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The gg53 "Killing Zone"

  • #61
  • Sep 1, 2012 7:59am Sep 1, 2012 7:59am
I hope that when the Indicator will be finished - it will become much clearer and automatic.

I realize that it's hard to see on the chart that Gadi_OBV Breakouts occur BEFORE the bar close.

The indicator will show it clearly.

G.
  • #62
  • Sep 1, 2012 8:11am Sep 1, 2012 8:11am
Here is the first Price Breakout (Buy signal) of previous example on M1- occurs at 15:14 - about 45 minutes before bar close.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: price_breakout.gif Size: 21 KB
  • #63
  • Sep 1, 2012 8:12am Sep 1, 2012 8:12am
From your last example....
You go long at bar #10 on H1 .... fine , no problem.

From that point forward can you explain bar by bar what you do...
What trades you close
What trades you open
What levels you move and at what bar.

Now I am going to mow the lawn which is about my limit it would seem!

M.
If you think I'm mad, I must be mad
  • #64
  • Sep 1, 2012 8:14am Sep 1, 2012 8:14am
just reading thread , trying obv my chart and looking around , than at weekly tf i see this
Attached Image (click to enlarge)
Click to Enlarge Name: obv.gif Size: 13 KB
  • #65
  • Edited 8:46am Sep 1, 2012 8:26am | Edited 8:46am
Quoting jasakreatif
just reading thread , trying obv my chart and looking around , than at weekly tf i see this
jasakreatif,

...and ?!?!
...so ?!?!

You are using OBV, not Gadi_OBV...
...and it's Monthly - not Weekly...


If you only had put High/Low on previous bars before the "jump" - you propably be a milionaire by now...

G.
  • #66
  • Sep 1, 2012 8:40am Sep 1, 2012 8:40am
Quoting futurespec
From your last example....
You go long at bar #10 on H1 .... fine , no problem.

From that point forward can you explain bar by bar what you do...
What trades you close
What trades you open
What levels you move and at what bar.

Now I am going to mow the lawn which is about my limit it would seem!

M.
I think there is a problem... Or maybe I don't understand you...

I hope it's clear now that once the "killing Zone" was established on Gadi_OBV - we are trding VOLUME and not price.

I'm NOT trading the #10 bar breakout !!
I'm trading Gadi_OBV breakout.
You can hide the chart completly - and trade the Gadi_OBV indicator by itself.

As for MM and general trading rules, see here:
http://www.forexfactory.com/showthread.php?p=5972737#post5972737

G.
  • #67
  • Sep 1, 2012 9:02am Sep 1, 2012 9:02am
Yes I know you are trading OBV... made clear numerous times

From your example.....(attached)
It says BUY bar #10 breakout !
Now you say ....
I'm NOT trading the #10 bar breakout !!

Either we will never understand each other or you need to stop talking semantics.

I wish you well but think that I will leave it now before we fall out.

GL

M.
Attached Image
If you think I'm mad, I must be mad
  • #68
  • Sep 1, 2012 9:33am Sep 1, 2012 9:33am
Quoting gg53
M,

It's good that you are asking all those question - it indicates that my explanations are not sufficient - because I'm doing it for so long that things seems obvious - and obviously they are not...
Keep asking !

Movement of Gadi_OBV occurs only AFTER bar close if High/Low is new and outside the current zone.

G.
Do you mean, we should wait till the bar close to see if the OBV breakout has occurred and if its broken within the candle and come back to Killer Zone by the end of the candle, we should ignore that breakout and move the High/Low to the new values?
  • #69
  • Sep 1, 2012 9:35am Sep 1, 2012 9:35am
Quoting futurespec
Yes I know you are trading OBV... made clear numerous times

From your example.....(attached)
It says BUY bar #10 breakout !
Now you say ....
I'm NOT trading the #10 bar breakout !!

Either we will never understand each other or you need to stop talking semantics.

I wish you well but think that I will leave it now before we fall out.

GL

M.
M,

No, it doesn't say that...
It says "Bar #10 is not closed yet"... which means that since it's not closed - we don't have a new high - so the breakout is valid.

