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The gg53 "Killing Zone"

  • #1,581
  • Apr 16, 2013 2:31pm Apr 16, 2013 2:31pm
Quoting shiva
I am worried this may appear stupid, but what the hey, its the whiskey talking, not I GG, are you pointing us at trading a basket instead of a single currency pair when you say "Don't "stick" to just one currency pair and TF"?
shiva,

No basket.
Just consider trading currencies that are moving in opposite direction based on Gadi_Currencies.
... and you can trade more than one.
I'll try to find some fresh examples tomorrow.

G.
  • #1,582
  • Apr 16, 2013 3:05pm Apr 16, 2013 3:05pm
Quoting lucklogic
I'd certainly appreciate seeing a few examples of the Gadi_OBV breakout's (lattest releases) in action either alone or combined with the Volume and Ticks.
lucklogic,

You can see a LOT of examples at the beginning of this forum/thread.

G.
  • #1,583
  • Apr 16, 2013 3:42pm Apr 16, 2013 3:42pm
Hi GG, can you think of any reason why after loading the GADI- CURRENCIES V2.8, I do not get any data showing on the chart? Love your stuff by-the-way. I'm using MB Trading MT4
What would you do if you knew you could not fail?
  • #1,584
  • Apr 16, 2013 3:45pm Apr 16, 2013 3:45pm
Quoting The Sparrow
Hi GG, can you think of any reason why after loading the GADI- CURRENCIES V2.8, I do not get any data showing on the chart? Love your stuff by-the-way. I'm using MB Trading MT4
Are you dragging the indie to the charts window?
  • #1,585
  • Apr 16, 2013 3:52pm Apr 16, 2013 3:52pm
Yes from the view of the navigator screen
What would you do if you knew you could not fail?
  • #1,586
  • Apr 16, 2013 3:55pm Apr 16, 2013 3:55pm
Quoting The Sparrow
Hi GG, can you think of any reason why after loading the GADI- CURRENCIES V2.8, I do not get any data showing on the chart? Love your stuff by-the-way. I'm using MB Trading MT4
If you are using the free EXN they have changed the symbols. Just add a period ( . ) in the Suffix option at Gadi_Currencies.
  • #1,587
  • Apr 16, 2013 3:56pm Apr 16, 2013 3:56pm
Quoting The Sparrow
Yes from the view of the navigator screen
What does the Experts journal say? Any errors there?
  • #1,588
  • Apr 16, 2013 4:02pm Apr 16, 2013 4:02pm
Quoting FusionF
If you are using the free EXN they have changed the symbols. Just add a period ( . ) in the Suffix option at Gadi_Currencies.
Bingo. Thanks Fusion, that period in the suffix did the trick.
What would you do if you knew you could not fail?
  • #1,589
  • Apr 16, 2013 4:17pm Apr 16, 2013 4:17pm
Quoting imaxi
Here is my first draft of the Gadi OBV EA. Please use this EA at your own risk. I'm not responsible! Please adjust the TP,SL and TS as I'm on a 5 decimal broker. There might be one bug so, lets see who picks it up P.S. Forgot to mention it uses Gadi_OBV_v2.2 {file}
imaxi,

Is it just for the Asian session?

G.
  • #1,590
  • Apr 16, 2013 4:30pm Apr 16, 2013 4:30pm
Quoting gg53
imaxi, Is it just for the Asian session? G.
Its the "Killing Zone" channel.. For me its two hours just before the London session.

See attachment.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB
  • #1,591
  • Apr 16, 2013 4:35pm Apr 16, 2013 4:35pm
So I would have made +- 15pips on the upside and +- 17pips on the downside.
  • #1,592
  • Apr 16, 2013 4:36pm Apr 16, 2013 4:36pm
Quoting imaxi
Its the "Killing Zone" channel.. For me its two hours just before the London session. See attachment. {image}
imaxi,

Not classic "Killing Zone" - just the Asian session - but Ok, let's see users reaction.

