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Vote Here! What Trading Style Do You Prefer

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  • Opened Apr 12, 2011 | Never Closes | 168 Votes
  • Poll Results
What Type Of Trader Are You, See Defintion In Post
Trend Trader 71 Votes 42.26%
Range Trader 28 Votes 16.67%
News Trader 14 Votes 8.33%
Scalping Trader 41 Votes 24.40%
Day Trader 61 Votes 36.31%
Swing Trader 50 Votes 29.76%
Carry Trader 14 Votes 8.33%
Position Trader 22 Votes 13.10%
Discretionary Trader 48 Votes 28.57%
Automated Trader 16 Votes 9.52%
  • Post# 1
  • Quote
  • First Post: Apr 12, 2011 12:02pm
  • PoundTrader
    Joined Sep 2010 | 3,442 Posts | Status: Money Never Sleep
Trend Trading:

A style of trading that attempts to profit from riding short, medium or long term trends in price.

Range Trading:

A style of trading that attempts to profit from buying and selling currencies between a lower level of support and an upper level of resistance. The upper level of resistance and the lower level of support defines the range. The range forms a price channel where the price can be seen to oscillate between the two levels of support and resistance.

News Trading:

A style of trading whereby a trader attempts to profit from fundamental news announcements on a country's economy that may affect the value of a currency, usually seeking short term profit immediately after the announcement is released.

Scalping:

A style of trading that involves frequent trading seeking small gains over a very short period of time. Trades can last from seconds to minutes.

Day Trading:

A style of trading that involves multiple trades on an intra-day basis. Trades can last from minutes to hours.

Swing Trading:

A style of trading that involves seeking to profit from short to medium term swings in trend. Trades can last from hours to days.

Carry Trading:

A style of trading whereby the trader attempts to profit from holding a currency with a higher rate of interest and selling a currency with a lower rate of interest, profiting from the daily interest rate differential of the position.

Position Trading:

A style of trading that involves taking a longer term position that reflects a longer term outlook. Trades can last from weeks to months.

Discretionary Trading:

A style of trading that uses human judgement and decision making in every trade.

Automated Trading:

A style of trading that involves neither human decision making nor involvement, but uses a pre-programmed strategy based on technical or fundamental analysis to automatically execute trades via an automated software programme.
  • Post# 2
  • Quote
  • Apr 12, 2011 12:05pm
  • gspajon
    Joined Jan 2007 | 389 Posts | Status: Failure creates discipline
Swing trading within an established trend, using discretionary method for entering and exiting.
  • Post# 3
  • Quote
  • Apr 12, 2011 12:10pm
  • PoundTrader
    Joined Sep 2010 | 3,442 Posts | Status: Money Never Sleep
You Can Vote More Then One Trading Style.
  • Post# 4
  • Quote
  • Apr 12, 2011 12:34pm
  • PoundTrader
    Joined Sep 2010 | 3,442 Posts | Status: Money Never Sleep
Trend Trading, Swing Trading, Range Trading, Position Trading And Day Trading will be around forever the other trading styles comes and go.
  • Post# 5
  • Quote
  • Apr 12, 2011 1:13pm
  • PoundTrader
    Joined Sep 2010 | 3,442 Posts | Status: Money Never Sleep
anybody doing carry trades these days
  • Post# 6
  • Quote
  • Apr 12, 2011 1:44pm
  • capitalist88
    Joined Oct 2006 | 905 Posts | Status: Math Geek in Training
Quoting PoundTrader
anybody doing carry trades these days
Yep. Using the USD as a funding currency.
  • Post# 7
  • Quote
  • Apr 12, 2011 1:56pm | Edited at 2:06pm
  • spot
    Joined Jul 2008 | 40 Posts | Status: Speculator
I am. Tho, doing it with tight sl. (usually 30 pips fixed, might widen when volatility is high.) So, trying to identify a nation with strong economy and hawkish outlook + high interest rate and combine it with country which economy is opposite and low interest rate. When this is done, i will buy dips using tl, candlestick, fib, etc. tools i have in my toolbox. Entries based mostly on 1h chart, and using "oh shit" scenario tps. (Meaning that i am usually setting my tp above current price by some 300 pips or so.) This is only because i do not want to miss that beautiful pinbar when it happens on direction which is beneficial to me.

