Great GBP/USD Strategy for Swing Trades | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

5/6 candle swing low swing high Indicator 5 replies

Swing high / Swing low indictator+alert? 20 replies

High probability trade setups for day trades and swing trades 4 replies

Swing highs and swing lows 3 replies

swing high/swing low indicator and volume tic history 13 replies

Attachments: Great GBP/USD Strategy for Swing Trades
Exit Attachments

Great GBP/USD Strategy for Swing Trades

  • #101
  • Mar 13, 2007 8:01pm Mar 13, 2007 8:01pm
Quoting fratguy
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
Dear Fratguy,

Its pretty hard to determine if the stoch on daily chart is cross or not now for 13/03/2007

From the look at it, it seems a valid one?

VyNNeR
  • #102
  • Mar 13, 2007 8:13pm Mar 13, 2007 8:13pm
Quoting VyNNeR
Dear Fratguy,

Its pretty hard to determine if the stoch on daily chart is cross or not now for 13/03/2007

From the look at it, it seems a valid one?

VyNNeR
On the daily stoch, it was all the way down and signaling a long and on my chart, it had already crossed over.

Thanks,
Fratguy
  • #103
  • Mar 13, 2007 8:23pm Mar 13, 2007 8:23pm
Quoting fratguy
On the daily stoch, it was all the way down and signaling a long and on my chart, it had already crossed over.

Thanks,
Fratguy

Can you post your chart here please?
  • #104
  • Mar 14, 2007 1:40am Mar 14, 2007 1:40am
frat,vyn,
here goes. i took the trade at the candle marked since the previous candle 13 had crossed 50.


the reason for my question of re-entering once stopped out was that, if i had re-entered, i wld have had a very profitable trade...
Attached Images
  • #105
  • Mar 14, 2007 2:27am Mar 14, 2007 2:27am
Quoting coolshades
frat,vyn,
here goes. i took the trade at the candle marked since the previous candle 13 had crossed 50.


the reason for my question of re-entering once stopped out was that, if i had re-entered, i wld have had a very profitable trade...

The reason why i do not reneter is bcos, if you entered at 117.31 you should not be sotpped out.
Anyway i do not trade USD/JPY now.
Im just looking at it just to help you out

VyNNeR
  • #106
  • Mar 14, 2007 2:29am Mar 14, 2007 2:29am
Quoting coolshades
frat,vyn,
here goes. i took the trade at the candle marked since the previous candle 13 had crossed 50.


the reason for my question of re-entering once stopped out was that, if i had re-entered, i wld have had a very profitable trade...

I have check your chart coolshades.
You should have entered on the previous candle.

VyNNeR
  • #107
  • Mar 14, 2007 4:01am Mar 14, 2007 4:01am
Quoting coolshades
frat,vyn,
here goes. i took the trade at the candle marked since the previous candle 13 had crossed 50.


the reason for my question of re-entering once stopped out was that, if i had re-entered, i wld have had a very profitable trade...
Cool

According to your chart you should have shorted on the open of the candle before the one shown by the arrow.
Regards
  • #108
  • Mar 14, 2007 4:53am Mar 14, 2007 4:53am
am glad both of you brought this up.. because that is the point i am unclear of..

if i had entered the previous candle, the ema13 was crossing the ema 50 in that candle..my understanding is that you enter the trade after the cross has occured and set in stone.. which means enter the trade in the subsequent candle. which is what i did

if you take the trade on the candle on which the cross is occuring, then there is a possibility the price can reverse in that candle and hence no cross at all.

pls let me know ur comments.



Quoting howard
Cool

According to your chart you should have shorted on the open of the candle before the one shown by the arrow.
  • #109
  • Mar 14, 2007 5:42am Mar 14, 2007 5:42am
Quoting coolshades
am glad both of you brought this up.. because that is the point i am unclear of..

if i had entered the previous candle, the ema13 was crossing the ema 50 in that candle..my understanding is that you enter the trade after the cross has occured and set in stone.. which means enter the trade in the subsequent candle. which is what i did

if you take the trade on the candle on which the cross is occuring, then there is a possibility the price can reverse in that candle and hence no cross at all.

pls let me know ur comments.
It is very hard to comment in retrospect, but by the look of your chart it seems as if when the small candle closed and the big candle opened, the cross had already been in place, therefore it cannot uncross, of course it can cross back up again but not uncross.

