THE only Pattern | Grid EA Download - MT4/MT5 Resources
The only mode you need to trade........................................
I use grids on all charts............
1 minute is 1 point grid
1 Hourly 10 pip grid Daily 50 pip grid Monthly 500 pip grid My S and R lines are at these lines It can't be anywhere else on the chart but at these lines... Another factor needed to determine these S and R lines is price... So digest that to move on to the next section
The upper shadow of a candle is the result of selling overcoming buying......
The lower shadow of a candle is the result of buying over selling...
If the upper shadow of a candle touches or crosses our line, then that line is R.............
If the lower shadow of a candle touches or crosses our line, the line is S............
If more than one candle's upper shadow touches or crosses the same line, it increases the importance of the R line...
If the lower shadows of more than one candle touch or cross the same line, it increases the importance of the S line...
The shorter the time frame in which these events occur, the lower the chance that the R or S line will hold the price... The longer the time frame, the higher the chance...
Our setup is that one candle touches the R line, followed by a candle reversal below the first open.............So the probability of price continuing to fall for a while is higher than the probability of reversal.............
Or a candle touches the S line and then a candle reverses above the first open... so the probability of price continuing to rise for a while is higher than when it reverses...
Our transaction portal:
***Finding the R/S Line on the One Hour Chart........................
***Waiting for price to reach these levels............
*** Watch the reaction of these lines on the one minute chart......
***If you have a setup on the line on the one minute chart or just above or below that line, i.e. you have a reversal, then make a trade, sell with R and buy with S
***For your stop loss, it can be above the sell setting or below the buy setting, especially if you are a scalper... However, if you trade more based on the 1 hour chart, then your stop loss is highly variable, but one way to achieve this is to put it above the upper shadow of the highest candle that penetrates the R line when selling, and place it below the lower shadow of the lowest candle that penetrates the S line...
***I prefer to be a scalper and a swing trader at the same time, and use the second stop loss judgment method to buy...
***If the market allows, TP scalps and leaves some for the runners
*** When you get a run, protect your trades as quickly as possible
I use grids on all charts............
1 minute is 1 point grid
1 Hourly 10 pip grid Daily 50 pip grid Monthly 500 pip grid My S and R lines are at these lines It can't be anywhere else on the chart but at these lines... Another factor needed to determine these S and R lines is price... So digest that to move on to the next section
The upper shadow of a candle is the result of selling overcoming buying......
The lower shadow of a candle is the result of buying over selling...
If the upper shadow of a candle touches or crosses our line, then that line is R.............
If the lower shadow of a candle touches or crosses our line, the line is S............
If more than one candle's upper shadow touches or crosses the same line, it increases the importance of the R line...
If the lower shadows of more than one candle touch or cross the same line, it increases the importance of the S line...
The shorter the time frame in which these events occur, the lower the chance that the R or S line will hold the price... The longer the time frame, the higher the chance...
Our setup is that one candle touches the R line, followed by a candle reversal below the first open.............So the probability of price continuing to fall for a while is higher than the probability of reversal.............
Or a candle touches the S line and then a candle reverses above the first open... so the probability of price continuing to rise for a while is higher than when it reverses...
Our transaction portal:
***Finding the R/S Line on the One Hour Chart........................
***Waiting for price to reach these levels............
*** Watch the reaction of these lines on the one minute chart......
***If you have a setup on the line on the one minute chart or just above or below that line, i.e. you have a reversal, then make a trade, sell with R and buy with S
***For your stop loss, it can be above the sell setting or below the buy setting, especially if you are a scalper... However, if you trade more based on the 1 hour chart, then your stop loss is highly variable, but one way to achieve this is to put it above the upper shadow of the highest candle that penetrates the R line when selling, and place it below the lower shadow of the lowest candle that penetrates the S line...
***I prefer to be a scalper and a swing trader at the same time, and use the second stop loss judgment method to buy...
***If the market allows, TP scalps and leaves some for the runners
*** When you get a run, protect your trades as quickly as possible
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