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The gg53 "Killing Zone"

  • #981
  • Nov 6, 2012 6:24am Nov 6, 2012 6:24am
It is Ok on my charts (attached).
Please post charts after "end hour" to show possible "BUGS".

G.
Attached Image (click to enlarge)
Click to Enlarge Name: obv2.2.gif Size: 35 KB
  • #982
  • Nov 6, 2012 6:40am Nov 6, 2012 6:40am
Quoting alij79
gg... i wanted to know your success using this method with gold trading, how much success u achieved and what TF do u usually use for gold trading ?

I am trying gold with asian BO and tick volume .. is it enough for confirmation or volume normalization indicator shud be used as additional confirmation too?

and secondly what percentage increase value u use for gold... same 0.5?

waht abt SL and TP ... same method u use for currencies?

thanks....looking forward to ur valuable suggestions.
alij79,

I trade both Gold and Silver with same success.
There are a few posts here where I predicted Gold record high about 4 hours before it happend.

For those precious metals I use H1 Gadi_OBV for establishing a channel.
Entry is based channel breakout & Gadi_TickVolume, with confirmation from M15 for more exact entry.
You can also use the CHF strength (Gadi_Currencies) to confirm the Gold large moves. CHF & Gold are known to increase when there is some "panic" in the market.

The PercentIncrease parameter in Gadi_OBV depends on the currency pair volatility. Out of laziness I leave it at 0.4 and trade between the channel Max./Min. and the level - based on how volatile the pair volume is.

G.
  • #983
  • Nov 6, 2012 6:44am Nov 6, 2012 6:44am
Quoting gg53
Ron,

Channel is formed AFTER the END hour is reached.
In your posted chart the channel is defined between 00:00 and 07:00 - and the chart current time is only 03:00.

The channel time is the BROKER time.
The PercentIncrease will draw a levels line above/below the channel Min./Max. value for more safe entry. It's usually a fraction of percent.

G.
Thanks G.
  • #984
  • Nov 6, 2012 7:03am Nov 6, 2012 7:03am
Quoting gg53
Ron,

I used H4 to answer Sabrina questrion about higher TF's.
There is an explanation here about TF's.
The indicators are valid and accurate in any TF - there is a demo chart here even on M1.

The questions you should ask yourself are:
Is it realistic to gain 1:2 Risk/Reward ratio in this TF?
Can I protect my profit (BE) considering the broker limitations?
Am I trading with or against the major trend (against the trend requires faster and shorter SL/TP)?

When trading longer TF's you need ALL the confirmation available to line up.
The reason...
Thanks G for your explanation.

If using iCustom to call Gadi_OBV_v2.2 to get upper & lower lines of the channels, which buffers should we use ?

Thanks Ron.
  • #985
  • Edited 7:28am Nov 6, 2012 7:12am | Edited 7:28am
Quoting alij79
gg... i wanted to know your success using this method with gold trading, how much success u achieved and what TF do u usually use for gold trading ?

I am trying gold with asian BO and tick volume .. is it enough for confirmation or volume normalization indicator shud be used as additional confirmation too?

and secondly what percentage increase value u use for gold... same 0.5?

waht abt SL and TP ... same method u use for currencies?

thanks....looking forward to ur valuable suggestions.
alij79,

Here is a sample "Gold" trade (XAUUSD).

Gadi_OBV channel is drawn manually after "large move" (vertical red line at 20:30).
"Large move" is usually followed by consolidation period (both Volume and Price) marked manually as Gadi_OBV channel.

Waiting for channel breakout + confirmaion by Gad_TickVolme + cofirmation By USD "weakness" shown in Gadi_Currecies (XAU is not shown because of indicator limitation).

That's a safe trade.

G.

EDIT:
Forgot the CHF confirmation at the entry time... Here it is... USD is going down (loosing strength) and CHF is going up (gaining strength).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold.gif Size: 36 KB
Click to Enlarge Name: usdchf.gif Size: 37 KB
  • #986
  • Nov 6, 2012 7:36am Nov 6, 2012 7:36am
Quoting lvdfx888
Thanks G for your explanation.

