DislikedHello 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.
SenbandaIgnored
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DislikedHello 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.
SenbandaIgnored
DislikedDear learningtheropes,
i have been using this swing trade setup live since June 2006.
i only kept track the pips gain for 4 months and i stopped keeping track of it after that since im very sure this is a profitable system.
June2006
GBP/USD +202pips
July 2006
GBP/USD +169pips
Aug 2006
GBP/USD +389pips
Sep 2006
GBP/USD +306pips
The Daily Chart Stochastics can really filter those bad trades during sideway market.
I am currently using this system as my swing trades and other method for short term trades and i'm acumulating avg 600-1000 pips a month just on cable.
VyNNeRIgnored
DislikedAs 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.Ignored
DislikedHi TiKin
Can you pls tell me how do use this 4 hr strategy on oanda platform(3hr) and how do you set it up.
I appreciate all your help.
Thanks
TasseIgnored
DislikedYou 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 allIgnored
DislikedJust wondering which free alert FX service you are referring to ?? I'm currently trialing FXproalerts as per Vynner's suggestion, however would love to checkout the one you speak of as well....
cheers
MikeIgnored
DislikedHello Tasse,
I gather you are speaking about the present thread strategy developed by Vynner. If you want to use the original strategy it is easy to setup on Oanda. However, Oanda does not have the Linear regression indicator (the demand is not there and not many know about the power of this indicator, I learned it through my brother who is an Economist); I have asked for it for the past 5 years and even send them the formula and they told me they were looking into it.... that was about 2 years ago. So you will have to use MT4 which, in my oipinion, is a far better charting package. The only real advantage with Oanda is that it is, as far as I know, the only firm where the charts are 100% syncronised with the dealing station, which is good for scalping.
I hope this answers your question, if not try again.
Good weekendIgnored
DislikedHi Tikin
The LRI has turned in both EU and GU 4H charts. Do you
think it is going to be long entries for both
Thank you
SenbandaIgnored
Dislikedalertfxdotcom (dot meaning .) free service but you need to sign-in
Please post the address of the web site FXproalerts.
ThanksIgnored
Dislikedhello all...i'm a newbie trader
first of all..i would like to thanks to Vnnyer for his great gbp/usd system and the EA maker...
i would like to ask...
i just download this EA
vnnyer swing v1.2.mq4
and the problem is...
could some one explain to me...how to apply and use the EA..
because i still cant do it..
it's just doesnt work with my MT4
thanksIgnored
DislikedOk, we are very close to closing the trade on the crosses now with a cross forming at 1.9714, according to Vynner's conditions from the last signal short around 1.9786 area (although I closed my live account position on todays break above the 1.9690 area) and now incorporating Tikin's LNR indicator. I still see importance in allowing the cross to complete on the 4 hour candle for confirmation as the trend can continue and one may miss many more profits when closing early, this strategy requires profits to run to be successful, my objective is to "free up" computer time, I see this as a successful strategy long term and I will continue to record the results and post shortly
Have a great day,
mattfxIgnored