Originally Posted by
;
Dear all traders,
I have been asked in a few chat rooms what egy do I use for swing trades.
Hence I decided to share this egy of mine to anyone who is interested.
Average 300-400 pips a month.
Things you need:
1) Daily Chart on GBP/USD
two) 4 hours Chart on GBP/USD
3) Slow Stochatics (13,5,5) on both charts
4) EMA 4, EMA13, EMA50 on the 4 hours chart
Look at 4 hours chart
Entry:
When the EMA4 first cross the EMA50 follow by EMA13 cross the EMA50, using a new open candle, then place your entry using a stop loss of 50pips.
Exit :
When EMA4 undo and cross the EMA13 on the next open candle.
They call this the NoBrainersTrade but I have modified a few things and put in in a excellent filter base on the daily charts with slow stochastics.
For Filter look at Daily chart
Valid Long Entry:
Slow %K above Slow %D to the Daily Chart
Valid Short Entry:
Slow %D above Slow %K on the Daily Chart
Very simple method but yet powerful.
It works on other pairs too but I found that this work on GBP/USD.
VyNNeR