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The gg53 "Killing Zone"

  • #341
  • Sep 9, 2012 3:50am Sep 9, 2012 3:50am
Quoting zeetz
Hi gg53, for some reason I cannot down .ex4 file for the Gadi_OBV indicator needed to try this system. I can however successfully download .mq4 indicators...is there anyway I can get you to post the non- .ex4 file for me so I can? i sure appreciate it!

zeetz,

It's on post #1.
Or is there some other issue?

G.
  • #342
  • Sep 9, 2012 3:56am Sep 9, 2012 3:56am
Quoting mobthehop
attachment

If I read gg53's chart correctly:
....
Mop
mobthehop,
Which gg53 chart are you looking at?
If you are comparing OBV values to his, I just accept that values may differ slightly from broker to broker.
The following posts may help answer some of your questions:
P17 #247, p20#249
EP
  • #343
  • Sep 9, 2012 3:58am Sep 9, 2012 3:58am
Quoting macpippy
Mop - I think you may be misunderstanding the rule re alternating bars. It does not necessarily mean up/down/up/down/up/down - there may be 2 consecutive up or down bars. If there are 3 consecutive up or down bars then it closes the KZ (depending on settings of course).
Cheers
Mac
macpippy,

Correct, but the "general" rule is [N-1] where N is the number of same-direction bars that qualify as an END signal.

In your example/response, assuming that 3 same-direction bars signals END, 2 [i.e. 3-1] up/up or down/down are still valid KZ - as you correctly explained.

G.
  • #344
  • Sep 9, 2012 5:31am Sep 9, 2012 5:31am
Hi Eaglepip - I was refering to the chart on p13 #193 which you gave as example for low volatility, I just recreated that chart as a candle chart....

Appreciate your further comments

Cheers

Mop
  • #345
  • Edited 7:43am Sep 9, 2012 7:26am | Edited 7:43am
Quoting mobthehop
Hi Eaglepip - I was refering to the chart on p13 #193 which you gave as example for low volatility, I just recreated that chart as a candle chart....

Appreciate your further comments

Cheers

Mop
mobthehop,

That's MY chart - not Eaglepip chart, so blame me....

This is a chart that does not follow the mechanical KZ guidelines - but DOES follows the KZ logic.

To solve this "puzzle" - please read the "QUIZ" post.
(post #165 http://www.forexfactory.com/showthread.php?p=5981692#post5981692).

TheRoper solved it, and post #193 is the full explanation.


G.
  • #346
  • Sep 9, 2012 7:41am Sep 9, 2012 7:41am
Quoting gg53
mobthehop,

That's MY chart - not Eaglepip chart, so blame me....

This is a chart that does not follow the mechanical KZ guidelines - but DOES follows the KZ logic.

To solve this "puzzle" - please read the "QUIZ" post.
(post #165 http://www.forexfactory.com/showthread.php?p=5981692#post5981692).


G.
Hi GG,
Welcome back! You beat me to it. Was about to refer mobthehop to the same Quiz post.
Also wanted to comment on his question about time difference. He should compare the actual candles, not the time, as your broker has server time 3 Hrs ahead of other brokers that use GMT.
EP
  • #347
  • Sep 9, 2012 7:48am Sep 9, 2012 7:48am
Quoting EaglePip
Hi GG,
Welcome back! You beat me to it. Was about to refer mobthehop to the same Quiz post.
Also wanted to comment on his question about time difference. He should compare the actual candles, not the time, as your broker has server time 3 Hrs ahead of other brokers that use GMT.
EP
EaglePip,

Maybe I "beat" you - but your answer is more complete...

G.
  • #348
  • Sep 9, 2012 8:11am Sep 9, 2012 8:11am
Thanks Eaglepip and gg53....

I number my questions / observations on purpose, easier for people to reply to specifics... and I really don't get it....

1. Eaglepip refered me to your (gg53) chart in post 193 - all my questions are about #193, so I don't understand why you refer me back to it as way of explanation....

2. As stated in my post #335 my chart is a re-creation of GG53's in post #193 and is taken n my Alpari demo account, so time / candle are identical to gg53's example chart!

