Hi,
We have different school of thoughts regarding trading strategies. I am just a tiny trader in front of big named traders.
I am not saying that intra-day trader are failing, some of my friends are great intra-day trader and making hell lot of money. From news trader to technical trader day trader are making money no doubt about it.
What about position trading. Trading which is not intra-day, but, based on daily or weekly. What method, criteria, tools, and emotions should we use to accomplish positive pips while applying position trading? Where stop losses are more then 100 to 150 pips same as profit.
There are various methods available which we can use to implement our position trading strategy. Some are using VWB, Harmonic, PA, Wave count, EW, and so forth.
I will encourage people to think in long term instead of short term or daily basis. Try to calm your emotions and based on best and contain money management we can be wealthy every month after piling something in our accounts.
I need comments and ideas how my fellow traders think about position trading, and encourage posting their position trades here, however, I will post them mine but I will reveal my method after couple of months. This is going to be trading ideas based on long term prospective.

1.
N/U:
short @0.6476
SL 0.6585
SL PIPS 107 (APPROX)
A/c Bal : 5000
Risk: 5% of 5000 (Mean $ 500)
Lot open for $500
Target open.
2.
G/C
short @ 2.3342
SL 2.3460
SL PIPS 120 (Approx)
A/c bal : 5000
Risk: 5% fo 5000 (Mean $ 500)
Lot open for $ 500
Target open

Bye

i will try it in demo account

Great.
bye,
SFX

If today close is above .6520 then i will close this position.
It is almost +70 right now.

bye

3.
U/C
short @ 1.2319
SL 1.2403
SL PIPS 70 (Approx)
A/c bal : 5000
Risk: 5% fo 5000 (Mean $ 750)
Lots open for $ 750 (if open)
Target open
BYE

btw 5% of 5000 are 250 and not 500

I am sorry i had two positions therefore i wrote the wroung figures. Thank you very much for your correction. Greatly appreciated. Like if i have two 5% positions it's going to be 250 after opening up the new trade it is going to be 750. Thank you.

Closing number 2nd trade G/C due to its reversal at 26+. It went upto +100. My 1st trade is still open and cancelling 3rd one never triger.
bye
SFX

I have some more trading ideas. I will make sure this time to close half of my position with handsome amount of pips and left half to enjoy the swing.
Risk and return matter should be key here. Right now my 5000 equity is more then that as i close one of my position G/C with some profit but still for R/R function i will leave 5000 as base. Right now it is going to be more then 20% risk of my equity, however, i don't know how many position will open. So minimum i am looking at 10% total risk. Still my one position is open.
Bye,
SFX

Attached Images

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