Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

chris

Looking for Position Trading Strategy

Recommended Posts

I currently have a full-time job as an engineer and would like to consider position trading on a longer time frame. I plan on using the daily charts mainly for my analysis. Does anyone know what type of trading strategy I should start studying?

 

I would appreciate any comments and advices. Thanks in advance.

 

Regards,

 

Chris

Share this post


Link to post
Share on other sites
I currently have a full-time job as an engineer and would like to consider position trading on a longer time frame. I plan on using the daily charts mainly for my analysis. Does anyone know what type of trading strategy I should start studying?

 

I would appreciate any comments and advices. Thanks in advance.

 

Regards,

 

Chris

 

I have one that you might be interested in but it's for stock market indices, not Forex. The rule is enter a long position whenever a stock market index closes at least 10% lower than the highest closing price in the previous 20 days and hold that position for 120 trading days.

Share this post


Link to post
Share on other sites
I have one that you might be interested in but it's for stock market indices, not Forex. The rule is enter a long position whenever a stock market index closes at least 10% lower than the highest closing price in the previous 20 days and hold that position for 120 trading days.

 

Hi Davidee

With what stop???

Regards

bobc

Share this post


Link to post
Share on other sites
I currently have a full-time job as an engineer and would like to consider position trading on a longer time frame. I plan on using the daily charts mainly for my analysis. Does anyone know what type of trading strategy I should start studying?

 

I would appreciate any comments and advices. Thanks in advance.

 

Regards,

 

Chris

 

All my charts are EOD only: http://www.traderslaboratory.com/forums/technical-analysis/10720-relative-strength-resources-glossary.html

Share this post


Link to post
Share on other sites
I currently have a full-time job as an engineer and would like to consider position trading on a longer time frame. I plan on using the daily charts mainly for my analysis. Does anyone know what type of trading strategy I should start studying?

 

I would appreciate any comments and advices. Thanks in advance.

 

Regards,

 

Chris

Hi Chris

Go and buy this book

Schwager on Futures by Jack Schwager (the same guy who wrote Market Wizards)

He teaches a simple longer term trading method ...... using the failed breakout of a flag / pennet

And there are 200 examples

regards

bobc

 

ps What have you been doing since you joined in 2006?

Share this post


Link to post
Share on other sites
I currently have a full-time job as an engineer and would like to consider position trading on a longer time frame. I plan on using the daily charts mainly for my analysis. Does anyone know what type of trading strategy I should start studying?

 

I would appreciate any comments and advices. Thanks in advance.

 

Regards,

 

Chris

 

Depends a lot on some specific factors:

 

1. Equities, futures, forex?

2. Amount of captial?

3. Risk tolerance?

 

If you have at least $100,000, you can look into some trendfollowing systems on futures/forex. Seemingly simplistic systems like MA crossovers can make a lot of money over time, if you are diversified and can handle drawdowns. If you have less capital, you can trade ETFs and/or forex (Oanda allows trade sizes as low as $1.)

 

Books that were helpful to me:

Market Wizards, by Jack Schwager

Trade your Way to Financial Freedom, by Van Tharp

Way of the Turtle, by Curtis Faith

 

These books should get you started.

Share this post


Link to post
Share on other sites
Hi Davidee

With what stop???

Regards

bobc

 

Well it looks like they removed the link so you can't read it...

 

There is no stop loss, and you should not use leverage either.

 

I believe trades need to be taken out manually in the even of a 1987 or 2008 'black swan' but other than that stop losses will degrade the performance of any trading system by typically getting you out at a worse price than you otherwise could have.

Share this post


Link to post
Share on other sites

I AM BACK.

 

been a while guys. sorry about that. family, non-trading obligations, etc. but we can get into that later.

 

the strategy depends on what you can trade (capital), time commitment and what you are comfortable with.

 

i personally have a long term ETF position (always in the market), a midterm stock position (25 stocks max), and a short term FX position.

