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Introduction
The GBP.IDX also known as the UK100 is an index that tracks the best 100 performing stocks from the London Stock Exchange. The GBR.IDX is one of the ways a person can trade UK stocks without buying a single at once. The GBP.IDX is my most preferred trading index because it forms a trend that lasts more than 6 days, with a nice trading strategy you can make more than 90% of the trades.In this article i will describe a method i have found profitable over my 6months of trading the index.
The Strategy
This Strategy is aimed for day traders and scalpers. It takes note of the overbought and oversold regions to give you an early warning of the trend. The strategy involves four parts.
1.Spotting the Trend
Open the GBP.IDX 30minutes chart and identify the high highs and lower lows
CHART 1: GBP.IDX 30 MIN chart showing lower lows and lower highs in a downtrend
2. Filter the trend
  • Switch to a five minute frame
  • Go to the indicators and add the 200 EMA
  • In a downtrend the price is below the 200 EMA

3. Finding trading Opportunities
  • Switch to a five minute frame
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k_morocco avatar
k_morocco 26 Oct.

Hello, very good article
i like very much your use of stochstic for spoting the end of the correction , and the use of ma 200 to spot the trend

good luck

mqdwt avatar
mqdwt 28 Oct.

good job

Bidza avatar
Bidza 28 Oct.

Great insight in this article.

mcquak avatar
mcquak 28 Oct.

trend trading is always the best, thanks for the article

Alexander22 avatar

very good

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41/58
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INTRODUCTION
The London Stock Exchange is one of the largest in the world with over 3000 companies listed from around the world. The GBR.IDX/GBP also known as the UK100 aims at tracking the 100 best top performing companies on the London Stock Exchange.
1. Identifying the Trend
  • Open a GBR.IDX/GBP 30 minutes chart
  • Identify the higher highs or lower lows.
  • This is important for identifying the bullish or bearish bias
GBR.IDX/GBP 30MIN CHART SHOWING A BEARISH TREND
2. Filtering the trend
  • Switch the chart to a 5 minutes time frame
  • Add the 200 period Exponential Moving Average(EMA) by selecting it from the indicators
  • This is effective for filtering the trend and the EMA spots directional shifts in the market can be used as a level of support and resistance.
  • Only take bearish trades when the price is in a downtrend and below the EMA or bullish trades when the price is above the EMA and is in an uptrend
GBR.IDX/GBP 5 MIN CHART3. Finding trading Opportunities
  • Add the Stochastic from the indicators
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FXRabbit avatar
FXRabbit 15 Sep.

Well written!

sonjatrader avatar

Thanks for sharing :)

klizthiac avatar
klizthiac 16 Sep.

Very good work

s_amira avatar
s_amira 17 Sep.

Well done!

TInna avatar
TInna 22 Sep.

отлично!

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