Only watching in realtime shows whether on open of the big candle (the one before the arrow) the cross had already taken place and confirmed or not.
Regards
  • #110
  • Mar 14, 2007 3:22pm Mar 14, 2007 3:22pm
vynner has suggested a tp when the two mas cross..an alternate cld be when the stochastics cross on the 4 hr chart... i havent back tested this. just observation. this tp is conservative, so you probably end up leaving some pips on the table.
  • #111
  • Mar 15, 2007 7:34pm Mar 15, 2007 7:34pm
Dear all traders,

We have another swing trade on GBP/USD based on this strategy.
Look at the chart below Open Long @ 1.9.383.

This is not really an excellent open signal as you can see that the EMAs is not a a great angle, but who knows .. let's us all see how this trade develop.

This is just for demonstration purposes only, anyone who wants to trade this please do it at your own risk.

VyNNeR
Attached Image
  • #112
  • Mar 15, 2007 8:20pm Mar 15, 2007 8:20pm
Thanks for posting a current chart with a attached opinion.

I have looked back in history briefly and have not found where the four hour stocs have shown to be crossing over signaling a short position at the height of the four hour emas showing a long position could be taken.

I realize your haven't put any credibility on the four hour stocs, but based upon your past experience, does this put any pressure upon the standard trade of going long at this time?

Robert DeCuir
  • #113
  • Mar 15, 2007 8:27pm Mar 15, 2007 8:27pm
Quoting Robert DeCuir
Thanks for posting a current chart with a attached opinion.

I have looked back in history briefly and have not found where the four hour stocs have shown to be crossing over signaling a short position at the height of the four hour emas showing a long position could be taken.

I realize your haven't put any credibility on the four hour stocs, but based upon your past experience, does this put any pressure upon the standard trade of going long at this time?

Robert DeCuir
Dear Robert,

You might want to look at overbought and oversold situations, but im more interested in the daily stochs to have a bigger picture on where the market is heading.

We all know that the market can be in overbought/oversold senario for days or even weeks.

VyNNeR
  • #114
  • Mar 15, 2007 9:17pm Mar 15, 2007 9:17pm
Hi V,

Sorry I couldn't post the chart earlier for the USD/JPY.

Anyways, looks like you are right so far... it is starting to break out now.

Thanks,
Fratguy
  • #115
  • Mar 15, 2007 9:35pm Mar 15, 2007 9:35pm
Dear Vynner,

First of all thanks for sharing this swing trade method.

For the last proposed trade of yours, for what i see on the daily chart on GBP.USD it seems that %D IS above %K so this trade would not pass the filter on daily.

Also , on the 4H chart I see that 13ema is going to cross 50ema, but it hasn't cross it yet, and the candle is still on the move, not finished yet.

I'm a bit confused about the GO order for this particular setup.
The risk is what gives value to an investment.
  • #116
  • Mar 15, 2007 10:04pm Mar 15, 2007 10:04pm
Quoting 3cent
Dear Vynner,

First of all thanks for sharing this swing trade method.

For the last proposed trade of yours, for what i see on the daily chart on GBP.USD it seems that %D IS above %K so this trade would not pass the filter on daily.

Also , on the 4H chart I see that 13ema is going to cross 50ema, but it hasn't cross it yet, and the candle is still on the move, not finished yet.

I'm a bit confused about the GO order for this particular setup.
Dear 3cent

Attached is the Daily chart .. Stoch %K is above %D.
I dont see any problem with the filter.

The only concern i have is the angle how the EMA is crossing the EMA50

VyNNeR
Attached Image
  • #117
  • Mar 15, 2007 10:34pm Mar 15, 2007 10:34pm
Has a signal just appeared for long GBP/USD?
  • #118
  • Mar 16, 2007 3:19am Mar 16, 2007 3:19am
Up up up more :-)
  • #119
  • Mar 16, 2007 3:22am Mar 16, 2007 3:22am
Quoting pattame
Up up up more :-)

lolz ...

Hope we get good pips .

VyNNeR
  • #120
  • Mar 16, 2007 7:35am Mar 16, 2007 7:35am
Hi V,

Now that we're up 100 pips, is it a good idea to add on another position because we're already in the money? And regarding exiting the position, I know we milk it until the 4EMA crosses 13 on the 4 hr chart. Would you still agree with that?

Thanks,
Fratguy
3 traders viewing now