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The gg53 "Killing Zone"

  • #1,121
  • Nov 14, 2012 3:05pm Nov 14, 2012 3:05pm
Quoting alij79
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.
alij79,

What dotted line? On which indicator?
If it's on Gadi_NormalizedVolume - it's a moving average of the volume. You also got text on the right side that says if it's above/below the average.

I think I've already did it - but I'll post again, in a few minutes, a MTF technique on Gadi_Currencies with example of H4 TF.

G.
  • #1,122
  • Nov 14, 2012 3:44pm Nov 14, 2012 3:44pm
Quoting gg53
alij79,

What dotted line? On which indicator?
If it's on Gadi_NormalizedVolume - it's a moving average of the volume. You also got text on the right side that says if it's above/below the average.

I think I've already did it - but I'll post again, in a few minutes, a MTF technique on Gadi_Currencies with example of H4 TF.

G.
alij79,,

Here is an example of MTF trading with Gadi_Currencies on H4.
Please remember that on higher TF's the CLOSE of the bar/candle is much later - so you must "catch" the signal as soon as possible.

Your signal on Gadi_Currencies is a currency that is either going up or down away from the rest. The higher the TF the sooner you have to catch it.

In the attached example we spotted the GBP moving higher than the rest. We don't wait for it to go further or reverse (vertical line on Chart 1).
That's the moment we need to switch to a lower TF - H1 in this case (vertical line on chart 2).
On the H1 chart the GBP is still high with no sign of retracement at that time, but we spot the JPY very low and retracing.
So we pick an opposite currency that is the fastest moving in the opposite direction - i.e. the EUR in this case - and we trade one against the other, i.e SELL EURJPY.

The result is on chart 3. More than +60 pips and a DrawDown of 4 pips max.

Remember that on higher TF's it's important to catch those moves as early as possible.
If you switch from higher TF to lower TF and realize that the move already happend a few bars ago - just leave it and try to "catch" another one.

G.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h4_1.gif Size: 41 KB
Click to Enlarge Name: h4_2.gif Size: 37 KB
Click to Enlarge Name: h4_3.gif Size: 37 KB
  • #1,123
  • Edited 4:36pm Nov 14, 2012 4:23pm | Edited 4:36pm
Quoting gg53
alij79,,

Here is an example of MTF trading with Gadi_Currencies on H4.
Please remember that on higher TF's the CLOSE of the bar/candle is much later - so you must "catch" the signal as soon as possible.

Your signal on Gadi_Currencies is a currency that is either going up or down away from the rest. The higher the TF the sooner you have to catch it.

In the attached example we spotted the GBP moving higher than the rest. We don't wait for it to go further or reverse (vertical line on Chart 1).
That's the moment we need to switch to a lower...
alij79,

Use this method of 2 TF's, higher and lower, in any trading using the Gadi_Currencies.
The reason is to get confirmation from the higher TF - because the lower TF's are more erratic.
I use 2 Gadi_Currencies in full size (main chart minimized) on one chart, one with highr TF and the other with lower TF setup.
That's my main chart for picking trades. When I spot a potential trade I just "drag" the currency pair from the "Market Watch" to another chart where all the other indies are waiting for it.
So the whole setup is just two charts - one for "picking" and one for confirmations and trading.

G.
  • #1,124
  • Nov 14, 2012 4:39pm Nov 14, 2012 4:39pm
Watch the Ausie diving on M5.

G.
  • #1,125
  • Nov 15, 2012 12:46am Nov 15, 2012 12:46am
Goog Morning G,

I'm in euraud from yesterday, it is a free trade with sl to be.. do you think it can run?
Now i see that the lines on Gadi_Currencies are retracing from too High/low zone... how this indy can help me with the exit?

Thank you
Sabrina
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 18 KB
  • #1,126
  • Nov 15, 2012 2:20am Nov 15, 2012 2:20am
Quoting sabrys5769
Goog Morning G,

I'm in euraud from yesterday, it is a free trade with sl to be.. do you think it can run?
Now i see that the lines on Gadi_Currencies are retracing from too High/low zone... how this indy can help me with the exit?

Thank you
Sabrina
Sabrina,

The levels on Gadi_Currencies are not for exit.
Just watch the end-points of the EUR & AUD for direction change on lower TF.

G.
  • #1,127
  • Nov 15, 2012 3:06am Nov 15, 2012 3:06am
Could a kind coder please code a killing zone indie based on the 4 white bars created by the Gadi Vol 2.2?
  • #1,128
  • Nov 15, 2012 3:35am Nov 15, 2012 3:35am
Quoting gg53
Sabrina,

The levels on Gadi_Currencies are not for exit.
Just watch the end-points of the EUR & AUD for direction change on lower TF.

G.
Sorry G which are the end-points of a pairs for direction change on lower TF?
Can you give me an example?

Thanks
Sabrina
  • #1,129
  • Nov 15, 2012 10:40am Nov 15, 2012 10:40am
Unbelieveable...
Europe is almost bunkropt, riots in many countries - and the EUR is going up and up...
But what do I care...

G.
  • #1,130
  • Nov 15, 2012 1:30pm Nov 15, 2012 1:30pm
I think that's the end of the EURJPY rally.
More than +290 pips in an almost straight, long move...

G.
  • #1,131
  • Nov 15, 2012 2:11pm Nov 15, 2012 2:11pm
Quoting gg53
I think that's the end of the EURJPY rally.
More than +290 pips in an almost straight, long move...

