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Great GBP/USD Strategy for Swing Trades

  • #61
  • Mar 8, 2007 5:38pm Mar 8, 2007 5:38pm
Hello V,

I am very grateful that you share your strategy. This is my first time experience to recognize and understand how the EMA and stochastic explain the market trends.

The strategy is simple but so powerful. I mean it is possible to make 100 pips in one single trade.

Do you mind to share your strategy for short trading please ?

Thank you very much V.
  • #62
  • Mar 8, 2007 7:56pm Mar 8, 2007 7:56pm
Hello WyNNeR,

Thanks for sharing your system. I am seeing the USD/CHF pair ready for an entry but leery of the NFP news that's about to come out tomorrow. Any thoughts? Is anyone looking to trade this pair with this strategy and what're your thoughts?

Thanks,
Fratguy
  • #63
  • Mar 8, 2007 9:42pm Mar 8, 2007 9:42pm
vynner,how will u trade today for cable? as u can see that the market is v.flat now before the news, thanks...
  • #64
  • Mar 9, 2007 10:59am Mar 9, 2007 10:59am
Quoting coolshades
on this system?

Dear coolshades,

I have done some backtesting on other pairs like USD/JPY , EUR/USD and USD/CHF too. They all give a promising results too.

The only pair that i have done forward testing is GBP/USD.
The reason why i dont trade other pairs and only GBP/USD is because i found that most majors have high correlation with each other.

Some guy gave me an advise before. If you can make a million from one pair why do you need others. It might sound weird but its kinda reasonable as i can concentrate more on one pair's behaviour.

If i were to trade 2 lots each on 4 pairs, i would rather trade 8 lots on 1 pair.

But anyone who like to forward test on other pairs with this strategy you are most welcome to do so and i guess many would appreciate it too.

VyNNeR
  • #65
  • Mar 9, 2007 11:02am Mar 9, 2007 11:02am
Quoting fratguy
Hello WyNNeR,

Thanks for sharing your system. I am seeing the USD/CHF pair ready for an entry but leery of the NFP news that's about to come out tomorrow. Any thoughts? Is anyone looking to trade this pair with this strategy and what're your thoughts?

Thanks,
Fratguy

Dear fratguy,

You are welcome.

According to this strategy, i have forward test GBP/USD purely based on technicals meaning i would still trade despite any news coming out.
But of cos many of us would stay out from a trade just before NFP, its up to you.

VyNNeR
  • #66
  • Mar 9, 2007 11:06am Mar 9, 2007 11:06am
Quoting fxnewbie 71
vynner,how will u trade today for cable? as u can see that the market is v.flat now before the news, thanks...
Dear fxnewbie,

With this particular strategy, the trade was ended already, therefore i will be waiting for the EMA4 and EMA13 to cross EMA50 again to go long provided my daily charts stoch shows up too.

Regarding your questions about trading today, i have opened my short position at 1.9306 with 3 lots. +22 on the first lot , broke even on the second lot and my last lot is still floating based on my other tools.

VyNNeR
  • #67
  • Mar 9, 2007 11:06am Mar 9, 2007 11:06am
Hi V,

I stayed out of the USD/CHF trade. USD/JPY is going to be ready soon and I do plan on entering the trade. Will keep everyone posted regarding my position.

Thanks,
Fratguy
  • #68
  • Mar 9, 2007 11:13am Mar 9, 2007 11:13am
Quoting fratguy
Hi V,

I stayed out of the USD/CHF trade. USD/JPY is going to be ready soon and I do plan on entering the trade. Will keep everyone posted regarding my position.

Thanks,
Fratguy
Dear Fratguy,

Thanks for your effort.
Everybody would benefit from you if you keep us updated.

