Great GBP/USD Strategy for Swing Trades
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Thread: Great GBP/USD Strategy for Swing Trades

  1. #1
    Dear all traders,

    I have been asked in a couple of chat rooms what egy do I use for swing trades.

    Hence I decided to share this egy of mine to anyone who's interested.

    Typical 300-400 pips per month.

    Things you need:
    1) Daily Chart on GBP/USD
    2) 4 hours Chart on GBP/USD
    3) Slow Stochatics (13,5,5) on charts
    4) EMA 4, EMA13, EMA50 on the four hours chart

    Look at 4 hours chart
    Entrance:
    once the EMA4 first cross the EMA50 follow by EMA13 cross the EMA50, with a new open candle, then place your entry with a stop loss of 50pips.
    Exit :
    When EMA4 undo and cross the EMA13 on the Upcoming open candle.

    They call this the NoBrainersTrade but I have altered a couple of things and add in a excellent filter base on the daily charts with slow stochastics.

    For Filter look at Daily chart
    Valid Long Entrance:
    Slow %K over Slow %D on the Daily Chart
    Valid Short Entry:
    Slow %D over Slow %K on the Daily Chart

    Very easy method but yet powerful.
    It operates on other pairs too but I discovered that this work on GBP/USD.

  2. #2
    Took some time, but ultimately the 4 and 13 EMA's crossed the 50EMA. .
    I finish the day with 235 pips running..oh man this is wonderful. . Does anybody else here are having fun with this system?
    Oh for ppl that have doubts about tryin' another currencies pair. . Ive used this method on AUD/USD, im not certain if its does function but as much as I tried I didnt get any alarm that was false . When someone here tried this system and oh whether you had some trade, I would like to know. .


  3. #3
    Place this up real quick on a 4hr/40 day....seems like a very strong method. Does the filter perform a job that is decent to keep you out of markets in your own experience? I will do some backtesting as well.

    Thanks for sharing...

  4. #4
    Looks great on the two charts.

    Thanks and Lots of pips!

  5. #5
    Tx for sharing this, I put up this and looks like we may find a. Am I correct?

    http://img2.freeimagehosting.net/uploads/56c911f9e7.jpg

  6. #6
    Quote 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
    Neat system

    Have not backtested it, but looks simple to work. Is it that you have the stoch on 4 hr chart? Can't see where you use it

  7. #7
    Quote Originally Posted by ;
    Tx for sharing this, I set this up and seems like we might find a SHORT-GDP on another candle. Am I right?

    Http://img2.freeimagehosting.net/uploads/56c911f9e7.jpg
    I saw this too and opened a position in the opening of the candle that does appear shortly after the crossing of the EMAs, and currently am up. Although the price could muster at the double zero I'm unsure if I should take profit or continue as per this system.

  8. #8
    Hi fellow traders,

    Thank you for your interest in this swing trade system.
    I was somewhat busy just now trading my sweet little cable.
    Caught 27 50 50 = 127 pips today.

    I will try to answer some questions here today.

  9. #9
    Quote Originally Posted by ;
    Place this up real fast on a 4hr/40 afternoon....seems just like a very strong method. Does the filter perform a job to keep you out of sideways markets on your own experience? I'll do some backtesting too.

    Thanks for sharing...
    Dear learningtheropes,

    I have been using this swing commerce setup live since June 2006.
    I just kept track the pips gain for 4 weeks and I stopped keeping track of it after that because im very sure this is a profitable system.

    June2006
    GBP/USD 202pips

    July 2006
    GBP/USD 169pips

    Aug 2006
    GBP/USD 389pips

    Sep 2006
    GBP/USD 306pips

    The Daily Chart Stochastics can really filter those bad trades during sideway market.

    I'm currently using this method as my swing transactions and other procedure for short term transactions and I am acumulating avg 600-1000 pips a month only on cable.

  10. #10
    Quote Originally Posted by ;
    Tx for sharing this, I set up this and seems like we might get a SHORT-GDP on the next candle. Am I correct?

    Http://img2.freeimagehosting.net/uploads/56c911f9e7.jpg
    Dear FX618,

    Yes that is a valid short so long as the PKS crosses on the daily chart when following candle opens.

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