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Great GBP/USD Strategy for Swing Trades

  • #21
  • Mar 2, 2007 8:40am Mar 2, 2007 8:40am
Quoting anthonybaker
Hi VyNNER ,
Nice thread and method. Could I ask,
-How many trades a week, a month do you expect on average?
-Do you trade a routine number of hours or a session, a day? How many hours a day do you trade?
-What is the usual trade length time, 2,4,8 etc hrs?

-Do you scale-in and scale-out of trades, and if so, how do you that?

Regards
Jon
Dear Anthonybaker,

With this Swing trade system, u could expect 3-8 trades a month only.
That is also the reason why im using other tools to help me trade short term. I have 3 accounts in hand at the moment. One for Swing Trades, One for Short Term and One for Scalping.

It all adds up to good pips every month.

With this Swing trade system, you do not need to stick to the screen, you just have to check every 4 hours.

I myself trade mostly during the UK and US session. Not enough sleep

VyNNeR
  • #22
  • Mar 2, 2007 9:55am Mar 2, 2007 9:55am
Thats good, one to two trades a week
another INTP
  • #23
  • Mar 2, 2007 11:16am Mar 2, 2007 11:16am
Quoting VyNNeR
Dear FXFreak,

My Short entry for today was 1.9557 and its +111 pips open at thie moment.
What a good day to start this thread this way. Hope some of you got the profit too.
It is not necessary to wait for the EMA4 and EMA13 cross to exit.
One could try to exit at good Support or Ressitance level.
But believe me, ive tried sticking to my rule, there was once a trade i got +530pips in one single trade.

Regarding the stochs on 4hours please refer to the previous post that ive replied.

VyNNeR
I am confused on this entry as well. I see 1.9515 as the opening of the candle when it crossed. How did you enter at 1.9557? According to the rules> When the EMA4 first cross the EMA50 follow by EMA13 cross the EMA50. The ema 13 crossed the 50 at the 12:00 bar on my chart
  • #24
  • Mar 2, 2007 11:45am Mar 2, 2007 11:45am
Quoting VyNNeR
Dear FXFreak,

My Short entry for today was 1.9557 and its +111 pips open at thie moment.
What a good day to start this thread this way. Hope some of you got the profit too.
It is not necessary to wait for the EMA4 and EMA13 cross to exit.
One could try to exit at good Support or Ressitance level.
But believe me, ive tried sticking to my rule, there was once a trade i got +530pips in one single trade.

Regarding the stochs on 4hours please refer to the previous post that ive replied.

VyNNeR
Hey VyNNer!

Thanks again for sharing and being so generous with answering all the question so quickly! I too am confused on what gave you the entry signal at 1.9557???

Please educate me here? Was it based on the close of the 4:00 AM EST candle close? At that time, my charts do not show EMA 13 successfully crossing EMA 50 quite yet......although it certainly looked like it was well on the way. Mind sharing your thought process a little further?

Thanks!
  • #25
  • Mar 2, 2007 12:10pm Mar 2, 2007 12:10pm
Hello Every one
I am new to this forum.
Is PKS Stokastics slow?
  • #26
  • Mar 2, 2007 12:13pm Mar 2, 2007 12:13pm
Any chance of someone having the indicators set up already and able to post them as an mt4 or ea?
  • #27
  • Mar 2, 2007 1:10pm Mar 2, 2007 1:10pm
Dear all trader,

I am currently trading on GFT Dealbook.
I belive there is a diffrent between the time a new candle open on MT4 and Dealbook.

Below is my chart on Dealbook GFT

VyNNeR
Attached Image
  • #28
  • Mar 3, 2007 1:02am Mar 3, 2007 1:02am
Quoting Fx1618
Tx for sharing this, I set this up and looks like we might get a SHORT-GDP on the next candle. Am I correct?

http://img2.freeimagehosting.net/uploads/56c911f9e7.jpg
dear vynner,

as you wrote on first post, if the slow stochastic on daily chart showing %K above %D, it means a valid Long Signal.
Above picture(daily chart) showing that %K(black line) is above the %D(the yellow line). How could it be a short signal?
  • #29
  • Mar 3, 2007 3:39am Mar 3, 2007 3:39am
Quoting ganesi
dear vynner,

as you wrote on first post, if the slow stochastic on daily chart showing %K above %D, it means a valid Long Signal.
Above picture(daily chart) showing that %K(black line) is above the %D(the yellow line). How could it be a short signal?
ganesi, it depends on the broker's data feed. Obviously, vynner's broker shows %k lower than %d and he enters the short trade...
  • #30
  • Mar 3, 2007 5:35am Mar 3, 2007 5:35am
Hi,

looks very interesting. The trades run overnight ? Or only one day?

