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The gg53 "Killing Zone"

  • #561
  • Oct 17, 2012 3:13pm Oct 17, 2012 3:13pm
Quoting gg53
Following the tradition of "Forex is a game of DEFENCE" we will continue to the next chapter and indicator that wil dramatically reduce our trading risks.

If used correctly - it will show you:

1. The whole Forex market condition at a glance - with easilly identified risks and opportunitis.
2. What currency pairs to avoid.
3. The best Risk/Reward ratio of potential trades.

Before going into details - let's review the "Currency" issue.

The currency is the pride and joy of every country and its relative government.
The currency can be viewed...
Yes i like spaghetti... of course I'm from Italy...
Thank you gg53 for your work, i am following you with great interest!!

Thanks again

Regards
Sabrina
  • #562
  • Oct 17, 2012 3:18pm Oct 17, 2012 3:18pm
Quoting gg53
EaglePip,

Strange.. I don't recall posting any templates...


G.
You're right! It is my own template. I thought it had been posted by you.
Something must have changed when I recently ran MT4 Live Update.
I now have Build 4.00 Version 438.
I can see all .ex4 files in the Indicators folder, but some of them do not appear in Navigator.
While investigating this problem, I saw advice about claiming ownership, and in the file Properties saw an Unblock button. But this has not yet to fixed the problem.
In the meantime, will use the Open Source TVI, and BetterVolume which are very similar to yours.
Now, have to focus on reading them correctly to enter trades.
EP
  • #563
  • Oct 17, 2012 3:23pm Oct 17, 2012 3:23pm
Eaglepip, I had same issue before and to solve that I installed mt4 in different folder e.g. c:/Trading/Whatever instead of C:/ProgramFiles ..

I hope this will fix your issues with missing indicators.
  • #564
  • Oct 17, 2012 3:25pm Oct 17, 2012 3:25pm
Quoting sabrys5769
Yes i like spaghetti... of course I'm from Italy...
Thank you gg53 for your work, i am following you with great interest!!

Thanks again

Regards
Sabrina
Sabrina,

I love cats with blue eyes...

G.
  • #565
  • Oct 17, 2012 3:26pm Oct 17, 2012 3:26pm
Quoting sabrys5769
Yes i like spaghetti... of course I'm from Italy...
Thank you gg53 for your work, i am following you with great interest!!

Thanks again

Regards
Sabrina
So, gg53 is Sergio Leone .. who is Clint E.?
  • #566
  • Oct 17, 2012 3:28pm Oct 17, 2012 3:28pm
Quoting EaglePip
You're right! It is my own template. I thought it had been posted by you.
Something must have changed when I recently ran MT4 Live Update.
I now have Build 4.00 Version 438.
I can see all .ex4 files in the Indicators folder, but some of them do not appear in Navigator.
While investigating this problem, I saw advice about claiming ownership, and in the file Properties saw an Unblock button. But this has not yet to fixed the problem.
In the meantime, will use the Open Source TVI, and BetterVolume which are very similar to yours.
Now, have...
EaglePip,

Did you try to RightClick on MT4 and "Run as Administrator"?

G.
  • #567
  • Oct 17, 2012 4:26pm Oct 17, 2012 4:26pm
Spaghetti - here we come !

The indicator shows the 8 major currencies - each currency with a different color.

As usual - we will start with what and when NOT to trade.

1. In the center of the image you can see a congestion area - almost all the currencies loose their momentum and they are flat. Don't trade and ignore all other signals !!

2. Notice the USD (green) and the JPY (yellow) - they are highly correlated and trading them is dangerous.

Now to the "opportunities":
See the CAD and the EUR Overbought/Oversold - they are begging to return...
So lets do them a favour and trade one against the other.
Notice also the "cross" between them - EXIT.

Enjoy your spaghetti...
More to come...

G.
Attached Image (click to enlarge)
Click to Enlarge Name: spaghetti.gif Size: 34 KB
  • #568
  • Oct 17, 2012 4:43pm Oct 17, 2012 4:43pm
This time it's EURJPY.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: spaghetti2.gif Size: 34 KB
  • #569
  • Oct 17, 2012 5:03pm Oct 17, 2012 5:03pm
Quoting gg53
This time it's EURJPY.

G.

I like spaghetti more and more....