 

Choose your poison and i will point you, not spoon feed you the way. The reason I say point, is everyone is different

Share this post


Link to post
Share on other sites

Forex position trading strategy is a simple technique to increase your position size without increasing your risk. This trading strategy is particularly effective with mini lots and with averaging into a position also it works equally efficiently for standard lots. More info can be found here: ezinearticles.com/?How-to-Start-Forex-Position-Trading&id=757117

Share this post


Link to post
Share on other sites

A trend following approach could work for you if you have sufficient capital. Successful trend following funds nowadays tend to be incredibly well diversified and have a far more sophisticated trading model than many would lead you to believe: if you've got that kind of cash then I would suggest that you might be better simply placing your capital with a trend following fund with a long track record of decent returns. A good place to start looking would be Micheal Covel's book on trend following.

 

Another option you could consider is 'swing trading' - operating in that vague and nebulous space between the cool-handed position traders and the hyper-active day traders. Swing traders typically make decisions from daily charts and put their orders in on the close. They often hold positions for less than a week. There are many strategies based around trading pullbacks in trends that can work well that you could investigate.

 

Your number one rule needs to be this though: decide clearly what your goal is and then find the best way to achieve it. If your goal is to make the best returns on your capital and placing your money with a fund seems the best way to do it, then don't be seduced by the 'glamour' of trading.

 

Hope that's helpful.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • In Italy, I saw many of our brothers from different parts of Africa, sleeping and living in the park, the weather was very cold and its obvious that they were looked down upon. It made me want to cry and several questions overwhelmed my heart.   Is it not better to remain in Africa than to be homeless in this freezing cold weather?   I wish I have all the money in the world to rescue them...   Is this the reason why our skin color is looked down upon?   Do our government officials see this sight when they also travel outside of the country...does it hurt them or pain them like it pained me? By Frank Abah, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • ELV Elevance Health stock, watch for an upside gap breakout at https://stockconsultant.com/?ELV
    • ORLY OReilly Automotive stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?ORLY
    • Date: 28th March 2025.   Market Selloff Deepens as Tariff Concerns Weigh on Investors     Global stock markets extended their losing streak for a third day as concerns over looming US tariffs and an escalating trade war dampened investor sentiment. The flight to safety saw gold prices surge to a record high, underscoring growing risk aversion. Stock Selloff Intensifies The MSCI World Index recorded its longest losing streak in a month, while Asian equities saw their sharpest decline since late February. US and European stock futures also signalled potential weakness, while cryptocurrency markets retreated and bond yields edged lower. Investors are scaling back their exposure ahead of President Donald Trump’s expected announcement of ‘reciprocal tariffs’ on April 2. His latest move to impose a 25% levy on all foreign-made automobiles has sparked fresh concerns over inflation and economic growth, prompting traders to reassess their strategies. Investor Strategies Shift Market experts are adjusting their portfolios in anticipation of heightened volatility. ‘It’s impossible to predict Trump’s next move,’ said Xin-Yao Ng of Aberdeen Investments. ‘Our focus is on companies that are less vulnerable to tariff policies while taking advantage of market dips to find value opportunities.’ Yield Curve Signals Economic Concerns In the bond market, the spread between 30-year and 5-year US Treasury yields widened to its highest level since early 2022. Investors are bracing for potential Federal Reserve rate cuts if economic growth slows further. Long-term Treasury yields hit a one-month peak as inflation risks tied to tariffs spurred demand for higher-yielding assets. Boston Fed President Susan Collins noted that while tariffs may contribute to short-term price increases, their long-term effects remain uncertain. Gold Hits Record High as Safe-Haven Demand Rises Amid market turbulence, gold prices soared 0.7% on Friday, reaching an all-time high of $3,077.60 per ounce. Major banks have raised their price targets for the precious metal, with Goldman Sachs now forecasting gold to hit $3,300 per ounce by year-end. Looking Ahead As investors digest economic data showing US growth acceleration in Q4, attention will turn to Friday’s release of the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred inflation measure. This data will be critical in shaping expectations for future Fed policy moves. With markets on edge and trade tensions escalating, investors will closely monitor upcoming developments, particularly Trump’s tariff announcement next week, which could further dictate market direction.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Crypto hype is everywhere since it also making new riches as well, i however trade crypto little as compared to other forex trading pairs.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.