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Thread: Harmonic Grid Trading System - Directional Profits

  1. #31
    Junior Member
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    Quote Originally Posted by gambort View Post
    "Advanced talks on divergences – Dynamic Pressure
    "Although you can identify Dynamic Pressure (we will call it as “DP”) using simple MACD indicator, there is a better choice that exists. This is Joe DiNapoli’s MACD Predictor indicator."

    Any thoughts on this indicator (MACDP), RT?
    I see no attachment

  2. #32
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    AUDCAD H4 AB=CD pattern & Daily continuing Divergence

    My AUDNDZ trade is almost at the first grid EP which is Fib 61.8% retrace, the regular PNP daily divergence is looking good and building nicely.

    I have another live example where we have daily continuing divergence (stronger than regular) with a H4 bearish AB=CD pattern charts attached.

    I have already started to attack this trade with further pendings grid order set at known support, note I am not edging this one mainly to show how it can be traded for those US members that cannot edge.
    Attached Thumbnails Attached Thumbnails Harmonic Grid Trading System - Directional Profits-audcad-daily-divergence-14-11-12.gif   Harmonic Grid Trading System - Directional Profits-audcad-h4-ab-cd-pattern-14-11-12.gif  

  3. #33
    gambort
    Guest

    Macdp

    Quote Originally Posted by Robot Trader View Post
    I see no attachment
    Here is where I got that quote:

    Chapter 18, Part II. Trading Divergences.

  4. #34
    gambort
    Guest
    Nice charts. Two questions:

    1. What software do you use to set the pending trades?

    2. What software do you use for Pattern Recognition?

    THX,

    Glenn

  5. #35
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    Quote Originally Posted by gambort View Post
    Here is where I got that quote:

    Chapter 18, Part II. Trading Divergences.
    I do not trade divergences in the same manner or use my MACD indicator in the same way to spot divergence (I use the histogram) also I find the Stoch much better at finding hidden along with MACD histogram, but hidden divergence needs to be backed up by regular divergence on 1 or 2 TF's lower than where the hidden divergence is spotted.

    Do you have the indicator, if so I will check it out and let you know what I think, because I could not see it for downloading on the link you sent me.

    Regards

    RT

  6. #36
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    Quote Originally Posted by gambort View Post
    Nice charts. Two questions:

    1. What software do you use to set the pending trades?

    2. What software do you use for Pattern Recognition?

    THX,

    Glenn
    1) pending order can be set from your MT4 platform, left click mouse on main chart, from the popup window click trading, then click New Order, where it says Type (Market Execution default setting) click the tap to the left, then from the pop down list click pending, now set your pending values.

    2) Please see this link for indicators Harmonic and Classic Patterns @ Forex Factory start from the beginning of the thread and find different indicators along the way.

    Regards

    RT

  7. #37
    gambort
    Guest
    Thanks, RT!

    No, I do not have the indicator. I only asked because I thought of all the people I know, you were the one most likely to be familiar with it.

    Just so you know, I have loaded up several diverging pairs, see attached.

    The .10 lot is part of my other trade system, and the last two .02 entries do not have the hedge, as per your last post.

    I can see that, over time, you'd have quite a portfolio of trades working, eh!
    Harmonic Grid Trading System - Directional Profits-screenhunter_134-nov.-14-00.03.jpg

  8. #38
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    Grid trading - Limiting Losses

    I see the grid trading system as a safe guard against fast price moments.
    If we are trading a bearish Butterfly We place our stop loss at -24 pips put a Bullish order at -12 pips.
    If price then pushes through our PRZ then our worse loss will be - 12 pips. We can then either take the loss or wait for the next fib level to be reached and exit the required position leaving the 1 open position to move our over all trade status to break even and then hopefully into profit.

    Hope this makes sense.

  9. #39
    Wizard
    Join Date
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    Yes, it makes sense, mate. There are many ways to place and trade grids.
    Many pro traders use them, they combine with their primary trading method.

    Therefore we decided to start the Hedge Grid Methods sub-forum that will cover topics regarding the theory, examples, pros and cons of grid trading. I am sure some good ideas and experience show up that will lead forum members into more successful trading.

    Ideas that ziemo shared in Trading Systems should be already eye openers for many.

  10. #40
    Senior Member
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    I feel the most important thing about grid trading is the exit strategy.

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