3. gg53, your time and interest in sharing permitting, could you please review / comment on my post #335 items 1-3 and A-C. I have noted that the break-outs marked in your chart coincide with LO!

Thanks a lot in advance

Mop
  • #349
  • Sep 9, 2012 9:13am Sep 9, 2012 9:13am
Quoting mobthehop
Thanks Eaglepip and gg53....

I number my questions / observations on purpose, easier for people to reply to specifics... and I really don't get it....

1. Eaglepip refered me to your (gg53) chart in post 193 - all my questions are about #193, so I don't understand why you refer me back to it as way of explanation....

2. As stated in my post #335 my chart is a re-creation of GG53's in post #193 and is taken n my Alpari demo account, so time / candle are identical to gg53's example chart!

3. gg53, your time and interest in sharing permitting,...

mobthehop,

I'll try.
Please step back from all the mechanical and "rules" on HOW to define the "Killing Zone".

Concentrate on WHAT we are trying to define.
We are trying to define an area of consolidation and learn from it.

An area of consolidation is an area AFTER a big price move followed by a small moves until setteling down.

Imagine slamming a ball hard on the floor. It will jump high and then start to jump in ever decreasing steps.

This phenomena sometimes occur in Forex in pre-known TIMES.
One example is the ASIAN session.

So we don't need the "rules" to draw it - we can simply draw the Start time and the End time - and that's it.
The chart in post #193 is an example of TIME related "Killing Zone" - not one that follows the drawing rules.

Another example, not time related but situation related, can be found in the "How to Rob a Swiss Bank".

G.
  • #350
  • Edited 11:55am Sep 9, 2012 11:38am | Edited 11:55am
I need to buy a new car.

Cars are a subject that I know very little about.

I know that I'm biased by advertising.
I know that I'm biased by personal taste.
I know that I need some good advise on the subject.
I also know that I have a lot of good friends that I can consult with.

If I ask only a few of them - I might get an answer only about the latest models.

If I ask some more - I might get an answer about latest models and running costs.

If I ask even more - I might get an answer about latest models, running costs and some more technical info & specification.

If I ask even more - I might get all the above + manufacturing company reliability.

If I ask even more - I might gt all the above + some more info that will not be relevant to my decision and will confuse me...


What is all that BlaBlaBla has to do with Forex?

Everything.
The Bars/Candles are your friends.

Consult with only a few of them (lower TimeFrame) - and you will base yor trading decision only on "Latest models".

Consult with too many "friends" - and you will get confused.

In my trading decision - I'm interested only in "latest models", "running costs" and "reliability".

I find the rest of the info not relevant to me.

Other opinions on the "Buying a New Car" issue?

G.
  • #351
  • Sep 9, 2012 12:08pm Sep 9, 2012 12:08pm
"Horizontal Bars" for Gadi_OBV Indicators
-----------------------------------------

Required additions to current versions:

1. Add a small extra margin to extend the horizontal bars High/Low. Use external parameter as a percent fraction of volume.

2. Add a Visual text for upper/lower breakout value.

3. Add a visual text for current Pips range within the the "Killing Zone" - measured as a diff. between Open/Close price within that zone.

4. Add external parameter (in pips) that below it will color the Pips diff. in RED font - otherwise GREEN or Blue font.

Volunteers?

Thanks.

G.
  • #352
  • Sep 9, 2012 12:23pm Sep 9, 2012 12:23pm
Quoting gg53
Other opinions on the "Buying a New Car" issue?
Yea. Pick a few models that catch your eye. Go test-drive them, then buy the one that you liked the most. You'll end up satisfied, whatever the running costs and the reliability.
Now... I wonder how do you translate this advice into the forex domain.

Best regards,
Barbossa
  • #353
  • Sep 9, 2012 12:41pm Sep 9, 2012 12:41pm
Quoting Barbossa
Yea. Pick a few models that catch your eye. Go test-drive them, then buy the one that you liked the most. You'll end up satisfied, whatever the running costs and the reliability.
Now... I wonder how do you translate this advice into the forex domain.

Best regards,
Barbossa
Barbossa,

Good advise!

