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Great GBP/USD Strategy for Swing Trades

  • #301
  • Apr 8, 2007 8:59pm Apr 8, 2007 8:59pm
With the markets closed tomorrow for Easter (NY/London) do you think the short set up (13 crossing the 50) is a valid signal on the pound?
  • #302
  • Apr 8, 2007 9:05pm Apr 8, 2007 9:05pm
Quoting Choopyaz
Interesting...I have a little widget on my desktop that says London doesn't open until 1am (MDT) on the 10th
Oooo, that is what the FF calendar says. Oughta read these things (doh!).

If I'd known they were closed I wouldn't have taken the trade.
  • #303
  • Apr 8, 2007 9:21pm Apr 8, 2007 9:21pm
Dear all traders,

We have a short signal 2 hours ago.
Sell @ 1.9644
Stop @ 1.9694 (Please add your spread if necessary)

I see some of you are worried about the oversold stochs on the 4 hours chart. For me i'm just sticking to my rules, trading is still trading.
Sometimes we win sometimes we lose. The idea is to get consistent positive pips in the long run.

Let's hope this is another good trade.

VyNNeR
  • #304
  • Edited 9:37pm Apr 8, 2007 9:24pm | Edited 9:37pm
I still don't have a cross of the 13 and the 50.

Dear all traders,

Quote
We have a short signal 2 hours ago.
Sell @ 1.9644
Stop @ 1.9694 (Please add your spread if necessary)

I see some of you are worried about the oversold stochs on the 4 hours chart. For me i'm just sticking to my rules, trading is still trading.
Sometimes we win sometimes we lose. The idea is to get consistent positive pips in the long run.

Let's hope this is another good trade.

VyNNeR,
How do you handle the market being closed tomorrow after a weekend? Is it ok to enter now knowing there will probably be little movement until London opens on the 10th?
  • #305
  • Apr 8, 2007 9:38pm Apr 8, 2007 9:38pm
I see some of you are worried about the oversold stochs on the 4 hours chart. For me i'm just sticking to my rules, trading is still trading.
Sometimes we win sometimes we lose. The idea is to get consistent positive pips in the long run.

Actually, we were looking at two different trading strategies and as things are setting up they may both be working out. Yours signaled earlier, but the one I was looking at is still developing. Interesting that both might pay off yet.
Illegitimi Non Carborundum
  • #306
  • Apr 8, 2007 9:55pm Apr 8, 2007 9:55pm
Quoting VyNNeR
We have a short signal 2 hours ago.
Hello All!

I'm just getting my trade signal now (approx. 02:45 GMT)
generated by the VyNNer Swing Trade Indicator.
It looks to be working excellent.

THANKS AGAIN, BLUERUBY!

Is it lagging?

The Pip Surf's Up!
FXS
  • #307
  • Apr 8, 2007 10:20pm Apr 8, 2007 10:20pm
Quoting FXSurfer
Hello All!

I'm just getting my trade signal now (approx. 02:45 GMT)
generated by the VyNNer Swing Trade Indicator.
It looks to be working excellent.

THANKS AGAIN, BLUERUBY!

Is it lagging?

The Pip Surf's Up!
FXS
some of Mt4 platform opening 1 or 2 hours late such as my demo account which only crossed 1H ago but the other one crossed about 4-6hs early
  • #308
  • Apr 8, 2007 10:24pm Apr 8, 2007 10:24pm
we still dont have cross of 13/50 right ? on my interbank chart 13/50 are just touching eachother
  • #309
  • Apr 8, 2007 10:48pm Apr 8, 2007 10:48pm
Quoting peterdxb
we still dont have cross of 13/50 right ? on my interbank chart 13/50 are just touching eachother

i think we had it
  • #310
  • Apr 8, 2007 10:52pm Apr 8, 2007 10:52pm
then only Interbank doesnt have cross i think yet.