If using iCustom to call Gadi_OBV_v2.2 to get upper & lower lines of the channels, which buffers should we use ?

Thanks Ron.
Ron,

See post #942.

G.
  • #987
  • Nov 6, 2012 8:24am Nov 6, 2012 8:24am
Quoting gg53
Ron,

See post #942.

G.
Thanks G.
  • #988
  • Nov 6, 2012 8:42am Nov 6, 2012 8:42am
thanks alot gg.... fantastic... God bless you..... one thing i want to know can we use asian breakout channel formed by indicator instead of manually drawing the channel ?

and for SL and TP your suggestions?

Quoting gg53
alij79,

Here is a sample "Gold" trade (XAUUSD).

Gadi_OBV channel is drawn manually after "large move" (vertical red line at 20:30).
"Large move" is usually followed by consolidation period (both Volume and Price) marked manually as Gadi_OBV channel.

Waiting for channel breakout + confirmaion by Gad_TickVolme + cofirmation By USD "weakness" shown in Gadi_Currecies (XAU is not shown because of indicator limitation).

That's a safe trade.

G.

EDIT:
Forgot the CHF confirmation at the entry time... Here it is... USD is...
  • #989
  • Nov 6, 2012 9:49am Nov 6, 2012 9:49am
Quoting alij79
thanks alot gg.... fantastic... God bless you..... one thing i want to know can we use asian breakout channel formed by indicator instead of manually drawing the channel ?

and for SL and TP your suggestions?
alij79,

Gold and Silver have very little to do with the Asian session.
You can "automaticaly" draw the channel for Gold & Silver by using Start/End hours when you spot a "flat" price and volume period on XAUUSD or XAGUSD.
That's why I called it a "channel" instead of "Asian session".

Use the same MM and SL/TP as any other currency pair.

G.
  • #990
  • Nov 6, 2012 12:23pm Nov 6, 2012 12:23pm
Quoting alij79
thanks alot gg.... fantastic... God bless you..... one thing i want to know can we use asian breakout channel formed by indicator instead of manually drawing the channel ?

and for SL and TP your suggestions?
alij79,

Does the attached looks familiar to you?
Can I board your yacht?
Can you logicaly explain this?

G.
Attached Image (click to enlarge)
Click to Enlarge Name: obama_gold.gif Size: 31 KB
  • #991
  • Edited 1:06pm Nov 6, 2012 1:01pm | Edited 1:06pm
I'in... first targhet the nearest resistance... demo because of election day etc etc... also eurjpy looks interesting...see how it goes...
Also ct... a bit risky...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 12 KB
  • #992
  • Nov 6, 2012 1:17pm Nov 6, 2012 1:17pm
Quoting sabrys5769
I'in... first targhet the nearest resistance... demo because of election day etc etc... also eurjpy looks interesting...see how it goes...
Also ct... a bit risky...
sabrys5769,

I can accept this EURUSD BUY trade if it was done on H1 at 10:00.
Your trade is more than "...a bit risky..." - it's pure gambling in my opinion.

Let's pray to the Casino Lord...

G.
  • #993
  • Nov 6, 2012 1:27pm Nov 6, 2012 1:27pm
Thanks for everything so far G.

I'm sure there are lots of people that are reading this that haven't posted yet.

Your explanations and ideas are very good.
  • #994
  • Nov 6, 2012 4:02pm Nov 6, 2012 4:02pm
Quoting gg53
alij79,

Here is a sample "Gold" trade (XAUUSD).
.....
That's a safe trade.

G.

EDIT:
Forgot the CHF confirmation at the entry time... Here it is... USD is going down (loosing strength) and CHF is going up (gaining strength).
Hi GG,
I have not posted for a while, but still following closely and trying to look for trades that satisfy conditions as suggested by you.
Thanks for the "Gold" tips.
My broker has just introduced Gold, but its only available on request.
I read on the commodities forum that the spreads can be quite high, but moves are equally large!
EP
  • #995
  • Nov 6, 2012 4:18pm Nov 6, 2012 4:18pm
Quoting gg53
sabrys5769,

I can accept this EURUSD BUY trade if it was done on H1 at 10:00.
Your trade is more than "...a bit risky..." - it's pure gambling in my opinion.

