It is Ok on my charts (attached).
Please post charts after "end hour" to show possible "BUGS".
G.
Please post charts after "end hour" to show possible "BUGS".
G.
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Dislikedgg... i wanted to know your success using this method with gold trading, how much success u achieved and what TF do u usually use for gold trading ?
I am trying gold with asian BO and tick volume .. is it enough for confirmation or volume normalization indicator shud be used as additional confirmation too?
and secondly what percentage increase value u use for gold... same 0.5?
waht abt SL and TP ... same method u use for currencies?
thanks....looking forward to ur valuable suggestions.Ignored
DislikedRon,
Channel is formed AFTER the END hour is reached.
In your posted chart the channel is defined between 00:00 and 07:00 - and the chart current time is only 03:00.
The channel time is the BROKER time.
The PercentIncrease will draw a levels line above/below the channel Min./Max. value for more safe entry. It's usually a fraction of percent.
G.Ignored
DislikedRon,
I used H4 to answer Sabrina questrion about higher TF's.
There is an explanation here about TF's.
The indicators are valid and accurate in any TF - there is a demo chart here even on M1.
The questions you should ask yourself are:
Is it realistic to gain 1:2 Risk/Reward ratio in this TF?
Can I protect my profit (BE) considering the broker limitations?
Am I trading with or against the major trend (against the trend requires faster and shorter SL/TP)?
When trading longer TF's you need ALL the confirmation available to line up.
The reason...Ignored
Dislikedgg... i wanted to know your success using this method with gold trading, how much success u achieved and what TF do u usually use for gold trading ?
I am trying gold with asian BO and tick volume .. is it enough for confirmation or volume normalization indicator shud be used as additional confirmation too?
and secondly what percentage increase value u use for gold... same 0.5?
waht abt SL and TP ... same method u use for currencies?
thanks....looking forward to ur valuable suggestions.Ignored
DislikedThanks G for your explanation.
If using iCustom to call Gadi_OBV_v2.2 to get upper & lower lines of the channels, which buffers should we use ?
Thanks Ron.Ignored
Dislikedalij79,
Here is a sample "Gold" trade (XAUUSD).
Gadi_OBV channel is drawn manually after "large move" (vertical red line at 20:30).
"Large move" is usually followed by consolidation period (both Volume and Price) marked manually as Gadi_OBV channel.
Waiting for channel breakout + confirmaion by Gad_TickVolme + cofirmation By USD "weakness" shown in Gadi_Currecies (XAU is not shown because of indicator limitation).
That's a safe trade.
G.
EDIT:
Forgot the CHF confirmation at the entry time... Here it is... USD is...Ignored
Dislikedthanks alot gg.... fantastic... God bless you..... one thing i want to know can we use asian breakout channel formed by indicator instead of manually drawing the channel ?
and for SL and TP your suggestions?Ignored
Dislikedthanks alot gg.... fantastic... God bless you..... one thing i want to know can we use asian breakout channel formed by indicator instead of manually drawing the channel ?
and for SL and TP your suggestions?Ignored
DislikedI'in... first targhet the nearest resistance... demo because of election day etc etc... also eurjpy looks interesting...see how it goes...
Also ct... a bit risky...Ignored
Dislikedalij79,
Here is a sample "Gold" trade (XAUUSD).
.....
That's a safe trade.
G.
EDIT:
Forgot the CHF confirmation at the entry time... Here it is... USD is going down (loosing strength) and CHF is going up (gaining strength).Ignored
Dislikedsabrys5769,
I can accept this EURUSD BUY trade if it was done on H1 at 10:00.
Your trade is more than "...a bit risky..." - it's pure gambling in my opinion.
Let's pray to the Casino Lord...
G.Ignored
DislikedHi GG,
I have not posted for a while, but still following closely and trying to look for trades that satisfy conditions as suggested by you.
Thanks for the "Gold" tips.
My broker has just introduced Gold, but its only available on request.
I read on the commodities forum that the spreads can be quite high, but moves are equally large!
EPIgnored
DislikedHello G,
Thank you very much for your "sweet" comment...., this is a DEMO trade and i'm still learning how to use your indicators...
we ALL make mistakes... don't you?
I can post here all my beautiful trades after they have occurred and read your comment: good job Sabrina!! but in this case I do not LEARN anything.
I would be happy and would be more useful (instead to pray to the casino lord...) imho... if you could explain to me what I did wrong (step by step if you can, as you would do with a child..) and why the H1 trade 10:00 buy eurusd...Ignored
DislikedEaglePip,
Watch the Gold in the next few hours.
Its currently forming another tight channel, and according to the US ellection results, its going to "move".
Welcome back !
G.Ignored
DislikedSince I do not have Gold yet, I will be watching USD closely as the election results start coming in.
Active pair at the moment seems to be EUR/JPY.
EPIgnored
DislikedSabrina,
Oh.... I'm sorry. I didn't meant to offend you.
If you look at few of my recent previous posts regarding the Gold - you can see that there is a small "panic" in the market. Almost all financial institutions took their money "out of the market" and put it "safe" places - such as Gold and CHF.
The main reason is the "RoBama" issue - the elections in the US. The results could have major effect on the USD - and that's why I called it a "gambling" trade - especialy at such a late hour - and volume is going down.
G.Ignored