Early Losses Results In Later Gains — Another characteristic of this system is that the beginning of the week is typically choppy and generates losses. These losses are generally recovered towards the end of the Tuesday trading day whereby a ...

Part Time Wealth Building Trading System - Weekly Scalping

GBP/JPY Experience — I have been trading the GBP/JPY market with a modified version of this system for the last three weeks. As luck would have it, the last three weeks have been very profitable. I have made an adjustment which works very well ...

Part Time Wealth Building Trading System - Weekly Scalping

Should Now Be Short at 1.9606 GBP/USD — If following this system, you should now be short at 1.9606 from the long of 1.9359 on 11 Jan 06 at 1000 GMT. This equates to at 247 PIP profit... Happy Trading, Tkimble

Part Time Wealth Building Trading System

Execute trades based upon the close of the candle. Nothing else... Happy Trading, Tkimble

Part Time Wealth Building Trading System

Couple of points. Your initial Sell and Buy orders have been placed correctly. Once either order is hit, you immediately adjust the other order to the close of the previous week. For example, in this case, once the buy at 1.9633 was hit, you should ...

Part Time Wealth Building Trading System - Weekly Scalping

Yes, Now Comes The Daily Scalping System — Now that the Weekly Scalping system has been thoroughly disected, it is time to introduce my daily Scalping System which will complete my trio of trending, weekly and daily scalping systems. Will do ...

Part Time Wealth Building Trading System - Weekly Scalping

Currently using the MT4 Beta DC server... Tkimble

Part Time Wealth Building Trading System - Weekly Scalping

Not try to be flippant but following your instincts. I posted that system as I feel comfortable using it. You should do the same. Bottom line, trying to average 50 PIPS per week. Anything beyond that is gravy... Happy Trading, Tkimble

Part Time Wealth Building Trading System - Weekly Scalping

Yes. My trading style will sometimes result in more or less pips than the pure chart would indicated...

Part Time Wealth Building Trading System - Weekly Scalping

No. Only the close of the candle...

Part Time Wealth Building Trading System

No problem...

Part Time Wealth Building Trading System

Excellent...

Part Time Wealth Building Trading System - Weekly Scalping

I have looked into taking only the second trade but some of my most profitable weeks have been single trade weeks. Over time, the second trade approach may average out to the first trade approach but I have not looked at this option... Tkimble

Part Time Wealth Building Trading System - Weekly Scalping

Correct...

Part Time Wealth Building Trading System - Weekly Scalping

No Trailing/stepped Stop — I do not use a trailing stop. The stops is always set at the outset of the initial trade to 30 PIPS from the Buy or Sell point. It is never changed after that. It is either executed and I am stopped out or it is ...

Part Time Wealth Building Trading System - Weekly Scalping

Market Telegraphs Pending Direction — Another thing that I like to review are upcoming reports. ForexFactory does a great job at listing and weighing the reports on a daily basis. Lets use today as an example. Not much news being reported so ...

Part Time Wealth Building Trading System - Weekly Scalping

Market Telegraphs Pending Directions — Another thing that I like to review are upcoming reports. ForexFactory does a great job at listing and weighing the reports on a daily basis. Lets use today as an example. Not much news being reported so ...

Part Time Wealth Building Trading System

I have no set limit on the amount of buy and sell orders. The best weeks only require one trade which means you were not stopped out. Most weeks only require two trades. Some weeks may require three or four trades. This satisfies the goal to ...

Part Time Wealth Building Trading System - Weekly Scalping

The only specific entry time is when the market hits the respective Buy or Sell entry orders which is plus or minus 50 pips from the previous weeks close. Happy Trading, Tkimble

Part Time Wealth Building Trading System - Weekly Scalping

Last weeks close for the GBP/UDS using MT4 was 1.9302. Tkimble

Part Time Wealth Building Trading System - Weekly Scalping