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

  • #161
  • Mar 21, 2007 10:21pm Mar 21, 2007 10:21pm
Quoting Robert DeCuir
Vynner mentioned that he picks up 100-150 pips for every swing trade,HOWEVER he doesn't get out until the EMA's cross.

Did I listen??.....NOOOOOOOOOO, I got out with a 100 pip profit thinking I'm king of the hill! I can't believe what I've left on the table, Damn!

Somebody pass me a bowl of Gumbo and a Pat O'Briens Hurricane so I can drown my foolishness.

Thanks again for the great recommendation, RCD
Oh god the misery! Only 100 pips profit! Surely you could never make a living off of that!?

/sarcasm

Couldn't resist. Am I the only one who'd be happy just walking away with 100 pips a week?
  • #162
  • Mar 22, 2007 1:53am Mar 22, 2007 1:53am
Quoting Robert DeCuir
Vynner mentioned that he picks up 100-150 pips for every swing trade,HOWEVER he doesn't get out until the EMA's cross.

Did I listen??.....NOOOOOOOOOO, I got out with a 100 pip profit thinking I'm king of the hill! I can't believe what I've left on the table, Damn!

Somebody pass me a bowl of Gumbo and a Pat O'Briens Hurricane so I can drown my foolishness.

Thanks again for the great recommendation, RCD
Dear Robert,

Don't be disappointed. 100 pips is good
All we have to do is just wait for another swing setup.

VyNNeR
  • #163
  • Mar 22, 2007 9:29am Mar 22, 2007 9:29am
Quoting VyNNeR
Dear all,

I have been receiving too many private messages asking me the same question.

Anyone who are interested in the tools i use while waiting for this swing strategy to form, can add me at MSN Messenger.
My MSN Messenger is [email protected]

Let us all concentrate this swing strategy on this thread only.

VyNNeR
Morning VyNNer,

What did you mean by this last post of yours. How do i get the other systems that you use.

many thanks and great work.

Bill
It's All About Attitude ...
  • #164
  • Mar 22, 2007 4:25pm Mar 22, 2007 4:25pm
Quoting jeffreytp
VyNNeR,

How did I do this time, please view images? If I did everything correctly, I think the exists need to be better, as there is a mixture of profit and losses. I'd like to make more consistant wins. Your feedback is appreciated.

Trade 1)
http://www.et3.us/forex/entry-1-sell.jpg
http://www.et3.us/forex/exit-1-buy.jpg

Trade 2)
http://www.et3.us/forex/entry-2-sell.jpg
http://www.et3.us/forex/exit-2-buy.jpg

Trade 3)
http://www.et3.us/forex/entry-3-buy.jpg
http://www.et3.us/forex/exit-3-sell.jpg

Trade 4)
http://www.et3.us/forex/entry-4-sell.jpg
http://www.et3.us/forex/exit-4-buy.jpg

Trade 5)
http://www.et3.us/forex/entry-5-sell.jpg
http://www.et3.us/forex/exit-5-buy.jpg

Trade 6)
http://www.et3.us/forex/entry-6-buy.jpg
http://www.et3.us/forex/exit-6-sell.jpg

Trade 7)
http://www.et3.us/forex/entry-7-sell.jpg
http://www.et3.us/forex/exit-7-buy.jpg

Trade 8)
http://www.et3.us/forex/entry-8-buy.jpg


Thanks,

Jeff
Jeffrey & Vynner,

I think I have discovered a better way to exit the trade which will save/make additional pips. My method uses MACD, a three colored version with settings 12,26,1. The indicator is attached. The entry is as outlined at the beginning. The exit is as follows:

When the MACD changes to the opposite color the position is exited at the close of the 2nd opposite colored MACD Histogram bar. You can also re-enter based on the MACD color changes. I have attached a chart showing the entries and exits. The chart is described as follows:

Pair is GBP/JPY

Trade taken on Feb 26th @ 233.23 and according to the entry rules. An early exit (for this particular run) occurred when the MACD histogram bars changed to blue (indicating a retracement). According to my rules, the position exits @ 232.76 for a 47 pip gain.