VyNNeR
  • #69
  • Mar 9, 2007 11:47am Mar 9, 2007 11:47am
hi ..how about if stochastic 4 hour in overbought .u still entry ..
  • #70
  • Mar 9, 2007 2:00pm Mar 9, 2007 2:00pm
Hello VyNNeR,
thanks for the great system. Very nice of you to share it with us. Do you refer to lower time frames at all? Do I understand it correctly that you are using the Stoch. on 4h chart only to determine the TP you are aming for?
For example: When the Stoch. on 4hr chart is in the over bought and you are entering long - you exit earlier.
Thanks for your reply.
Happy pipping to all.
  • #71
  • Mar 11, 2007 4:04pm Mar 11, 2007 4:04pm
Just bought USD/JPY @ 118.32.
  • #72
  • Mar 11, 2007 5:58pm Mar 11, 2007 5:58pm
Quoting fratguy
Just bought USD/JPY @ 118.32.

Dear fratguy,

Seems like a good trade.
I was tempted to buy 118.29 too.
Wish you all the best

VyNNeR
  • #73
  • Mar 12, 2007 1:21am Mar 12, 2007 1:21am
shouldnt the trade be executed once the cross is completed and then opening of new candle?

if it is executed during the candle when the cross occurs, then the cross might also uncross..?

Quoting VyNNeR
Dear fratguy,

Seems like a good trade.
I was tempted to buy 118.29 too.
Wish you all the best

VyNNeR
  • #74
  • Mar 12, 2007 2:29am Mar 12, 2007 2:29am
Coolshades,

Yes, you're right. I may have pulled the trigger one candlestick too soon but so far it is working out for me.

Thanks,
Fratguy
  • #75
  • Mar 12, 2007 6:06am Mar 12, 2007 6:06am
Quoting coolshades
shouldnt the trade be executed once the cross is completed and then opening of new candle?

if it is executed during the candle when the cross occurs, then the cross might also uncross..?

Dear coolshades,

Actually EMA4 cross EMA50 gives a good signal already. therefore when EMA13 cross EMA50 its just a double confirmation.

VyNNeR
  • #76
  • Mar 12, 2007 6:14am Mar 12, 2007 6:14am
Looks like the cable emas will be crossing upwards soon?
  • #77
  • Mar 12, 2007 9:05am Mar 12, 2007 9:05am
Quoting leeroy brown
Looks like the cable emas will be crossing upwards soon?

Dear leeroy brown,

Both EMAs failed to cross EMA50.
We shall wait for a better trade.

How is everyone doing? Hope everyone catch some pips today.
I have +23 +31 +51 today.

VyNNeR
  • #78
  • Mar 12, 2007 9:39am Mar 12, 2007 9:39am
Quoting VyNNeR
Dear leeroy brown,

Both EMAs failed to cross EMA50.
We shall wait for a better trade.

How is everyone doing? Hope everyone catch some pips today.
I have +23 +31 +51 today.

VyNNeR
Nice trading ....all since UK session open? I have collected +180 pips off cable and swissy today, but a couple of entries were on the 5th March.

I like the look of your 4hr strat and have it in live test mode on fxengines. Your intraday method looks intriguing, you seem to capture 100+ pips with it regularly.

Good trading to you.
  • #79
  • Mar 12, 2007 10:44am Mar 12, 2007 10:44am
What happened to the USD/JPY today?, both EMAS crossed upwards, suggesting a long entry at around 118.27 or so, then it dropped straight afterwards?
  • #80
  • Mar 12, 2007 11:06am Mar 12, 2007 11:06am
Quoting ChowClown
Nice trading ....all since UK session open? I have collected +180 pips off cable and swissy today, but a couple of entries were on the 5th March.

I like the look of your 4hr strat and have it in live test mode on fxengines. Your intraday method looks intriguing, you seem to capture 100+ pips with it regularly.

Good trading to you.
Dear ChowClown,

You did well too. Most of my trades happens during UK and US sessions.
It is not really intraday method, but definitely im getting more trades per month with it.

What do you mean by "live test mode on fxengines"?

VyNNeR
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