Because at night you cannot look every 4h to chart.

Maybee a stupid question sorry.

Mobsie
  • #31
  • Mar 3, 2007 5:56am Mar 3, 2007 5:56am
Quoting caventou
ganesi, it depends on the broker's data feed. Obviously, vynner's broker shows %k lower than %d and he enters the short trade...
caventou,
the difference between any broker will not affect so much. there's may be 1-2 pips difference, but what shown by vynner's dealbook picture is not a daily chart, that is 4hours chart.

my question is about the rule related to daily chart
  • #32
  • Mar 3, 2007 7:54am Mar 3, 2007 7:54am
Quoting VyNNeR
Hi fellow traders,

Thank you all for your interest in this swing trade system.
I was a little busy just now trading my sweet little cable.
Caught +27 +50 +50 = +127 pips today.

I'll try to answer a few questions here now.

VyNNeR
Hi Vy,

Sounds like a great strategy,any chance of showing a chart of the above trades entry/exits.

cheers
  • #33
  • Mar 3, 2007 10:03am Mar 3, 2007 10:03am
Wat way to start new thread thanks keep going still long way to go................All the best............thanks agian for sharing
"Trade for sake of trading & not for winning or Lossing"
  • #34
  • Mar 4, 2007 4:56am Mar 4, 2007 4:56am
Quoting ganesi
caventou,
the difference between any broker will not affect so much. there's may be 1-2 pips difference, but what shown by vynner's dealbook picture is not a daily chart, that is 4hours chart.

my question is about the rule related to daily chart

It is true that the difference between the data feeds of brokers is not more than a few pips at any given time; but the point is that daily bars close at different times on the brokers' platforms: some close at 22:00, some at 23:00 and others at 24:00 GMT, the same applies to 4hr bars, therefore while your 4hr bar opens at 8:00 am GMT for instance, somebody else's bar may have already opened at 7:00 GMT causing a big difference between your entry and his or her entry levels
Regards
  • #35
  • Mar 4, 2007 5:27pm Mar 4, 2007 5:27pm
Quoting howard
It is true that the difference between the data feeds of brokers is not more than a few pips at any given time; but the point is that daily bars close at different times on the brokers' platforms: some close at 22:00, some at 23:00 and others at 24:00 GMT, the same applies to 4hr bars, therefore while your 4hr bar opens at 8:00 am GMT for instance, somebody else's bar may have already opened at 7:00 GMT causing a big difference between your entry and his or her entry levels
Dear Howard,

I believe different broker's platform will have their open candle at different time bacause i use both MT4 North Finance and Dealbook GFT. They both open their candle at different hours.

So far i have been using Dealbook with successful pips with this strategy.
The open candles are at 0000,0400,0800,1200,1600,2000 (GMT +8)

Hope this clarify some doubts.

Anyway the market is still looking good for our short from 1.9557 .. It's at 1.9422 now = +135pips

VyNNeR
  • #36
  • Mar 4, 2007 5:44pm Mar 4, 2007 5:44pm
Dear all traders,

What a good way to start this thread.
Hope some of you got the profit as i started this thread.
I'm currently +200 pips now

VyNNeR
  • #37
  • Mar 5, 2007 6:38am Mar 5, 2007 6:38am
Hi all,

Wow, just to update. Im currently about +350 pips open.
But dont get over excited as this strategy dont always give this good results.
Normally it will range between +100 to +150 pips profit per trade.
And only a few signals a month.

VyNNeR
  • #38
  • Mar 5, 2007 11:19am Mar 5, 2007 11:19am
Quoting FOURX
Hi Vy,

Sounds like a great strategy,any chance of showing a chart of the above trades entry/exits.

cheers

No charts?????????????
  • #39
  • Mar 5, 2007 10:08pm Mar 5, 2007 10:08pm
Quoting FOURX
No charts?????????????

Dear FOURX,

I have already included my chart and it clearly shows my entry at 1.9557.
Please refer to my previous post.
By the way this trade is about +270 pips at the moment.
Now waiting for the EMA4 and EMA13 to cross again.

VyNNeR
  • #40
  • Mar 5, 2007 10:30pm Mar 5, 2007 10:30pm
i also use dealbook and based on your entry doesnt the 13 have to cross the 50 also before entry can be taken well that candle it didtn the next candle should have been entrysee chart
Attached Image
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