Well, I have thoroughly gone through 2006 taking profit in 160 pip increments. The first half of the year was a huge improvement. The second half, however, bombed out. Where the original system was taking advantage of huge trending gains, the method ...

Part Time Wealth Building Trading System - Weekly Scalping

Actually, how do you get pictures to display within the actual message? Thanks, D.

Trading Naked - Reading Candlesticks and other Price Analysis

Double Tops & Bottoms — Double tops & bottoms are a great reversal indicator. They are comprised of a bounce off of support or resistance, followed by a second bounce - these form two distinct highs or lows on a chart. A double top is a ...

Trading Naked - Reading Candlesticks and other Price Analysis

Hi Ryan, As with any system, this one has it's limitations - hence people trying to minimize the area(s) that they see as a problem. The GBP/JPY had four consecutive months of major losses (over 1000pips over a four month period) with very few ...

Part Time Wealth Building Trading System - Weekly Scalping

Thanks Rick, I look forward to reading it... D.

Steviet's Live Trades!

Hi Rick, What analysis are you doing to decide to add to the the trade? Also, are you using the same timing (end of day close) to increase your position? Thanks, D.

Steviet's Live Trades!

+285 pips this week on GBP/JPY. Slightly modified (took profit @ around 160 and then re-entered)... Hope the trends keep trending! D.

Part Time Wealth Building Trading System - Weekly Scalping

Hi Sanchez, I have been unable to locate a time series forecast indicator for MT4... any ideas where it can be found?? Thanks, D.

Steviet's Live Trades!

Hi Jarcrocker, thanks for sharing your results. The last half of 2006 was extremely positive using this system. If you look at the earlier months - march to about june or july - you will see quite a large drawdown. I'm just trying to make everybody ...

Part Time Wealth Building Trading System - Weekly Scalping

Hi James, I have fully backtested GBP/JPY using the original system. While it showed good profit at the end of the year, it had about 4 months of heavy drawdown. I am testing to see if taking a small profit off the top and than letting it run will ...

Part Time Wealth Building Trading System - Weekly Scalping

Hi Steve, There's a fairly strong divergence in MACD on CHF .. MACD is right at the reversal point as well so I'm pretty sure it will be dropping shortly. I just entered short as well.. let's keep our fingers crossed Derek

Steviet's Live Trades!

Slightly Modified — I am trading this system on the GBP/JPY at the moment. Once I am out of another system's trade, I will be including the GBP/USD as well. I have changed one thing tho. I really do not wish to give up pips. I also am ...

Part Time Wealth Building Trading System - Weekly Scalping

Your buy stops are placed 50 pips above (long) and 50 pips below (short) last week's close (Friday). Your stop-losses on these are placed 30 pips from your entry price. For example: Last Friday close is 1.2050 For Monday open, place buy-stops at ...

Part Time Wealth Building Trading System - Weekly Scalping

Actually a very good reply Steve, thanks! I wasn't really considering the stop-loss risk for the initial entry on pairs that had no apparent direction. I was trying to read as much as possible in the charts and was making my move based on this ...

Steviet's Live Trades!

Hi Steve, Me again! hehehe Do you mind discussing your analysis of the pairs at all? My analysis is differing in JPY... I realize this is supposed to be your trade journal so if you want to stick with that just let me know (and no offense)! I am ...

Steviet's Live Trades!

Aha! Thanks for the post Tkimble!! For some reason I thought you quit for the week after being stopped out twice. This is what I did my backtesting method on - didn't make sense - now it does I'm going to jump in & forward test this one now I ...

Part Time Wealth Building Trading System - Weekly Scalping

Gotcha! Thanks Steve - I'll lay off the questions now hehehe Until I think up another : Take care, Daemien

Steviet's Live Trades!

Another Q — Hey Steve, Another quick question if you don't mind. Are you only moving your stop to 10pips below the latest low if the candle in question went the same way as your trade? eg. You are long & today's candle went down but didn't ...

Steviet's Live Trades!

Hey Steviet, Quick question for you: Are you using any discretion at all in exiting? For instance, your s/l is 50pips away & candles show a reversal of trend. This is confirmed by the next daily but your s/l is still some distance away. Basically if ...

Steviet's Live Trades!