Consistent once you have faith
4/16/2009
- Pros:
- None
- Cons:
- None
- Bottom Line:
- Yes, I would recommend this to a friend
- Quote:
- It's a consistent way to get 20 to 40 pips a day but can be hard to learn or get used to.
The best things about the grids are;
a) you can spot price action on any pair instantly -the grids realistically show about 14 pairs each in 4 time frames on just 2 screens
b) spot support and resistance on 4 time frames really easily
c) spot negatively or positively correlated pairs at any moment - lets you use correlation as a trigger
d) used with the traderoom, I have almost never failed to pick up 20+ pips in a session.
The worst things about them - in order of badness
d) being tied to a broker you can't choose (if you want to trade right on the grids)
e) my own requirement for blind faith OR a carefully studied analysis of the behaviour of the grids before I could use them live....
f) the very relaxed customer service
g) the prices
Other than the bad bits it's better than any system I have seen for scalpers.
