Great GBP/USD Strategy for Swing Trades
Dear all traders,
I have been asked in some chat rooms what strategies should be used for swing trading.
Therefore, I decided to share this strategy of mine with anyone who is interested.
The average is 300-400 points per month.
What you need:
1) GBP/USD daily chart
2) GBP/USD 4-hour chart
3) Slow Stochastic on two charts (13,5,5)
4) EMA 4, EMA13, EMA50 on the 4-hour chart
See 4-hour chart entries:
When EMA4 first crosses EMA50 and then EMA13 crosses EMA50 and a new opening candle appears, set your entry point as a stop loss of 50 pips.
quit:
When EMA4 reverses and crosses EMA13 on the next opening candle.
They call it NoBrainersTrade, but I modified a few things and added a really good filter base on a daily chart with slow stochastics.
For filters, see Daily Chart Valid Long Entry:
Slow %K is higher than slow %D on daily chart
Valid short entries:
Slow %D is higher than slow %K on daily chart
Very simple method but powerful.
It works with other currency pairs as well, but I find it works best with GBP/USD.
Venier
I have been asked in some chat rooms what strategies should be used for swing trading.
Therefore, I decided to share this strategy of mine with anyone who is interested.
The average is 300-400 points per month.
What you need:
1) GBP/USD daily chart
2) GBP/USD 4-hour chart
3) Slow Stochastic on two charts (13,5,5)
4) EMA 4, EMA13, EMA50 on the 4-hour chart
See 4-hour chart entries:
When EMA4 first crosses EMA50 and then EMA13 crosses EMA50 and a new opening candle appears, set your entry point as a stop loss of 50 pips.
quit:
When EMA4 reverses and crosses EMA13 on the next opening candle.
They call it NoBrainersTrade, but I modified a few things and added a really good filter base on a daily chart with slow stochastics.
For filters, see Daily Chart Valid Long Entry:
Slow %K is higher than slow %D on daily chart
Valid short entries:
Slow %D is higher than slow %K on daily chart
Very simple method but powerful.
It works with other currency pairs as well, but I find it works best with GBP/USD.
Venier


















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