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Great GBP/USD Strategy for Swing Trades

  • #81
  • Mar 12, 2007 11:24am Mar 12, 2007 11:24am
Dear VyNNeR,

Thanks a lot for a nice method. It looks very promising, although we still have to wait for a Gbp/Usd signal to come. Can you please share sometime your other method? Sounds very interesting :-)

All the best and good luck with your trading!
  • #82
  • Mar 12, 2007 12:03pm Mar 12, 2007 12:03pm
Quoting VyNNeR
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
Hi VyNNeR, sent you a pm.
  • #83
  • Mar 12, 2007 12:16pm Mar 12, 2007 12:16pm
Hi VyNNeR,
can you please reply to my post #70.
Thank you.
  • #84
  • Mar 12, 2007 12:23pm Mar 12, 2007 12:23pm
i hear you vynner, so are you saying that it is ok to take a trade once the ema4 and ema50 have crossed, without waiting for ema 13?

Quoting VyNNeR
Dear coolshades,

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

VyNNeR
  • #85
  • Mar 12, 2007 12:27pm Mar 12, 2007 12:27pm
Quoting coolshades
i hear you vynner, so are you saying that it is ok to take a trade once the ema4 and ema50 have crossed, without waiting for ema 13?
Dear coolshades,

it usually gives a precaution when EMA4 cross EMA50 and ill wait for the EMA13 to come by b4 i decide to enter the market.

the best senario is when EMA4 EMA13 cross EMA50 at the same time or at least at a sharper angle.

VyNNeR
  • #86
  • Mar 12, 2007 3:22pm Mar 12, 2007 3:22pm
Hi Vynner,

sent a pm to you. thanks
  • #87
  • Mar 12, 2007 4:04pm Mar 12, 2007 4:04pm
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
Hi VyNNeR.

On which pairs did you pick up your pips today ,or are you exiting and re-entering on one.

Cheers
  • #88
  • Mar 12, 2007 8:53pm Mar 12, 2007 8:53pm
Quoting FOURX
Hi VyNNeR.

On which pairs did you pick up your pips today ,or are you exiting and re-entering on one.

Cheers

Dear FOURX,

The only pair i trade now is GBP/USD.
I have a few accounts and i trade cable on all of my accounts.
Some swing and intraday respectively using different strategy and tools

VyNNeR
  • #89
  • Mar 13, 2007 7:53am Mar 13, 2007 7:53am
there shd be a short entry using vynner's strategy at the candle starting 4 pm gmt? both 4 and 13 have crossed 50 downwards and slow d is above slow k on daily...


pls correct me if my reading is wrong..
  • #90
  • Mar 13, 2007 8:34am Mar 13, 2007 8:34am
Quoting coolshades
there shd be a short entry using vynner's strategy at the candle starting 4 pm gmt? both 4 and 13 have crossed 50 downwards and slow d is above slow k on daily...


pls correct me if my reading is wrong..

USD/JPY yes it is a valid entry at 117.31.
This is a sharper angle too they cross about the same time.
  • #91
  • Mar 13, 2007 10:42am Mar 13, 2007 10:42am
well that was a short lived trade. got stopped out at 117.16 when i entered at 117.66. vynner, how did you come at an entry of 117.31? my 4 pm candle has open at 116.66, high of 117.17 and low of 116.47...i use mt4 for charts and broker is fxdd which has a new candle at gmt +2

Quoting VyNNeR
USD/JPY yes it is a valid entry at 117.31.
This is a sharper angle too they cross about the same time.
  • #92
  • Mar 13, 2007 12:39pm Mar 13, 2007 12:39pm
vynner,

do you re-enter when stopped out, so long as the 2 mas are still below 50 ma and condition on daily chart is also met?
  • #93
  • Mar 13, 2007 12:54pm Mar 13, 2007 12:54pm
Quoting coolshades
vynner,

do you re-enter when stopped out, so long as the 2 mas are still below 50 ma and condition on daily chart is also met?
Look at post #59
  • #94
  • Mar 13, 2007 3:09pm Mar 13, 2007 3:09pm
i read that dray, but am not sure if the poster meant my scenario, he says something about 'reaching a short again', whereas i am in a short, just got stopped out...

if the poster and vyns reply answer my query too, then fine..

Quoting drayco
Look at post #59
  • #95
  • Mar 13, 2007 3:29pm Mar 13, 2007 3:29pm
Quoting Pluto2
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.
Dear Pluto,

Sorry for the later reply, i think i almost missed your post.
I only use stoch on daily to determine a valid short or long entry.

If you do not like to wait for the EMA4 and EMA13 to recross to determine your exit, you can also use pivots or fibo to determine you exit.

But i found that the recross usually give more pips in trending market.
Cable has been ranging for the past few weeks, i found it difficult to trade at this market conditions too.

We have to be patience to wait for the market to get back in the mode of trends.

VyNNeR
  • #96
  • Mar 13, 2007 3:41pm Mar 13, 2007 3:41pm
Quoting coolshades
well that was a short lived trade. got stopped out at 117.16 when i entered at 117.66. vynner, how did you come at an entry of 117.31? my 4 pm candle has open at 116.66, high of 117.17 and low of 116.47...i use mt4 for charts and broker is fxdd which has a new candle at gmt +2

Dear coolshades,

I myself would advise you to trade this strategy on demo first before doing it on live.

You have to get used to how to determine the cross on the 4 hours chart.
This question has been asked b4, i noticed the MT4 candles open at a different time from GFT dealbook.

If you have an account or demo of dealbook, try to look at 13/03/2007 1600 +GMT 8 .. that is the open candle at 117.31


VyNNeR
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  • #97
  • Mar 13, 2007 4:13pm Mar 13, 2007 4:13pm
ok.. i am putting the difference in candle open prices as different feeds..

as to demoing first.. i am trading lthis system live.. but on oanda on a lot size of 1 so that is as good as a demo..



Quoting VyNNeR
Dear coolshades,

I myself would advise you to trade this strategy on demo first before doing it on live.

You have to get used to how to determine the cross on the 4 hours chart.
This question has been asked b4, i noticed the MT4 candles open at a different time from GFT dealbook.

If you have an account or demo of dealbook, try to look at 13/03/2007 1600 +GMT 8 .. that is the open candle at 117.31


VyNNeR
  • #98
  • Mar 13, 2007 4:14pm Mar 13, 2007 4:14pm
cld you have a look at my post # 92 pls and give your comments?

thks
  • #99
  • Mar 13, 2007 5:08pm Mar 13, 2007 5:08pm
Quoting coolshades
vynner,

do you re-enter when stopped out, so long as the 2 mas are still below 50 ma and condition on daily chart is also met?

Dear Coolshades,

No i do not do re-entries.
I know its a little frustrating not getting enough trades with this strategy.
As mentioned b4, this is a swing type of strategy.

That is why i uses other tools to get more trades too.

VyNNeR
  • #100
  • Mar 13, 2007 7:51pm Mar 13, 2007 7:51pm
Quoting VyNNeR
USD/JPY yes it is a valid entry at 117.31.
This is a sharper angle too they cross about the same time.
Hi V,

Thought the filter for the dailys didn't suggest this as a short entry point. Am I interpreting your system wrong?

Thanks,
Fratguy
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