What Is Your Favourite Trading Strategy ..??

[spunkyblonde]

HI I like tradeing uptrend 3 day reversals .. and downtrand reversals both 3 day and 5 day (dead cat bounces ) i agree not a popular trade .. But good % gain .. when entry/exit are correct .. i would be very intersted in what other traders see as there favourite type of trade ... cheers .. sally ..

 

[FetteredChinos]

trading like a large fund - multiple positions buying low and selling high (counter trend) and being able to take a loss when required.

that is what works for me. its slow going, but we're getting there.

 

[spunkyblonde]

thanks fetteredchinos for your reply .. i agree being able to take a loss ..and not be upset .. im asumeing by that u mean a disiplined stop loss... cheers ..sally ..

 

[G-Man]

My preference at the moment is for range breakouts on daily, hourly and shorter timeframes.

Great in strongly trending markets, rubbish for choppy action. If anyone has a cure for this I'd be glad to hear it.

G-Man

 

[FetteredChinos]

no problem.

the way i trade is usually without stops. (well apart from catastrophe stops 500 points away)

since i go counter trend, accumulating positions, i just have to wait for an exit.

eg i wait for exit criteria to be met based on a simple daily pattern. if this exit comes when in profit, then bingo bango, if it occurs when the move has gone further than expected against me, and yet i still get an exit signal, then ive got to take it.

since i have multiple postions on at the same time, the move against me is sometimes lessened by an opposing position being closed for a profit.

its all a bit confusing, and requires a fair bit of excel to monitor all the trades i have entered, and this is just on the FTSE. not sure i could cope with several intsruments, unless i go automated, i guess.

FC

 

[spunkyblonde]

My preference at the moment is for range breakouts on daily, hourly and shorter timeframes.

Great in strongly trending markets, rubbish for choppy action. If anyone has a cure for this I'd be glad to hear it.

G-Man

THANKS GMAN ..for your reply .. do you stay in short time frames .. at the moment .er no overnight positions im asumeing.....is that ..because of .. the direction of the major indicies ..??//..cherrs ..sally..

 

[spunkyblonde]

thanks 4 the reply fetteredchinos ..with so many different positions in ftse ... that would have another advantage of a smaller money amount and risk in each of those many positions ....i can see a tactical /emotional advantage in that process rather than 1 or 2 big positions .. cheers ...sally..

 

[Racer]

Favourite... going short! Cos I am a bull

 

[spunkyblonde]

thanks racer 4 the reply .. i wonder myself if going short is becomeing more popular now with the rise in popularity of cfd's cheers sally

 

[Racer]

Shorting is a good way of keeping an open mind, I often go long or short the same share... or index. That way you don't get fixed into thinking it will always go up (or down!)

 

[FetteredChinos]

racer, thats similar to my method...

essentially trying to remain relatively neutral on entry, and focussing more on exit.

less stressful, in my opinion.

 

[Racer]

Yes as long as you get the direction right... or reverse when you shouldn't LOL!

 

[FetteredChinos]

reminds me of my car insurance claim....

 

[spunkyblonde]

thanks racer .. that must give u a great balance ...tradeing like that .. very flexible to either direction ...kool i like it ...

 

[spunkyblonde]

lol fetteredchinos ..it does sound a bit like insurance

 

[cs99rrf]

Favourite... going short! Cos I am a bull

LOL

 

[cs99rrf]

racer, thats similar to my method...

essentially trying to remain relatively neutral on entry, and focussing more on exit.

less stressful, in my opinion.

Does that mean you are looking at price action on the exit ?

 

[cs99rrf]

Does that mean you are looking at price action on the exit ?

Sorry, I mean't price action on entry ??

 

[Racer]

Yes going short is good.. makes you feel good as a bull if the share is going down LOL
But seriously, I tend to trade better short.. you are more aware of the upside if you are a bull!

 

[FetteredChinos]

yup. i only look at price on entry and exit.

we are trading price arent we? we're not trading indicators. we buy and sell the market, not the indicators.

so all i do is look at the recent market action, ascertain whether relatively overbough/oversold in the short term and trade accordingly. then exit when these conditions have worked their way off. i suppose it is a variation of mean-reversioning but with scaled-in entry and exit points. its a very fluid method, and suits my languid personality. im not bothered about having to pick a direction and stick with it. just enter and exit in a smooth fashion.

im no fan of indicators, indeed, they may explain my car insurance problem.