However, after the 2nd bar, the color changes back to red and the fall resumes. I re-enter (trader's option) on the next closed bar @ 231.69 and don't exit until the 2nd blue bar occurs @ 223.37 for an additional 832 pips, giving a total of 879 pips in 6-7 days. This is an extreme case but today on the GBP/JPY I am up 500+ pips in my demo account.

I would be extremely interested in someone coding this for an EA. Seeing that I work everyday, I sometimes miss entries and the best exits. Is anyone out there up to the challenge?!

1Trader2
Attached Image
Attached File(s)
File Type: mq4 3colorMACD.mq4   4 KB | 885 downloads
  • #165
  • Mar 22, 2007 4:33pm Mar 22, 2007 4:33pm
Quoting 1trader2
Jeffrey & Vynner,

I think I have discovered a better way to exit the trade which will save/make additional pips. My method uses MACD, a three colored version with settings 12,26,1. The indicator is attached. The entry is as outlined at the beginning. The exit is as follows:

When the MACD changes to the opposite color the position is exited at the close of the 2nd opposite colored MACD Histogram bar. You can also re-enter based on the MACD color changes. I have attached a chart showing the entries and exits. The chart is described as follows:

Pair is GBP/JPY

Trade taken on Feb 26th @ 233.23 and according to the entry rules. An early exit (for this particular run) occurred when the MACD histogram bars changed to blue (indicating a retracement). According to my rules, the position exits @ 232.76 for a 47 pip gain.

However, after the 2nd bar, the color changes back to red and the fall resumes. I re-enter (trader's option) on the next closed bar @ 231.69 and don't exit until the 2nd blue bar occurs @ 223.37 for an additional 832 pips, giving a total of 879 pips in 6-7 days. This is an extreme case but today on the GBP/JPY I am up 500+ pips in my demo account.

I would be extremely interested in someone coding this for an EA. Seeing that I work everyday, I sometimes miss entries and the best exits. Is anyone out there up to the challenge?!

1Trader2
I will test this on GBP/UDS from mid Nov 2006 thru now, as I have done manually for this thread. I will post the results and conclusion.
  • #166
  • Mar 22, 2007 4:46pm Mar 22, 2007 4:46pm
What stop loss do you use with this pair?


Quoting 1trader2
Jeffrey & Vynner,

I think I have discovered a better way to exit the trade which will save/make additional pips. My method uses MACD, a three colored version with settings 12,26,1. The indicator is attached. The entry is as outlined at the beginning. The exit is as follows:

When the MACD changes to the opposite color the position is exited at the close of the 2nd opposite colored MACD Histogram bar. You can also re-enter based on the MACD color changes. I have attached a chart showing the entries and exits. The chart is described as follows:

Pair is GBP/JPY

Trade taken on Feb 26th @ 233.23 and according to the entry rules. An early exit (for this particular run) occurred when the MACD histogram bars changed to blue (indicating a retracement). According to my rules, the position exits @ 232.76 for a 47 pip gain.

However, after the 2nd bar, the color changes back to red and the fall resumes. I re-enter (trader's option) on the next closed bar @ 231.69 and don't exit until the 2nd blue bar occurs @ 223.37 for an additional 832 pips, giving a total of 879 pips in 6-7 days. This is an extreme case but today on the GBP/JPY I am up 500+ pips in my demo account.

I would be extremely interested in someone coding this for an EA. Seeing that I work everyday, I sometimes miss entries and the best exits. Is anyone out there up to the challenge?!

1Trader2
Life is too short to have anything but delusional notions about yourself.
  • #167
  • Mar 22, 2007 9:32pm Mar 22, 2007 9:32pm
Quoting jeffreytp
I will test this on GBP/UDS from mid Nov 2006 thru now, as I have done manually for this thread. I will post the results and conclusion.
Jeffrey,

That would be a good study. Most of the research (informal) I've done shows that when there is a loss, it is usually small.

