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Great GBP/USD Strategy for Swing Trades

  • #841
  • Jul 20, 2007 8:16pm Jul 20, 2007 8:16pm
Hi all,

How's this swing trade going on in July? Anyone try this strategy on others currency pair? Mind share your result records here?

Thank you.
  • #842
  • Jul 26, 2007 12:41am Jul 26, 2007 12:41am
Hello everybody,

We might get the signal on GBP/USD? For a long time there was no signal and now on my charts I see MA(4) approaching MA(50). The signal for short entry I got on EUR/USD yesterday, but I think the system works better with GBP/USD???
Any thoughts?
  • #843
  • Jul 26, 2007 1:41am Jul 26, 2007 1:41am
Quoting dzeba
Hello everybody,

We might get the signal on GBP/USD? For a long time there was no signal and now on my charts I see MA(4) approaching MA(50). The signal for short entry I got on EUR/USD yesterday, but I think the system works better with GBP/USD???
Any thoughts?
I think it is not yet. Although the Daily Stoch seems heading down, I preferred to wait until the other two MA cross the 50. More safe, I think.

Here is my chart. The magenta one is Linreg, others are MA.
Attached Image (click to enlarge)
Click to Enlarge Name: gu now.jpg Size: 53 KB
  • #844
  • Jul 26, 2007 9:54pm Jul 26, 2007 9:54pm
HI all,

Thank's for sharing this one Vynner....it looks great to me.

I'm a newby to Vynners method but having done some some research and back testing, though I am also a fan of forward testing.....I really like the possibilities of this one for more one than one reason but mainly because I won't have to be glued to the screen watching for every tiny change in the market. Walking away and not watching also appeals. Like everyone who is eagerly waiting for the first official trade in a while I think it won't be long in coming now. Have also been taking a trade each time the 4 crossed over the 13 (with the next open) while the 50 Ema was supporting the 4 and the 13 Ema's recently. The last run was a good one...I also only trade if the 26 Ema on the day chart is going in the same direction and there has been no divergences on the Day or the 4 hour to indicate a possible change in direction. just sharing.....and thanks again Vynner for a great system.

Happy pipping to all

Happy.
  • #845
  • Jul 26, 2007 9:59pm Jul 26, 2007 9:59pm
Hi dzeba,

I agree...the research I have done would also indicate that the GBP/USD is the best currency to trade with Vynner's system. I believe Vynner thinks so too.

Good luck

Happy.
  • #846
  • Jul 27, 2007 1:05am Jul 27, 2007 1:05am
Hi all,

The 13 Ema just crossed over on my 4 hour GBP/USD chart at 2.0371 but I think it'll go up a bit before it continues. The new candle is my 8am which I believe makes it 9am in the UK......any thoughts anyone?

Happy...
  • #847
  • Jul 27, 2007 1:21am Jul 27, 2007 1:21am
Hi jancyryu

I have back tested other currencies but have found that the GBP/USD works best....I also think that we have a good one in the making right now. The week is turning down as is the day.....it's looks it's all downhill except for the hour charts which will I expect reverse for a short while to catch it's breath.

Cheers

Happy
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Hi all,

How's this swing trade going on in July? Anyone try this strategy on others currency pair? Mind share your result records here?

Thank you.
  • #848
  • Jul 27, 2007 4:27pm Jul 27, 2007 4:27pm
Took a while, but finally the 4 and 13 EMA's crossed the 50EMA..
I end the day with +235 pips running..oh man this is awesome.. does anyone else here are "having fun with this system"?
Oh for ppl who are having doubts about tryin' another currencies pair.. ive used this method on AUD/USD, im not really sure if its does work as work with GBP/USD, but as far as i tried i didnt get any false alert yet. Oh and if someone here tried this system with EUR/GBP I would like to know if you had any good trade..
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 4 Hours System Mugshot.jpg Size: 51 KB
  • #849
  • Jul 27, 2007 4:46pm Jul 27, 2007 4:46pm
Quoting Happy
Hi jancyryu

I have back tested other currencies but have found that the GBP/USD works best....
would you mind tell us what currencies pair did you try? and records if it possible?

Quote
How's this swing trade going on in July? Anyone try this strategy on others currency pair? Mind share your result records here?
For GBP/USD this week was the only signal i got during whole month.. but its looking this only signal can recovery the monthly expectation.
Like i mentioned before i used this on aud/usd (bought at 0.8466 and sold at 0.8818) and this week i bought at 0.8786 and still running following my gbp/usd signal.. im also planning to run this on eur/gbp pair. A friend of my used this system in another pair which he will tell me later and saying its give more trade opportunities than gbp/usd, when i get it and test it i will let you all know what pair he is using.
  • #850
  • Jul 29, 2007 8:41am Jul 29, 2007 8:41am
does it still profitable strategy???
  • #851
  • Jul 29, 2007 7:22pm Jul 29, 2007 7:22pm
Quoting 4newbie
does it still profitable strategy???
can't tell you much.. gbp/usd took a while to give signal... but all the trade i had so far was profitable
  • #852
  • Aug 5, 2007 7:33pm Aug 5, 2007 7:33pm
Ok people, we now have a long setup occuring on GBPUSD.

The 13EMA has crossed the 50EMA and I'm now waiting for the open of the next 4hr candle before entering.

This is happening during the asian market period, so for those still awake, you can get into this trade in about 30min as I type.

