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Great GBP/USD Strategy for Swing Trades

  • #201
  • Mar 30, 2007 3:40am Mar 30, 2007 3:40am
Ready to short @GBPUSD

Quoting Robert DeCuir
Muharief,

Vynner has made it clear at the first of this thread that he has only forward tested this strategy on GBP/USD.

Keep a close eye on your trade should you take it on USD/JPY and let us know how you did. It will be interesting to hear about your results.
Robert DeCuir
  • #202
  • Mar 30, 2007 4:04am Mar 30, 2007 4:04am
Quoting ChowClown
...which charts do you use? The daily slow stoch (13,5,5) was/is crossed short when the 4hr emas signalled long yesterday.

i dont see it . anyone ??
  • #203
  • Mar 30, 2007 4:06am Mar 30, 2007 4:06am
Yes, setting up nicely, could turn on a dime though, of course :surprised
Attached Image
  • #204
  • Mar 30, 2007 4:13am Mar 30, 2007 4:13am
Quoting happyliving
i dont see it . anyone ??
...here's the FXCM chart showing the daily slow stoch crossed short on EUR/JPY. The 4hr signalling long - the daily filter keeps us out....using the original method posted.
Attached Image
  • #205
  • Mar 30, 2007 4:13am Mar 30, 2007 4:13am
so i think this is the time we put a sell on GBP/USD right?
  • #206
  • Mar 30, 2007 4:19am Mar 30, 2007 4:19am
...you need to wait for the 13ema to cross the 50ema, before entering a short. It might take a couple/few more 4hr periods for this to happen.
  • #207
  • Mar 30, 2007 4:22am Mar 30, 2007 4:22am
Quoting ChowClown
...you need to wait for the 13ema to cross the 50ema, before entering a short. It might take a couple/few more 4hr periods for this to happen.
ok. thanx for telling me. i think i get to carried away.
  • #208
  • Mar 30, 2007 5:47am Mar 30, 2007 5:47am
Hey Vynner,

Have you placed a trade & stop (by your recommended set up) and have it come back to bite you or at least leave you with a minor loss In GBP/USD? And if so can you guesstimate how often it has happened to you?

Robert DeCuir
  • #209
  • Mar 30, 2007 8:23am Mar 30, 2007 8:23am
I played with adding the EMA 20 Close, and I would enter a trade at the close of the candle upon the first of these crosses: EMA 4 Close crosses EMA 13 Close , then EMA 13 crosses the EMA 20 close OR EMA 4 Close crosses EMA 13 Close , then EMA 13 crosses the EMA 50 close.

By adding the EMA 20 you are able to get in earlier sometimes.

For instance here is a trade:

GBP/USD
Short on 3/29/07 16:00 GMT at 1.9621
At this time the Daily Stoch was less then the signal. ALL of these factors indicate a Short position.

I will exit this trade when either of these occurs first:
1) Stop loss of 50 pips

or

2) 4H Stoch (13,5,5) is greater than the signal at the close of the candle

or

3) on 4H chart, the EMA 4 is equal to or crosses the EMA 13 at the candle close

so far so good.
  • #210
  • Mar 30, 2007 9:07am Mar 30, 2007 9:07am
Here is a short entry EURUSD Entry @ 3/30/07 8:00 GMT @ 1.3320

Attached Image
  • #211
  • Mar 30, 2007 9:35am Mar 30, 2007 9:35am
Quoting coolshades
on the daily chart the slow k was above slow d which is all that is needed...
coolshades ,
you say you have whats called a day job . you should buy yourself a p.d.a
and go to the toilet every 4hrs , for 20 mins, my son .
  • #212
  • Edited 9:40am Mar 30, 2007 9:40am | Edited 9:40am
Quoting mcdonnellc
coolshades ,
you say you have whats called a day job . you should buy yourself a p.d.a
and go to the toilet every 4hrs , for 20 mins, my son .
I have a PPC-6700 with Sprint and have the plan so I can get internet anytime. I recently installed MT4 on it. It is pretty sweet! You can have all the indicators and trade.

What do you suggest during those sleeping hours? I can't see myself waking up every 4 hours.

This strategy is so mechanical I beleive an EA would work. Would an EA work though because we are basing our entry off of two different chart timeframes?
  • #213
  • Mar 30, 2007 9:54am Mar 30, 2007 9:54am
Thanks for the sharing.

Do you use the auto trade for your system? I find it is hard to mornitor the market all the time. Please advise.
  • #214
  • Mar 30, 2007 10:41am Mar 30, 2007 10:41am
ok.....BGP just went sky high
  • #215
  • Mar 30, 2007 10:45am Mar 30, 2007 10:45am
Quoting jeffreytp
Here is a short entry EURUSD Entry @ 3/30/07 8:00 GMT @ 1.3320

Attachment
Looks like according to my rules. I would have been stopped out at 1.3370

-50 PIPS

A long position may be forming. Right now the EMA's confirm, but the daily stoch is pending. Will see what the candle close looks like. Stoch must be > signal to generate a long trade. If this turns into a trade, I am saying now that I do not like it because it is unclear whether the EMA 4 crossed the EMA 20 before the EMA 13 crossed the EMA 20.
  • #216
  • Edited 10:52am Mar 30, 2007 10:50am | Edited 10:52am
Quoting happyliving
ok.....BGP just went sky high
I see this. Not a good thing.

I haven't backtested this (I would need tick data to do so), but I have a hunch this would work in our favor:

Once the trade is entered set a SL -50 (since this is the strategy SL rule) to close all lots, also place a TP + 50 for half the lots. If the SL triggeres first, the trade is over. If the TP triggers first, move the SL to 0 (what you intially entered the trade at). Right now if the TP triggered, you would be up with a locked in 50 pips and no risk on the down side.

Using this MM strategy would have saved us on this GBP trade.
  • #217
  • Mar 30, 2007 11:23am Mar 30, 2007 11:23am
Hello jeff. Have you had any experince with the speed of these PDA phones ? I have a treo 700 and was told it was to slow to place trades with, but that it was fine for charts?
Quoting jeffreytp
I have a PPC-6700 with Sprint and have the plan so I can get internet anytime. I recently installed MT4 on it. It is pretty sweet! You can have all the indicators and trade.

What do you suggest during those sleeping hours? I can't see myself waking up every 4 hours.

This strategy is so mechanical I beleive an EA would work. Would an EA work though because we are basing our entry off of two different chart timeframes?
  • #218
  • Edited 11:33am Mar 30, 2007 11:32am | Edited 11:33am
Quoting George B.
Hello jeff. Have you had any experince with the speed of these PDA phones ? I have a treo 700 and was told it was to slow to place trades with, but that it was fine for charts?
I just placed a few trades in my demo account with IBFX on the PDA and they were filled just as fast/slow as my desktop computer. As long as you're not trading the news, you shouldn't have any issues.
  • #219
  • Apr 2, 2007 4:08am Apr 2, 2007 4:08am
Dear all traders,

Interesting to see people are interested to modify my strategy

We nearly had a trade last Friday.
Well we should be patience enough to wait for it to form

Good luck guys on April, hope we all get good pips in this month too.
I just open my first trade of the month.

i'm long cable.

VyNNeR
  • #220
  • Apr 2, 2007 8:33am Apr 2, 2007 8:33am
dear vynner ,
you say you went long on cable . but the 4 ema didnt cross the 50 ema because it never went under it .is that what you would still call a valid trade ? i see that it has gone sky high anyway . im just trying to get the peramiters of this system precisely correct .and you say that you nearly had a trade last friday . which one was that , was it cable short ?
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