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Great GBP/USD Strategy for Swing Trades

  • #741
  • Jun 18, 2007 4:23am Jun 18, 2007 4:23am
There were many successful trades which were not according the daily stoch. So, I take this as a valid entry.

Quoting dzeba
Hello everybody,

I am trying this system and would like to ask who uses it for long time - are we seeing the signal right now on the GBP/USD 4h chart? But on D chart stoch doesn't show the valid buy signal am I correct?

Thank you very much.
  • #742
  • Jun 18, 2007 5:09am Jun 18, 2007 5:09am
Quoting MegaPips
There were many successful trades which were not according the daily stoch. So, I take this as a valid entry.
Dear MegaPips,

I usually do not want to go against the bigger trend.
I'll stay out on this one.

Anyone i have made +31 pips on cable today with my other tools.
So i wont be chasing price..

Those who take this trade.. All the best and good luck

VyNNeR
  • #743
  • Jun 18, 2007 5:32am Jun 18, 2007 5:32am
Quoting VyNNeR
Dear MegaPips,

I usually do not want to go against the bigger trend.
I'll stay out on this one.

Anyone i have made +31 pips on cable today with my other tools.
So i wont be chasing price..

Those who take this trade.. All the best and good luck

VyNNeR
Dear Vynner,
are you here?

did you just long for a signal about half an hour ago?

I did. I use your method.
  • #744
  • Jun 18, 2007 5:35am Jun 18, 2007 5:35am
Quoting Sontoloyo
Dear Vynner,
are you here?

did you just long for a signal about half an hour ago?

I did. I use your method.

Sorry Vynner, I didn't read your previous message.

so you didn't entry long. why? against bigger trend? what is or how is to define bigger trend?
  • #745
  • Jun 18, 2007 5:41am Jun 18, 2007 5:41am
Hi all,
I don't have a confirmed cross of the 13 ema and 50 ema on my four hour chart just yet...
I also see the daily stochs as still favourable with no confirming reversal cross on the four hour stocks, with this in mind and my past analysis of this sytem I am prepared for the next entry should it occur. I can still see a move on my other fib indicators to 1.9880 area. Although I took a trade earlier using the linreg indicator providing an entry just above the 1.9780 break of past high

Ok, lets see what pans out for now
mattfx
Without women, money would have no meaning - Aristotle Onassis
  • #746
  • Jun 18, 2007 6:05am Jun 18, 2007 6:05am
Hi there,

I paid good money for another forex course which is so "noisy" (with all the indicators etc) and complicated that I am too confused to trade. I read about your swing method and it all makes prefect sense and 4 hour trading suits me very well considering I work full day plus have a small child / husband so I really don't have time to watch the graphs like a hawk. I want to say thank you as it is working quite well (I am demo trading until I am 100% confident with this system). Just a question about the MVA's - I am confused as to why you wait until the 50 MVA has been crossed to go in for trade? I have found that as soon as the 13 & 4 MVAs have crossed then you are 80% sure to make a great trade. Plus the stochs are running faster than the MVAs so they already give you a heads up as to what is coming. The GBPUSD from Friday is a perfect example of what I mean - the MVAs (13 & 4) crossed only after the major announcements but the stochs had crossed earlier (for a buy) and the trade is still running- a very nice 80pips + trade there...It is almost too easy but it really is working for me. Just please advise on the 50MVA cross you spoke of?

Regards,
Smarti


Quoting VyNNeR
Dear all traders,

I have been asked in a few chat rooms what strategy do i use for swing trades.

Therefore i decided to share this strategy of mine to anyone who is interested.

Average 300-400 pips a month.

Things you need:
1) Daily Chart on GBP/USD
2) 4 hours Chart on GBP/USD
3) Slow Stochatics (13,5,5) on both charts
4) EMA 4, EMA13, EMA50 on the 4 hours chart

Look at 4 hours chart
Entry:
When the EMA4 first cross the EMA50 follow by EMA13 cross the EMA50, with a new open candle, place your entry with a stop loss of 50pips.
Exit :
When EMA4 reverse and cross the EMA13 on the next open candle.

They call this the NoBrainersTrade but i have modified a few things and add in a really good filter base on the daily charts with slow stochastics.

For Filter look at Daily chart
Valid Long Entry:
Slow %K above Slow %D on the Daily Chart
Valid Short Entry:
Slow %D above Slow %K on the Daily Chart

Very simple method but yet powerful.
It works on other pairs too but i found this work best on GBP/USD.


