17# Pips Swing fx strategy Trading System

Swing fx Strategy

Submit by Maximo Trader 29/05/2012

 

Weekly Chart with the 13, 26 and 52 MA, MACD (12,26,9), and Stochastic 5,3,3.

Daily chart with 10, 49, 89 and 144 MA, Pips weekly pivot and GRBB indicator.

 

Long Entry

1) Both the weekly and daily chart must indicate the same major up trend.

2) The current pips weekly pivot must act as a support.

3) The GBRR indicator must indicate a bullish (tick green) momentum.

4) Enter on the third GRBB bullish bar by using the previous day's high as the price for a buy stop order.

5)During the first week of the trade, the recommended stop loss is placed atr 50-890 pips below the )price, while the initial target profit is 500 pips above the entry price. (For GBP/USD and EUR/JPY, the initial target profit is 500 pips.)

6)The stop los and the protective stop orders are remain there until the beginning of the second week.

Short Entry

1) Both the weekly and daily chart must indicate the same major down trend.

2) The current pips weekly pivot must act as a resistance.

3) The GBRR indicator must indicate a bearish momentum.


4) Enter on the third GRBB bearish bar by using the previous day's low as the price for a buy stop order.

5)During the first week of the trade, the recommended stop loss is placed atr 50-890 pips abowe the price, while the initial target profit is 500 pips above the entry price. (For GBP/USD and EUR/JPY, the initial target profit is 500 pips.)

6)The stop los and the protective stop orders are remain there until the beginning of the second week.

Pips Swing FX Strategy

Pips Swing FX Strategy
Trading System :Pips Swing FX Strategy based on weekly pivot and momentum.
Templates.rar
compressed file archive 4.6 KB

Write a comment

Comments: 0

Pivot Poins forex Strategies

9# Pivot Strategy - Forex Strategies - Forex Resources - Forex ...

136# 1 min Scalping with Pivot Points (IX) - Forex Strategies - 

10# Pivot Intraday - Forex Strategies - Forex Resources - Forex ...

Pivot Points - Forex Strategies - Forex Resources - Forex Trading ...

40# MACD, RSI, 50 Ema and Pivot Points - Forex Strategies - 

6# Pivot and RSI Divergence - Forex Strategies - Forex Resources

3 Metatrader Daily Pivot and Cam Pivot - Forex Strategies - Forex ...

13# Fibopivot Channel Strategy - Forex Strategies - Forex ...

14# Pivots Levels, Ema Channel and MACD - Forex Strategies ...

17# Pips Swing fx strategy - Forex Strategies - Forex Resources

16# Trade Forex using Pivot Points - Forex Strategies - Forex ...

4 Metatrader Fib Pivot, Floor Pivot, Dyn Pivot - Forex Strategies ...

2# Trading with the Camarilla Equation - Forex Strategies - Forex ...

Tools - Forex Strategies - Forex Resources - Forex Trading-free ...

5# Pivot System - Forex Strategies - Forex Resources - Forex ...

15# Pivot Point Method - Forex Strategies - Forex Resources - 

1# Camarilla Equation - Forex Strategies - Forex Resources - 

149# Pivots Strategy - Forex Strategies - Forex Resources - 

5 Metatrader Pimspit pivots and others - Forex Strategies - Forex ...

pivot points trading in trend