The Gorilla Method | Page 189 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Gorilla Method EA 198 replies

bo7a method... method for GBP/JPY 205 replies

(Method) Trading Systems 1 reply

Inquiry of 400:1 leverage method 11 replies

Simple trading method 49 replies

Attachments: The Gorilla Method
Exit Attachments

The Gorilla Method

  • #3,761
  • Jan 1, 2019 10:47pm Jan 1, 2019 10:47pm
Ozy,

AJ just went below the weekly S2, so the EA shuts down and will not do trades. I did a separate analysis years ago of weekly pivots, and found once price is beyond the R2 or S2 (weekly), the chances of closing beyond that are not that high. I coded the EA to shut down and not do new trades, as chances are it wouldn't close in profit.

The EA should work on other pairs. China PMI missed today which is adversely affecting AUD. Look for risk off trades (short AUD, NZD, and long JPY).

Regards,
EZ
  • #3,762
  • Jan 1, 2019 10:48pm Jan 1, 2019 10:48pm
Quoting Rm60
{quote} Thought it’s because it’s considered one of the dragons so special rules ?
Be careful Sis, you can lose 1% of deposit because this call breaks the rules.
  • #3,763
  • Jan 1, 2019 10:48pm Jan 1, 2019 10:48pm
Quoting Ozymandias
TO: EZCURRENCY And this is what they look like if I removed the EA and re-installed each one. PS: The AUDJPY still shows that first pic situation) {image}
You can change the ydist in the options to reduce the spacing. Its set at ydist = 2, but make it = 1 and that should reduce the spacing between the data on the right. Mine I need to have =2 due to screen resolution. I explained why it shut down in prev. post.

Regards,
EZ
  • #3,764
  • Jan 1, 2019 10:51pm Jan 1, 2019 10:51pm
Stock market futures getting hammered. Definitely risk off the next 24 hrs at least ...
  • #3,765
  • Jan 1, 2019 10:53pm Jan 1, 2019 10:53pm
Quoting ezcurrency
Ozy, AJ just went below the weekly S2, so the EA shuts down and will not do trades. I did a separate analysis years ago of weekly pivots, and found once price is beyond the R2 or S2 (weekly), the chances of closing beyond that are not that high. I coded the EA to shut down and not do new trades, as chances are it wouldn't close in profit. The EA should work on other pairs. China PMI missed today which is adversely affecting AUD. Look for risk off trades (short AUD, NZD, and long JPY). Regards, EZ
EZ,
I thought it was something like that but then that "Beyond R2S2 trade closed" message happened on EVERY chart. Maybe it's a quirk in my setup here but thought you should know. All looks good now!
  • #3,766
  • Jan 1, 2019 10:59pm Jan 1, 2019 10:59pm
Quoting ezcurrency
Stock market futures getting hammered. Definitely risk off the next 24 hrs at least ...
Siiiiigh....going to look dopey again (but I'm not, really!): "risk off" means...?
  • #3,767
  • Jan 1, 2019 10:59pm Jan 1, 2019 10:59pm
Quoting Ozymandias
{quote} EZ, I thought it was something like that but then that "Beyond R2S2 trade closed" message happened on EVERY chart. Maybe it's a quirk in my setup here but thought you should know. All looks good now!
You can also get that message if you start it too early on Sunday evening, and it hasn't calculated the new weekly pivots yet for the next week. If that happens, wait a few hrs and load it again (or Monday am).

There have been some crazy moves with thin markets over the holidays, so many pairs are beyond the R2/S2.

Regards,
EZ
  • #3,768
  • Jan 1, 2019 11:03pm Jan 1, 2019 11:03pm
My friends, I would like to remind you that today most banks are still on holiday and naturally the market movement is handed over to big dogs who will arrange everything. And usually the direction of their minds is contrary to the theory of forex.
  • #3,769
  • Jan 1, 2019 11:04pm Jan 1, 2019 11:04pm
Quoting Ozymandias
{quote} Siiiiigh....going to look dopey again (but I'm not, really!): "risk off" means...?
Typically 'risk on' is long the commodity currencies (AUD,CAD,NZD) and short CHF, and short JPY. Risk off is the opposite.

The reason being is that large hedge funds and banks sometimes do 'carry trades' where they buy AUD,CAD,NZD against CHF or JPY due to the interest rate differentials, and can make the daily interest difference. Using leverage this multiplies this ... and because of this these pairs tend to head up when all is well. So the banks / hedge funds make $ on the int. rate differential and the pairs tend to go up as well.

