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Great GBP/USD Strategy for Swing Trades

  • #281
  • Apr 8, 2007 6:18pm Apr 8, 2007 6:18pm
Here is my chart.

Quoting zamakhtar
Can you post a pic of your chart? Thanks.
Attached Image
Life is too short to have anything but delusional notions about yourself.
  • #282
  • Apr 8, 2007 6:48pm Apr 8, 2007 6:48pm
Quoting hoss
Here is my chart.
Odd your chart seems very different from mine. My chart has two more bars than yours after that big down movement on April 6th, and is already showing April 9th.
  • #283
  • Apr 8, 2007 6:51pm Apr 8, 2007 6:51pm
What a setup! Short @1.9650... Anyone else in on this bad boy?
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.jpg Size: 88 KB
  • #284
  • Apr 8, 2007 7:05pm Apr 8, 2007 7:05pm
can anyone tell me how to set up the settings EMA4,13,50 on the chart. I'm very new and don't have a clue...thx.
  • #285
  • Apr 8, 2007 7:12pm Apr 8, 2007 7:12pm
Quoting starlucky9009
can anyone tell me how to set up the settings EMA4,13,50 on the chart. I'm very new and don't have a clue...thx.
Are you on Metatrader?
If you are then go to Insert -> Indicators -> Trend -> Moving Average
Under MA method select Exponential and then under Period put in the number. Do this for each EMA, and there is the option to change the color as well.
  • #286
  • Apr 8, 2007 7:27pm Apr 8, 2007 7:27pm
So whose shorting the pound right now?
  • #287
  • Apr 8, 2007 7:31pm Apr 8, 2007 7:31pm
Quoting El Nacho
What a setup! Short @1.9650... Anyone else in on this bad boy?
I'm short. Not crazy about going against the trend, now that I look at it.

But, on 3/2 it set up like this and was good for 300 pips in 3 days, so, I'll ride it out.
  • #288
  • Apr 8, 2007 7:34pm Apr 8, 2007 7:34pm
stochs are all over sold and trend is up. Looks to go north in th near term to me
Illegitimi Non Carborundum
  • #289
  • Apr 8, 2007 7:46pm Apr 8, 2007 7:46pm
Hey Everyone,

I have VT Trader and it shows not only a crossing at the end of the previous candle, but I am in as of the start of the current candle we are all starring at.
Funny how so many different systems don't really coincide at a mutual point. I wish you all the best on the first trade of April.
The last trade recommendation by Vynner netted me 100 pips.
Robert DeCuir
  • #290
  • Apr 8, 2007 7:52pm Apr 8, 2007 7:52pm
Quoting Choopyaz
stochs are all over sold and trend is up. Looks to go north in th near term to me
Stochs are heading that way, but not there yet. Until they bottom and turn up, they're not saying "long" to me. (Been studying SpudFyre all weekend).

What TF are you looking at to see an uptrend?
  • #291
  • Apr 8, 2007 7:53pm Apr 8, 2007 7:53pm
Quoting Robert DeCuir
Hey Everyone,

I have VT Trader and it shows not only a crossing at the end of the previous candle, but I am in as of the start of the current candle we are all starring at.
Funny how so many different systems don't really coincide at a mutual point. I wish you all the best on the first trade of April.
The last trade recommendation by Vynner netted me 100 pips.
Robert DeCuir
Hi Robert,

What's VT Trader?
  • #292
  • Apr 8, 2007 7:58pm Apr 8, 2007 7:58pm
Same as you, apparently. Been following Spud thread since the begining and studying his system all weekend, too. 15, 30, hr and 4 hour are, or were below 20 when I posted. 15 started to turn but leveled out again. I'm not ready to trade long either, but wouldn't be short right now unless I was riding an old position looking to squeeze a few more pips out. But, being Sunday all bets are off...this could go aywhere
Illegitimi Non Carborundum
  • #293
  • Apr 8, 2007 8:03pm Apr 8, 2007 8:03pm
Quoting Choopyaz
Same as you, apparently. Been following Spud thread since the begining and studying his system all weekend, too. 15, 30, hr and 4 hour are, or were below 20 when I posted. 15 started to turn but leveled out again. I'm not ready to trade long either, but wouldn't be short right now unless I was riding an old position looking to squeeze a few more pips out. But, being Sunday all bets are off...this could go aywhere
OK, so then remember, these stochs could flatten down under 20 and stay there while price goes south a long way farther. Spud says they have to all be turned and heading your way to take a trade. That's all I'll say about the other system here, it's a short term system, VyNNeR is a swing system.
  • #294
  • Apr 8, 2007 8:04pm Apr 8, 2007 8:04pm
Question? I'm fairly new at this and have a question regarding market hours. With the holiday who is and isn't open? I know Tokyo is open npw and NY will be open tomorrow, but is London closed tonight and if so are there smaller markets that keep the trading open?
Illegitimi Non Carborundum
  • #295
  • Apr 8, 2007 8:10pm Apr 8, 2007 8:10pm
Quoting Choopyaz
Question? I'm fairly new at this and have a question regarding market hours. With the holiday who is and isn't open? I know Tokyo is open npw and NY will be open tomorrow, but is London closed tonight and if so are there smaller markets that keep the trading open?
Good question. I had to think about it a second. It's already tomorrow in London, so they'll open Monday morning as usual, about 3 EST.
  • #296
  • Apr 8, 2007 8:13pm Apr 8, 2007 8:13pm
Interesting...I have a little widget on my desktop that says London doesn't open until 1am (MDT) on the 10th
Illegitimi Non Carborundum
  • #297
  • Apr 8, 2007 8:18pm Apr 8, 2007 8:18pm
Blueruby, looking at those stochs now? whattaya think?
Illegitimi Non Carborundum
  • #298
  • Apr 8, 2007 8:26pm Apr 8, 2007 8:26pm
Quoting blueruby
Hi Robert,

What's VT Trader?

Hi Blueruby,

I go thru Capital Market Services for a broker and the platform offered is called "Visual Trading". I don't know how common it is compared to Metatrader.

Currently I am up eleven ticks.

Robert DeCuir
  • #299
  • Apr 8, 2007 8:50pm Apr 8, 2007 8:50pm
Quoting El Nacho
What a setup! Short @1.9650... Anyone else in on this bad boy?
I am in
  • #300
  • Apr 8, 2007 8:59pm Apr 8, 2007 8:59pm
Quoting Choopyaz
Blueruby, looking at those stochs now? whattaya think?
4 hr still going down. This is a swing trade, we're not concerned if it goes against us 30 pips in the next hour or two.

Note that Spud's method is usually short term - hours or less, and he sometimes takes 4 - 7 pips profit. Different game.

Although you could try to use it to get a better entry for the GU short , that does complicate things, mixing two systems.
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