The only problem is that after the few "test drives" per your suggestion - my Forex account was busted...
Thanks, mate.

G.

EDIT:
You can see my latest trades, based only on latest models per your suggestion, on the M1 chart.
Sorry I can't attach the chart. Busted Forex account is closed.
  • #354
  • Sep 9, 2012 2:01pm Sep 9, 2012 2:01pm
Quoting gg53
EURCHF stopped by Trailing stop of 7.
Total +8 pips.

Bahhhh... I thought it was going for more.

Waiting for another KZ to form on this with Buy/Sell limit.

G.

I hope you followed my suggestions about the EURCHF situation.
See posts #265 & #270 & "How to Rob a Swiss Bank".

Let's see where it's going to "settle" next.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf4.gif Size: 25 KB
  • #355
  • Sep 9, 2012 3:03pm Sep 9, 2012 3:03pm
Quoting gg53
I need to buy a new car.

Cars are a subject that I know very little about.

I know that I'm biased by advertising.
I know that I'm biased by personal taste.
I know that I need some good advise on the subject.
I also know that I have a lot of good friends that I can consult with.

If I ask only a few of them - I might get an answer only about the latest models.

If I ask some more - I might get an answer about latest models and running costs.

If I ask even more - I might get an answer about latest models, running costs and some more technical...

In conclusion:

Forex is a game of DEFENCE.

When trading I'm always looking for a REALISTIC 1:2 Risk/Reward.

The "Risk" element is calculated based on the SL for the current trade under consideration.
You can find it in "Trade Management" on post #1.

The REALISTIC potential "Reward" is calculated based on the assumption that I'll not be able to catch the maximum or minimum top/bottom of the price move - but only the price move MINUS the Trailing-Stop and minus 2 x Spread.

So that accurate indicator DOES NOT dictate my trading - but a combination of both indicator signal AND my Trade & MM.

That's why I don't trade M1/M5 signals. They are accurate - but not likely to be profitable, and less likely to meet the 1:2 Risk/Reward criteria.
See post #113 - with corresponding chart on post #48.

Forex is a game of DEFENCE.

I use the "Killing Zone" technique to draw the horizontal lines on H1/H4. I found them as good and informative "friends" - see post #350 "Buying a new Car".

For me Those "friends" contain enough info about "latest models", "running costs" and "reliability", without confusing me about very long term "trend" and other non-relevant details.

I'm an Intra-day trader. I don't leave open trades overnight - unless they are protected by at least BE + spread + 1.

Sometimes I go to lower TF's - such as M5/M15 - to confirm an entry/breakout that is currently forming on H1/H4.

Forex is a game of DEFENCE.

G.
  • #356
  • Sep 9, 2012 7:51pm Sep 9, 2012 7:51pm
Quoting gg53
Barbossa,

Good advise!

after the few "test drives" per your suggestion - my Forex account was busted...
.
  • #357
  • Sep 10, 2012 3:54am Sep 10, 2012 3:54am
Classic Asian session Breakout.

First signal of breakout occurs on Europe open (Frankfurt).
Major breakout occurs after London open.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 27 KB
  • #358
  • Sep 10, 2012 4:10am Sep 10, 2012 4:10am
Quoting gg53
Classic Asian session Breakout.

First signal of breakout occurs on Europe open (Frankfurt).
Major breakout occurs after London open.

G.
Almost the same phenomena in EURUSD...
Europe open with a "hint" and London continue...

G.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 28 KB
  • #359
  • Sep 10, 2012 4:29am Sep 10, 2012 4:29am
Quoting gg53
Almost the same phenomena in EURUSD...
Europe open with a "hint" and London continue...

G.
I notice the 5m timeframe on both the charts u posted. Do u use the 60m for the "Asian killzone" trade, or do you use a lower tf?
  • #360
  • Sep 10, 2012 4:39am Sep 10, 2012 4:39am
Quoting panamamike
I notice the 5m timeframe on both the charts u posted. Do u use the 60m for the "Asian killzone" trade, or do you use a lower tf?
I use H1 for Asian session.
I'm moving to lower TF for confirmation only.

I couldn't show you the effect on H1 - so I used M5.

G.
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