Cycletrader
Forex High School Teen
I've been looking at USDCHF and think that I see excellent conditions for a Grid Fusion set up.
It has stayed tightly packed in a range of ~1,200 pips for the last 5 years!
I mean, how neat do you want it???
Check it out on the weekly chart:

Obviously you cannot go by historical records, anything can happen...but this range is very very solid.
You could plan for a "worst case historical" scenario of 1,200 pips to start with, and know that you are planning on a trend that has been consistent for quite a few years. To add some security you can plan more safety measures by taking it up to 1,500...1,800 pips...etc.....but you know that at 1,200 you will most probably have a pretty serious resistance playing a role.
You can pretty much eyeball it, but when I ran my backtests, this was the obvious spot around Jan - Mar 2018 where USDCHF went without a "close enabling" retracement for around 890 pips (there were 2 more zones that also came around the same amount of pips):

So let's say that if I would make my planning based on this...I would have to AT LEAST be prepared to face a 900 pip trend against my grids.
What do you think?
Good idea? Bad?
It has stayed tightly packed in a range of ~1,200 pips for the last 5 years!
I mean, how neat do you want it???
Check it out on the weekly chart:

Obviously you cannot go by historical records, anything can happen...but this range is very very solid.
You could plan for a "worst case historical" scenario of 1,200 pips to start with, and know that you are planning on a trend that has been consistent for quite a few years. To add some security you can plan more safety measures by taking it up to 1,500...1,800 pips...etc.....but you know that at 1,200 you will most probably have a pretty serious resistance playing a role.
You can pretty much eyeball it, but when I ran my backtests, this was the obvious spot around Jan - Mar 2018 where USDCHF went without a "close enabling" retracement for around 890 pips (there were 2 more zones that also came around the same amount of pips):

So let's say that if I would make my planning based on this...I would have to AT LEAST be prepared to face a 900 pip trend against my grids.
What do you think?
Good idea? Bad?
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