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The gg53 "Killing Zone"

  • #421
  • Sep 11, 2012 4:11pm Sep 11, 2012 4:11pm
...and the live trade from post #418 was +16 now it's +11.
Still protected by 5 pips TrailingStop.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_h1_div2.gif Size: 27 KB
  • #422
  • Sep 11, 2012 4:58pm Sep 11, 2012 4:58pm
Fwiw, on the 15m time frame, using the indi, I use settings of :

length of Big move bar = 2.5 times previous bar

Consecutive alternating bars of 10 (2.5 )

MM 18 pip SL, risk1% per trade based on SL(then adjust manually to smaller of spread over/ under recent high low or 18)

move to Be 1 at 8 the trail by 5.
  • #423
  • Sep 11, 2012 6:14pm Sep 11, 2012 6:14pm
Quoting panamamike
Fwiw, on the 15m time frame, using the indi, I use settings of :

length of Big move bar = 2.5 times previous bar

Consecutive alternating bars of 10 (2.5 )

MM 18 pip SL, risk1% per trade based on SL(then adjust manually to smaller of spread over/ under recent high low or 18)

move to Be 1 at 8 the trail by 5.
panamamike,

Number of bar to signal "End"?
How many "Correct" breakouts out of xx?

("Correct" breakouts are ones that can be protected by BE+spread+1).

G.
  • #424
  • Edited 1:28am Sep 12, 2012 12:28am | Edited 1:28am
Quoting gg53
I know that most of you are saying "cut the BS... show me where to Buy/Sell" - but pls bare with me...

Besides the Buy/Sell zero crossing - note in the attached chart (same chart as before) how the indicator "honors" the Zero line (marked points on the indicator).

Also see that those points correspond to the chart close price (yellow connecting line).

Is this yellow line an interesting target price?
Is this a new support/resistance line?
Is this a new way of drawing/knowing the trend line?
Is this a breakout line?

Let me...
GG53, I think that the yellow line - the line of balance of the prices or the comfortable price for elephants.

If "killing zone" will be higher/is lower than this line, we will return to it. Means is our purpose on profit.

I think, you use this indicator (http://www.incrediblecharts.com/indicators/twiggs_money_flow.php).
  • #425
  • Sep 12, 2012 1:32am Sep 12, 2012 1:32am
Actually excellent indicator. Thanks, GG53, thought long ago of it.
Attached File(s)
File Type: mq4 Twiggs Money Flow ORG.mq4   4 KB | 1,029 downloads
  • #426
  • Sep 12, 2012 2:15am Sep 12, 2012 2:15am
Quoting gg53
Here is (almost) everything combined.

.....
Looks like the system works...

G.
Hello GG,
Thanks for introducing the concept of the Elephant as a new term for the the commonly used 'Big Boys' and probably more appropriate in the FX context!
Looking at your 3 trades, I am trying to understand the role of the Elephant indicator.
It appears to mainly serve as confirmation for Gadi_OBV trades, and to provide early warning of divergence.
Is that a correct assessment?
Thanks.
PS- Thanks also to Starola for the Twiggs MF. It very neatly converts the A/D to an Oscillator!
  • #427
  • Sep 12, 2012 4:15am Sep 12, 2012 4:15am
Quoting starola
GG53, I think that the yellow line - the line of balance of the prices or the comfortable price for elephants.

If "killing zone" will be higher/is lower than this line, we will return to it. Means is our purpose on profit.

I think, you use this indicator (http://www.incrediblecharts.com/indicators/twiggs_money_flow.php).
starola,

Yellow line = See post #404.

G.
  • #428
  • Sep 12, 2012 4:27am Sep 12, 2012 4:27am
Quoting EaglePip
Hello GG,
Thanks for introducing the concept of the Elephant as a new term for the the commonly used 'Big Boys' and probably more appropriate in the FX context!
Looking at your 3 trades, I am trying to understand the role of the Elephant indicator.
It appears to mainly serve as confirmation for Gadi_OBV trades, and to provide early warning of divergence.
Is that a correct assessment?
Thanks.
PS- Thanks also to Starola for the Twiggs MF. It very neatly converts the A/D to an Oscillator!
EaglePip,

The "Elephant detector" does a triple job for me:
1. Buy/Sell signals on Zero cross (ignore when in "Killing Zone").
2. Spot immediate divergence between Gadi_OBV. Serves as Buy/Sell signal in the direction of the detector, Exit of existing trade.
3. Strong support line based on it - like no other in the market (see post #404)

The "Elephant detector" is our "In-Trend" trading system. Ignore it's signals when in "Killing Zone".

The effective combination of ALL of them together, in action, is on post #419.

G.
  • #429
  • Sep 12, 2012 4:54am Sep 12, 2012 4:54am
Quoting gg53
EaglePip,

The "Elephant detector" does a triple job for me:
3. Strong support line based on it - like no other in the market (see post #404)

The "Elephant detector" is our "In-Trend" trading system. Ignore it's signals when in "Killing Zone".

The effective combination of ALL of them together, in action, is on post #419.