The daily stochastic filter has turned from being overbought and is now up, thus confirming entry, and showing a positive indication of a good move up over the current week or two.

Therefore, all the criteria for entry have been met, so fingers crossed for achieving some good pips !
  • #853
  • Aug 5, 2007 7:53pm Aug 5, 2007 7:53pm
Where is Vynner? Can he mention what broker he use to set up this trade. Cos I got different view from different broker. I've seen many times in this site, good system based on Daily or 4 hour time frame will be defined as bad system because some people using different brokers than the system owner, so they look on different things.

Here is the example :
On Interbankfx chart (GMT+0), the stochastic has shown Buy Trend
Attached Image (click to enlarge)
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  • #854
  • Aug 5, 2007 7:57pm Aug 5, 2007 7:57pm
But......see this one which came from Alpari Rusia :

The stochastic show the Long Setup but it is still in process, confirmation that it cross up will be done tomorrow on 00:00. Until the stochastic confirm on the closing of current daily candle, I think we may not assume that it will cross up. Any suggest from Vynner, what broker should we use together so we can see the same assumption?

The Alpari Rusia chart time is based on GMT +2 (I guess). I am using MT_STOCHASTIC_V2 (Spudfyre's) to show the daily stoch, so it can show exactly the stoch line which is still in process, and the line which is already confirmed. See the different colors at the end of stoch line. That is the line which being developed by the movement of the candle in the whole day.
Attached Image (click to enlarge)
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  • #855
  • Aug 5, 2007 10:55pm Aug 5, 2007 10:55pm
Quoting mbah_sangkil
Where is Vynner? Can he mention what broker he use to set up this trade. Cos I got different view from different broker. I've seen many times in this site, good system based on Daily or 4 hour time frame will be defined as bad system because some people using different brokers than the system owner, so they look on different things.

Here is the example :
On Interbankfx chart (GMT+0), the stochastic has shown Buy Trend

Hi mbah_sangil,

VyNNeR is here
i use GFT DealBook 360 to setup these charts.
i believe there is a difference for different broker when they close their candles.

Remember the Daily Stochs are just filters.
Im trying to figure out a way for re-entries to give us more potential setups in a month.
Will post suggested re-entries rules soon.
Be patience guys.

Hope this helps.

VyNNeR
  • #856
  • Aug 5, 2007 11:37pm Aug 5, 2007 11:37pm
VyNNeR and all

try this stoch setting for your 4hr chart 30.10.10

let us know what you think?
  • #857
  • Aug 5, 2007 11:55pm Aug 5, 2007 11:55pm
Quoting VyNNeR
Hi mbah_sangil,

VyNNeR is here
i use GFT DealBook 360 to setup these charts.
i believe there is a difference for different broker when they close their candles.

Remember the Daily Stochs are just filters.
Im trying to figure out a way for re-entries to give us more potential setups in a month.
Will post suggested re-entries rules soon.
Be patience guys.

Hope this helps.

VyNNeR
Hi Vynner, thanks to reply. Yes, different brokers will give different result. And yes, The daily is the filter, but if we have different filters, then I believe we will have different result too. He.he.he.

Now my question, what is the offset time from GMT that GFT Deal Book use for their chart? Is the demo version can work more than 30 days?

Thank you Vynner to share the method.

Best Regards,
Sangkil
  • #858
  • Aug 6, 2007 1:42am Aug 6, 2007 1:42am
VyNNer.

For the benefit of all onlookers please share your experience on the following matter:

You've mentioned that you sometimes take profits at support and resistance levels.
Do you use the high, low and close of the previous week to calculate
these levels ?
Or, do you find that the crossing of the 4 and 13 EMA usually occurs
at S/R levels anyway ?
  • #859
  • Edited 3:58am Aug 6, 2007 3:46am | Edited 3:58am
Just a couple of observations...imo taking support and resistance into account on both entries and exits will help lower the risk and increase the probability of winning VyNNeR trades.

What we see now (on GBP/USD) is a good example. The 4x13x50 entry was signalled, but this was before the resistance area (of the last week or so) had been tested. The current momentum of the test now underway, might even be enough to swing the EMAs to generate a short cross...who knows.

As an aside, using the weekly timeframe and plotting channels and support/resistance areas coupled with a few basic candlestick formations also helps to put each VyNNeR signal in context. On the weekly chart recently there was 'bearish engulfing' price action at the top of a significant channel line...a strong caution against VyNNeR longs imo.

Good trading.
  • #860
  • Aug 6, 2007 3:50am Aug 6, 2007 3:50am
Hi all.

After seeing that some of you have brokers/charts showing slightly different data...in terms of the below trade, if you didn't get an entry signal it was just as well because i was stopped out after following all the entry criteria as per the charts provided by IG Markets...the live trade was actually placed with Oanda.
I haven't been catching ALL the setups on this swing system (I missed that last big short trade..damnit !) however, the ones I HAVE traded all seem to show an overbought situation and thus the price inevitably reversed as it did again today....man, where am i going wrong ?

Quoting mikelath
Ok people, we now have a long setup occuring on GBPUSD.

The 13EMA has crossed the 50EMA and I'm now waiting for the open of the next 4hr candle before entering.

This is happening during the asian market period, so for those still awake, you can get into this trade in about 30min as I type.

The daily stochastic filter has turned from being overbought and is now up, thus confirming entry, and showing a positive indication of a good move up over the current week or two.

Therefore, all the criteria for entry have been met, so fingers crossed for achieving some good pips !
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