In risk off, stock market falls ... oil falls ... etc. They trade so many markets they need to reduce risk, so usually exit the currency carry trades as well. Its all correlated. :-)

EZ
  • #3,770
  • Jan 1, 2019 11:06pm Jan 1, 2019 11:06pm
Quoting Cm7
{quote} Bro, me think, there is a missing part of pivot , actually it's forbidden for gorilla to conduct business today. So I am sorry
So Gorilla not trading on Monday not because of Monday but because There is something missing on Pivot( because we don't know exactly what is happening between new York close Friday and Tokyo open on Monday morning) so consequently if yesterday was holiday Gorilla Will continue their holiday today. Is this what do you mean, shifuu?
  • #3,771
  • Jan 1, 2019 11:11pm Jan 1, 2019 11:11pm
Quoting ezcurrency
{quote} Typically 'risk on' is long the commodity currencies (AUD,CAD,NZD) and short CHF, and short JPY. Risk off is the opposite. The reason being is that large hedge funds and banks sometimes do 'carry trades' where they buy AUD,CAD,NZD against CHF or JPY due to the interest rate differentials, and can make the daily interest difference. Using leverage this multiplies this ... and because of this these pairs tend to head up when all is well. So the banks / hedge funds make $ on the int. rate differential and the pairs tend to go up as well. In...
That is excellent info, my friend.
Thanks and I appreciate you taking the time and effort to share!
Cheers,
A
  • #3,772
  • Jan 1, 2019 11:22pm Jan 1, 2019 11:22pm
Quoting Ozymandias
{quote} I think our learned Gorilla teacher had some mango juice in his eye and didn't see the Pivot
Bro, it's past midnight and you're not yet in bed? it's time to make your " wekker" a desk clock as a robot.
  • #3,773
  • Jan 1, 2019 11:29pm Jan 1, 2019 11:29pm
Quoting Cm7
{quote} Bro, it's past midnight and you're not yet in bed? it's time to make your " wekker" a desk clock as a robot.
Haha, not midnight yet, I'm on the West coast so it's only 9.30
  • #3,774
  • Jan 1, 2019 11:31pm Jan 1, 2019 11:31pm
Wow, just saw this!

"China reserved the right to use force"

I never saw a head of state say anything like this in public.

https://www.bbc.com/news/world-asia-china-46733174

That should definitely move the markets.

EZ
  • #3,775
  • Jan 1, 2019 11:33pm Jan 1, 2019 11:33pm
Quoting ezcurrency
Wow, just saw this! "China reserved the right to use force" I never saw a head of state say anything like this in public. https://www.bbc.com/news/world-asia-china-46733174 That should definitely move the markets. EZ
Thank you bro , let's check it out.
  • #3,776
  • Jan 1, 2019 11:37pm Jan 1, 2019 11:37pm
Quoting ezcurrency
Wow, just saw this! "China reserved the right to use force" I never saw a head of state say anything like this in public. https://www.bbc.com/news/world-asia-china-46733174 That should definitely move the markets. EZ
this kind of speech pop ups regulary, i think its chit chat, and trying to help trade negotiation with U.S
cant take it very seriously.
  • #3,777
  • Jan 1, 2019 11:42pm Jan 1, 2019 11:42pm
Good morning fellow traders, CAD/JPY and CHF/JPY VS short
  • #3,778
  • Jan 1, 2019 11:45pm Jan 1, 2019 11:45pm
Quoting kk100
{quote} this kind of speech pop ups regulary, i think its chit chat, and trying to help trade negotiation with U.S cant take it very seriously.
Yeah ... but coupled with one of their senior Admirals in the Chinese Navy talking about how they could easily sink a couple of aircraft carriers and kill 10k Sailors ... coupled with this is serious saber rattling. Especially from Xi.

USD tanking across the board. I just longed EU and shorted ACAD (different system, not this one). I may short USD against other pairs. Looking now ...

EZ
  • #3,779
  • Jan 1, 2019 11:45pm Jan 1, 2019 11:45pm
Quoting Detto
Good morning fellow traders, CAD/JPY and CHF/JPY VS short
Thank you bro, nice call
  • #3,780
  • Jan 1, 2019 11:47pm Jan 1, 2019 11:47pm
Not so sure that it's the usual rhetoric, it has a very definite aggressive sound to it that is usually absent, in such a blatant way anyway.
0 traders viewing now