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Thread: Harmonic Grid Trading System - Directional Profits

  1. #11
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    Quote Originally Posted by gambort View Post
    This helps a great deal. I am a newbie, so I hope you will be patient, if I ask dumb questions. I have five questions: (I hope you don't mind!)
    1. It seems that .01 lots on a 5k account might mean that your monthly average return would be quite small, especially if, as you intimate earlier, you sometimes have to wait days or even weeks for the PA to return to the TP Zone. Is that correct?
    2. What monthly % return would you say is reasonable, based upon your trade experience?
    3. How many trades do you open at the same time?
    4. It appears that you never would take a loss with this system, if you followed your rules and were patient. I say this, because you also indicate that PA always returns to the TP Zone or zone of initial divergence. Is this correct?
    5. How long have you used this system?
    I am absolutely intrigued by your system. I have studied and used professional casino gambling systems in live table games, and your system contains a number of "rules" used by professional Blackjack and Craps players.
    I appreciate your sharing your hard-earned knowledge with a newbie!

    PS: I have already used your system on the USDJPY (H4) and USDCHF (H4), and am very pleased with the results.

    Attachment 2569
    Sharing is what this site is about.

    1. It seems that .01 lots on a 5k account might mean that your monthly average return would be quite small, especially if, as you intimate earlier, you sometimes have to wait days or even weeks for the PA to return to the TP Zone. Is that correct?

    This will depend on how many pairs pairs you open and whether the drawdown peaks at the same time, majors and exotics seem to move independently of each other within their own cycles, so trading EURUSD at the same time as USDZAR should not double your drawdown. The best thing do to is trade it live with 0.01 per every $5K in your account and get comfortable with you risk and how it works.


    2. What monthly % return would you say is reasonable, based upon your trade experience?

    I make on average 10% per month, but I have multiple trades open and I am a full time trader and have plenty of time to manage them.

    3. How many trades do you open at the same time?

    I open all trades that meet my rules, but only two from the same cross

    4. It appears that you never would take a loss with this system, if you followed your rules and were patient. I say this, because you also indicate that PA always returns to the TP Zone or zone of initial divergence. Is this correct?

    Correct I always close my basket of trade with a profit and expect them to at least return to my first trade entry point and over time my TP zone, but with Daily divergence you can get divergence building against you on the 4H or 1H causing a retrace before moving on to the TP zone, in this situation I will close all trades that are in profit and look to re enter at a better price (but this is down to how mush time you have to manage your trades


    5. How long have you used this system?

    I have been a divergence trader for a couple of years full time

    Regards

    RT

  2. #12
    gambort
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    Thanks, RT. I will follow your advice and see how things transpire.

  3. #13
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    Quote Originally Posted by gambort View Post
    Thanks, RT. I will follow your advice and see how things transpire.
    BTW I have looked at your 4H USDJPY chart and my MACD does not show the Histogram the same as yours (I do not have divergence for this period) but you have also drawn the divergence line in the wrong place on your candlestick chart, it should be drawn on top of the candles for bearish divergence which would mean you are already in the TP zone
    Last edited by Robot Trader; 11-08-2012 at 08:46 AM.

  4. #14
    gambort
    Guest
    Where could I obtain a copy of your MACD histogram?

    I closed both trades, based upon your last reply, and will start over.
    Last edited by gambort; 11-08-2012 at 08:50 AM. Reason: add note

  5. #15
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    Here's a possible live setup based on my rules for a divergence grid type trade, I am looking for PA to move up to the 61.8% Fib level before beginning my attack, then I will add at the two possible downtrend lines. We already have divergence on the Daily chart.
    Attached Thumbnails Attached Thumbnails Harmonic Grid Trading System - Directional Profits-audnzd-divergence-daily-trade.gif  

  6. #16
    gambort
    Guest
    Well, you're right: we have differing MACD pics. I have two different MACDs, and neither one shows a divergence. Is there a site where I can download the one you use? So we can both be singing from the same page? LOL!

  7. #17
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    Quote Originally Posted by gambort View Post
    Well, you're right: we have differing MACD pics. I have two different MACDs, and neither one shows a divergence. Is there a site where I can download the one you use? So we can both be singing from the same page? LOL!
    So we can both be singing from the same CHART

    See attached MACD 2 line
    Attached Files Attached Files

  8. #18
    gambort
    Guest
    OK, see attached pic:

    Attachment 2572

    THX, RT!

    Glenn

    Sorry for the double reply; don't know how to delete the first one, and wanted to thank you for your help. Duhhhhhhhh!
    Last edited by gambort; 11-08-2012 at 09:59 AM.

  9. #19
    gambort
    Guest

    Same Cross

    3. How many trades do you open at the same time?

    I open all trades that meet my rules, but only two from the same cross

    RT,

    Can you explain or give me a link to understand the term "same cross"?

    THX,

    Glenn

  10. #20
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    Quote Originally Posted by gambort View Post
    3. How many trades do you open at the same time?

    I open all trades that meet my rules, but only two from the same cross

    RT,

    Can you explain or give me a link to understand the term "same cross"?

    THX,

    Glenn
    Hi Glenn,

    Often if one currency shows divergence against one cross it will have it against other currency crosses, e.g. AUDUSD, GBPAUD & EURAUD all show AUD overbought with divergence, I would only expose myself to the AUD against two crosses.

    Regards

    RT

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