G.
  • #1,593
  • Apr 16, 2013 4:41pm Apr 16, 2013 4:41pm
The EA only trades twice a day if it breaks both sides... I'm still trying to figure out how to reset the signals if they have been triggered. Did try but Gadi volume would dip into and out of the channel. Making it unpredictable or triggering another order. Sometimes more than just one order. But will get it right.. just need time and pressure.
  • #1,594
  • Apr 16, 2013 6:25pm Apr 16, 2013 6:25pm
I am a small trader and I'm learning a lot about this thread.
Thank you all for your professionalism and your good heart to explain everything.
Please continue this thread.
I feel close to you, a cordial greeting from Tuscany
  • #1,595
  • Apr 16, 2013 10:25pm Apr 16, 2013 10:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: gadi currencies.png Size: 104 KB


Here's a view of Gadi Currencies. I have found that when a currency makes a higher high or lower low that's the time to start looking. In this example JPY had passed below the last low. A bit later the EUR passed the last high (follow the white lines). See the candle directly above the EUR crossing the wihte line, one big up bar. A few bars later JPY turned up and EUR turned down. Time to exit. 63 pips if you entered at the close of the entry bar and exited at the close of the exit bar. If you were sitting there watching it you might have entered earlier.

The Gadi Currencies is an effective tool. Some folks want the computer and indicators to trade for them. Baluda does have a currency strength indicator that works well also but it's a bit different than Gadi.

I hope gg returns as I think has given the thread a lot of effective tools to work with.
  • #1,596
  • Edited 11:57am Apr 17, 2013 11:34am | Edited 11:57am
jusiur,

How to use the Gadi_Currencies:

The "dangerous" method:
see attached chart - look for an area of mild activity (i.e. prolonged currencies action is less than 50% of top/bottom activity, draw lines at max/min).
Refering to your remark - That's can be done and programmed in an EA.

You can see the breaout of the JPY and the falling of GBP.
You can also see the results in the next chart.

This is considered "dangerous" move because the currency might return back immediatly after entering a position.
Knowing the JPY latest behavior (as already explained in this forum/thread) - I took that risk.

Results are in next chart.

The "conservative" method in next post.

G.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 66 KB
Click to Enlarge Name: gbpjpym15_sell.png Size: 65 KB
  • #1,597
  • Apr 17, 2013 11:40am Apr 17, 2013 11:40am
The "conservative" entry:

Since we know and established the fact that a currency eventually "returns" to the spaghetti group,
here are two more trades - the "conservative" way - returning from top boundries.

You can clearly see that both EUR and CHF is moving in opposite to the "returning" JPY - so you can take both positions.

G.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpym15.png Size: 65 KB
Click to Enlarge Name: chfjpym15.png Size: 64 KB
  • #1,598
  • Apr 17, 2013 11:49am Apr 17, 2013 11:49am
imaxi,

Gadi_OBV breakout is meant to be used as a consolidation area identification and trading it's breakout.
The "Asian" session is a private and specific case of "consolidation" - and not always obey the rules of consolidation.
In some cases (not many, though) the Asian session can be quite volatile.

Please read the "How to rob a Swiss bank" (if not read already) - to grasp the concept of consolidation and its breakout.
I'll post some relevant examples later on.

I need you here for programming - so don't follow my lead and leave suddenly...
I'm writing specific EA instructions - for all to view/review/comment.

Thanks for your efforts !!

G.
  • #1,599
  • Apr 17, 2013 12:26pm Apr 17, 2013 12:26pm
Thanks for the detailed and clear explanations of the two methods using Gadi_currencies, I have now a clear picture.
Humble & Kalcker CLO2 = Covid killer
  • #1,600
  • Apr 17, 2013 1:18pm Apr 17, 2013 1:18pm
Gadi_Obv and the "Asian Session" consolidation:

Here are two examples of ther Asian session.
EUR/USD:
One is tradeable (showing consolidation, low price movement, "sleepy" situation).
This is a valid situation for trading the breakout from it.

GBP/JPY:
Although in Asian session" - it's volatile, high price movements - violating the "consolidation" terminology.
Don't trade this Asian breakout - it's NOT a consolidation breakout.

I hope this clears the consolidation breakout trading.
Consolidation usually happens after a large movement, Central Banks intervention, and times of low volume and activity.
The "Asian session" falls into the category of "low volume and activity" - but not always (as you can see in the GBPJPY example) and not for all currency pairs - so don't trade it blindly.

G.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: asian_session_eurusdm15.png Size: 55 KB
Click to Enlarge Name: asian_session_gbpjpym15.png Size: 57 KB
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