The human mind is a funny thing... Tkimble

Part Time Wealth Building Trading System - Weekly Scalping

Take a look at my weekly scalping system. I think you will find it interesting for trading the Eminis. This is the link>>> http://www.forexfactory.com/forexforum/showthread.php?t=11937 Happy Trading, Tkimble

Part Time Wealth Building Trading System

Exactly. The RSI determines changes in my positions. In essence, my "Trailing Stops" are my actual trades. Hope this does not confuse you. Happy Trading, Tkimble

Part Time Wealth Building Trading System

Yes. 50 PIP stop until conditions for trade reversal occur. No. Never move the stop. Just let it ride. This may seem a bit crazy to some but that is my approach. Happy Trading, Tkimble

Part Time Wealth Building Trading System

Lot size is determined by the Risk Management Model. I use two risk management models. One is based upon the Average True Range (ATR) and the other is based upon percentage of the money that I wish to risk. The ATR takes into consideration most ...

Part Time Wealth Building Trading System

No. I do not use trailing stops becuase I find it very difficult to know how far to place the stop. My preference is to place only one static or fixed stop at the beginning of the trade for the entire trade. Stepped or trailing stops just creates ...

Part Time Wealth Building Trading System

No. I did not take this trade. I always wait until the price movement is confirmed by the RSI... Tkimble

Part Time Wealth Building Trading System

I use the RSI to confirm all of my trades. If you want to trade more agressively, you can trade the 50 SMA tunnel edges (Short when price closes below the 50 HIGH SMA or long when the price closed above the 50 LOW SMA) Just a matter of what how ...

Part Time Wealth Building Trading System

No Emotions - Very Important Point — Your subtle comment about no emotions is key to successfully trading this system and any system for that matter. I have found that my most successful trading efforts are those that are emotion free. This is ...

Part Time Wealth Building Trading System - Weekly Scalping

the only possible GBP/USD trade remaining on this week with this system would be the short at last weeks close which was 1.9299. I do not recommend trying to abush a trade. If the short does not occur, wait till next week. Happy Trading, Tkimble

Part Time Wealth Building Trading System - Weekly Scalping

You have hit the nail right on the head. Adapt the system to your trading style and maintain the discipline. There will be some weeks that tempt your discipline. Always stick with the system and you will enjoy many profitable weeks. Happy Trading, ...

Part Time Wealth Building Trading System - Weekly Scalping

This is correct...

Part Time Wealth Building Trading System - Weekly Scalping

Great Trade. I was stopped out twice for two 30 PIP losses this morning but now long at 1.9352. Letting it ride. Happy Trading, Tkimble

Part Time Wealth Building Trading System - Weekly Scalping

Long at 1.9380 (1730 GMT) from a short at 1.9631 on 3 Jan 07 at 1100 GMT... Tkimble

Part Time Wealth Building Trading System

That is correct. I still use the RSI but for those of you who like more action, you can trade the edges of the 50 SMA tunnel. Happy Trading, Tkimble

Part Time Wealth Building Trading System

I place entry orders using the FXCM platform. Enter order within 10 minutes of market open on Monday. Close trade during the last 30 minutes of the market on Friday. Tkimble

Part Time Wealth Building Trading System - Weekly Scalping

I do not discuss my performance. I trade the GBP/USD exclusively although this system will work on any pair after appropriate adjustments are made for selected pair volatility. For example, with lower volatility markets, the 50 +/- PIPS would be ...

Part Time Wealth Building Trading System - Weekly Scalping

Well said...

Part Time Wealth Building Trading System - Weekly Scalping

Yes. I am trading this system in conjunction with my trending system which I have posted under a different thread. I use both system in tantem. The weekly approach more than offsets the drawdowns from the trending approach... Happy Trading, Tkimble

Part Time Wealth Building Trading System - Weekly Scalping

First and foremost, the only stupid question is the one that goes unasked. I personally like to have visual cues which I get from charts. Your are correct, you could very easily trade this system without a chart. And your point is very important. ...

Part Time Wealth Building Trading System - Weekly Scalping