videos and I was impressed with the results so I paid the hefty price-tag $$,$$$ and became a lifetime member. (I will not mention them) Keep your $$,$$$ for trading.

I used their platform which was free for the 1st year and $$$.cc a month after that year. I did not keep the platform or the indicator to plot the Fibonacci tool. I hired a programmer to build me one for the MT4 Platform. The only difference with theirs and mine was the ability to select the candle to project future fibs with one click. Almost completely auto. Anyhow, anyone familiar with the standard fib #'s can simply compare them to mine from my fib retracement thread to see the difference. This adjustment came because the retracement to extension moves had the same target; 1.618, this at first was impressive but soon became illogical to my analytical mind.

After using the fib tool this way for some time, I began to see swings into the retracement levels would terminate at points between the standard extension levels. When I say terminate, I mean having what is called a turn bar, which is a two bar pattern up/down close, or down/up close with a touch of the appropriate extension level.

When the appropriate extension level is hit a new future Fibonacci is to be plotted from the previous C to D move, becoming a new A and B for a continuation of trend, waiting for a touch of a retracement level 38, 50, 61.8, 78, 90, 100. (this describes the process)

At this point that I began to see that it was just an increase of double digit #'s to triple digit #'s for a completed C to D move: 61.8 to 1.618. This is where I had my light bulb moment, It was a natural jump to see that the number sequence was embedded in price as well. 0 1 2 3 4 5 6 7 8 9 repeated up and down within price. I immediately had the My Grid indicator built and began plotting the A B C D pattern the way you see now in this thread. That was 2016.

You have seen what I call base grids which are 1, 10, 100, 1000, 10,000. And a sub base grid; 5, 50, 500, 5,000, 50,000. These grids are the number sequence in it's purest form and provide me with what I call a baseline reading of the movement of price. The swing structure combined with turn bars and their location in price AND time provide me with numerous statistical probabilities. What you see presented in my threads are just the basics and the most simple bits and parts of my system. Whether anyone can see it or not there is so much more to my system that would blow you mind.

The true power and potential comes from the comparison of the base grids and and the dynamic price grids (all other grids that are not base or sub base grids) based on the actual market movement.

I hope this post and my previous few posts clarify some things for you.

[quote=parisboy;14154553] IMHo the best way is that you demonstrate your methodology step by step with charts at each step showing how you proceed assuming we are young child or golden retrievers.

I understand that traders would like this and I did lay out steps in the beginning of the thread that are very simplistic. I did not want to do a step by step to that degree since it is NOT purely mechanical and there takes some decision making on the part of the trader.

And the result.

It's a shame and quite baffling to be honest, although the dog and child is a high bar (both run rings around me at home and get just what they want) so I had no chance!

That's too bad, but I was not being stubborn I just do not have time to respond, I live in Orlando Florida so I have been preparing for a category 4 hurricane. But it's nice to know that you came to that conclusion even though I was prepared to do a step by step as you suggested.

Oh well, you just made my mind up for me. I will just stop right here and go roll around in my swimming pool of $$$$$$$$$$.
BTW, Timing is NOT what you or most have thought it was.

Sorry everyone, But asking people to think for themselves and follow instructions seems to be too much. Pardon me for trying to explain things that are 2nd nature to me, I assumed, by giving the pieces that I hobbled together in the same order or sequence I discovered them would help, guess not.

So adios you french prick and kiss my ass.

Well that was a few days wasted I’ll never get back. Too bad, I thought something was there.

Tony if I could give 2 thumbs up on your post I would ... LoL

Last I looked this is a trading journal...
My Grid/My System.....

Anyways grids horizontal lines all good in my books !

Wishing you the best..

Blue

You may not understand the difference between WILL NOT and I DID NOT WANT TO, they are different. One is a past tense and the other is present tense. Aside from that point, I was not aware that I owed you or anyone else here anything at all.

I guess this is the week where people are butt hurt and offended over nothing, you are the second one but in your case you decided to insult me on a personal level since I didn't spoon feed you like a baby.

Again too bad for you, your arrogance and superiority complex blinds you to sooo much. If you think I have given everything I have spent years on for free you are blind and mistaken. You should learn the difference between the trading journal section and trading systems on this forum as Bluesteele pointed out

Get your shit off my thread and don't come back.