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Trade Style Definitions

EFFECTIVE DATE: 24th June 2019:

I am initially a FUNDAMENTAL TRADER. I have shown you how I communicate my trade set ups and communicate in general with my subscribers.

BUT – what about my trading styles.

I am basically a SWING to POSITION trader, as mentioned, I take a longer-term view on potential moves, this removes the minute by minute “noise” from my daily activity.

I trade with a TRADE PLAN which, covers my approach to entry and exit strategies and it also embraces my TRADE STYLES.

At the moment within my TRADE PLAN I am managing three distinct TRADE STYLES:

  1. POSITION TRADES:

    These are my standard high probability trades based on my longer-term fundamentals. They start as SWING STYLE trades and hopefully progress into POSITION trades.My average STOP with these trades is based on the WEEKLY to MONTHLY to ATR (Average True Range) levels.My LIMIT tends to be based upon previous lows connected to Fibonacci levels or trend line support.

  2. BREXIT (Related) TRADES:

    I initially thought that these trades would be around for about 12 months or so. Three years on and I am still trading the GBP related pairs a special way.My set ups are based on a very long term view, very wide STOPS to cope with any market moving spikes or dips in price and LIMITS are set at my position one goals should there be a BREXIT deal concluded and the GBP then moves back to fair value.I have my profits on these trades limited until a BREXIT deal is completed to 50-150 pips no more. They are more opportunist trades and a feature is that they are mainly under-water trades waiting on RIPS to sell into to exit.

    From a position / trade size they are very small sized trades.

    I was going to stop them earlier this year but I am now so used to letting them sit in a separate broker account I am happy to watch them drift one way then another and take my $$$ when the opportunity arrives.

    What I thought would be a 12 month addition to my TRADE PLAN as a maximum, looks like it could be a 2 to 3 year addition.

  3. CORE POSITION TRADES: 

    Since I started with my subscription service in 2014, I have always been looking to fill a void that no other service provider filled.I am referring to trades that would in the main meet the needs of PART-TIME traders or those traders who can only access their broker screens on a limited basis each day because of working conditions.My CORE POSITION trades are aimed at 3 to 6 month trades. They are small position sized trades with wide stops based on MONTHLY ATR levels. The aim to have multi-positions as the trade gathers traction in my direction.

So, even though I am a FUNDAMENTAL TRADER with a SWING to POSITION STYLE approach I am offering different types of trades for different types of FX traders.

Scott Pickering
The Pip Accumulator
24th June 2019

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    • PROMOTIONS
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    • PERFORMANCE HISTORY
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CORE POSITION, SWING, BREXIT, INVESTOR and POSITION trade set-ups, “Tweets” and “Trade ideas” that are posted in my blogs or on Twitter are trades and set-ups that interest me. They are provided for training and informational purposes only and should not be interpreted as an offer, solicitation or recommendation of any specific security or investment strategy. Past performance is not indicative of future results. Trading Forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial adviser if you have any doubts.

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