K. R. A. P. P

[kraven]

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.

[hitescape]

Kraven,

 

I like this K.R.A.P.P. !!!

 

Since not all brokers use the same GMT, the daily values will vary by broker. Have you investigated whether this has any impact? Also, what is the GMT of the broker that you use?

 

Thanks!

[kraven]

here a pic i forgot to post

 

http://i988.photobucket.com/albums/af5/kraven69/daily-1.gif

 

the little green circle are one's entries that feel short by a pip....so i didn't include them but could have got in.

Edited November 11, 2010 by kraven

[kraven]

i use Alpari UK...charts are 1hr ahead of London....all i will say is try it on your broker.....I don't think my broker will be special K.R.A.P.P Edited November 11, 2010 by kraven

[sillykiddo]

kraven you are great but one question.. how many days daily candles should we need to watch?

 

thanks

[kraven]

at least 3 days worth either side.............but don't forget to go back through the chart as you'll be surprised how many times these levels have been hit and can change a K.R.A.P.P. from minor to major...so you may end up having a major K.R.A.P.P. ; )

[guedesjunior25]

Very good one kraven.

[hitescape]

Well, I tried to post a picture of my KRAPP levels but it only showed up as a tiny postage stamp. If anyone can explain how to post a big image I would appreciate it.

[joeytrader]

Thanks kraven for your share. As you said earlier, the sharing spirit of this forum is just awesome!!

 

I also like your sense of humor with the acronym of your system. I can't wait to tell my friends how I can now make money trading forex, because I can trade with KRAPP!!

[dave123]

Cheers Kraven, you pipped me to the post, I was almost there with the open/close levels. Definately a KRAPP money maker:-))

[guedesjunior25]

Works great, Thanks.

 

http://img231.imageshack.us/img231/2040/fx121020101.jpg

 

Uploaded with ImageShack.us

[manojcosmo]

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.

[Diesel 10]

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!

[kraven]

blue is just a 200sma

 

indi is just a support/resistance indi (basic nothing special, just search for)

 

the arrows are just put on for show

[save2009]

Thank you kravan for your strategy it help me to find the real support and resistance.Anyway I share all of you about simple indicator to draw the OHLC daily line.

http://www.multiupload.com/7JS7T42P50

 

Thank you,

save2009

[⭐ musketeer]

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 :)

[kraven]

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

[kraven]

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

Edited November 12, 2010 by kraven

[⭐ traderdxb]

Here is an indicator that can draw OHLC for previous bars :)

 

http://www.forex-tsd.com/attachments/indicators-metatrader-4/44216d1190628029-candles-hi-low-open-close-candles.ex4

[Diesel 10]

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.

[sequentialb]

Here is an indicator that can draw OHLC for previous bars :)

 

http://www.forex-tsd.com/attachments/indicators-metatrader-4/44216d1190628029-candles-hi-low-open-close-candles.ex4

 

Thanks for the indicator but other than the last 5 previous daily candles, it doesn't seem to draw OHLC for some of the candles.

[gege.aig]

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

[⭐ traderdxb]

Thanks for the indicator but other than the last 5 previous daily candles, it doesn't seem to draw OHLC for some of the candles.

 

Yes, but as Kraven said, we need only last three days OHLC lines :)

[kraven]

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.

[sequentialb]

...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?