Tinkering is Normal... — It is human nature to want to tinker with things. Even trading systems while nuturing our sustained quest to find the perfect system. I have learned that there is such thing as good enough. The enemy of good enough is ...

Part Time Wealth Building Trading System

I have been using the scalping system in the JPY/USD pair for about 4 months... Tkimble

Part Time Wealth Building Trading System

Yes. Always use the RSI, 3 SMA bands and actual closing price to determine trade execution... Tkimble

Part Time Wealth Building Trading System

That is correct...

Part Time Wealth Building Trading System

My thoughts are simple. It make money for me. You can have losing weeks from time to time. Again, your discipline as to be solid to follow this system. It defies human instincts to look a chart that only take 10 pips per day. Most traders believe ...

Part Time Wealth Building Trading System

Sorry for the confusion. I use 30 min charts for the trend system and daily charts for the scalping system. No RSI is used for the dialy scalping system. Actually, no indicators are necessary for the daily scalping system. Simply use the previous ...

Part Time Wealth Building Trading System

Yes. At the beginning of the market...

Part Time Wealth Building Trading System

Yes. As we speak the Yen is showing a long signal but be aware that I never use my trending system with the Yen becuase it is simply too volatile. YEN is excellent for daily scalping... Tkimble

Part Time Wealth Building Trading System

Yes. I place both buys and sells at the close of the daily market. I do not remove any orders because you never know what will happen. Tkimble

Part Time Wealth Building Trading System

three 50 Period Moving Averages — Create three 50 period simple moving averages. One based on the High. One based on the Low and one based on the Close. Tkimble

Part Time Wealth Building Trading System

Daily. Look at the JPY/USD chart. Tkimble

Part Time Wealth Building Trading System

Well said...

Part Time Wealth Building Trading System

Daytime Scalping — My daytime scalping plan is very simple. My goal is to average 10 PIPS per day. The rules are as follows: Long: 1 PIP above the previous days high on a daily chart Short: 1 PIP below the previous days low on a daily chart I ...

Part Time Wealth Building Trading System

No problem. Thanks to everyone for all the great comments. All have been very helpful. As you can see, I currently have a lot of time to watch the market today... Happy Trading, Tkimble

Part Time Wealth Building Trading System

Expert Advisor - Yikes, Scares Me — The thought of hands-off trading scares me. My trading temperment requires that I watch the market as much as possible and live the emotions of approaching and leaving an actual trade. This is yet another ...

Part Time Wealth Building Trading System

My apologies for the confusion. I modified my entry strategy in response to whipsawing concerns. The 5 SMA has been removed and replaced with the 3 50 period moving averages (high, low and close). Happy Trading, Tkimble

Part Time Wealth Building Trading System

Only enter when all the conditions for a trade have been met: SHORT: RSI below 50 and 30 MIN bar has closed below the 50 SMA low LONG: RSI above 50 and 30 MIN bar has closed above the 50 SMA High It is that simple.. Happy Trading, Tkimble

Part Time Wealth Building Trading System

Pardon my ignorance but what is an EA? All my trades are executed manually... Happy Trading, Tkimble

Part Time Wealth Building Trading System

Current short was triggered on 5 Dec at 900 GMT at a price of 1.9748. This short was stopped out on 5 Dec 1430 GMT with a 50 PIP loss. Resumed the same trade since none of the 30 min bars closed above the 50 MA High. Currently short at 1.9748 with a ...

Part Time Wealth Building Trading System

Excellent idea. Happy Trading, Tkimble

Part Time Wealth Building Trading System