Anybody have a good long term trading strategy? | Forex Factory

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Anybody have a good long term trading strategy?

  • #1
  • First Post: Apr 24, 2015 4:07pm Apr 24, 2015 4:07pm
Been trading short term ready to learn something long term to get more pips and let trades run longer
  • #2
  • Apr 24, 2015 5:33pm Apr 24, 2015 5:33pm
Do a Google search for Oxford Smash Day.
You'll find a daily system that has been thoroughly tested and is profitable- and FREE.
  • #3
  • Apr 24, 2015 8:02pm Apr 24, 2015 8:02pm
Time traveler system

Inserted Video
Learn to like losses
  • #4
  • May 2, 2015 4:56pm May 2, 2015 4:56pm
The principles stay exactly the same no matter the time frame. You just have to make decisions a hell of a lot faster on the faster TFs.
There's always money in the banana stand.
  • #5
  • May 2, 2015 11:03pm May 2, 2015 11:03pm
Quoting LizardGizzard
The principles stay exactly the same no matter the time frame. You just have to make decisions a hell of a lot faster on the faster TFs.
Not true at all. Intra-day trading is a whole different game from swing trading or long term trading. Unless by principles you mean stuff like let profits run and cut losses short etc.
Build good relationships with others.
  • #6
  • May 4, 2015 9:28am May 4, 2015 9:28am
Quoting shellsnail
{quote} Not true at all. Intra-day trading is a whole different game from swing trading or long term trading. Unless by principles you mean stuff like let profits run and cut losses short etc.
Oh, its true. A principle is just a fundamental concept, right?. They stay exactly the same because the laws of trading don't magically morph in to some other weird dimension when jumping from one time frame to another. Thusly, if you can't profitably trade a 5 minute chart, then you won't be able to profitably trade a daily chart. The difference is that it will take you a lot longer to go broke on a daily chart just due to how long it takes the trades to play out.

I think that maybe when you say "Intra-day trading is a whole different game from swing trading", you are comparing scalping to swing trading. That is quite true, and I agree.
There's always money in the banana stand.
  • #7
  • May 4, 2015 9:45am May 4, 2015 9:45am
Quoting LizardGizzard
{quote} Oh, its true. A principle is just a fundamental concept, right?. They stay exactly the same because the laws of trading don't magically morph in to some other weird dimension when jumping from one time frame to another. Thusly, if you can't profitably trade a 5 minute chart, then you won't be able to profitably trade a daily chart. The difference is that it will take you a lot longer to go broke on a daily chart just due to how long it takes the trades to play out. I think that maybe when you say "Intra-day trading is a whole different game...
No I'm not talking about scalping. Unless you consider trades with 60 pip TP to be a scalp...
Build good relationships with others.
  • #8
  • May 4, 2015 1:01pm May 4, 2015 1:01pm
Amateurs think in number of pips, professionals always in dynamic SL and TP.
Money moves the market, not an indicator.
  • #9
  • May 4, 2015 5:09pm May 4, 2015 5:09pm
Quoting billbss
Do a Google search for Oxford Smash Day. You'll find a daily system that has been thoroughly tested and is profitable- and FREE.
Billbss did you actually tried it yourself?
what is your personal impression?
  • #10
  • May 4, 2015 9:06pm May 4, 2015 9:06pm
One of the best.

http://www.forexfactory.com/showthread.php?t=245149
Enter Signature
  • #11
  • May 4, 2015 9:52pm May 4, 2015 9:52pm
I have tried both, long and short term trading and that I am having bigger problems on the daily timeframe since I am more tempted to screw up my trades by reacting to ever single pip movement.

I bookmarked the PipsEasy thread. Looks very interesting at first glance. thx
  • #12
  • May 5, 2015 5:40pm May 5, 2015 5:40pm
Best long term strategy is to STAY AWAY FROM FOREX.

That simple TIP, will save you a lot of money.

Of course people who waste their hard earned money in FOREX are plain stupid, and won't listen to this advice. Thus, they will go and lose their money in this gambling scheme.

At least they cannot blame anyone, but themselves for not listening to this advice.

You cannot pretend to make money in a gambling system, for the simple fact that you cannot predict the future.
The Black Swan: The Impact of the Highly Improbable
  • #13
  • May 5, 2015 6:15pm May 5, 2015 6:15pm
Quoting MapleLeaf
Best long term strategy is to STAY AWAY FROM FOREX. That simple TIP, will save you a lot of money. Of course people who waste their hard earned money in FOREX are plain stupid, and won't listen to this advice. Thus, they will go and lose their money in this gambling scheme. At least they cannot blame anyone, but themselves for not listening to this advice. You cannot pretend to make money in a gambling system, for the simple fact that you cannot predict the future.
So why are you on here
  • #14
  • May 6, 2015 1:42am May 6, 2015 1:42am
Quoting Shai1122
Been trading short term ready to learn something long term to get more pips and let trades run longer
Carry trading ? No?
Be careful with exposing your money to market risk for so long time.
  • #15
  • May 6, 2015 11:51am May 6, 2015 11:51am
Quoting billbss
Do a Google search for Oxford Smash Day. You'll find a daily system that has been thoroughly tested and is profitable- and FREE.
thank you for the information, really interesting!
  • #16
  • May 7, 2015 2:55am May 7, 2015 2:55am
there are some pretty interesting strategies here, ill have to check em out, thanks for sharing.
  • #17
  • May 7, 2015 9:40am May 7, 2015 9:40am
I'm currently working on a long term trading system based on pair trading. Backtesting is promising so far.
  • #18
  • May 8, 2015 1:07am May 8, 2015 1:07am
Point and Figure on daily charts is worth looking into
kill the noise
  • #19
  • May 8, 2015 9:19am May 8, 2015 9:19am
This can help grasp some basics between short, medium to long term trading.

http://www.investopedia.com/articles.../05/060205.asp
  • #20
  • May 8, 2015 10:29am May 8, 2015 10:29am
Look for two currencies with central bank divergences: one which is increasing rates or looking to, and one which is decreasing. Buy the currency which is increasing rates, and sell the currency which is decreasing rates. This is WHY the markets move the way that they do. Good luck.
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