Medium-term directional trading

Medium-term positions are typically held for periods ranging
anywhere from a few minutes to a few hours, but usually not
much longer than a day. Just as with short-term trading, the
key distinction for medium-term trading is not the length
of time the position is open, but the amount of pips you’re
seeking/risking.
Where short-term trading looks to profit from the routine
noise of minor price fluctuations, almost without regard for
the overall direction of the market, medium-term trading
seeks to get the overall direction right and profit from more
significant currency rate moves.

Almost as many currency speculators fall into the medium-
term category (sometimes referred to as momentum trading
and swing trading) as fall into the short-term trading category.
Medium-term trading requires many of the same skills as
short-term trading, especially when it comes to entering/
exiting positions, but it also demands a broader perspective,
greater analytical effort, and a lot more patience.