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Median Grid Trading

  • #121
  • Oct 31, 2009 8:26am Oct 31, 2009 8:26am
Quoting aserbfx
you take the high an the low of the last 30 days.
No. Please don't use that fixed period of time. It doesn't make any sense at all and was a bad example in the book. You need the real recent supports and resistances and 30 days might be too less.
  • #122
  • Edited 12:26pm Oct 31, 2009 9:00am | Edited 12:26pm
Just to clarify for us:

Using EUR/USD for example, we are looking to form a 7-800 pip grid based on current volatility. When I made mine, about a month ago, I had to go back about 45 days to make a grid of that size based on good support and resistance.

Now, if price makes a solid break of our grid we move it up or down accordingly. But we only ever move it by half its own size.
By doing that, the past median line/zone will become the new upper/lower extreme of the grid. Makes sense, since looking back, there is so much activity in this area.
  • #123
  • Oct 31, 2009 9:05am Oct 31, 2009 9:05am
That's correct, billflet!
  • #124
  • Nov 4, 2009 5:23am Nov 4, 2009 5:23am
Quoting Xaron
No. Please don't use that fixed period of time. It doesn't make any sense at all and was a bad example in the book. You need the real recent supports and resistances and 30 days might be too less.
ok, thanks for clarification.

do you mind sharing your trading style?

how long do you look back?
maybe you can post a chart for eur/usd with Q1-Q4. that will be great. thanks in advance.
meine augen sind die sterne
  • #125
  • Nov 9, 2009 7:47am Nov 9, 2009 7:47am
Quoting aserbfx
ok, thanks for clarification.

do you mind sharing your trading style?
Hmm... I thought I already did in that thread.

Quote
how long do you look back?
maybe you can post a chart for eur/usd with Q1-Q4. that will be great. thanks in advance.

It's not a question how long to look back but to look back far enough to see important support and resistance areas. That can be easily done in a weekly chart.
  • #126
  • Nov 10, 2009 10:31pm Nov 10, 2009 10:31pm
Hey Xaron show us your grids! please
grist for the mill
  • #127
  • Mar 17, 2010 1:07am Mar 17, 2010 1:07am
Anyone still trading with Median Grid?
  • #128
  • Mar 17, 2010 1:33am Mar 17, 2010 1:33am
Yes, I do.
  • #129
  • Jun 21, 2010 2:37am Jun 21, 2010 2:37am
I'm also trying, mixed success at the moment.
  • #130
  • Jul 5, 2010 8:07am Jul 5, 2010 8:07am
just wondering is this thread still alive, as i wanted to ask some questions, but not really sure if there will be replys?
  • #131
  • Jul 6, 2010 12:16am Jul 6, 2010 12:16am
Sure it is. Go ahead. I still use this approach.
  • #132
  • Jul 6, 2010 12:25am Jul 6, 2010 12:25am
Regarding the grid, do you use horizontal support and resistance lines or a channel off the 4 hour chart?

The 2nd is really about the fundamentals as i believe the trend is still bearish for the euro, with all of the austerity cuts i expect to see little growth.

On the US side things are not looking much better with the little growth they did have no dwindling,

N
  • #133
  • Jul 6, 2010 1:35am Jul 6, 2010 1:35am
The timeframe doesn't matter. It's important to see the support and resistance areas (I use the daily and weekly for that).

The fundamental stuff is very, very difficult to handle. That's why I just use more this simple technical stuff. Both EU and US are in deep sh!t, but I think the Euro won't collapse and will trade higher in the future again because everyone has focused on the EU now and US will come into focus again.
  • #134
  • Jul 6, 2010 1:46am Jul 6, 2010 1:46am
Ive also read how you managed to return 10% per month at times?

Can you add to how you use your grid?

If i was to ask more directly it would be what makes you enter verses deciding not to enter? as i know there is no exact entry cretiria.

And also won the fxstreet competition.

I've attached my grid blue line the median where price seems to have been the most busy.

I understand what your saying about fundamentals being hard to understand, and to be honest i only concentrate on Interest rates, retails sales, inflation reports.

Other things i watch are bond sales, stock market indices and gold prices.
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  • #135
  • Jul 7, 2010 8:08pm Jul 7, 2010 8:08pm
Hi Sharon,

what grid spacing are you using?
  • #136
  • Jul 8, 2010 12:55am Jul 8, 2010 12:55am
Quoting n_aftab
Ive also read how you managed to return 10% per month at times?

Can you add to how you use your grid?

If i was to ask more directly it would be what makes you enter verses deciding not to enter? as i know there is no exact entry cretiria.
The way I use it is simple. As long as you're in that comfort zone boundaries you should not be forced to close a trade. The key is patience and not to rush anything (like I usually do but that's another story). If you have your 4 quadrants never add more than 2 positions within the same quadrant.

In Q3/Q4 be cautious to enter trades, this is the take profit zone. You can stick a small one there for the case it breaks up in your direction.
In Q1/Q2 you usually enter trades, in Q1 bigger ones than in Q2. Don't take profits to soon, let at least one trade run into Q3/Q4.

Quote
And also won the fxstreet competition.

Yes, but that doesn't mean too much. It was only 3 months. I will participate in the one this year again starting in September.

Your grid looks ok to me even though it has 5 areas instead of 4?
  • #137
  • Jul 8, 2010 12:56am Jul 8, 2010 12:56am
Quoting ben10
Hi Sharon,

what grid spacing are you using?
Due to higher volatility these days about 600-800 pips for the whole grid. That would lead to 150-200 pips for one quadrant.
  • #138
  • Jul 9, 2010 8:32am Jul 9, 2010 8:32am
if you have the time could you give some examples, picture of your grid and where you entered traded etc with your thoughts as to why?
  • #139
  • Jul 13, 2010 12:35am Jul 13, 2010 12:35am
Also does waitng for the dips actually mean waiting for price to retrace back to the top and then start selling?

or do you happily sell at each of the quadrants even as price looks like it is going up?

Assuming you consider the trend down.

thanks

N
  • #140
  • Aug 4, 2010 4:59am Aug 4, 2010 4:59am
  •  Ideasmiths
  • | Joined Mar 2009 | Status: 一将功成万骨骷 Forex war! Win pips or die! | 30 Posts
Thanks for sharing your views Xaron and congrads on winning the competition 2010. Would hope I can pick your brains on this issue of median grid.

It seem that this median grid is subjective, so trader A with daily chart would have his different from trader B with 4 hourly chart, and the period of interest would further change the grids.

What this means is that as long as trader A and B has the long term view (perspective), both should be okay even if there is a counter-trend?

Thank you
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