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The gg53 "Killing Zone"

  • #141
  • Sep 3, 2012 9:27am Sep 3, 2012 9:27am
could put that concept in a graph to illustrate the description?
Humble & Kalcker CLO2 = Covid killer
  • #142
  • Sep 3, 2012 9:27am Sep 3, 2012 9:27am
Quoting EaglePip
The coding to externalise bar counts is a bit more involved.
Futurespec is definitely your man there.
EP
EaglePip,

Why?
You can change the fixed numbers with an external parameter.

In any case - thanks for your efforts so far !!

G.
  • #143
  • Sep 3, 2012 9:30am Sep 3, 2012 9:30am
Quoting jusiur
could put that concept in a graph to illustrate the description?

jusiur,

Good idea - but I do't know how to do it...
The whole "action" is within the same bar/candle...

G.
  • #144
  • Sep 3, 2012 9:48am Sep 3, 2012 9:48am
Quoting gg53
jusiur,

Good idea - but I do't know how to do it...
The whole "action" is within the same bar/candle...

G.
may be like this? am I OK?
Attached Image (click to enlarge)
Click to Enlarge Name: big bar.gif Size: 31 KB
Humble & Kalcker CLO2 = Covid killer
  • #145
  • Sep 3, 2012 12:11pm Sep 3, 2012 12:11pm
I've been following this thread since it started - thanks gg53 for sharing your experiences.

The method you trade is entrenched in Wyckoff principles [I'm sure you already know that, but for the benefit of others........].

Wyckoff allows you to identify areas of accumulation/distribution and re-accumulation/re-distribution by means of big bars on high volume at the end of a good move, followed by ranging. Then a breakout and either reversal or continuation.

What you are showing here complies with many of Wyckoff's rules, but makes it easier for the non-Wyckoff student to see/understand.

I have seen this in action today on EURUSD H1 chart.

The benefit of your method is HUGE insofar as it permits entries BEFORE the price breakout, and therefore before the rest of the retail traders see it - which is generally too late!!

Remember, strength appears on down bars and weakness appears on up bars. Retail traders are generally just getting in at the point the big boys are covering their positions.

Understand how the markets are manipulated by the big players with accumulation/distribution, false breakouts and reversals to create liquidity and better prices for themselves to get their positions on, and you will see why/how this method works.

Looking forward to following the thread and seeing how things develop, and hopefully contributing wherever I can.
  • #146
  • Sep 3, 2012 1:02pm Sep 3, 2012 1:02pm
Quoting jusiur
may be like this? am I OK?
Admittedly, I was intrigued by the addition of OBV or GGs version of it and threw it down on a chart this weekend to see how well it would play.

Unlike GG, I am a MA kinda guy, so through on my staples to see if and when they would all come into play.

Using an hourly candle has always been a favorite practice of mine, so, the large outer areas marked are an indicator called, "Large Time Frame", and can be broken down into M5, M15, M30, H1, H4, D1 or W1 depending on what time frame you use, probably not unlike the indicator you are currently using.

Using the MA cross and the OBV, watching as the candles changed from negative to positive, I managed to hammer down a couple of quick longs on the reload zone and churned a couple of bones while out for breakie.

I am not trying to hijack the thread, GG, we will prolly see different on a lot of things, just thought I would throw down a quick chart and say, "Good work"!

And

jusiur, It can help to keep the larger time frames in mind when chopping away at the faster. I am an M1 trader, but still like to keep eyes on hour. Any point of reference is welcome.

Attached Image (click to enlarge)
Click to Enlarge Name: gg.jpg Size: 104 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #147
  • Sep 3, 2012 2:15pm Sep 3, 2012 2:15pm
Quoting Gt3rs
I've been following this thread since it started - thanks gg53 for sharing your experiences.

The method you trade is entrenched in Wyckoff principles [I'm sure you already know that, but for the benefit of others........].

Wyckoff allows you to identify areas of accumulation/distribution and re-accumulation/re-distribution by means of big bars on high volume at the end of a good move, followed by ranging. Then a breakout and either reversal or continuation.

What you are showing here complies with many of Wyckoff's rules, but makes it easier...
Gt3rs,

I know Wyckoff technique but my system is different and not based on Wyckoff.
Wyckoff concentrate on areas of Supply/Demand as well as Support/Resistance - which are Above and Below my "Killing Zone".

The Accumulation/Distribution indicator looks very similiar to Gadi_OBV.
The differences are (hardly) visible.

Gadi_OBV lowest point is actually correspond to the chart lowest point.
Accumulation/Distribution does not.

A/D indicator, Support/Resistance, Supply/Demand are all effective after bar closed.
...and using Wyckoff technique requires you to draw ALL of them.

Gadi_OBV "killing Zone" channel breakout occurs 20 hours before Accumulation/Distribution breakout.

That's good enough for me.

See attached chart.
I didn't want to clutter it with all the other indies.
Just A/D vs. Gadi_OBV.

I'm NOT offering here an opinion whether Wyckoff technique is good or better.

It simply different.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: wyckoff_gadi_obv.gif Size: 29 KB
  • #148
  • Sep 3, 2012 2:30pm Sep 3, 2012 2:30pm
Quoting Magix
Admittedly, I was intrigued by the addition of OBV or GGs version of it and threw it down on a chart this weekend to see how well it would play.

