30 PIP Stops — [/QUOTE] I use a 30 PIP stop from the very beginning and let the trade evolve. My trading style permits the 30 pip true loss as opposed to a 30 pip reduction and prevention of what could have been a 200 - 300 pip run. More times ...

Part Time Wealth Building Trading System - Weekly Scalping

Yes. Buy and sell at same time. Adjust one of the trades back to the previous weeks close when either trade is executed... Happy Trading, Tkimble

Part Time Wealth Building Trading System - Weekly Scalping

Started New Thread - Part Time Wealth Building System - Weekly Scalping — I have previewed my weekly part time wealth building system at the following thread: http://www.forexfactory.com/forexforum/showthread.php?p=174933#post174933 Your ...

Part Time Wealth Building Trading System

This is a good question and really boils down to your trading style. My trading style does not permit me to ambush trades as the RSI is swapping above and below 50 during the 30 min bar creation. I always wait till the end. This approach really ...

Part Time Wealth Building Trading System

Thanks For Your Efforts - New Weekly System Coming Shortly — Thanks for your efforts and words. This type of trending system has been working for me for almost two years in the currencies and even longer in the SP500 market. I am a big fan of ...

Part Time Wealth Building Trading System

Thanks To Everybody - New End of Day Trading Strategy Shortly — Thanks to all for your contributions. It has really helped my thinking and I have begun to explore other trading strategies. I have developed a day trading strategy that I think ...

Part Time Wealth Building Trading System

Weekends Do Not Exist — Great question. When I trade I only see bars. Make believe the weekend does not exist. From time to time there will be minor slippage but nothing earth shattering. Keep the stops in place. Happy Trading, Tkimble

Part Time Wealth Building Trading System

Other Tiime Periods — Yes. I found the 50 to be the most stable MA. Does not mean there is not another MA that may generate more profits, but the 50 is what makes me feel comfortable... Happy Trading, Tkimble

Part Time Wealth Building Trading System

ATR Concept — The ATR is a measurement of the Average True Range of a given bar. The ATR measures the volatility of the market during the time the bar is being created. The greater the volatility, the greater the likelihood of getting stopped ...

Part Time Wealth Building Trading System

Well not exactly Coolshades. In ranging/choppy markets, it gets whipped around, I have seen 7 consecutive losers, of varying degrees due to the stop method I have tried. This doesn't come as a surprise however since at the end of the day its a trend ...

Part Time Wealth Building Trading System

1. 18 months 2. I do not publish my results. You need to experiment with the system to find your comfort zone. This system will definitely increase you odds of making money and that is the best that can be done... 3. Lot size is based upon the ATR ...

Part Time Wealth Building Trading System

RSI Your Choice — This is a great point. You must adjust the system to compliment your trading style (emotions and discipline). If the 21 RSI works for you, then use the 21 RSI. This will produce more trades. Happy Trading, Tkimble

Part Time Wealth Building Trading System

Yes - Open Trade — Yes. This system is a traditional Stop and Reverse (SAR) system. I am always in the market unless stopped out. Then I wait for another trade. Happy Trading, Tkimble

Part Time Wealth Building Trading System

69 PIP Profit — Long on 1.9583 on 11 Dec 06 and short at 1.9652 on 13 Dec 06. Net is 69 PIPS. Happy Trading, Tkimble

Part Time Wealth Building Trading System

Short 1.9652 GBP/USD - 69 PIP Profit — Short today at 1.9652. Took the 69 PIP profit. Happy Trading... Tkimble

Part Time Wealth Building Trading System

RSI Was Below 50 — RSI needs to be above 50. RSI was only 49.3346. Price break out above the 50 SMA high is a "Long" trade indicator, not a trade signal. RSI confirms indicator and converts indicator to a trade signal. Happy Trading, Tkimble

Part Time Wealth Building Trading System

Great Work DFoster — 1. All entries and exits are based on bar close with the exception of being stopped out.. 2. ATR is a volatility measurement. I narrow my stops if trade is profitable and volatility is high. This means a higher ATR ...

Part Time Wealth Building Trading System

Long GBP/USD at 1.9583 — Continue long at 1.9583 with current price at 1.9644. Minor upward trend may be emerging. Tkimble

Part Time Wealth Building Trading System

Excellent Discipline — Discipline is key to any successful trading. Have patience with this system and it will pay big rewards. Fight off the temptation to violate this systems trading rules and you will do very well. The hardest part will be ...

Part Time Wealth Building Trading System