G.
  • #70
  • Edited 9:51am Sep 1, 2012 9:38am | Edited 9:51am
Let's trade blindly - no chart - no bars.
Just Gadi_OBV.

G.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: blind.gif Size: 32 KB
Click to Enlarge Name: blind2.gif Size: 28 KB
Click to Enlarge Name: blind3.gif Size: 25 KB
  • #71
  • Edited 10:05am Sep 1, 2012 9:43am | Edited 10:05am
Quoting reachjj
Do you mean, we should wait till the bar close to see if the OBV breakout has occurred and if its broken within the candle and come back to Killer Zone by the end of the candle, we should ignore that breakout and move the High/Low to the new values?
reachjj,

I said it numerous times before:

After the "Killing Zone" is established (and hopefully the coming indicator will do it automatically for us) you don't need the chart anymore.

I know it's a hard concept to "swallow" after so many years of staring at charts - but believe me - you don't need the chart any more. Hide it.

See the post "Let's Trade Blindly" (Post #70).

G.
  • #72
  • Sep 1, 2012 9:46am Sep 1, 2012 9:46am
Quoting gg53
M,

No, it doesn't say that...
It says "Bar #10 is not closed yet"... which means that since it's not closed - we don't have a new high - so the breakout is valid.

G.
So if the breakout is valid, there should have been a Buy signal on this breakout and that would have lost right?
  • #73
  • Sep 1, 2012 9:46am Sep 1, 2012 9:46am
I can fully understand why the chap does not want to post his indicator. But there is really no need for it, its not magic, its just based on volume, Basically grab the better volume indicator look at the last 5 days of volume, a real break out should be with volume, so if you get a break out with volume then go with the market.Look at the eurusd and the big volume on Friday, basically go with the market, if its going up then go with it.
  • #74
  • Sep 1, 2012 9:52am Sep 1, 2012 9:52am
Quoting reachjj
So if the breakout is valid, there should have been a Buy signal on this breakout and that would have lost right?
reachjj,

How did you come to that conclusion?

G.
  • #75
  • Sep 1, 2012 9:57am Sep 1, 2012 9:57am
Quoting Mike Haran
I can fully understand why the chap does not want to post his indicator. But there is really no need for it, its not magic, its just based on volume, Basically grab the better volume indicator look at the last 5 days of volume, a real break out should be with volume, so if you get a break out with volume then go with the market.Look at the eurusd and the big volume on Friday, basically go with the market, if its going up then go with it.

Mike Haran,

I'm glad that you understand...
The indicator WAS posted - with detailed explanation how to build one.

I'm sure others will guide you where to find it and where to find the formulation for it.

And BTW: It's not the last 5 days volume as you suggested...

G.
  • #76
  • Edited 10:38am Sep 1, 2012 10:03am | Edited 10:38am
GADI_OBV v1.3 is now in post #1 (http://www.forexfactory.com/showthread.php?p=5971146#post5971146)
I think it is already abundantly clear the issue of GADI_OBV Break.
Humble & Kalcker CLO2 = Covid killer
  • #77
  • Sep 1, 2012 10:12am Sep 1, 2012 10:12am
The reason why you can trade without chart (after "Killing Zone" setup) is that Gadi_OBV is 100% correlated with price movement.

Furthermore - Price Action is a RESULT of Volume - so in many cases (already shown here - "How to Rob a Swiss Bank" and others) - the Gadi_OBV indicator indicates major movements BEFORE you can see them on the chart.

G.
  • #78
  • Sep 1, 2012 10:16am Sep 1, 2012 10:16am
Another great example is the "Live" trading of Friday on the Gold.
Those who followed and executed made gazilion of pips.

This is not to brag or anything like that - just to prove that Gadi_OBV can and actually predict near future price.

G.
  • #79
  • Sep 1, 2012 10:18am Sep 1, 2012 10:18am
Quoting gg53
reachjj,

How did you come to that conclusion?

G.
Sorry I meant, if you had taken the breakout of H1 then the upmove was not so much and probably it would have ended in loss if we had waited for it to move up... Not sure how much it moved up after the breakout and what was the SL or Trailing SL or Take Profit in that case.....
  • #80
  • Sep 1, 2012 11:01am Sep 1, 2012 11:01am
Quoting reachjj
So if the breakout is valid, there should have been a Buy signal on this breakout and that would have lost right?

reachjj,

No,

The Gadi_OBV breakout happened before - and that specific trade won more than 17 pips.

G.
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