So, if nothing special happens, i will just trace those trades that survived in daily chart, or wait for shift in economy outlook. Usually my r/r is way above 1/10 + interest that has been collected along the way. That being said, allso my hitrate is far below 50/50 meaning i will collect quite a few of those trades that will hit my 30 pips sl. Just have to live with it and move on as this happens. I am allso quite eager to move sl to b/e when price has moved away from my entry by wave or two in hourly chart.
  • Post# 8
  • Quote
  • Apr 12, 2011 2:44pm
  • PoundTrader
    Joined Sep 2010 | 3,442 Posts | Status: Money Never Sleep
i see carry trades are a live and well
  • Post# 9
  • Quote
  • Apr 12, 2011 2:52pm
  • PoundTrader
    Joined Sep 2010 | 3,442 Posts | Status: Money Never Sleep
look like trend trading is very big at the moment
  • Post# 10
  • Quote
  • Apr 12, 2011 3:16pm
  • PoundTrader
    Joined Sep 2010 | 3,442 Posts | Status: Money Never Sleep
vote for your trading style
  • Post# 11
  • Quote
  • Apr 12, 2011 10:59pm
  • PoundTrader
    Joined Sep 2010 | 3,442 Posts | Status: Money Never Sleep
most position traders go thru large drawdowns and there trades can takes month or even years to develop
  • Post# 12
  • Quote
  • Apr 13, 2011 12:59am
  • eraptheman
    Joined Sep 2009 | 168 Posts | Status: Member
Quoting PoundTrader
anybody doing carry trades these days

I have carry trades and no TP and SL
  • Post# 13
  • Quote
  • Apr 13, 2011 3:50am
  • PoundTrader
    Joined Sep 2010 | 3,442 Posts | Status: Money Never Sleep
Quoting eraptheman
I have carry trades and no TP and SL
you carry trade with no t/p
  • Post# 14
  • Quote
  • Apr 13, 2011 4:15am
  • eraptheman
    Joined Sep 2009 | 168 Posts | Status: Member
Quoting PoundTrader
you carry trade with no t/p
scratch the TP
  • Post# 15
  • Quote
  • Apr 13, 2011 4:34am
  • PoundTrader
    Joined Sep 2010 | 3,442 Posts | Status: Money Never Sleep
Quoting eraptheman
scratch the TP
  • Post# 16
  • Quote
  • Apr 13, 2011 1:09pm
  • 2+2=4ex
    Joined Mar 2009 | 5,284 Posts | Status: It is what it is
More than one or all of the above would be discretionary trader.
Top-Forex-Systems. com
  • Post# 17
  • Quote
  • Apr 13, 2011 1:13pm
  • fxmoneyz
    Infractions Overload | 21 Posts | Joined Mar 2011
my vote go to swing trading
  • Post# 18
  • Quote
  • Apr 13, 2011 3:48pm
  • PoundTrader
    Joined Sep 2010 | 3,442 Posts | Status: Money Never Sleep
Trend Trading:

A style of trading that attempts to profit from riding short, medium or long term trends in price.

Range Trading:

A style of trading that attempts to profit from buying and selling currencies between a lower level of support and an upper level of resistance. The upper level of resistance and the lower level of support defines the range. The range forms a price channel where the price can be seen to oscillate between the two levels of support and resistance.

News Trading:

A style of trading whereby a trader attempts to profit from fundamental news announcements on a country's economy that may affect the value of a currency, usually seeking short term profit immediately after the announcement is released.

Scalping:

A style of trading that involves frequent trading seeking small gains over a very short period of time. Trades can last from seconds to minutes.

Day Trading:

A style of trading that involves multiple trades on an intra-day basis. Trades can last from minutes to hours.

Swing Trading:

A style of trading that involves seeking to profit from short to medium term swings in trend. Trades can last from hours to days.

Carry Trading:

A style of trading whereby the trader attempts to profit from holding a currency with a higher rate of interest and selling a currency with a lower rate of interest, profiting from the daily interest rate differential of the position.

Position Trading:

A style of trading that involves taking a longer term position that reflects a longer term outlook. Trades can last from weeks to months.

Discretionary Trading:

A style of trading that uses human judgement and decision making in every trade.

Automated Trading:

A style of trading that involves neither human decision making nor involvement, but uses a pre-programmed strategy based on technical or fundamental analysis to automatically execute trades via an automated software programme.
  • Post# 19
  • Quote
  • Apr 13, 2011 5:44pm
  • Trankuility
    Joined Apr 2010 | 105 Posts | Status: Member
I scalp with the trend.

Which makes me a scalper, trend trader, and discretionary.

The trifecta!

I win the prize??
  • Post# 20
  • Quote
  • Apr 14, 2011 4:20am
  • Breza
    Joined Apr 2011 | 26 Posts | Status: Member
My options are missing,
correlation
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