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The gg53 "Killing Zone"

  • #1,101
  • Nov 13, 2012 9:17am Nov 13, 2012 9:17am
Quoting gg53
kapybara,

Already explained in the post you downloaded that indicator.
I still haven't decided if I like it or paint the current bar completly with alternating colors.

G.
Ah ok gg,
sorry I had to missed it somehow.

Kapy
  • #1,102
  • Nov 13, 2012 10:02am Nov 13, 2012 10:02am
Quoting gg53
panamamike,

How can you miss those two?
They are the ones that should guide your trading for the next few hours...

You can trade anything you like with the (almost) certain knowledge that the EUR will go down and the JPY will go up.

G.
By the time I saw it, felt it was a late entry and let it go in stead of chasing.
  • #1,103
  • Nov 13, 2012 10:12am Nov 13, 2012 10:12am
Quoting panamamike
By the time I saw it, felt it was a late entry and let it go in stead of chasing.
panamamike,

Good decision.
Two remarks:

1. Make Gadi_Currencies (AllCurrencies) your first chart before any trade.

2. Even if you are late and you choose another trade - always remember the direction of the two currencies that you "missed" - and don't trade against their direction !!.

G.
  • #1,104
  • Nov 13, 2012 10:21am Nov 13, 2012 10:21am
Quoting gg53
tixy,

I fail to see what you mean. Pls send a screenshot.

G.
G,

I hope this explains it. Because I've re sized my chart the numbers for the Tick Volume are cut off. They would be at the far right of the chart
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 55 KB
  • #1,105
  • Nov 13, 2012 10:31am Nov 13, 2012 10:31am
Quoting tixy
G,

I hope this explains it. Because I've re sized my chart the numbers for the Tick Volume are cut off. They would be at the far right of the chart


... and here you can see what a full size chart looks like- the figures are at the bottom of the screen
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 45 KB
  • #1,106
  • Nov 13, 2012 11:07am Nov 13, 2012 11:07am
Quoting tixy
... and here you can see what a full size chart looks like- the figures are at the bottom of the screen
tixy,

Ok, this + full history for most of the other indies + some other minor stuff will be done by the begining of next week.

G.
  • #1,107
  • Nov 13, 2012 11:07am Nov 13, 2012 11:07am
G,
With Gadi Currencies do you just trade the pairs that touch the two extreme points on the Indie?
  • #1,108
  • Nov 13, 2012 11:35am Nov 13, 2012 11:35am
Quoting tixy
G,
With Gadi Currencies do you just trade the pairs that touch the two extreme points on the Indie?


G,
I'm hoping this is the answer to my question



Quote G-
I STRONGLY suggest to trade currencies that are returning from "too high" or "too low" (from above or below the dynamic levels) - and not to be a "trigger happy" trader - that MUST trade whatever he sees...
  • #1,109
  • Nov 13, 2012 1:33pm Nov 13, 2012 1:33pm
Quoting tixy
G,
I'm hoping this is the answer to my question



Quote G-
I STRONGLY suggest to trade currencies that are returning from "too high" or "too low" (from above or below the dynamic levels) - and not to be a "trigger happy" trader - that MUST trade whatever he sees...
tixy,

If you spot 2 currencies that simultaneously returning from those ares - trade them and their correlated currency.
i.e if the returning currencies are the EUR from one side and the USD from the other side - and the USD & JPY are recently correlated - I trade the EURUSD & EURJPY - even if the JPY is not "returning".

If just one currency is "returning" look for trades with its direction.

If you find other "good" trades that are not related to Gadi_Currencies - just make shure you are not trading them against the returning currency direction.


G.
  • #1,110
  • Nov 13, 2012 3:19pm Nov 13, 2012 3:19pm
Quoting gg53
tixy,

If you spot 2 currencies that simultaneously returning from those ares - trade them and their correlated currency.
i.e if the returning currencies are the EUR from one side and the USD from the other side - and the USD & JPY are recently correlated - I trade the EURUSD & EURJPY - even if the JPY is not "returning".

If just one currency is "returning" look for trades with its direction.

If you find other "good" trades that are not related to Gadi_Currencies - just make shure you are not trading them against the returning currency...
Thanx G.
I've re-read the correlation post and its all clear now. I'm going to read the whole thread again in case I've missed something.
  • #1,111
  • Nov 14, 2012 1:41am Nov 14, 2012 1:41am
hello G,

yeah many thanks for your superb indicators..they r simply brilliant! i like the currency cross one best since its easy to spot a cross...takes little effort.lol!

i wonder if we could simply make an ea that trades the currency cross on say the h4 and the d1? since when the cross takes place, price travels about 50-150 pips in the correct direction so we could set a stop of about 50-100pips n tp of 100-200 pips,maybe with jumping stop at 50 pips.

any coders wish to attempt this? many thanks yet again.
  • #1,112
  • Edited 3:26am Nov 14, 2012 3:01am | Edited 3:26am
Quoting fxprotrader
hello G,

yeah many thanks for your superb indicators..they r simply brilliant! i like the currency cross one best since its easy to spot a cross...takes little effort.lol!

i wonder if we could simply make an ea that trades the currency cross on say the h4 and the d1? since when the cross takes place, price travels about 50-150 pips in the correct direction so we could set a stop of about 50-100pips n tp of 100-200 pips,maybe with jumping stop at 50 pips.

any coders wish to attempt this? many thanks yet again.
A currencies cross is NOT the correct way to trade !!
Read carefully and don't misslead others.

G.
  • #1,113
  • Nov 14, 2012 3:45am Nov 14, 2012 3:45am
Quoting gg53
A currencies cross is NOT the correct way to trade !!
Read carefully and don't misslead others.