I know that probably it is no so easy..., but this means that when the two lines (blue for eu and yellow for jpy) converge eu is becoming weaker against jpy so i sell it, is it right?

Thank you
S
  • #570
  • Oct 17, 2012 5:07pm Oct 17, 2012 5:07pm
Quoting altoronto
Eaglepip, I had same issue before and to solve that I installed mt4 in different folder e.g. c:/Trading/Whatever instead of C:/ProgramFiles ..

I hope this will fix your issues with missing indicators.
Thanks for that altoronto, but I already have MT4 installed on the desktop.
Moved it there when I discovered silly issue with Win7 not saving some files to the Program Files folder.
EP
  • #571
  • Oct 17, 2012 5:13pm Oct 17, 2012 5:13pm
Quoting sabrys5769
I like spaghetti more and more....

I know that probably it is no so easy..., but this means that when the two lines (blue for eu and yellow for jpy) converge eu is becoming weaker against jpy so i sell it, is it right?

Thank you
S
sabrys5769,

This indicator is the first tool to consult before trading.
I use it on the first chart - in full screen.

Once you find "Opportunity" - don't trade it immediatly.
Open the relevant chart for that pair - and use the other indicators to confirm the trade.

...and yes - a "cross" is another way to trade - but more "risky".
To reduce that risk - try to find a cross where one currency is above zero and the other is below it.

G.
  • #572
  • Oct 17, 2012 5:21pm Oct 17, 2012 5:21pm
Quoting gg53
EaglePip,

Did you try to RightClick on MT4 and "Run as Administrator"?

G.
That did it! I have them now.
EP
  • #573
  • Oct 17, 2012 5:24pm Oct 17, 2012 5:24pm
since we donīt like MAīs , I guess it has ROC in itīs core, Iīm close?
Humble & Kalcker CLO2 = Covid killer
  • #574
  • Oct 17, 2012 5:26pm Oct 17, 2012 5:26pm
Quoting sabrys5769
I like spaghetti more and more....

I know that probably it is no so easy..., but this means that when the two lines (blue for eu and yellow for jpy) converge eu is becoming weaker against jpy so i sell it, is it right?

Thank you
S
sabrys5769,

The move of a currency up or down means that it is gaining or loosing strength ralative to the others.

Best trades are made when a currency "returns" from the "too high" or "too low" area (the level lines above/below the zero level).
Those levels are drawn automaticaly by the indicator.

G.
  • #575
  • Oct 17, 2012 5:29pm Oct 17, 2012 5:29pm
Quoting EaglePip
That did it! I have them now.
EP
EP,

I'm glad it helped.

G.
  • #576
  • Oct 17, 2012 5:34pm Oct 17, 2012 5:34pm
Quoting jusiur
since we donīt like MAīs , I guess it has ROC in itīs core, Iīm close?
jusiur,

Triple moving average with my birthdate numbers and two Trendlines...

G.
  • #577
  • Oct 17, 2012 5:37pm Oct 17, 2012 5:37pm
Quoting gg53
sabrys5769,

The move of a currency up or down means that it is gaining or loosing strength ralative to the others.

Best trades are made when a currency "returns" from the "too high" or "too low" area (the level lines above/below the zero level).
Those levels are drawn automaticaly by the indicator.

G.
yes it is clear now.. very interesting indicator!!

Thanks for your explanation

have a good night
Sabrina
  • #578
  • Oct 17, 2012 5:42pm Oct 17, 2012 5:42pm
Quoting sabrys5769
I like spaghetti more and more....

I know that probably it is no so easy..., but this means that when the two lines (blue for eu and yellow for jpy) converge eu is becoming weaker against jpy so i sell it, is it right?

Thank you
S
sabrys5769,

Google says "Chi vuol" - not vol...http://www.forexfactory.com/images/icons/icon7.gif

G.
  • #579
  • Oct 17, 2012 5:43pm Oct 17, 2012 5:43pm
Quoting jusiur
since we donīt like MAīs , I guess it has ROC in itīs core, Iīm close?
sorry if there was a misunderstanding. ROC = Rate of Change
Humble & Kalcker CLO2 = Covid killer
  • #580
  • Oct 17, 2012 5:49pm Oct 17, 2012 5:49pm
Quoting jusiur
sorry if there was a misunderstanding. ROC = Rate of Change
jusiur,

I understood the first time...
it's a simple adding/removing points from each pair the the currency participate.

G.
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