Another FX Traders Point of View

Until I can add a feature that shows a unique identity for a poster without requiring registration, I am posting a message from an unknown forex trader.  It’s very interesting to hear comments and trading strategies.  I hope the poster doesn’t mind…

"Comparative USD$ long positioning has yet to reach levels which historically attract contrarian trades. The CoT figures, plotted and viewed as a chart are quite revealing … viz, shorts. 
 
I use a basic chart without chart studies bar MA’s and fib’s. I prefer a 180 min chart to the dealer 240 min, holding positrons for days and even weeks. I follow price action, I completely understand trend, I hold tight on a tree shake and build positions gradually. I’m always aware to the reasons I took the trade in the first place but alert to change. These are my (not so technical) technicals ;) 
 
I carry trade most of the time so I tend to look to the high yielders - NZD-AUD-USD-GBP/JPY - although I do take the occasional day trade through a sub account when it’s choppy (not for the faint hearted). "

Since reading this, I’ve actually started looking at the 3 hour charts and really like what I see.  There isn’t major price action as in hourly charts and there isn’t minimal movement as with daily charts. 

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