What is your trading style (when not trading data) | Forex Factory

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What is your trading style (when not trading data)

  • #1
  • First Post: Sep 2, 2006 4:08pm Sep 2, 2006 4:08pm
I would love to hear how everyone trades when not trading DATA.

How do you do it in the meantime?
Profit is where readiness meets Opportunity
  • #2
  • Sep 2, 2006 5:08pm Sep 2, 2006 5:08pm
Quoting FXopportunist
I would love to hear how everyone trades when not trading DATA.

How do you do it in the meantime?
Huh?
Mr. Trend
  • #3
  • Edited 8:39pm Sep 2, 2006 8:14pm | Edited 8:39pm
Quoting Mr Trend
Huh?
OK Trend, more specific.

Assuming that everyone who data trades is not a one trick pony

I am curious to know what type of traders news trade. We may be all over the place from system trader to swing traders to scalpers. Or, there may be a pattern. A certain type of trader who also news trades. Follow???

I am an intraday guy for the most part who likes to capture the 30 to 40 pip momentum trades. But I also dabble on a much smaller scale in swing trades.

So what is your style when not jumping on a news release???
Profit is where readiness meets Opportunity
  • #4
  • Sep 2, 2006 8:52pm Sep 2, 2006 8:52pm
FXo,

I trade a couple ema systems. Not really crosses though. More retracement based. Kolachi method is a good example but I don't trade that system per say. I also use some GANN analysis to trade.

I must say this about news trading. It has SUBSTANTIALLY helped me discipline all other forms of trading. My achilles heal was overtrading. I would make 20, 30, + and then overtrade it all away.

When I started trading news releases, (I use my own veriation of straddle with my own style of stops and trails) I decided to ONLY trade this way for a period of time. Waiting for a day....or two....or three to make a trade drove me crazy, but it trained me.

News trading....waiting for the release, doing my homework before hand, disciplining the confidence I needed to make money with a fast moving market has actually SLOWED ME DOWN in my other trading.

Now I can be patient, wait for my TA to be the best signal possible, leading to far greater success. And $$.

I will add more as the thread goes on. And by the way I think that THIS is productive, thank you for starting it.


DC
"There is MORE Happiness in giving than receiving"
  • #5
  • Sep 2, 2006 10:01pm Sep 2, 2006 10:01pm
I have my own breakout strategy that I trade. My setups are the same for news and non-news events.
  • #6
  • Sep 2, 2006 10:02pm Sep 2, 2006 10:02pm
Primarily swing trader (3-5 day timeframes) and short term momentum trades...
Mr. Trend
  • #7
  • Sep 3, 2006 1:54am Sep 3, 2006 1:54am
pivot trading
  • #8
  • Sep 3, 2006 7:23am Sep 3, 2006 7:23am
pure news trading
  • #9
  • Sep 3, 2006 2:34pm Sep 3, 2006 2:34pm
Between intraday and swing trading
"Even the word impossible says that I M possible"
  • #10
  • Sep 3, 2006 7:54pm Sep 3, 2006 7:54pm
Coin Trade Strategy on Demo Account.

Toss a Coin:
Heads = Long
Tails = Short
Standing Coin = Hedge
Coin did not drop = Kids got it for Ice Cream

Seriously, I take the time to research for the next news as well as learn TA.
  • #11
  • Sep 3, 2006 7:58pm Sep 3, 2006 7:58pm
Quoting BurgerKing
Coin Trade Strategy on Demo Account.

Toss a Coin:
Heads = Long
Tails = Short
Standing Coin = Hedge
Coin did not drop = Kids got it for Ice Cream

Seriously, I take the time to research for the next news as well as learn TA.


I like your style BK, particularly the hedge strategy. But.....if it lands on it's edge and spins, what do you do then???

LOL

DC
"There is MORE Happiness in giving than receiving"
  • #12
  • Sep 5, 2006 12:21pm Sep 5, 2006 12:21pm
Quoting FXopportunist
So what is your style when not jumping on a news release???
Me, I'm a 20 handicap amateur golfer with a one-plane swing. Between the scorching hot days of August, followed by the remnants of TS Ernesto, my golf days have been limited.

