Great GBP/USD Strategy for Swing Trades
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Great GBP/USD Strategy for Swing Trades
Dear all traders,
I have been asked in a few chat rooms what strategy do i use for swing trades.
Therefore i decided to share this strategy of mine to anyone who is interested.
Average 300-400 pips a month.
Things you need:
1) Daily Chart on GBP/USD
2) 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, with a new open candle, place your entry with a stop loss of 50pips.
Exit :
When EMA4 reverse and cross the EMA13 on the next open candle.
They call this the NoBrainersTrade but i have modified a few things and add in a really good filter base on the daily charts with slow stochastics.
For Filter look at Daily chart
Valid Long Entry:
Slow %K above Slow %D on 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 this work best on GBP/USD
can u help me do EA