G.
yeah G,

sorry bout that...i understand trading the cross can be dangerous, since at times they simply re-cross n we get burnt alive.
i guess the best way to trade it would be like what u outlined..looking at the currencies that r way outta line n loooking to return to the zero line.

i looked at the indie on d1 and saw the jpy at the extreme high level as it starts to turn down on the 9th of nov..lots of pips on the table if we long all the yen pairs like eur/jpy, gbp/jpy etc. superb way to trade. now if we could get an ea that monitors the currency at extreme levels on the d1 n when it reverses..trigger some trades..wow.
  • #1,114
  • Nov 14, 2012 4:23am Nov 14, 2012 4:23am
Quoting fxprotrader
yeah G,

sorry bout that...i understand trading the cross can be dangerous, since at times they simply re-cross n we get burnt alive.
i guess the best way to trade it would be like what u outlined..looking at the currencies that r way outta line n loooking to return to the zero line.

i looked at the indie on d1 and saw the jpy at the extreme high level as it starts to turn down on the 9th of nov..lots of pips on the table if we long all the yen pairs like eur/jpy, gbp/jpy etc. superb way to trade. now if we could get an ea that monitors the...
that's more like it...
With confirmation from other indies - that's roughly my system.
Add to that my correlation doubling and the triple technique - and you got at least 10% a month cash-cow.

G.
  • #1,115
  • Edited 7:32am Nov 14, 2012 6:52am | Edited 7:32am
... such as the short on EURJPY now... after a HUGE Asian brekout of more than +80 pips...

G.

Edit:
I didn't mean to ENTER short now. Just look at the H4 situation on EURJPY and wait for the direction change to go short/sell.
  • #1,116
  • Nov 14, 2012 10:07am Nov 14, 2012 10:07am
Thank you very much, Gadi, for all you’ve offered here. It has been breath-taking reading through it. Could I please ask you about a few things that remain rather hazy:





Quoting gg53

........ A situation of Low Volume with low TickVolume is a lethal combination - Don't trade.......

G.
1. What is low TickVolume? It cannot mean below zero anymore now that the indicator shows both magnitude AND DIRECTION? So does it just mean a wrong color bar for my intended trade or does it have to do with the displayed buyers/sellers numbers? If the latter is the case, what number levels are we looking at?


2. What do you do when it’s all clear and looking promising in M15 and H4 but H1 OBV says “Don’t trade, Killing Zone”?


3. You don’t trade on Fridays and advise against it! Could you please say a bit more about the reasons why?


Thank you.
  • #1,117
  • Nov 14, 2012 10:41am Nov 14, 2012 10:41am
Quoting Pips4Fun
Thank you very much, Gadi, for all you’ve offered here. It has been breath-taking reading through it. Could I please ask you about a few things that remain rather hazy:







1. What is low TickVolume? It cannot mean below zero anymore now that the indicator shows both magnitude AND DIRECTION? So does it just mean a wrong color bar for my intended trade or does it have to do with the displayed buyers/sellers numbers? If the latter is the case, what number levels are we looking at?


2. What do you do when it’s all clear and looking promising...
Pips4Fun,

1. Low Gadi_TickVolume is very close to the 0 line for the past few bars/candles. I'm working on a new version that will try to show those levels.

2. Decide on your trading TF. That's the TF where you confirm the signals from all the other indicators. If there is no "Killing Zone" there - it's Ok to trade.

3. Friday is dangerous and hectic. Most financial institutions are closed, and most of the forex arena is left for the speculators. It's Ok to trade if you are near the screen, trading lower TF and quickly getting out of trades with small profit each.

G.

Edit:
Attached low Gadi_TickVolume.
Attached Image (click to enlarge)
Click to Enlarge Name: lowtick.gif Size: 27 KB
  • #1,118
  • Nov 14, 2012 11:14am Nov 14, 2012 11:14am
Quoting gg53
Pips4Fun,

1. Low Gadi_TickVolume is very close to the 0 line for the past few bars/candles. I'm working on a new version that will try to show those levels......

Edit:
Attached low Gadi_TickVolume.

Thank you.
  • #1,119
  • Nov 14, 2012 2:37pm Nov 14, 2012 2:37pm
thanks alot gg......ur doing awesome job....God bless you!

Quoting gg53
Gadi_NormalizedVolume v2.2

The volume is now with the direction of the price movement.
Blue - Volume is pushing the price Up.
Red - Volume is pushing the price Down.
White - Volume is not moving the price in any significant direction ("Doji").

The historical bars are entirely Red/Blue/White.
The current bar is painted gradually according to the current movement direction - so you might end up with a White bar with a Blue or Red top.
That bar is considered to be according to its top color.

Don't ignore a white bar - it...
  • #1,120
  • Nov 14, 2012 2:42pm Nov 14, 2012 2:42pm
gg what is the white dotted line crossing the bars indicate ? whts the white dotted line used for?

Also i want to trade on H4 since do not have time to trade on smaller TF, can u pls tell me how to use this method for 4hr tf ? and what should be the SL and TP.......

thanks.

Quoting gg53
Gadi_NormalizedVolume v2.2

The volume is now with the direction of the price movement.
Blue - Volume is pushing the price Up.
Red - Volume is pushing the price Down.
White - Volume is not moving the price in any significant direction ("Doji").

The historical bars are entirely Red/Blue/White.
The current bar is painted gradually according to the current movement direction - so you might end up with a White bar with a Blue or Red top.
That bar is considered to be according to its top color.

Don't ignore a white bar - it...
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