Quoting peterdxb
we still dont have cross of 13/50 right ? on my interbank chart 13/50 are just touching eachother
  • #311
  • Apr 9, 2007 2:20am Apr 9, 2007 2:20am
In my point of view....
we have short on cable

The 13 has already cross the 50
I'm taking this trade also

hope this one is a good signal
cuz the daily stoch is still confirming

Let see then
Every moment in the market is unique
  • #312
  • Apr 9, 2007 3:21am Apr 9, 2007 3:21am
ok finally, SHORT opened on GBP/USD @ 1.9638 at 8:00GMT
  • #313
  • Apr 9, 2007 3:50am Apr 9, 2007 3:50am
Quoting peterdxb
ok finally, SHORT opened on GBP/USD @ 1.9638 at 8:00GMT
how many pip your TP? if SL 50 pip,

thanks

maja
  • #314
  • Apr 9, 2007 4:21am Apr 9, 2007 4:21am
no fixed tp, will trail it


Quoting majapahit
how many pip your TP? if SL 50 pip,

thanks

maja
  • #315
  • Apr 9, 2007 8:17am Apr 9, 2007 8:17am
Keep to the rule and you will never regret
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #316
  • Apr 9, 2007 8:35am Apr 9, 2007 8:35am
No fixed Tp here either. Will wait to either be stopped out OR will be out once the 4 and 13 cross up. I like the way this trade set up since we will again be in a good set up once it flips and starts going north.

Some potential ponits of interest however, would be 9570 (.382) and 9497 (.50). Fibs drawn from 3/4 low to 4/3 high.
  • #317
  • Apr 9, 2007 8:41am Apr 9, 2007 8:41am
yeah....that might be a good idea and I really doubt that fixed TPs are a good idea BTW, it's just a lot easier.

Quoting bugscoe
No fixed Tp here either. Will wait to either be stopped out OR will be out once the 4 and 13 cross up. I like the way this trade set up since we will again be in a good set up once it flips and starts going north.

Some potential ponits of interest however, would be 9570 (.382) and 9497 (.50). Fibs drawn from 3/4 low to 4/3 high.
  • #318
  • Apr 9, 2007 8:55am Apr 9, 2007 8:55am
Quoting majapahit
how many pip your TP? if SL 50 pip,

thanks

maja
Well as for me....
I enter with 3 lot

1st lot TP 50
2nd lot TP 100
and the third i let it run until it run out of steam

and I'll trail the SL also

I dunno wether this is a good strategy or not

love feedback anyway
Every moment in the market is unique
  • #319
  • Edited 11:18am Apr 9, 2007 11:04am | Edited 11:18am
Quoting FXSurfer
Hello All!

It looks to be working excellent.

THANKS AGAIN, BLUERUBY!
FXS
You're welcome. I'm happy to contribute what I can, for now. Someday maybe I'll be the guru helping all these frustrated newbies to become profitable, I hope.

Anyway, previous versions of the indicator will FILL a person's email. I don't use email alerts so I wasn't really considering the possibilities fully.

This one will send one email per bar. So, on a 4-hr chart, 1 per 4 hours. It will also only play the sound once per bar. So, take note. If the Pre-setup and Entry signals occur on the same bar, you'll only get one email. Attaching to a different TF chart will not affect the calculations and signals, only the frequency of emails/sound.

It will give a popup alert every 5 minutes.

It has three alerts now.

The Pre-alert is for the 4 / 50 crossing w/daily stoch crossed in agreement.
The Entry alert is if pre-alert is true AND the 13 crossed the 50.
Once entry alert is true, then it looks for the 4 / 13 cross in the other direction as an Exit signal.

Each of the three has its own switch in user inputs. If you're having no problem sitting at the tube keeping an eye on it, and the alert boxes are driving you nuts, turn off that alert.

If you find a bug, let me know.

Where's that EA that somone programmed?
Attached File(s)
File Type: mq4 VyNNeR Swing v1.2.mq4   6 KB | 680 downloads
  • #320
  • Apr 9, 2007 11:09am Apr 9, 2007 11:09am
+43 pips on this one since I caught the cross last night @ 1.9650 and Shorted!!! Too bad its on demo... Any similar results???
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