Let's pray to the Casino Lord...

G.
Hello G,

Thank you very much for your "sweet" comment...., this is a DEMO trade and i'm still learning how to use your indicators...
we ALL make mistakes... don't you?

I can post here all my beautiful trades after they have occurred and read your comment: good job Sabrina!! but in this case I do not LEARN anything.

I would be happy and would be more useful (instead to pray to the casino lord...) imho... if you could explain to me what I did wrong (step by step if you can, as you would do with a child..) and why the H1 trade 10:00 buy eurusd is not "gambling" but a great trade (yes i can see it now ... but it is after....) so we can all learn from my mistake...

I hope that I have not asked you too much

Thank you again....
Sabrina

P.S. "nessuno nasce imparato"
  • #996
  • Nov 6, 2012 4:37pm Nov 6, 2012 4:37pm
Quoting EaglePip
Hi GG,
I have not posted for a while, but still following closely and trying to look for trades that satisfy conditions as suggested by you.
Thanks for the "Gold" tips.
My broker has just introduced Gold, but its only available on request.
I read on the commodities forum that the spreads can be quite high, but moves are equally large!
EP
EaglePip,

We missed you...

Watch the Gold in the next few hours.
Its currently forming another tight channel, and according to the US ellection results, its going to "move".

Welcome back !

G.
  • #997
  • Nov 6, 2012 5:05pm Nov 6, 2012 5:05pm
Quoting sabrys5769
Hello G,

Thank you very much for your "sweet" comment...., this is a DEMO trade and i'm still learning how to use your indicators...
we ALL make mistakes... don't you?

I can post here all my beautiful trades after they have occurred and read your comment: good job Sabrina!! but in this case I do not LEARN anything.

I would be happy and would be more useful (instead to pray to the casino lord...) imho... if you could explain to me what I did wrong (step by step if you can, as you would do with a child..) and why the H1 trade 10:00 buy eurusd...
Sabrina,

Oh.... I'm sorry. I didn't meant to offend you.

If you look at few of my recent previous posts regarding the Gold - you can see that there is a small "panic" in the market. Almost all financial institutions took their money "out of the market" and put it "safe" places - such as Gold and CHF.
The main reason is the "RoBama" issue - the elections in the US. The results could have major effect on the USD - and that's why I called it a "gambling" trade - especialy at such a late hour - and volume is going down.

G.
  • #998
  • Nov 6, 2012 5:46pm Nov 6, 2012 5:46pm
Quoting gg53
EaglePip,


Watch the Gold in the next few hours.
Its currently forming another tight channel, and according to the US ellection results, its going to "move".

Welcome back !

G.
Since I do not have Gold yet, I will be watching USD closely as the election results start coming in.
Active pair at the moment seems to be EUR/JPY.
EP
  • #999
  • Nov 6, 2012 6:20pm Nov 6, 2012 6:20pm
Quoting EaglePip
Since I do not have Gold yet, I will be watching USD closely as the election results start coming in.
Active pair at the moment seems to be EUR/JPY.
EP
EaglePip,

I mentioned Gold (XAUUSD) because of its general context to the general Forex market.
It's interesting to watch how the money "flows" to safe places when faced with uncertainty.

G.
  • #1,000
  • Nov 7, 2012 12:28am Nov 7, 2012 12:28am
Quoting gg53
Sabrina,

Oh.... I'm sorry. I didn't meant to offend you.

If you look at few of my recent previous posts regarding the Gold - you can see that there is a small "panic" in the market. Almost all financial institutions took their money "out of the market" and put it "safe" places - such as Gold and CHF.
The main reason is the "RoBama" issue - the elections in the US. The results could have major effect on the USD - and that's why I called it a "gambling" trade - especialy at such a late hour - and volume is going down.

G.
It is all ok G, you do not have to say sorry and i'm not offended, this business is so difficult and we are all here to learn...

anyway i close my "gambling" trade half in profit this night and put sl to be... it will be because of the "predictive" nature of your indicators or because the casino lord is a friend of mine.....?? just joking......

have a great trading day
Sabrina
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