Unlike GG, I am a MA kinda guy, so through on my staples to see if and when they would all come into play.

Using an hourly candle has always been a favorite practice of mine, so, the large outer areas marked are an indicator called, "Large Time Frame", and can be broken down into M5, M15, M30, H1, H4, D1 or W1 depending on what time frame you use, probably not unlike the indicator you are currently...
Magix,

Oh, oh...
I'm not sure you really want to open the MA's Pandora Box here...http://www.forexfactory.com/images/icons/icon7.gif

In any case - I don't understand what I see on your chart.
What is the bottom indicator - OBV, Gadi_OBV or what?
What MA's crosses and what's the LOGIC behind them?

G.
  • #149
  • Sep 3, 2012 2:36pm Sep 3, 2012 2:36pm
Quoting gg53
Magix,

Oh, oh...
I'm not sure you really want to open the MA's Pandora Box here...http://www.forexfactory.com/images/icons/icon7.gif

In any case - I don't understand what I see on your chart.
What is the bottom indicator - OBV, Gadi_OBV or what?
What MA's crosses and what's the LOGIC behind them?

G.
You are correct sir, I do not want to open MA's Pandoras box here, I think you are doing a fantastic job with what you are working with and would hate to confuse the thread with anything else.

Typically, I use MAs for identification of a trend and for triggering purposes and applying them to Gadi_OBV can help clear a lot of the candle clutter from the chart and allow me to just apply trades as per triggers. The charts I use are a lot of the same since my first days of trading, but I do like to check out other trade logic to see how it applies. Really, any extra edge is a good one in my books.

Keep up the great work brother!!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #150
  • Sep 3, 2012 5:40pm Sep 3, 2012 5:40pm
Watch the Gold. "Playing" near breakout.

DON'T TRADE in those hours.

G.
  • #151
  • Edited 7:53pm Sep 3, 2012 7:28pm | Edited 7:53pm
Quoting gg53
EaglePip & All,

"Big Bar" issue - High/Low or Open/Close:
.On the other hand - if the Open/Close difference is BIG after bar close - that means that we are going to face a "settling down" period ahead - i.e. the "Killing Zone".

Does that sounds logical to you?

G.
Yes, gg, the Open/close option as explained is logical. In which case, we probably need to use a factor approx 4-5 times the previous body.
EU chart is attached with T= 4.5. It is setting up for nice breakout.
(Vertical and horizontal lines drawn manually)
EP
Attached Image (click to enlarge)
Click to Enlarge Name: eu49.gif Size: 35 KB
  • #152
  • Sep 3, 2012 7:52pm Sep 3, 2012 7:52pm
Oooops...Breakout...

Gold improve his last world record to a new one...

Good catch, Gadi_OBV...

G.
  • #153
  • Sep 3, 2012 7:55pm Sep 3, 2012 7:55pm
Quoting EaglePip
Yes, gg, the Open/close option as explained is logical. In which case, we probably need to use a factor of > 2 times the previous body.
Will test with different "T' values.
EP
Pls, use external parameters.
This way we all can test different scenarios - not only coders.

Thanks,

G.
  • #154
  • Sep 3, 2012 8:04pm Sep 3, 2012 8:04pm
Quoting gg53
Pls, use external parameters.
This way we all can test different scenarios - not only coders.

Thanks,

G.
The indicator already has an external parameter ("T") for Big Bar Size .
EP
  • #155
  • Sep 3, 2012 8:12pm Sep 3, 2012 8:12pm
I have had all sorts of trouble with my internet over the last couple of days - so i have not been able to try out any of the indicators currently in development.

Do they have an alert function? Could that please be added if it hasn't already?

Could we also have the ability to draw our own lines on a OBV indy and disable the auto draw functionality?

Great work guys - so grateful I found this thread!!!
Enter Signature
  • #156
  • Sep 3, 2012 8:13pm Sep 3, 2012 8:13pm
Quoting EaglePip
The indicator already has an external parameter ("T") for Big Bar Size .
EP
Didn't had a chance to test yet.
My son's Birthday party...

G.
  • #157
  • Sep 3, 2012 8:18pm Sep 3, 2012 8:18pm
Quoting gg53
Oooops...Breakout...

Gold improve his last world record to a new one...

Good catch, Gadi_OBV...

G.
How many pips is 170 Gold pips? http://www.forexfactory.com/images/icons/icon7.gif

G.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 25 KB
  • #158
  • Sep 3, 2012 8:35pm Sep 3, 2012 8:35pm
Quoting gg53
Oooops...Breakout...

Gold improve his last world record to a new one...

Good catch, Gadi_OBV...

G.
No kidding, guys.
Things are not looking good.
This Gold rush and CHF (gold substitute) strengthening is not a good sign...

Is there something that we don't know?

G.
  • #159
  • Sep 3, 2012 8:49pm Sep 3, 2012 8:49pm
Gold and the Aussie should be correlated - and we know that atm the aussie is being slammed.
Enter Signature
  • #160
  • Sep 3, 2012 9:08pm Sep 3, 2012 9:08pm
Quoting Sarythsaya
Gold and the Aussie should be correlated - and we know that atm the aussie is being slammed.
Look at the AUDCHF H4 while sitting down...

G.
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