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The gg53 "Killing Zone"

  • #741
  • Oct 24, 2012 10:40am Oct 24, 2012 10:40am
Quoting 4xPIPAHOLIC
Here it is guy...it is amazing.....

Attachment
Thanks buddy
  • #742
  • Oct 24, 2012 10:55am Oct 24, 2012 10:55am
Quoting kapybara
Thanks for tip gg, I'll try it.

GG, I have tried the same scenario you showed here yesterday. I assumed that these trades were high risk trades, therefore I tried to strictly follow the rules and looked at those trades as twin trades (correlated). Please can you check if I'm good student. (What would you point out on these trades?)

Thank you,
Kapy
kapybara,

You are a good student, following everything to the letter !!

However, I would have enter those trades a bit sooner (ignoring the low volume) by considering the combined Gadi_OBV and Gadi_TickVolume TROUGHS as stronger signals than the weight of volume itself. I already mentioned the PEAKS and TROUGHS as a strong signals somewhere in this forum. But that's my experience talking...

All and all - you took a good, safe trade.

G.
  • #743
  • Edited 11:23am Oct 24, 2012 11:05am | Edited 11:23am
Gg,

Is this still best only for European session? Do u still avoid trading pairs involved in news events? If so what kind of window do u place around the news item?
  • #744
  • Oct 24, 2012 11:08am Oct 24, 2012 11:08am
Quoting gg53
kapybara,

You are a good student, following everything to the letter !!

However, I would have enter those trades a bit sooner (ignoring the low volume) by considering the combined Gadi_OBV and Gadi_TickVolume TROUGHS as stronger signals than the weight of volume itself. I already mentioned the PEAKS and TROUGHS as a strong signals somewhere in this forum. But that's my experience talking...

All and all - you took a good, safe trade.

G.
thank you master
  • #745
  • Oct 24, 2012 11:36am Oct 24, 2012 11:36am
Quoting panamamike
Gg,

Is this still best only for European session? Do u still avoid trading pairs involved in news events? If so what kind of window do u place around the news item?
panamamike,

The overall rules and guidelines are valid at anytime.

However, my personal trading favour the larger volume sessions (London Open/Close).
During the Asian session (lower volumes) to trade the dominate currencies (i.e. AUDJPY, NZDJPY).

The logic behind it is very simple - the indicators "signals" are more valid if they are backed up by large numbers behind them.

G.

EDIT:
Forgot to answer the "News" issue...
"News"trading is an issue and system/technique by itself.
To start with - avoid trading and "guessing" the news outcome. The risk involved does not worth it.
I have my methods for this - I'm willing to share - but let's finish "normal" trading system/techniques first.
  • #746
  • Oct 24, 2012 11:56am Oct 24, 2012 11:56am
How do you decide when to exit trades, or what your take profit level is? I have a bad habit of letting a lot of my winners turn in to losers. It's almost as though I hope they keep moving favorably for me and don't stop, but obviously that doesn't happen.

I've tried trailing stops but sometimes they've let me down when I've had them too tight, and other times I've been burned with them being too big. Sometimes I use 5-8 pips, others 15 or more.

I know the indicators will tell me when something is turning, but there are times I can't be watching them, like if I make a trade and have to sleep.

Any help would be greatly appreciated as it's killing my profits.

Maybe it's something I just haven't learned yet as I'm pretty new to trading..
  • #747
  • Oct 24, 2012 11:57am Oct 24, 2012 11:57am
Quoting gg53
...and the live trade from post #418 was +16 now it's +11.
Still protected by 5 pips TrailingStop.

G.
GG your system is awesome.
Can you please share your Moneyflow indi when its possible?
  • #748
  • Oct 24, 2012 12:22pm Oct 24, 2012 12:22pm
Quoting kapybara
Thanks buddy
NP my pleasure my friend!
  • #749
  • Oct 24, 2012 1:29pm Oct 24, 2012 1:29pm
Has any thought been given to adding an alert to Gadi Currencies?
  • #750
  • Oct 24, 2012 4:49pm Oct 24, 2012 4:49pm
Quoting Visari
How do you decide when to exit trades, or what your take profit level is? I have a bad habit of letting a lot of my winners turn in to losers. It's almost as though I hope they keep moving favorably for me and don't stop, but obviously that doesn't happen.

I've tried trailing stops but sometimes they've let me down when I've had them too tight, and other times I've been burned with them being too big. Sometimes I use 5-8 pips, others 15 or more.