G.
Definitely adds to confidence, however, would have taken this trade just on Gadi_OBv. Unfortunately, I have yet to master the MM!
EP
Attached Image (click to enlarge)
Click to Enlarge Name: eu12.gif Size: 32 KB
  • #430
  • Sep 12, 2012 5:15am Sep 12, 2012 5:15am
Quoting EaglePip
Definitely adds to confidence, however, would have taken this trade just on Gadi_OBv. Unfortunately, I have yet to master the MM!
EP
EaglePip,

Gadi_OBV and the "Killing Zone" breakout is valid by itself.

The "Killing Zone" concept was introduced here as a definition of when NOT to trade - no matter what trading system you are using.
Again - "Forex is a game of DEFENCE".

If you like the LOGIC behind Volume trading - then trade it's Breakout.

Now comes the second part:
How to trade the "In-Trend" market?
Here we use the "Elephant detector" with it's 3 informative features - Support, Divergence and Breakout.

G.
  • #431
  • Sep 12, 2012 5:25am Sep 12, 2012 5:25am
Quoting EaglePip
Definitely adds to confidence, however, would have taken this trade just on Gadi_OBv. Unfortunately, I have yet to master the MM!
EP
EaglePip,

Refering to your chart - I can assure you that many traders lost a lot of money while trading those two big H/L bars while you were sitting comfortably and secured in the shelter of the "Killing Zone"...

G.
  • #432
  • Sep 12, 2012 5:38am Sep 12, 2012 5:38am
Quoting starola
Actually excellent indicator. Thanks, GG53, thought long ago of it.
starola,

Pls read post #396.

Indeed excellent one to our purpose and logic.

I'm using a (small) variation/modification of it.

G.
  • #433
  • Edited 6:06am Sep 12, 2012 5:46am | Edited 6:06am
Quoting gg53
starola,

Pls read post #396.

Indeed excellent one to our purpose and logic.

I'm using a (small) variation/modification of it.

G.
GG53, thanks for your work.
You forced me to think over logic of volumes on another. I will wait and study together with all.
  • #434
  • Sep 12, 2012 6:03am Sep 12, 2012 6:03am
Quoting gg53
EaglePip,

Gadi_OBV and the "Killing Zone" breakout is valid by itself.

The "Killing Zone" concept was introduced here as a definition of when NOT to trade - no matter what trading system you are using.

G.
Nice summary. Simple and Easy.
I like the idea of taking shelter in the KZ!
EP
  • #435
  • Sep 12, 2012 6:27am Sep 12, 2012 6:27am
I'm having trouble with the rules. I understand the killing zone is about a (any) period of consolidation. Thus I also understand the Asian range. I have 2 questions though:
1. Does the Asian range KZ also ends after 3 bull/bear candles?
2. If so, do I also extend the range after breakouts untill the end signal?
  • #436
  • Sep 12, 2012 7:14am Sep 12, 2012 7:14am
Quoting forexdutchy
I'm having trouble with the rules. I understand the killing zone is about a (any) period of consolidation. Thus I also understand the Asian range. I have 2 questions though:
1. Does the Asian range KZ also ends after 3 bull/bear candles?
2. If so, do I also extend the range after breakouts untill the end signal?
forexdutchy,

1. The Asian session ends when Mr. GameChanger joins the game.
See post #122 "Bed Time Story".
Yes, it ends when the Asian session ends - according to our rules.
It ends at a pre-determined time without waiting for 3 bull/bear bars.

2. Based on (1) above - no need to extend a non-valid "Killing Zone" - just trade the breakout.
From now on either trade a newly formed KZ breakout or trade according to in-trend "Elephant detector".
Searching & Drawing the "Killing Zone" takes priority above anything else. "Forex is a game of DEFENCE".

*** Caution !! - If the Asian session is very small in Open/Close range - DON'T trade it's breakout.

G.

EDIT:
Based on the above - you can draw the Asian session for years ahead.
  • #437
  • Sep 12, 2012 7:36am Sep 12, 2012 7:36am
Thnx gg,

Is it safe to say we trade the first major breakout of the Asian KZ during the Europe session and after this only trade with the "Elephant detector" or a newly formed KZ.
  • #438
  • Sep 12, 2012 7:41am Sep 12, 2012 7:41am
Quoting gg53
panamamike,

Number of bar to signal "End"?
How many "Correct" breakouts out of xx?

("Correct" breakouts are ones that can be protected by BE+spread+1).

G.
Number of bars to signal end is set to 6

I will get some stats as to the "success rate" as I go forward.
  • #439
  • Sep 12, 2012 7:53am Sep 12, 2012 7:53am
Quoting forexdutchy
Thnx gg,

Is it safe to say we trade the first major breakout of the Asian KZ during the Europe session and after this only trade with the "Elephant detector" or a newly formed KZ.
forexdutchy,

Yes.
We use the Europe open as an Asian session End, i.e. Mr. GameChanger arrived...

Most of the time the major breakout will occur after London open (1 hr. later) - but why not try to add a few extra pips in case Europe decide to breakout first?

It's your decision whether to treat Europe open or London open as an end to the Asian session.

G.
  • #440
  • Sep 12, 2012 7:54am Sep 12, 2012 7:54am
Quoting panamamike
Number of bars to signal end is set to 6

I will get some stats as to the "success rate" as I go forward.
panamamike,

Thanks !!

G.
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