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The gg53 "Killing Zone"

  • #2,201
  • Dec 11, 2013 11:51am Dec 11, 2013 11:51am
Quoting wannaberich
fellow GADI traders, i am looking into the system with the time i have available and i must admit i still have quite a few doubts. i wouldn't want to disturb GG, i believe his time is too valuable, and i also know that probably with a deeper study on all the posts all of my doubts should be cleared. still, and asking for your understanding, i will place them here. if anyone has the time to help i am very thankfull. i guess today the EU is a very good case study. we have been all of london in a range clearing stops above and below. if using the OBV...
wannaberich,

What you posted is PRICE breakout - and we are trading "Volume" breakouts...
You should trade breakouts from the Gadi_OBV channel and not price breakouts.
Actually your post is a good example to show why it's better to trade Gadi_OBV channel breakout and NOT price breakouts.

G.
  • #2,202
  • Dec 11, 2013 11:56am Dec 11, 2013 11:56am
Quoting cfdtaleong
{quote} Yes, largely because of post 1058 on page 53. I find the method easier for me to set the Obv channels.
using that method (3 same blue and 3 red bars on gadi normalized) we don't have a channel in the last couple of days? we do have 3 blue but not 3 red... can we draw the channel 3 blue to 3 blue? if so still it's a 24 hours channel i am looking at yesterday to today...
dreams do come true.
  • #2,203
  • Dec 11, 2013 12:00pm Dec 11, 2013 12:00pm
Quoting gg53
{quote} wannaberich, What you posted is PRICE breakout - and we are trading "Volume" breakouts... You should trade breakouts from the Gadi_OBV channel and not price breakouts. Actually your post is a good example to show why it's better to trade Gadi_OBV channel breakout and NOT price breakouts. G.
i was looking at obv breakouts, GG... with standard 00h-07h obv settings we did get the up breakout marked as 1st. the one marked 2nd i am not so sure (i believe so but i don't trust my memory ).

right now i have some doubts (as in previous post) regarding the marking of the channel...

thanks for your attention
dreams do come true.
  • #2,204
  • Dec 11, 2013 12:04pm Dec 11, 2013 12:04pm
this is the channel that makes more sense to me but it doesn't obey the normalized vol bar rules... besides it does seems to long (18 candles) (who am i here to judge if a channel is to long or short! LOL)
dreams do come true.
  • #2,205
  • Dec 11, 2013 12:08pm Dec 11, 2013 12:08pm
Quoting wannaberich
{quote} i was looking at obv breakouts, GG... with standard 00h-07h obv settings we did get the up breakout marked as 1st. the one marked 2nd i am not so sure (i believe so but i don't trust my memory ). right now i have some doubts (as in previous post) regarding the marking of the channel... thanks for your attention
wannaberich,

From looking at your posted chart - there is NO breakout from Gadi_OBV channel at points #1 & #2...

G.
  • #2,206
  • Dec 11, 2013 12:14pm Dec 11, 2013 12:14pm
Quoting gg53
{quote} wannaberich, From looking at your posted chart - there is NO breakout from Gadi_OBV channel at points #1 & #2... G.
(not arguing, just trying to understand here)

on the chart we can only see the value that the OBV closed at. but for what i read the entry does not need a close. so what happened was (in the 1st case) it went above, i entered long, then it came back and closed below (the indi only freezes the close). that's why i was saying that a candle like (with OHLC) would be nice...
dreams do come true.
  • #2,207
  • Dec 11, 2013 12:16pm Dec 11, 2013 12:16pm
Quoting wannaberich
this is the channel that makes more sense to me but it doesn't obey the normalized vol bar rules... besides it does seems to long (18 candles) (who am i here to judge if a channel is to long or short! LOL)
wannaberich,

Here you are confusing two different methods/systems....
Gadi_OBV channel breakout is "played" either by itself or with support from Normalized_Volume to confirm the direction of the trade. No need to be above average - just confirm the direction.

Tick_Volume and Normalizes_Volume together are for "normal" trading.
Trade on the first instance of Normalized_Volume is above average and Tick_Volume is the same color.

G.
  • #2,208
  • Dec 11, 2013 12:19pm Dec 11, 2013 12:19pm
Quoting wannaberich
{quote} (not arguing, just trying to understand here) on the chart we can only see the value that the OBV closed at. but for what i read the entry does not need a close. so what happened was (in the 1st case) it went above, i entered long, then it came back and closed below (the indi only freezes the close). that's why i was saying that a candle like (with OHLC) would be nice...
wannaberich,

What was your percent parameter in Gadi_OBV in those cases?

G.
  • #2,209
  • Dec 11, 2013 12:21pm Dec 11, 2013 12:21pm
Quoting gg53
{quote} wannaberich, Here you are confusing two different methods/systems.... Gadi_OBV channel breakout is "played" either by itself or with support from Normalized_Volume to confirm the direction of the trade. No need to be above average - just confirm the direction. Tick_Volume and Normalizes_Volume together are for "normal" trading. Trade on the first instance of Normalized_Volume is above average and Tick_Volume is the same color. G.
ok, gotcha

i was just doing what was mentioned in post 1058 that cfdtaleong brought to my attention...
dreams do come true.
  • #2,210
  • Dec 11, 2013 12:22pm Dec 11, 2013 12:22pm
Quoting gg53
{quote} wannaberich, What was your percent parameter in Gadi_OBV in those cases? G.
the default 0.5
dreams do come true.
  • #2,211
  • Dec 11, 2013 12:26pm Dec 11, 2013 12:26pm
Quoting wannaberich
{quote} the default 0.5
wannaberich,

I can't see the TF from your posted chart - but if it is very short TF - increase the percent value to avoid overshooting.
...and, at a second look at the posted chart, this is NOT a consolidation area. There is a large upward move before the channel ended.

