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The gg53 "Killing Zone"

  • #1,001
  • Nov 7, 2012 2:48am Nov 7, 2012 2:48am
Quoting sabrys5769
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
Sabrina,

Following your yesterday 16:00 EURUSD BUY trade on M15 chart reveals the following:
After 30 min. it went into a LOSS of about 15 pips.
After 2.5 hours it went into PROFIT of about 10 pips.
After 10 hours it went into a LOSS of 25 pips.
After 13 hours it went into a reasonable profit.

13 hours after your trade was the time that the US election results became clear.

I'm glad that it turned into profit, but that was a dangerous trade with heavy DrawDown and a gambling nature.

If you check the today's H1 chart @ 04:00 and want to benefit from the election results - that was the right time to enter.

G.
  • #1,002
  • Nov 7, 2012 3:02am Nov 7, 2012 3:02am
Quoting gg53
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.
If you followed this recommendation - after less than two hours the Gold broke the channel and went from $1694 to $1724 in no time and no DrawDown.

That's a predicted market move during times of uncertainty (US election in this case).

G.
  • #1,003
  • Nov 7, 2012 4:13am Nov 7, 2012 4:13am
Quoting gg53
If you followed this recommendation - after less than two hours the Gold broke the channel and went from $1694 to $1724 in no time and no DrawDown.

That's a predicted market move during times of uncertainty (US election in this case).

G.
Hi G,

Gold is ranging in M15 & H1. If it breakout when US open, would you take it after big move this in Asian session ?

In some posts, you use Gadi_OBV (TF=15 Min) on other TF charts, eg Post # 527, please clarify.

Thanks, Ron
  • #1,004
  • Nov 7, 2012 4:53am Nov 7, 2012 4:53am
Quoting gg53
Sabrina,

Following your yesterday 16:00 EURUSD BUY trade on M15 chart reveals the following:
After 30 min. it went into a LOSS of about 15 pips.
After 2.5 hours it went into PROFIT of about 10 pips.
After 10 hours it went into a LOSS of 25 pips.
After 13 hours it went into a reasonable profit.

13 hours after your trade was the time that the US election results became clear.

I'm glad that it turned into profit, but that was a dangerous trade with heavy DrawDown and a gambling nature.

If you check the today's H1 chart @ 04:00 and...
Yes.. We can discuss it until the end of the world.... it was risky for me (in fact it is a demo trading) and gambling for you...

Thank you very much for taking the time to analyze it in detail
Sabrina
  • #1,005
  • Nov 7, 2012 6:30am Nov 7, 2012 6:30am
Quoting sabrys5769
Yes.. We can discuss it until the end of the world.... it was risky for me (in fact it is a demo trading) and gambling for you...

Thank you very much for taking the time to analyze it in detail
Sabrina
Hei G stop talking about this.... I am so happy with your indicators...

Kiss
Sabrina
  • #1,006
  • Nov 7, 2012 7:41am Nov 7, 2012 7:41am
Quoting lvdfx888
Hi G,

Gold is ranging in M15 & H1. If it breakout when US open, would you take it after big move this in Asian session ?

In some posts, you use Gadi_OBV (TF=15 Min) on other TF charts, eg Post # 527, please clarify.

Thanks, Ron
Ron,

I don't understand the connection between Forex sessions and Gold (XAUSD).
Gold have very little to do with Forex sessions - and can be traded at any time.

I usually use higher TF for "spotting" and use M15 for more accurate entry on breakouts.

I can't find H4 chart in post #527 - so I can't comment on this.

G.
  • #1,007
  • Nov 7, 2012 7:58am Nov 7, 2012 7:58am
Quoting sabrys5769
Hei G stop talking about this.... I am so happy with your indicators...

Kiss
Sabrina
Sabrina,

I'm happy that you are happy with the indicators...

My system is not about a bunch of indicators.
That's why I'm posting up-to-date charts with examples and even showing short term p[redictions.

"Forex s a game of DEFENCE" - and the "Klling Zone" s a major part of it - where NOT to trade.

You are trading the H4 chart at 16:00 - that means that you expect profit within 2 bars/candles - before the Asian "Killing Zone" start, not to mention the "RoBama" issue...

Well, this was for the benefit of all to understand and learn - and we leave it without calling this kind of trade by any names...

G.
  • #1,008
  • Nov 7, 2012 8:49am Nov 7, 2012 8:49am
Quoting gg53
Ron,

I don't understand the connection between Forex sessions and Gold (XAUSD).
Gold have very little to do with Forex sessions - and can be traded at any time.

