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K. R. A. P. P


kraven

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Hello all, I’ve had several request asking how I generate my ‘Kravens Repetitive Areas of Potential Profit’ or K.R.A.P.P for short :))and as I’m a fan of the indo share culture I though I’d create this thread to demonstrate….

 

These lines are pretty accurate, I believe accurate enough to purely trade from. They will work on every pair and require updating once per day. However they not the ‘holy G’ and not magical (as some think lol). They are also very easy to create, in-fact they’ll be too easy for many on here who will insist on adding thing.

 

How to create ‘K.R.A.P.P.' wwwowhhhhhhhhaaahh!!

 

Ok, choose your pair……go to a daily time frame……….draw lines at each day on the high and low (and importantly) the open and close….. most people only take note of peaks (highs) and troughs (lows) but open and closes (O/C) are VERY IMPORTANT. Most just take note of the day before, however O/C of daily’s several weeks ago can still have an impact.

 

Once you have drawn your lines it’s time to sort them out. If a level has only been touched once I call this minor, if it has been influential on a few occasion I call it major. I advise you to colour these lines different colours (see pic)

 

 

http://i988.photobucket.com/albums/af5/kraven69/linesofimportancedaily.gif

 

after you've sorted your lines use them on lower timeframes (5 and 15min are good)

 

http://i988.photobucket.com/albums/af5/kraven69/daily.gif

 

Here is an example of how to trade K.R.A.P.P...i call it the 'bounce'. just enter the trade the 'oppersite' direction to where the price approached i.e. if the price is coming down, buy when it hits....SL 10 TP 15 (or more)......here an example i made a few days back

 

 

http://i988.photobucket.com/albums/af5/kraven69/linesofimportance9.gif

 

that's it..........try to refrain from adding 1hr and 4hr lines as you'll have a mass of lines that are untradable...........hope you enjoy

 

*appologies if this is in the wrong forum.

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Hi Kraven

 

I have drawn the horizontal line on EURUSD on the open high low and close of the previous 3 days.

 

As the Trend is bearish The pair has come down so do I need to zoom in on the daily chart and put the lines back candles where present price is ?

 

I think it would be better IF u can post the screen shot of Daily chart on EURUSD for todays levels and.

 

Thanks in Advance.

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Hello all, I’ve had several request asking how I generate my ‘Kravens Repetitive Areas of Potential Profit’ or K.R.A.P.P for short :))and as I’m a fan of the indo share culture I though I’d create this thread to demonstrate….

 

These lines are pretty accurate, I believe accurate enough to purely trade from. They will work on every pair and require updating once per day. However they not the ‘holy G’ and not magical (as some think lol). They are also very easy to create, in-fact they’ll be too easy for many on here who will insist on adding thing.

 

How to create ‘K.R.A.P.P.' wwwowhhhhhhhhaaahh!!

 

Ok, choose your pair……go to a daily time frame……….draw lines at each day on the high and low (and importantly) the open and close….. most people only take note of peaks (highs) and troughs (lows) but open and closes (O/C) are VERY IMPORTANT. Most just take note of the day before, however O/C of daily’s several weeks ago can still have an impact.

 

Once you have drawn your lines it’s time to sort them out. If a level has only been touched once I call this minor, if it has been influential on a few occasion I call it major. I advise you to colour these lines different colours (see pic)

 

 

http://i988.photobucket.com/albums/af5/kraven69/linesofimportancedaily.gif

 

after you've sorted your lines use them on lower timeframes (5 and 15min are good)

 

http://i988.photobucket.com/albums/af5/kraven69/daily.gif

 

Here is an example of how to trade K.R.A.P.P...i call it the 'bounce'. just enter the trade the 'oppersite' direction to where the price approached i.e. if the price is coming down, buy when it hits....SL 10 TP 15 (or more)......here an example i made a few days back

 

 

http://i988.photobucket.com/albums/af5/kraven69/linesofimportance9.gif

 

that's it..........try to refrain from adding 1hr and 4hr lines as you'll have a mass of lines that are untradable...........hope you enjoy

 

*appologies if this is in the wrong forum.

 

Thanks for sharing! Kraven, what indicator is the blue and red Support/Resistance lines? What indicator is the arrows or are they drawn in for info purposes? Please post a link for any indicators. Thanks!

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the indi is Support/Resistance Barry http://www.mediafire.com/?9kn3as45o5fck5p

 

exported all daily and weekly data for EURUSD and GBPUSD here: http://www.mediafire.com/?izr166e1abtuomm

 

A very (mean very) experienced trader told me that all *important* levels are visible on weekly charts - they may be visible on other charts but for sure are in the weekly. Hence, I've exported weekly data too :)

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the indi is Support/Resistance Barry http://www.mediafire.com/?9kn3as45o5fck5p

 

exported all daily and weekly data for EURUSD and GBPUSD here: http://www.mediafire.com/?izr166e1abtuomm

 

A very (mean very) experienced trader told me that all *important* levels are visible on weekly charts - they may be visible on other charts but for sure are in the weekly. Hence, I've exported weekly data too :)

 

I've mentioned this on the other thread, because the weekly chart is made up of days, two of those days H-L will correspond with the weekly H-L...............what i then do is see which one's and make the major K.R.A.P.P.s

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For all you K.R.A.P.P. fans (snigger) here's a more conservitive way to trade them....wait until line is broken (often by 4 pips or so) then when price retraces get in (see pic below from today). Remember pic's don't tell the full story but just give an idea.....i'm sure with a 10pips SL and a TP of 15+ you'd make money. enjoy.

 

http://i988.photobucket.com/albums/af5/kraven69/krapp1.gif

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the indi is Support/Resistance Barry http://www.mediafire.com/?9kn3as45o5fck5p

 

exported all daily and weekly data for EURUSD and GBPUSD here: http://www.mediafire.com/?izr166e1abtuomm

 

A very (mean very) experienced trader told me that all *important* levels are visible on weekly charts - they may be visible on other charts but for sure are in the weekly. Hence, I've exported weekly data too :)

 

Can you please give me a valid link for Barry Support/Resistance indi? The one you posted didn't work. Thanks.

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Can you please give me a valid link for Barry Support/Resistance indi? The one you posted didn't work. Thanks.

 

here you go my friend >> http://www.ziddu.com/download/8685922/supportresistancebarry.rar.html

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the indi is ok and may help some.......u could put it on and use it to draw lines, then remove it, but i don't see why you'd need too....also if price is at a recent high or low you'd have to put your own lines in anyway, like now, the indi only puts areas above price, you need them a few days above price and below.
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...also if price is at a recent high or low you'd have to put your own lines in anyway, like now, the indi only puts areas above price, you need them a few days above price and below.

 

Exactly. My question is, when price is at a recent high or low, do you scroll back to the nearest daily candles that are around where price currently is at? Example is, we are at a recent low and when I scroll back, I see that price hasn't been here since September. The most recent daily candles that we would use for the OHLC is 9/30, 9/29, and 9/28, correct?

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