G.
  • #2,212
  • Dec 11, 2013 12:40pm Dec 11, 2013 12:40pm
Quoting gg53
{quote} wannaberich, I can't see the TF from your posted chart - but if it is very short TF - increase the percent value to avoid overshooting. ...and, at a second look at the posted chart, this is NOT a consolidation area. There is a large upward move before the channel ended. G.
1h?

Edit: i see what you mean regarding the upward move. how can we avoid this king of misinterpretation (taking a slow up move for a channel)? we need up and down candles?

i still have a million questions but i have bothered you enough. i need a few weeks (at least) of the method to get the necessary "feel" of the thing. green pips to u, GG.
dreams do come true.
  • #2,213
  • Dec 11, 2013 12:48pm Dec 11, 2013 12:48pm
Quoting wannaberich
{quote} 1h?
wannaberich,

See my previous post #2,211.
Your posted chart doesn't qualify as a consolidation area - a large move downward at the beginning and a large move upward at the end of the channel.
Gadi_OBV is meant to trade consolidation area - and this one is definitely not one of those.

G.
  • #2,214
  • Dec 11, 2013 12:50pm Dec 11, 2013 12:50pm
Quoting gg53
{quote} wannaberich, See my previous post #2,211. Your posted chart doesn't qualify as a consolidation area - a large move downward at the beginning and a large move upward at the end of the channel. Gadi_OBV is meant to trade consolidation area - and this one is definitely not one of those. G.
dreams do come true.
  • #2,215
  • Edited 7:02pm Dec 11, 2013 5:00pm | Edited 7:02pm
Quoting wannaberich
{quote} using that method (3 same blue and 3 red bars on gadi normalized) we don't have a channel in the last couple of days? we do have 3 blue but not 3 red... can we draw the channel 3 blue to 3 blue? if so still it's a 24 hours channel i am looking at yesterday to today...
What i have at post 2159 is not? Its a 5m chart unless that method is meant only for higher TFs.I do understand there is still the "original" method of drawing based on what you shared.
I want more brain power!
  • #2,216
  • Dec 11, 2013 7:39pm Dec 11, 2013 7:39pm
Quoting gg53
{quote} wannaberich, I can't see the TF from your posted chart - but if it is very short TF - increase the percent value to avoid overshooting. ...and, at a second look at the posted chart, this is NOT a consolidation area. There is a large upward move before the channel ended. G.
Hi there, is there like a recommended value for each TF? I'm assuming 0.5 is default for 1H so will the following make sense?

0.5 - 1H
2.0 - 15M
6.0 - 5M

Apologies for all these question
I want more brain power!
  • #2,217
  • Edited 10:31pm Dec 12, 2013 9:39pm | Edited 10:31pm
Quoting gg53
{quote} wannaberich, See my previous post #2,211. Your posted chart doesn't qualify as a consolidation area - a large move downward at the beginning and a large move upward at the end of the channel. Gadi_OBV is meant to trade consolidation area - and this one is definitely not one of those. G.
This is a good system thanks gg again .
sorry to bring this up again , if its not appropriate I will delete.
But I dont have gg skills to spot the start of a kill zone easily,
this indi seems very good at spotting themand helps to check charts very quickly,
but im trying to work out and understand the settings.

MN killzone V 1.3.3
standard settings are

mminfistbars 6
mbars forclose 5
mfact 2.0
mminbarsize 3.0
mbobuffer 20.0

there seems lots of good signals on the standard settings , but when I set. [mbars forclose to 3 ] as i thought should it be I get less signals ( although the kill zones are there) which i dont understand
If there is anyone that has used this indi. and can help me understand how to set properly I would be most grateful.
Regards Peter
  • #2,218
  • Dec 13, 2013 8:20am Dec 13, 2013 8:20am
Quoting cfdtaleong
{quote} What i have at post 2159 is not? Its a 5m chart unless that method is meant only for higher TFs.I do understand there is still the "original" method of drawing based on what you shared.
cfdtaleong,

In Post #2159 there is no chart that I refer to.
What I meant is that Gadi_OBV automaticaly mark the Asian session HOURS - it's up to you to decide if it is really qualify as a consolidation area.
In post #2192 it is not - and you should ignore that "breakout".

G.
  • #2,219
  • Dec 13, 2013 8:25am Dec 13, 2013 8:25am
Quoting cfdtaleong
{quote} Hi there, is there like a recommended value for each TF? I'm assuming 0.5 is default for 1H so will the following make sense? 0.5 - 1H 2.0 - 15M 6.0 - 5M Apologies for all these question
cfdtaleong,

Questions are good and always welcome.
Since that parameter is defined as "percent" of value - it is advisable to increase it in lower "volume" situation and it is not related to TF's.

G.
  • #2,220
  • Dec 13, 2013 8:30am Dec 13, 2013 8:30am
Quoting gg53
{quote} cfdtaleong, In Post #2159 there is no chart that I refer to. What I meant is that Gadi_OBV automaticaly mark the Asian session HOURS - it's up to you to decide if it is really qualify as a consolidation area. In post #2192 it is not - and you should ignore that "breakout". G.
Thank you for reply. Maybe I read and understand wrong will re-read.

Why I thought it was a zone because the volume bars are white but color tipped so my understanding was to treat them as a colored bar base on tip color. From that assumption, using the "volume bar method" i got 3 green then a series of alternating bars followed by 3 red so I defined a zone. More reading for me I guess.

Many thanks
I want more brain power!
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