I usually use higher TF for "spotting" and use M15 for more accurate entry on breakouts.

I can't find H4 chart in post #527 - so I can't comment on this.

G.
Sorry G, it should be #954 (http://www.forexfactory.com/showthread.php?p=6159676#post6159676).

The indicator is Gadi_Currencies (M15).

Ron.
  • #1,009
  • Edited 11:27am Nov 7, 2012 11:09am | Edited 11:27am
Quoting lvdfx888
Sorry G, it should be #954 (http://www.forexfactory.com/showthread.php?p=6159676#post6159676).

The indicator is Gadi_Currencies (M15).

Ron.
Ron,

You can use the MTF capabilities of Gadi_Currencies to check a lower TF.
When you get a signal on high TF, such as H4, you want to check that if it is still valid on lower TF - just an added safety.

G.
  • #1,010
  • Nov 7, 2012 12:01pm Nov 7, 2012 12:01pm
We can use the MTF capabilities of an indicator to validate if higher TF signal is still valid on a lower TF.

Attached is an example.

Point #1 occured 5 hrs. ago on a H1 chart.
We can find that same point on an M5 chart TF1/TF2*5hrs=60 grid points away.

The exact CURRENT situation is at points #0.

In this example we can see the signal to buy EURJPY on H1 - and on M5 it already "crossed".

Please note that point #1 on the M5 indicator DOES NOT correlate to the MAIN chart.
It is a "magnified" view of point #1 on the H1 indicator.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: mtf.gif Size: 35 KB
  • #1,011
  • Nov 7, 2012 12:47pm Nov 7, 2012 12:47pm
Quoting gg53
Sabrina,

I'm happy that you are happy with the indicators...

My system is not about a bunch of indicators.
That's why I'm posting up-to-date charts with examples and even showing short term p[redictions.

"Forex s a game of DEFENCE" - and the "Klling Zone" s a major part of it - where NOT to trade.

You are trading the H4 chart at 16:00 - that means that you expect profit within 2 bars/candles - before the Asian "Killing Zone" start, not to mention the "RoBama" issue...

Well, this was for the benefit of all to understand and learn...
ok... correct me if i'm wrong: if i enter a trade at 16:00 i expect a profit within two candels so the Asian session is a "Killing Zone" by definition even if i try to take a long run move that can last days or weeks. In this case i can only enter a trade at 08:00 or at 12:00 if i trade H4, is it right?

Thank you
Sabrina

P.S. i well know that you system is NOT a bunch of indicators.. if so i would not be here
  • #1,012
  • Nov 7, 2012 1:12pm Nov 7, 2012 1:12pm
Quoting sabrys5769
ok... correct me if i'm wrong: if i enter a trade at 16:00 i expect a profit within two candels so the Asian session is a "Killing Zone" by definition even if i try to take a long run move that can last days or weeks. In this case i can only enter a trade at 08:00 or at 12:00 if i trade H4, is it right?

Thank you
Sabrina

P.S. i well know that you system is NOT a bunch of indicators.. if so i would not be here
Sabrina,

If you aim at long periods (more than 24hrs.) it is Ok to take such trade.
The WARNINGS are:

1. Don't start such trade based on signals in the "Killing Zone".

2. Make sure that you are trading with the major trend. Pullbacks are short living trades.

3. Try to be in BreakEven just before the "Killing Zone". My rule (in the few first posts) is to be in profit within the first 4 bars/candles. Otherwise I'm out of the trade. If I stay more than that, before at least BE, my signals or entry point was wrong and I'm trading "hopes" and not pure logic.

Implementing the above to your 16:00 EURUSD "un-named" chart - maybe you should be looking at H1 charts and not H4 charts - if you are unable to trade earlier - unless you spot very sharp moves that are realistic to produce profit within the next 8 hrs.

To many, many green pips !!

G.
  • #1,013
  • Nov 7, 2012 2:11pm Nov 7, 2012 2:11pm
Quoting gg53
Sabrina,

If you aim at long periods (more than 24hrs.) it is Ok to take such trade.
The WARNINGS are:

1. Don't start such trade based on signals in the "Killing Zone".

2. Make sure that you are trading with the major trend. Pullbacks are short living trades.

3. Try to be in BreakEven just before the "Killing Zone". My rule (in the few first posts) is to be in profit within the first 4 bars/candles. Otherwise I'm out of the trade. If I stay more than that, before at least BE, my signals or entry point was wrong and I'm trading "hopes"...
Sabrina,

Here are some different DAILY signals on Gadi_Currencies (EURJPY):

#1 - Both EUR & JPY returning from "too high/low" zone = very long trade - Risk/Reward 70/310 pips.

