Grants Journal [Awarded Title: Guru of the Gurus]

[Grant]

HI Herbert,

yes orange is my purple..

cheers
Grant

[immy]

HI Herbert,

yes orange is my purple..

cheers
Grant

(rofl)

[Grant]

Hi everyone,

Was on call today and again I’ve had better/luckier days. Alapri’s price moved to quickly to accept a PO on the only decent move of the London am session so I walked away in disgust to calm down. Whilst away another set up would have paid rent.

Was called out and got back just in time for London closing and took my only trade of the day which resulted in a BE.

Trade record and pic below

Cheers
Grant

[Grant]

Hi everyone,

Had a better day today although still not happy… lol

Managed a couple of trades whilst chart watching til mid London pm session, then took the twins to their tennis lesson and the Eu made the 2 moves of the day without me. C’est la vie…

Todays trades were:

1. 0
2. +12

Total +12 (+0.92%)

Trade records and pics below

Cheers
Grant

[cali]

Grant

Is the FE for wave 5 calculated by taking 62% to 100% of wave 3 and then adding it to 1) end of wave 3, or 2) start of wave 5?

My best

Cali

[immy]

Grant

Is the FE for wave 5 calculated by taking 62% to 100% of wave 3 and then adding it to 1) end of wave 3, or 2) start of wave 5?

My best

Cali

Cali

From Start of 1 to End of 3 and Add to bottom of 4 i.e start of 5. In other words if price moves 100 pips during Wave 1-3 i.e from zero line on AO to Peak of AO and starts retracing back to Alligator mouth and AO starts coming back to Zero Line, the moment it stops and reverses and resumes in the direction of the trend, from that point to the next peak, with a divergence on AO it may go between 60-100pips. If it goes over 100pips the new peak may be taller than the previous hence there will no more be a divergence and we may change our perspective!

i hope this makes sense (rofl) Ok Breakfast time here!

[pierreblom]

Grant,
what are the Indicators you are using to get the Highs and Lows and the Session open prices. They look very handy

[Grant]

Afternoon,

the session open lines are attached, just adjust to suit your broker time for the opens (default are Alpari UK)

the high/low indicator is available from Steve and the link is:

http://mostly-forex.blogspot.com/" onclick="window.open(this.href);return false;

cheers

Grant

[pierreblom]

Wonderful, thanks Grant.

[cali]

Grant

Is the FE for wave 5 calculated by taking 62% to 100% of wave 3 and then adding it to 1) end of wave 3, or 2) start of wave 5?

My best

Cali

Cali

From Start of 1 to End of 3 and Add to bottom of 4 i.e start of 5. In other words if price moves 100 pips during Wave 1-3 i.e from zero line on AO to Peak of AO and starts retracing back to Alligator mouth and AO starts coming back to Zero Line, the moment it stops and reverses and resumes in the direction of the trend, from that point to the next peak, with a divergence on AO it may go between 60-100pips. If it goes over 100pips the new peak may be taller than the previous hence there will no more be a divergence and we may change our perspective!

i hope this makes sense (rofl) Ok Breakfast time here!

Immy: you say "if price moves 100 pips during Wave 1-3 i.e from zero line on AO to Peak of AO" ... but what if Wave 1 begins when AO is less than ZL? Do you still begin the pip count from the point at which AO is at ZL?