In answer to one of the recent posts about stop losses. I recently tried a SL of 60 on the AUD/USD and got stopped out early. The pair continued to climb (as of today) from my stop another 260 pips. I am now more inclined to use a stop of 75-100 depending on how the daily range looks. I also move my stop loss as the pair rises or falls to within this range.

1Trader2
  • #168
  • Mar 22, 2007 9:37pm Mar 22, 2007 9:37pm
Hi Vynner,
I am not sure that I understand the purpose of the Stoch. on 4h chart. How is it influencing your trading?
Thanks for all your help.
  • #169
  • Mar 23, 2007 4:47am Mar 23, 2007 4:47am
Pluto2,

Look at posts #10, #113 and #143. Several of us have asked the same questions.

Robert DeCuir
  • #170
  • Mar 23, 2007 5:18am Mar 23, 2007 5:18am
If this works for other pairs as well we could be in for an up swing on USDCHF soon enough. Am I reading it correctly ?
The quality of your life is brought about by the quality of your thinking.
  • #171
  • Mar 23, 2007 1:13pm Mar 23, 2007 1:13pm
what do majority of traders on this system do? wait for both or wait for 4 alone to cross 50 and trade on next candle?
  • #172
  • Mar 23, 2007 11:00pm Mar 23, 2007 11:00pm
Dear all traders,

Attached is exit of my swing trade on GBP/USD.
Good profit again.
We shall wait for the next setup and hope to get more pips.

VyNNeR
Attached Image
  • #173
  • Mar 24, 2007 9:56am Mar 24, 2007 9:56am
very informative thread...keep it up guys I'm learning alot!
fall down seven times, get up eight!
  • #174
  • Mar 26, 2007 5:39am Mar 26, 2007 5:39am
i have taken the usd/chf long entry live.
risking .5% of balance. i know its not tested on swissy, but i have looked back across the charts and i am reasonably pleased enough to give it a go.
will let you know
Its gonna happen, it will happen.....i know!
  • #175
  • Mar 26, 2007 6:03am Mar 26, 2007 6:03am
i took this as well. exited at 25 pip profit. very conservative tp level to start off with.

did anyone take the eurusd short?

Quoting rockrat
i have taken the usd/chf long entry live.
risking .5% of balance. i know its not tested on swissy, but i have looked back across the charts and i am reasonably pleased enough to give it a go.
will let you know
  • #176
  • Mar 26, 2007 7:54am Mar 26, 2007 7:54am
V,

What if we get a cross UP of emas, and the daily stoch is DOWN, do we wait for daily stoch to go UP as well ?
  • #177
  • Mar 27, 2007 3:24am Mar 27, 2007 3:24am
Quoting peterdxb
V,

What if we get a cross UP of emas, and the daily stoch is DOWN, do we wait for daily stoch to go UP as well ?
yes
  • #178
  • Mar 27, 2007 5:58am Mar 27, 2007 5:58am
Quoting happyliving
yes
Thanks happyliving for answering
How are you guys doing with other pairs on this strategy?

I just lost 2 consecutive trades and still losing an open trade, total around -200pips.
But i'm still fine for March +740 pips so far.
Hope everyone is doing fine too.

VyNNeR
  • #179
  • Mar 27, 2007 6:11am Mar 27, 2007 6:11am
Quoting VyNNeR
Thanks happyliving for answering
How are you guys doing with other pairs on this strategy?

I just lost 2 consecutive trades and still losing an open trade, total around -200pips.
But i'm still fine for March +740 pips so far.
Hope everyone is doing fine too.

VyNNeR
Hi Vynner,

Congrats on the 740 pips, is that using this system or is that using all your systems put together. and if it is other systems do you have one that is great for scalping whilst waiting for the swing set ups. and can you share that with us please. great work.

Many thnaks

Bill
It's All About Attitude ...
  • #180
  • Mar 27, 2007 11:46pm Mar 27, 2007 11:46pm
Hi Vynner,

What do you think adding SHI channel into it.Correct me if im wrong, I found out , let say if signal indicates to go SHORT but if the candle is at the bottom of the channel u better becareful?..What do you think?
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