45 RSI...

Part Time Wealth Building Trading System

Trailing Stops — That is correct. But I am posting worse case scenarios. Nice call. Tkimble

Part Time Wealth Building Trading System

I do not understand the "21 06" part. The RSI is a simple 45 period RSI... Tkimble

Part Time Wealth Building Trading System

Two 50 PIP Losses - Short 1.9566 — Expected drawdown has begun. After several large pip gains (Over 1000 pips) during the last several trades, the system has produce some welcomed small losses. I say welcomed, because all systems trade in ...

Part Time Wealth Building Trading System

Stick With The System — If the RSI is below 50, you are only taking short trade... Tkimble

Part Time Wealth Building Trading System

SP500 Mini — It will work but you have to hold overnight positions and you will experience slippage.. Tkimble

Part Time Wealth Building Trading System

No problem. Select the "Indicators" icon in the MetaTrader trading platform. Then select the "Moving Averages" item and enter the first moving averages using the "High" as a parameter. Create two more moving averages by repeating this process. Use ...

Part Time Wealth Building Trading System

Disregard - MetaTrader4 Has Resumed — Thanks anyway... Tkimble

Part Time Wealth Building Trading System

MetaTrader4 Frozen — My MetaTrader4 System just froze. Is anybody else experiencing this problem? Thanks, Tkimble

Part Time Wealth Building Trading System

Never Feel Silly When Asking Questions — People routinely "feel silly" or sometimes "feel stupid" when asking questions. Asking questions is the ultimate display of intelligence. People who ask the questions are seeking understanding and there ...

Part Time Wealth Building Trading System

Follow The System — When the bar closed below the 50 SMA low, go short. Should be short as of this typing... Tkimble

Part Time Wealth Building Trading System

50 Point Trailing Stop — Yes. Your are correct. 50 point trailing stop... Tkimble

Part Time Wealth Building Trading System

Precisely... Tkimble

Part Time Wealth Building Trading System

Now Short - 40 PIP Loss — Took the short at 1.9658. May be entering a drawdown phase. Hang in there... Tkimble

Part Time Wealth Building Trading System

High Impact Report Issued Today — High impact reports issued today. Should create a run one way or the other... Tkimble

Part Time Wealth Building Trading System

Monitor the RSI — The RSI is now below 50. A close below the 50 SMA Low would generate a short... Tkimble

Part Time Wealth Building Trading System

Took The Long — Yes. I took the long. Tkimble

Part Time Wealth Building Trading System

75 PIP Profit Taken — Took a 75 PIP profit at 0800 GMT. Now long. After such a sustained period of profitability over the last two weeks (Close to 1100 - 1200 PIPs), chances for account drawdown have increase. Happy Trading, Tkimble

Part Time Wealth Building Trading System

The 5 SMA is an entry point selection indicator that was replaced for the three 50 Period SMAs because of excessive whipsawing. The three 50 period SMA creates a band of higher and lower entry opportunities when combined with the RSI. The 5 MA ...

Part Time Wealth Building Trading System

The latter part of you statement is true for me. I sometimes spend nights waiting for a trade but have learned that most big moves happen at 3 - 4 AM EST and 8 - 9 AM EST. That is when I try to watch the market when a trade is apparent... Happy ...

Part Time Wealth Building Trading System