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The postion trader is a trader who generally holds their postions for several months to maybe even a couple of years.

Because of this the position trader is more than likely to use daily, weekly and even monthly charts when doing the required technical analysis.

Technical analysis is required even when holding a position for a long time, the same principals of technical analysis still hold, but the signals obtained from longer term charts tend to be more reliable than intra day charts.

Position traders will also may close attention to a number of moving averages to help them make thie trading decisions. These will be the 50, 100 and 200 day simple moving average, these averages are important because they are used by a lot of big trading companies, mutual funds and hedge funds.

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