#2 - EUR just touched the "too high" zone = relatively short trade - Risk/Reward 25/100 pips.

#3 - EUR & JPY didn't reach the "too high" and in PullBack mode - very short trade - Risk/Reward 20/35 pips.

#4 - EUR returning from lowest strength with the trend - JPY "out of sync" - Longer trade - Risk/Reward 80/95 pips.

None of those trades hit the SL.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 47 KB
  • #1,014
  • Nov 7, 2012 3:58pm Nov 7, 2012 3:58pm
Quoting gg53
Sabrina,

Here are some different DAILY signals on Gadi_Currencies (EURJPY):


#4 - EUR returning from lowest strength with the trend - JPY "out of sync" - Longer trade - Risk/Reward 80/95 pips.

None of those trades hit the SL.

G.
Hi GG,
Your #4 example has got me intrigued.
JPY "out of sync" would go under the radar for me!
I assume you consider it valid because it has returned from the 'low' zone and would normally have been opposite the Eu.
So, you actually ignore the "out of sync"?
EP
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 40 KB
  • #1,015
  • Nov 7, 2012 4:09pm Nov 7, 2012 4:09pm
Quoting EaglePip
Hi GG,
Your #4 example has got me intrigued.
JPY "out of sync" would go under the radar for me!
I assume you consider it valid because it has returned from the 'low' zone and would normally have been opposite the Eu.
So, you actually ignore the "out of sync"?
EP
You would all do better if you get rid of that indicator and just focus on the candlesticks(price)...just my 2 cents. Just try to comprehend of how the price is moving.
  • #1,016
  • Nov 7, 2012 4:15pm Nov 7, 2012 4:15pm
Quoting gg53
Sabrina,

If you aim at long periods (more than 24hrs.) it is Ok to take such trade.
The WARNINGS are:

1. Don't start such trade based on signals in the "Killing Zone".

2. Make sure that you are trading with the major trend. Pullbacks are short living trades.

3. Try to be in BreakEven just before the "Killing Zone". My rule (in the few first posts) is to be in profit within the first 4 bars/candles. Otherwise I'm out of the trade. If I stay more than that, before at least BE, my signals or entry point was wrong and I'm trading "hopes"...
I printed your post and put it on my pc.. it will be my trading guide from now, i will read it everytime before taking a trade... especially the "un-named" trade...

Thank you from the bottom of my heart
Sabrina
  • #1,017
  • Nov 7, 2012 4:44pm Nov 7, 2012 4:44pm
Quoting EaglePip
Hi GG,
Your #4 example has got me intrigued.
JPY "out of sync" would go under the radar for me!
I assume you consider it valid because it has returned from the 'low' zone and would normally have been opposite the Eu.
So, you actually ignore the "out of sync"?
EP
EaglePip,

"out of sync" SHOULD go under your radar...
I just gave it as an example of the "weakest" currency returning from currently lowest point.
Those trades are more risky, low yield and can last more time until profitable (if the JPY, in this case, "decide" to go up too...).
  • #1,018
  • Nov 7, 2012 4:48pm Nov 7, 2012 4:48pm
Quoting Supertrader9
You would all do better if you get rid of that indicator and just focus on the candlesticks(price)...just my 2 cents. Just try to comprehend of how the price is moving.
Supertrader9,

We already "comprehend" how the price is moving...
It follows the VOLUME.
Just my 1 cent.

G.
  • #1,019
  • Nov 7, 2012 4:54pm Nov 7, 2012 4:54pm
Quoting sabrys5769
I printed your post and put it on my pc.. it will be my trading guide from now, i will read it everytime before taking a trade... especially the "un-named" trade...

Thank you from the bottom of my heart
Sabrina
Sabrina,

I suggest a Leonardo picture instead of Forex guide.
My personal hero.

G.
  • #1,020
  • Nov 7, 2012 7:55pm Nov 7, 2012 7:55pm
Quoting gg53
We can use the MTF capabilities of an indicator to validate if higher TF signal is still valid on a lower TF.

Attached is an example.

Point #1 occured 5 hrs. ago on a H1 chart.
We can find that same point on an M5 chart TF1/TF2*5hrs=60 grid points away.

The exact CURRENT situation is at points #0.

In this example we can see the signal to buy EURJPY on H1 - and on M5 it already "crossed".

Please note that point #1 on the M5 indicator DOES NOT correlate to the MAIN chart.
It is a "magnified" view of point #1 on the H1 indicator.

G....
Thanks G.
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