G.
Hi gg,

Last 2 days were huge on JPY pairs. I'm wondering how many pips you were able to bank w/ your MM (BE +2xspread +1 @10 pips and then trail 8~5 pips). I see ASIAN breakouts, which were lead to some amount of pips. You are pointed out 290 pips as potential, aren't you?

I understand that Forex is a game of DEFENCE. But in this way we can be kicked off the trade very quickly and the trade then continues w/o us.

Kapy
  • #1,132
  • Nov 15, 2012 3:10pm Nov 15, 2012 3:10pm
Quoting kapybara
Hi gg,

Last 2 days were huge on JPY pairs. I'm wondering how many pips you were able to bank w/ your MM (BE +2xspread +1 @10 pips and then trail 8~5 pips). I see ASIAN breakouts, which were lead to some amount of pips. You are pointed out 290 pips as potential, aren't you?

I understand that Forex is a game of DEFENCE. But in this way we can be kicked off the trade very quickly and the trade then continues w/o us.

Kapy
kapybara,

Not so,
A 290 pips move can yield 400 pips, if traded correctly.

G.
  • #1,133
  • Nov 15, 2012 3:48pm Nov 15, 2012 3:48pm
Quoting gg53
kapybara,

Not so,
A 290 pips move can yield 400 pips, if traded correctly.

G.
GG, please can you elaborate this? Maybe on this last JPY run? What would be your MM approach on this?
Many thanks for all of you doing for us here.

Kapy
  • #1,134
  • Nov 15, 2012 6:19pm Nov 15, 2012 6:19pm
Quoting sabrys5769
Sorry G which are the end-points of a pairs for direction change on lower TF?
Can you give me an example?

Thanks
Sabrina
Sabrina,

I waited with my answer to catch such situation...
Here is the last minutes on the EURJPY:

Assuming our trading chart is H4 (chart #1).
We check the situation on H1 (chart #2) - not very informative...
We further reduce the TF till we see this on M5 - direction change.
In this case you can decide to EXIT the trade or at least reduce your TrailingStop if you believe it's temporary retracement.

Hope this clear things.

G.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h4.gif Size: 25 KB
Click to Enlarge Name: h1.gif Size: 25 KB
Click to Enlarge Name: m5.gif Size: 26 KB
  • #1,135
  • Nov 15, 2012 10:25pm Nov 15, 2012 10:25pm
Quoting kapybara
GG, please can you elaborate this? Maybe on this last JPY run? What would be your MM approach on this?
Many thanks for all of you doing for us here.

Kapy
kapybara,

I didn't say that I made 290 pips or 400 pips on this move. I only made about 230 pips on this.
I mentioned that big move because of my amazement of the EUR strength while Europe is facing a financial chaos.

If you look at the PSAR or previous high/low you will see that SL was never reached.
If you look at the Gadi_TickVolume and Gadi_NormalizedVolume on H1 you can roughly mimick my moves:
Entry on first color match.
Reverse if another opposite color match and volume is above average.
Exit if only one color is opposite.
Re-enter on first color match and in trend.

On retrace/pullback against the trend - reduce Trailing stop to near minimum.

I also have another indicator, Gadi_Trend, that is less sensitive than the others - for longer TF's and riding a long moves. I'll release it later on.

G.
  • #1,136
  • Nov 15, 2012 10:58pm Nov 15, 2012 10:58pm
Guys follow me on twitter. Sorry to bust in like this

https://twitter.com/ForexAarish
I am the one and only profitable forex trader, but not the only one
  • #1,137
  • Nov 16, 2012 12:43am Nov 16, 2012 12:43am
Quoting gg53
Sabrina,

I waited with my answer to catch such situation...
Here is the last minutes on the EURJPY:

Assuming our trading chart is H4 (chart #1).
We check the situation on H1 (chart #2) - not very informative...
We further reduce the TF till we see this on M5 - direction change.
In this case you can decide to EXIT the trade or at least reduce your TrailingStop if you believe it's temporary retracement.

Hope this clear things.

G.
yes it is clear now.

Really thank you G
Sabrina
  • #1,138
  • Nov 16, 2012 3:08am Nov 16, 2012 3:08am
HI G,

can you please update the Gadi normalized currency V2.2 because it doesn't automatically refresh. the colors of the bar will only fully update when i change timeframe.

can you also add an alert on the Gadi OBV when it crosses the line?

Thanks
Attached Image
  • #1,139
  • Nov 16, 2012 5:11am Nov 16, 2012 5:11am
Quoting chikanesoup
HI G,

can you please update the Gadi normalized currency V2.2 because it doesn't automatically refresh. the colors of the bar will only fully update when i change timeframe.

can you also add an alert on the Gadi OBV when it crosses the line?

Thanks
chikanesoup,

Please read the post from which you downloaded this indicator.

G.
  • #1,140
  • Nov 16, 2012 5:18am Nov 16, 2012 5:18am
New toy (Gadi_Trend) for those who like "long term" trades.
It's also based on Volume - but it's less sensitive to retracements.

Recommended use is with combination with Gadi_TickVolume (Mini-Signal = first color match for entry).

Enjoy.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 33 KB
Attached File(s)
File Type: ex4 Gadi_Trend_v1.2.ex4   4 KB | 999 downloads
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