Far away from the maddening crowd- longer term forex trading ideas

[Reaver]

I noticed that a bunch of TL is geared towards the shorter time frame, mostly day trading. I figured that I would attempt to offer some insight into some longer term ideas.

Not sure if James would want to make a sub forum so I can keep this separate from the other techniques, or just mix it all up-which is fine.

Even if you are mostly into day trading, you may find these ideas helpful in starting up longer time frame trades for your account. (And to be honest-these ideas will work in any time frame- I just happen to have used them in longer term trades.)

I have a few ideas that have been found to be most rewarding for me and I'd be more than happy to share the basic concepts with anyone interested. Stay tuned....

[cooter]

So you're talking about swing or position trading, right? Holding positions overnight to several days, if not weeks at a time?

[walterw]

Great Reaver ¡¡¡ I will stay tuned ¡¡ and I know that any inputs here will be usefull for any time frame... cheers Walter.

[Reaver]

	Quote:	cooter
	So you're talking about swing or position trading, right? Holding positions overnight to several days, if not weeks at a time?

Yes that is correct-since long term is completely relative...I am talking about mostly using daily charts for trading decisions.

[notouch]

Basic moving average strategies on the hourly and 4 hourly charts and basic candlestick strategies on the daily charts work great for swing trading forex. You have to be patient though. I look forward to hearing your ideas Reaver.

[Reaver]

Thanks Walter and notouch. I'll start tonight when I get home.

Yeah you're right notouch, alot of the stuff is basic MAs/candles, etc, but hey that's what good trading is all about. I mentioned to walter on another thread that my stuff is so boring I almost didn't want to post it. ha ha

[walterw]

	Quote:	Reaver
	Thanks Walter and notouch. I'll start tonight when I get home. Yeah you're right notouch, alot of the stuff is basic MAs/candles, etc, but hey that's what good trading is all about. I mentioned to walter on another thread that my stuff is so boring I almost didn't want to post it. ha ha

Millonaires are normally bored traders but excited people ¡¡

[Reaver]

You said it man. I much prefer to be bored while trading- and make up for it with spending my money on vacation! I am heading down to Universal Studios next week with my wife, thanks to a couple good trades. Maybe not the smartest of financial moves, but we never went on a honeymoon and I guess I kinda owe it to her, courtesy of USD/JPY and GBP/USD!

[walterw]

	Quote:	Reaver
	You said it man. I much prefer to be bored while trading- and make up for it with spending my money on vacation! I am heading down to Universal Studios next week with my wife, thanks to a couple good trades. Maybe not the smartest of financial moves, but we never went on a honeymoon and I guess I kinda owe it to her, courtesy of USD/JPY and GBP/USD!

Well Nate, then you deserve it ¡¡¡ so enjoy it ¡¡ happy for you

[Reaver]

Oh yeah, heh heh just to clarify- I am definitely not a millionaire! LOL