Great GBP/USD Strategy for Swing Trades

[quote=TiKin;1457877]I have been testing the Linear Regression Indicator, LRI at 13 setting, on the current system with good results, all other indicators remain in place. By adding the LRI you assure yourself of better entries and exit. The LRI, which I have used for years, was not available on MT4 but a charitable FF sole gave it to me and I will try to post it here (first experience tell me if it does not work). As mentionned, the setting should be 13.


Thanks for sharing this indicator TiKin, and yes it looks as if we have a valid down trend line for now on 4 hourlies, lets see what happens from here...

Thanks again....

is anyone else long on cable currently? (using this strat of course)
i got in a little late at 1.9844

Yes, my entry was 1.9839 I have become suspicious of this down trend line we are stalled at now

the close above 1.9900 yesterday was a nice strong bullish bar and move.

apart from the ol' round number psychology of 2.0000 i don't see any "major" resistance to around 2.0060's.

i have moved my stop to b/even now that it's up 100 pips.... not the rules, but with that much of a move why risk a massive rejection and wipe out 50 pips... IMHO of course. hehe

Dear fellow traders,

Hope most of you guys caught some good pips on cable with the swing trade.
What a way to start the month.

VyNNeR

Please see the attached chart for explanation
Nota: When it is mentionned that a re-entry is possible using the LRI, the 1H chart would be usefull for that moment and more timely.

hi vynner,

i'm long since 1.9802

and close @ 1.9907

nice 100 pip move.

just wanna say thanks to you for sharing this system. It's really help me improving my own system.

Hi all,

I would suggest that the gbp is in an upward trend, again, with new high highs and high lows, this should not worry us mechanical traders, at this point in time I do not see the EMA4 crossing EMA13.
Yet I have banked all real dollar accounts and left but 1 lot for the crossing...more thanks and High Five to the Linear Regression Indicator from Tikin

Tikin, I experimented and found that reading on the very end of the indicator most useful for the exit strategy on the AUDUSD after the release of data, thanks for the reference to the source (for the study material) and your contribution....

Kind Regards,
mattfx

Bye the way,

I would like to make a comment about TiKin's avitar, yet I am at a loss for words LOL

mattfx

Hello MattFX, I am glad you like the LRI, I wanted to ask you on which time frame you used it on the AUD and at what setting.

Concerning my Avatar, it also made me laught a lot when I first found it. As a matter of fact this made me think right away about my cousin's ex-wife who had already ruined 2 good husbands. Imagine this beautifull woman of 5'7'' slender with black hair and bleu eyes and with that ''je ne sais quoi'' that actually was that 20% American Indian blood in her. College professor, you see what I mean the whole work, but with a hidden side...... she loved old and very large houses, needed to be more than 100 years old (that is old in Canadian standards) and of course she wanted that house impeccable at all times inside and out. So her first husband, my cousin and best friend, who was also a professional had written chores for most of the evenings and ALL his weekend and that lasted for 5 years of happiness as his wife was so happy but only when he had somekind of a brush in his hand (paint, dust etc...) after 5 years he wanted his weekend to come with me fishing, hiking but to no avail, his wife would not ear of it and they finally split after 10 years.

The beautifull gal now a Phd, got married a second time to another of my friend and I tried to warn him gently but you know how it goes she had him by the b.......... LOL. After only 4 years of painting, mowing, trimming, glazing he had it and pulled out of the trade, you might say he went to the right side of the LRI.

So when I found this avatar and after drinkig a few beers on Friday night finding this quite funny, I decided to e-mail her and joined this avatar with the comment : Here is for you to show the world you have changed for the better.... post this proudly to your office door and scream to the world that you are no longer the woman you use to be................. she never answered but made my 2 buddies laught for hours. I have been using this avatar since as a reminder to my own wife that I will not submit to cruel and unusual punishment, to her amusement.

Good week to you

From your experience, is it better to use the 4HR chart for LRI?

As a general rule the signal seems more reliable on the 4Hr, but the greatest indicator is still your own mind and the true secret to success in Forex.

I often meet with fellow traders from my area and one is very succesfull, asking him about his strategy he showed me his statement for six months, as I was looking at the many pages of trades, I notice that page after page there was not one lost trade, I mean not one (I probably have it laying around somewhere). I asked him in amazment: what are you doing. He said I don't like to brag, but since you ask me here it is. He was using the LRI as we pretty much all do but always traded in the direction of the trend and his secret was simple ''I stay in until I make money'', if the trend goes against me, I hedge using a corelated pair (we all trade at Oanda and we cannot hedge their directly). So he was often at -100 even 200 pips but stayed in until the market reversed to take it's long term direction, I was amazed. The following morning wich was a Friday of NFP, I decided to trade the news but made a bad mistake not listening to the indicators but to the news alone wich was extremly unfavarable to the USD as I was watching the USDCAD pair going up and up and up not following logic, when it hit a round number which was also a fibo retracement I went SELL thinking I had entered at a good price and it would reverse but it went -260 pips further up and I finally closed the trade with a 40 pips gain but 29 days later, I decided that it was not for me but it did work even if I made a foolish decision. He still trades that way and has made millions literally. It is not for everyone. Hower, his strong math background make him very comfortable, lucky I had him during this ordeal of the 29 days CAD experience as he assured me that the market would evantually come back, on my own I would of lost a lot of money on that trade. A good pair for that system is the EURGBP who can be in a 100-150 pips range for months. This method does not use any stops of course, only logical limits.

Hi all,
Did anyone take this latest signal ?

or did you miss it like i did while i was out?

Of course thanks to the LRI, entry at 1.9815, saw that the LRI was still pointing straight down, trailed stoped it and this morning at more than 100 pips, the market even broke the daily TL, couls go far.

Yes,
Life goes on, there are plenty more signals just around the "corner" I am still recording each signal...for the record.

Have a great weekend,

mattfx

You should use the free alert FX service and be paged on your cell phone, the best programmation here is EMA 4 cross EMA 50, as they don't offer the LRI. This way you don't have to be in front of the screen and you don't miss the boat.

Good weekend to all

Excellent suggestion TiKin

gft has price alerts to your email and sms...
it has indicator alarms, but they don't have the email/sms option.

fortunately, i missed it, but i don't mind. yes i am here, like everyone else to make money, but like you say mattfx, another trade is just around the corner.

it "feels" to me like we are starting to see some definite movement in some currency pairs again.. being that most people's strats are "trending" friendly, good times may very well follow.

Hello TiKin
In my 4h gbp the Linreg line at end shows 1.9700. a little above says
1.9743.does it mean that if it reverses it may go to 1.9747? Your
comment will be greatly appreciated.
Senbanda