VyNNeR
  • #747
  • Jun 18, 2007 6:18am Jun 18, 2007 6:18am
Hi again,
Here is the past analysis (all performed manualy) of the last 109 trades for this system. These have been performed with no regard to the stochs,
trade 104 to 109 have been performed in "live" conditions

I think this system should suit the long term swing trader, although max draw down is 27.24 % at trade 64, but if you look at the attachment you will see a draw down of 26.75 at trade number 7, 26.48 at trade at 108, so we are yet to see draw down of over 30%?

Good luck all
mattfx
Attached File(s)
File Type: txt Vynner GBP Swing Trade Results.txt   9 KB | 596 downloads
Without women, money would have no meaning - Aristotle Onassis
  • #748
  • Jun 18, 2007 6:36am Jun 18, 2007 6:36am
hi Vyneer,
do u think it would be ok to use a 20pip SL,and have u tested on gbp/gpy pair,any recomended hours to trade,
thanks


Quoting VyNNeR
Dear all traders,

I have been asked in a few chat rooms what strategy do i use for swing trades.

Therefore i decided to share this strategy of mine to anyone who is interested.

Average 300-400 pips a month.

Things you need:
1) Daily Chart on GBP/USD
2) 4 hours Chart on GBP/USD
3) Slow Stochatics (13,5,5) on both charts
4) EMA 4, EMA13, EMA50 on the 4 hours chart

Look at 4 hours chart
Entry:
When the EMA4 first cross the EMA50 follow by EMA13 cross the EMA50, with a new open candle, place your entry with a stop loss of 50pips.
Exit :
When EMA4 reverse and cross the EMA13 on the next open candle.

They call this the NoBrainersTrade but i have modified a few things and add in a really good filter base on the daily charts with slow stochastics.

For Filter look at Daily chart
Valid Long Entry:
Slow %K above Slow %D on the Daily Chart
Valid Short Entry:
Slow %D above Slow %K on the Daily Chart

Very simple method but yet powerful.
It works on other pairs too but i found this work best on GBP/USD.


VyNNeR
  • #749
  • Jun 18, 2007 6:41am Jun 18, 2007 6:41am
Thanks VyNNeR for your comment. I came out with +16 pis already, as you say, this is a trade against bigger trend. cheers.


Quoting VyNNeR
Dear MegaPips,

I usually do not want to go against the bigger trend.
I'll stay out on this one.

Anyone i have made +31 pips on cable today with my other tools.
So i wont be chasing price..

Those who take this trade.. All the best and good luck

VyNNeR
  • #750
  • Jun 18, 2007 6:48am Jun 18, 2007 6:48am
Smarti,

These results have been calculated after confirming the cross of 13 ema / 50 ema and then enter at the open of the next four hour candle. So it is according to the rules, correct me if I am wrong, the cross is confirmed by the closing of the four hour candle. We need a closed candle to confirm this cross and then enter on the open of a new four hour candle. This is how I have interpreted the rules of this system and provided analysis in my previous post. I used JoshDancers expert indicator to assist for the past analysis. I have disregarded the stochs, for the purpose of the analysis, I have also examined how each trade would be if let go to the max stop of 50 pips, the results basically cut the return by about 50%, so not bad for a purely mechanical system, which is, as you appear similarly looking for, a system that frees up computer time ?

good trading
mattfx
Without women, money would have no meaning - Aristotle Onassis
  • #751
  • Edited 8:37am Jun 18, 2007 7:11am | Edited 8:37am
The LRI cross occured last night (NYT) at 1.9774 and went all the way to almost 70 pips gain.

The only thing that bothers me a little is that the market bounced at the 61.8% fibo level of this upward move, hopefully it will exceed that and hit the daily trend line / Resistance at 1.9900.

Thanks again to Vynner and all
  • #752
  • Jun 18, 2007 7:32am Jun 18, 2007 7:32am
Hi all, I have an entry signal for a long trade at 1.9820
Without women, money would have no meaning - Aristotle Onassis
  • #753
  • Jun 18, 2007 8:04am Jun 18, 2007 8:04am
Quoting TiKin
The LRI cross occured last night (NYT) at 1.9774 and went all the way to almost 70 pips gain. That is a fifth winner in a row for me and I think this is a pretty good little system. I am so confident about it that I am live but with one small lot as a mind breaker.

The only thing that bothers me a little is that the market bounced at the 61.8% fibo level of this upward move, hopefully it will exceed that and hit the daily trend line / Resistance at 1.9800.

