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Great GBP/USD Strategy for Swing Trades

  • #341
  • Apr 9, 2007 10:41pm Apr 9, 2007 10:41pm
Quoting Robert DeCuir
If you would look back into the thread, someone ( I don't remember who) suggested that you might consider exiting when the 4 hour stocs cross and wait to see if they cross back over (and re-enter the trade in the original direction) AND verify that the daily stocs are still going into the direction of the trade. I would highly suggest going back to look for a clarification on the above .

THIS IS NOT WHAT VYNNER RECOMMENDS.
Robert DeCuir
Here's the post:

http://www.forexfactory.com/showpost...&postcount=143

I Have to do more back testing of this strategy to reconfirm the rules. Hoepfully this will be accomplished this week and I can post the results.
  • #342
  • Apr 9, 2007 11:25pm Apr 9, 2007 11:25pm
Vyn, just found out this strategy and looking forward to monitoring this system to get a feel of it. Look like even stop loss at 9700 round number had been swept away in early asian season. Are you still holding short position?
  • #343
  • Apr 10, 2007 12:48am Apr 10, 2007 12:48am
So what's our next step with this strategy? I am assuming everyone's SL was hit for this last trade setup. is there any re-entering rules or do we simply wait for the next signals to set up?
  • #344
  • Apr 10, 2007 1:21am Apr 10, 2007 1:21am
I think we should wait for the next valid signal am i rite ??

I don't think we're going to have long on cable rite away.....
even if the 4 and 13 cross the 50 to the north
cuz the 4h stoch and the daily stoch are not line up (well i kinda borrow this method from TEB63, to see wether the 4h and daily are going in the same direction)

or is it possible to set the trade when the daily stoch is not confirming ??

anyway...
i took first lot TP + 40 pips
and 2 lot BE

better to wait and see
Every moment in the market is unique
  • #345
  • Apr 10, 2007 1:25am Apr 10, 2007 1:25am
Quoting lkwd2000
So what's our next step with this strategy? I am assuming everyone's SL was hit for this last trade setup. is there any re-entering rules or do we simply wait for the next signals to set up?
well, i found this thread over the weekend, backtested it (papertrades), and familiarised myself with it. i would say, wait for next signals.
game of patience. fewer trades, but great results.

i papertraded this strategy from sept through to yesterday .. i had over 2000 pips as my result from 24 trades. 17 wins, 7 losses...
  • #346
  • Apr 10, 2007 2:44am Apr 10, 2007 2:44am
Quoting ryanmel
well, i found this thread over the weekend, backtested it (papertrades), and familiarised myself with it. i would say, wait for next signals.
game of patience. fewer trades, but great results.

i papertraded this strategy from sept through to yesterday .. i had over 2000 pips as my result from 24 trades. 17 wins, 7 losses...
Can someone or you explain how to papertrade? I use metatrader
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #347
  • Apr 10, 2007 3:06am Apr 10, 2007 3:06am
papertrading is: you take historical data - your charts - and test how the strategy would have worked. You can also try on a demo account, that's what gives your even more realistic results.
  • #348
  • Apr 10, 2007 3:34am Apr 10, 2007 3:34am
my meaning is that i put the charts up.. scroll back as far is it will take me, then get pen and paper out.. then you log each trade as you go through the charts.
as tradeigel says, demo trading is even better as you have to make your decision right then and there. with paper trading people might see the good trend coming and think "hmmm, the signal isn't quite there, but i'll go long anyway".. this obviously falsifies results.
i have not done this with mine, i try and be honest with myself and keep it mechanical.

speaking of which, i tried it out on EUR/JPY, not as good results over the same period.. the daily stoch was keeping it out of big moves. because each pair is different, i changed the stoch to 20,5,5 and it had near identical trades to the original, but an additional 4 trades which gave an extra 400 pips or so. this is another trap too... don't try and fit indicators to what you want. i only changed the stoch as to smooth it out to see the results.

again, demo it and see how it REALLY goes.
  • #349
  • Apr 10, 2007 5:27am Apr 10, 2007 5:27am
looks like a bullish signal has arrive back....hope this time the setup is correct..get prepared everybuddy
  • #350
  • Apr 10, 2007 6:45am Apr 10, 2007 6:45am
Quoting joelabu
looks like a bullish signal has arrive back....hope this time the setup is correct..get prepared everybuddy

there is no bullish signal yet . remember the daily stoch , well it is still pointing down . so at the mo , we are in no mans land .
  • #351
  • Apr 10, 2007 8:27am Apr 10, 2007 8:27am
Quoting mcdonnellc
there is no bullish signal yet . remember the daily stoch , well it is still pointing down . so at the mo , we are in no mans land .
yeah saw that the stoch has no uptrend yet... just waiting for that filter...hope it does goes up
  • #352
  • Apr 10, 2007 8:32am Apr 10, 2007 8:32am
Yes, you have to be patient with this one. From averages that have been posted here, you are only getting about 4 trades per month. But at 3% per trade, that can amount to about 18% per month on your balance. I don't need to remind you what kind of compounding that can do to your account.
Life is too short to have anything but delusional notions about yourself.
  • #353
  • Apr 10, 2007 10:29am Apr 10, 2007 10:29am
Hey Hoss...

I like the way you stick to the rules
It reminds me that discipline is in fact the most powerful tool in trading

also $ mgt
Every moment in the market is unique
  • #354
  • Apr 10, 2007 1:08pm Apr 10, 2007 1:08pm
Agreed. This system will also keep you from over-trading which can be an account killer.

Quoting andimozza
Hey Hoss...

I like the way you stick to the rules
It reminds me that discipline is in fact the most powerful tool in trading

also $ mgt
Life is too short to have anything but delusional notions about yourself.
  • #355
  • Apr 10, 2007 1:46pm Apr 10, 2007 1:46pm

hii hoss

this is my firest time in this forms......
so could u review this stratege ... in points
1...
2...

& need how many trades in a month....
thanks for ur help

  • #356
  • Apr 10, 2007 1:55pm Apr 10, 2007 1:55pm
It's all laid out in post #1. I can't lay it out any simpler than that. You're looking at about 3-4 trades per month on average according to some of the statistics people have posted on this thread.

Quoting elmiligi

hii hoss



this is my firest time in this forms......
so could u review this stratege ... in points
1...
2...


& need how many trades in a month....
thanks for ur help

Life is too short to have anything but delusional notions about yourself.
  • #357
  • Apr 10, 2007 2:01pm Apr 10, 2007 2:01pm

thank u for ur help....

  • #358
  • Apr 10, 2007 2:06pm Apr 10, 2007 2:06pm

it look a good deal .......

  • #359
  • Apr 10, 2007 2:17pm Apr 10, 2007 2:17pm
Quoting hoss
It's all laid out in post #1. I can't lay it out any simpler than that. You're looking at about 3-4 trades per month on average according to some of the statistics people have posted on this thread.

Dear hoss,

I appreciate the way you remind all fellow traders to stick to the rules.
No doubt without the filter, we might get some interesting trades and pips but with my experience, i would rather trade less and trade quality signals.
In this senario i would hope that cable would give us another short signal soon. Hopefully a sharper angle this time.

VyNNeR
  • #360
  • Apr 10, 2007 3:44pm Apr 10, 2007 3:44pm
Can anyone confirm that a new short signal might be forming soon?? both 4 and 13 have crossed up over the 50ema, but price action shows down. Waiting for 4 and 13 to cross back down. Daily stoch still shows down, and 4hr stoch starting to reach a peak. Any thoughts?
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