I know the indicators will tell me when something is turning, but there are times I can't be watching...
Visari,

If your winners are turning into loosers - your problem is not the TrailingStop number. It's greed...

NO ONE succeed in getting in a trade at it's exact start and get out at it's exact end on a regular basis. Change your mindset. Your target is to make profit from a low risk opportunity. don't "eat your heart" if you didn't make the maximum of your trade.

The first thing you should check is your strategy.
1. Does It get into profit within the first 4 bars more than 60% of the time?
2. Protect your profit (BE+1) after 6-7 pips profit. Use even less pips if in counter-trend. This is to start with - after you get more confident you can increase the distance.

3. Don't trade currency pairs that require more than 5 pips TrailingStop distance.

4. Use a simple trailing stop of 4-5 pips.

The above tactic will not maximize your trade, but will set you in profit and increase your confident.

All the other tactics and nicesities should come later.
DON'T EVER try to maximize profits by increasing the risk !!

G.
  • #751
  • Oct 25, 2012 2:07am Oct 25, 2012 2:07am
Good morning,

looks like GBP/JPY and EUR/JPY setting up for a possible trade...

...if you have time, watch it


Regards...
  • #752
  • Oct 25, 2012 2:41am Oct 25, 2012 2:41am
Gadi_OBV updated to MTF version.
MTF version is Gadi_OBV_v1.4.
TF parameter = 0 [Current chart TF], 1, 5, 15, 30, 60, 240, ...

Please share your chart insights & ideas using it's MTF feature.

Enjoy.

G.
Attached File(s)
File Type: ex4 Gadi_OBV_v1.4.ex4   5 KB | 935 downloads
  • #753
  • Oct 25, 2012 3:16am Oct 25, 2012 3:16am
Thankyou for all your help gg53. Any chance we could have an option to have more history on Gadi currencies so we can backtest?
  • #754
  • Oct 25, 2012 3:21am Oct 25, 2012 3:21am
Quoting gg53
Gadi_OBV updated to MTF version.
MTF version is Gadi_OBV_v1.4.
TF parameter = 0 [Current chart TF], 1, 5, 15, 30, 60, 240, ...

Please share your chart insights & ideas using it's MTF feature.

Enjoy.

G.
Thank you master...!!!!!
  • #755
  • Oct 25, 2012 3:32am Oct 25, 2012 3:32am
Quoting tixy
Thankyou for all your help gg53. Any chance we could have an option to have more history on Gadi currencies so we can backtest?
tixy,

The reason I limited the history on Gadi_Currencies is that it is very CPU intensive. How much more do you think you need?

G.
  • #756
  • Oct 25, 2012 3:37am Oct 25, 2012 3:37am
I understand gg53. How about 12 months of history? Thankyou.
  • #757
  • Oct 25, 2012 3:53am Oct 25, 2012 3:53am
Quoting tixy
I understand gg53. How about 12 months of history? Thankyou.
tixy,

That's about 35,000 iterations on M15 chart and more than 100,000 on an M5 chart...
So it seems that you are in a process of building an EA. Why not share it with us or at least the logic behind it?

G.
  • #758
  • Oct 25, 2012 4:18am Oct 25, 2012 4:18am
I'm not building an EA lol. I'm not that advanced at all in Forex trading . I'm trying to figure out how to predict big moves using the 1 Hr timeframe because I find the 15 Min timeframe gives a lot signals and most don't result in big moves.

I think Gadi currencies is a real gem but I'd like to understand it a bit more.
  • #759
  • Edited 5:58am Oct 25, 2012 5:06am | Edited 5:58am
Quoting tixy
I'm not building an EA lol. I'm not that advanced at all in Forex trading . I'm trying to figure out how to predict big moves using the 1 Hr timeframe because I find the 15 Min timeframe gives a lot signals and most don't result in big moves.

I think Gadi currencies is a real gem but I'd like to understand it a bit more.
tixy,

You will find the big moves on H1 & H4 charts - with both chart and indicator on the same TF.

Warning! Don't trade the Gadi_Currencies signals by themselves. Always ask for confirmation from some of the other indies. The Indicator was built with the idea of working in tandem with others.

G.
  • #760
  • Oct 25, 2012 6:26am Oct 25, 2012 6:26am
GG any specific reason as to why you prefer 15M to trade? That´s because LO session volume?
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