Thanks again to Vynner and all

TiKin,
Please leave out the "braggato" such as fith winner in a row, this market has no room for ego or any other emotion. Like most traders just can't handle pullbacks and cut profits too short, this system requires holding on to winners over a longer time frame than a few hours, I would also like you to post the "fifth" consecitive loss loss in a row that you have experienced, because, as you know, it does happen, yet I feel people will be mislead by such comments as "fifth" winner in a row, and I see them as gamblers and not willing to admit losses, which every trader knows is apart of the forex game, all I am seeking is a system that takes away the emotional part and just leaves us with a profitable mechanical system to trade in the long term, maybe this is it, I don't know. If you think I am brash, you are probably right

mattfx
Without women, money would have no meaning - Aristotle Onassis
  • #754
  • Jun 18, 2007 8:09am Jun 18, 2007 8:09am
Quoting mattfx
TiKin,
Please leave out the "braggato" such as fith winner in a row, this market has no room for ego or any other emotion. Like most traders just can't handle pullbacks and cut profits too short, this system requires holding on to winners over a longer time frame than a few hours, I would also like you to post the "fifth" consecitive loss loss in a row that you have experienced, because, as you know, it does happen, yet I feel people will be mislead by such comments as "fifth" winner in a row, and I see them as gamblers and not willing to admit losses, which every trader knows is apart of the forex game, all I am seeking is a system that takes away the emotional part and just leaves us with a profitable mechanical system to trade in the long term, maybe this is it, I don't know. If you think I am brash, you are probably right

mattfx
You are right, a little to emotionally involved.
  • #755
  • Jun 18, 2007 8:18am Jun 18, 2007 8:18am
TiKin, will you please explain how you are using LRI indicator to predict price levels, with some charts? I am still not clear about LRI . Thanks.



Quoting TiKin
You are right, a little to emotionally involved.
  • #756
  • Jun 18, 2007 8:32am Jun 18, 2007 8:32am
Quoting MegaPips
TiKin, will you please explain how you are using LRI indicator to predict price levels, with some charts? I am still not clear about LRI . Thanks.
SEE post 686 and 701 as an example, if that does not answer your question, please feel free to ask again, I will do my best.

At 9:40 NYT, the market is on the buy side of the LRI (left side) and it is still pointing North which is bullish with no apparent signs of weakness, the stat price is at 1.9812.
  • #757
  • Jun 18, 2007 8:46am Jun 18, 2007 8:46am
Thanks, will try to learn more about it's use.

Quoting TiKin
SEE post 686 and 701 as an example, if that does not answer your question, please feel free to ask again, I will do my best.

At 9:40 NYT, the market is on the buy side of the LRI (left side) and it is still pointing North which is bullish with no apparent signs of weakness, the stat price is at 1.9812.
  • #758
  • Jun 18, 2007 8:56am Jun 18, 2007 8:56am
MT4 is in Central Europe time and for many that might be confusing, espacially to know when a candle will close, when it open etc...

This free tool is an international easy to set clock that might help some people (needs registration).

http://www.ntp-systems.com/symmtime.asp

I have set an MT4 time and it helps for entry.
Attached Image
  • #759
  • Jun 18, 2007 11:15am Jun 18, 2007 11:15am
Hello

Vynner

Thanks for post your system, that I think is very interesting and Iīm going to test in a demo account.
I red your strategie, and now looking at Eur/Usd chart I see a signal for de ema cross right now, so, for what i understand itīs to open long next candle isnīt it? But my stoch (13,5,5) are in a overbought area (92.1723) and near k% cross D. What i must consider? Cross Emas or cross Stochs. So, are two contradictors signal. Can you see please? Sorry I donīt know how to atached the Chart . I tried, but...........
Sorry for my bad english
Thanks for your atenttion
  • #760
  • Jun 18, 2007 11:25am Jun 18, 2007 11:25am
Quoting TiKin
At 9:40 NYT, the market is on the buy side of the LRI (left side) and it is still pointing North which is bullish with no apparent signs of weakness, the stat price is at 1.9812.
...price now taking a breather on the LRI sell side (right side)...FXCM's ChartStation LRI figure currently printing 1.9836. Does look like a bull flag (or similar) on the 4hr, so my money's still long....

Using the LRI slope change looks useful for getting in earlier on a trend change, before the LRI/50ema cross - will be interesting to test both variants.
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