Shopping is good, also church, family time, shopping [did I say that?], dining out, financing new ventures, blah, blah and blah blah blah and of course shopping!!
  • #13
  • Sep 5, 2006 12:32pm Sep 5, 2006 12:32pm
Quoting MoneyMa$ter
Shopping is good,...and of course shopping!!
are you trying to pick up chicks at FF?!?
Relax and be happy.
  • #14
  • Sep 5, 2006 9:33pm Sep 5, 2006 9:33pm
Quoting merlin
are you trying to pick up chicks at FF?!?
"Try? There is no try....either DO or DO NOT!!" Two pips to anyone who knows the author of that quote.
  • #15
  • Sep 5, 2006 9:51pm Sep 5, 2006 9:51pm
sounds like Vince Lombardi?

"If it doesn't matter who wins or loses, then why do they keep score?"

"Success demands singleness of purpose."

"Some of us will do our jobs well and some will not, but we will be judged by only one thing-the result."

"Winning is not a sometime thing: it's an all the time thing. You don't win once in a while; you don't do the right thing once in a while; you do them right all the time. Winning is a habit. Unfortunately, so is losing."

"Winning isn't everything--but wanting to win is."

"It's easy to have faith in yourself and have discipline when you're a winner, when you're number one. What you've got to have is faith and discipline when you're not yet a winner."

"I firmly believe that any man's finest hour, the greatest fulfillment of all that he holds dear, is the moment when he has worked his heart out in a good cause and lies exhausted on the field of battle-victorious."
<!-- #EndEditable -->


Quoting MoneyMa$ter
"Try? There is no try....either DO or DO NOT!!" Two pips to anyone who knows the author of that quote.
Trade what you see - Not what you think
  • #16
  • Sep 5, 2006 10:10pm Sep 5, 2006 10:10pm
Quoting merlin
are you trying to pick up chicks at FF?!?
Maybe he is a chick in a man's avatar

Sorry MM, couldn't resist
  • #17
  • Sep 6, 2006 2:21am Sep 6, 2006 2:21am
Hi MM,

My guess is Yoda
Money grows on the tree of persistence
  • #18
  • Sep 6, 2006 10:43pm Sep 6, 2006 10:43pm
Quoting summitfx
sounds like Vince Lombardi?

"If it doesn't matter who wins or loses, then why do they keep score?"

"Success demands singleness of purpose."

"Some of us will do our jobs well and some will not, but we will be judged by only one thing-the result."

"Winning is not a sometime thing: it's an all the time thing. You don't win once in a while; you don't do the right thing once in a while; you do them right all the time. Winning is a habit. Unfortunately, so is losing."

"Winning isn't everything--but wanting to win is."

"It's easy to have faith in yourself and have discipline when you're a winner, when you're number one. What you've got to have is faith and discipline when you're not yet a winner."

"I firmly believe that any man's finest hour, the greatest fulfillment of all that he holds dear, is the moment when he has worked his heart out in a good cause and lies exhausted on the field of battle-victorious."
<!-- #EndEditable -->

Mmmmmmm????.............. nope!! Good shot though.

Okay, 4 pips for the quote originator. That's the spread.
  • #19
  • Sep 6, 2006 10:49pm Sep 6, 2006 10:49pm
Quoting ozmacca
Hi MM,

My guess is Yoda
May the FORCE (actually a literary license to make palatable the concept of divine Favor, but that's another thread) empower your trading future!!!! Your pips are in snail-mail!! Ask Summitfx how could Lombardi compare with the incomparable Yoda. Just joking, cause Summit's alright by me, on the real tip.
  • #20
  • Sep 6, 2006 10:54pm Sep 6, 2006 10:54pm
Quoting stockwet
Maybe he is a chick in a man's avatar

Sorry MM, couldn't resist
Let me tell you now, stock, he can say something like that, but the rest of youse....forget about it!!

Besides as stock said I'm just irresistable!!!
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