Profits with this system typically occur during the Tuesday afternoon to Friday time frame unless you adopt the immediate entry such as used with the daily scalping system. This system will teach you patience... Happy Trading, Tkimble

Part Time Wealth Building Trading System - Weekly Scalping

This is the pair that I am currently trading...

Part Time Wealth Building Trading System - Weekly Scalping

There was a post earlier in this thread that offered the idea of skipping the 100 point straddle when using the weekly scalping system. This is something that I do with the daily scalping system and was thinking about altering for some time. This ...

Part Time Wealth Building Trading System - Weekly Scalping

No stop outs yet. This would be a great week for a clean weekly profit... Tkimble

Part Time Wealth Building Trading System - Weekly Scalping

I trade the daily and weekly on the same pair. Otherwise, you loose the hedging affect. Does not matter what market, but both must be in same market. Happy Trading, Tkimble

Part Time Wealth Building Trading System - Daily Scalping

Currently Long - Avoid Trader Freeze... — Currently long the GBP/JPY at 238.26. Split positions. One weekly and one daily. Again, the purpose is to compliment one another. Glad to see so many great ideas. Just be careful of "Trader Freeze" ...

Part Time Wealth Building Trading System - Weekly Scalping

Well said. I concur. This is why the daily scalping system was developed. You do stand a better chance of profiting within the 100 PIP straddle if you choose a direction from the opening bell. I was only doing this with the daily system but will ...

Part Time Wealth Building Trading System - Weekly Scalping

No. Stop loss is static, not trailing. Follow the previous days market action. If the previous day was up, go long, if the previous days action was down, go short. Reverse when you get three consecutive days of up or down price action... Tkimble

Part Time Wealth Building Trading System - Daily Scalping

Same lot size which is dictated by the Money Management spreadsheet. Tkimble

Part Time Wealth Building Trading System - Weekly Scalping

Tough week in cable but was a very good week so far with the GBP/JPY. Have been exposed to upwards of 500 - 600 PIPS. Also, start using both the daily and weekly system in tandem. They were both designed to compliment each other. The daily system ...

Part Time Wealth Building Trading System - Weekly Scalping

The eight hour dimension is nothing more than a replication of the daily scalping system only using an 8 hour bar chart. Just brain storming. I have not incorporated the 8 hour model into the weekly and daily complimentary systems. Quite frankly, ...

Part Time Wealth Building Trading System - Daily Scalping

You nailed on the head. The weekly and daily systems were designed to compliment each other and your description is exactly why. It certainly super charges the system. Now if you are real daring, take a look at maybe adding the 8 hour dimension to ...

Part Time Wealth Building Trading System - Daily Scalping

Excellent trading. Now that is sticking with the system. This has been a pretty exciting week for all that have traded hte GBP/JPY pair. I was up over 100 pips on Monday and Tuesday only to see it all disappear and take a short postion which is ...

Part Time Wealth Building Trading System - Weekly Scalping

Quite frankly, since I begain contributing to this forum my time has been somewhat constrained but the effort is worth the price. I enjoy learning and sharing. A little bit about myself. I have expended many years in school (undergrad, grad and post ...

Part Time Wealth Building Trading System - Weekly Scalping

Another great question. I use both the Weekly and Daily scalping systems in tandem. One tends to offset the other. For example, if I have a 200 - 300 PIP profit on the weekly system, I will use the daily system in the same market to take piecemeal ...

Part Time Wealth Building Trading System - Daily Scalping

Sorry. It was on the other Weekly Scalping thread. I have attached to this thread. Tkimble

Part Time Wealth Building Trading System - Daily Scalping

Good question. While the scenario that you have oultined is plausible, it is very unlikely becuase my combined risk capital is almost never greater than 5 %. If I feel like trading more than one market, I will divide my trades into 2% and 3% trade. ...

Part Time Wealth Building Trading System - Daily Scalping

Timezone = EST No Max Number of Stop outs. I am a bit of a free wheeling trader becuase the charts look so attractive. This is the most simplest form of trading for my style... Happy Trading, Tkimble

Part Time Wealth Building Trading System - Weekly Scalping

Equity risked per trade is dictated by the Risk Management Model that I have provided on this thread. When I enter a drawdown, the amount of capital that I risk is completly driven by my Risk Management Model. Risk Management is by far the most ...

Part Time Wealth Building Trading System - Daily Scalping

Well said... Tkimble

Part Time Wealth Building Trading System - Weekly Scalping