The beginning of the 0930 bar produced an RSI that was greater than 50 almost fromt the outset or at the beginning of the 30 minute bar. This is where the skill of the trader comes to play. I took the trade exactly the first time a 50 or greater RSI ...

GBPUSD

Some traders want to trade .1 and .2 lots and other want to trade 5 to 10 lots...

Part Time Wealth Building Trading System

1. Yes. You reverse postion with every valid signal. Will not always get the 200 PIPs and will endure moderately lossed from time to time. 2. Trailing... 3. I do not count how many times I have had back to back 50 pip losses because I accept it as a ...

Part Time Wealth Building Trading System

Again, I do not post long term results. I will share results of existing trades and have provided the system in detail. If you are interested backtesting, go for it. I am trying to get people to believe in a system that works for my and my trading ...

Part Time Wealth Building Trading System

278 PIPS Profit Taken — Took profit on this trade which opened on 17 Nov at 1.8876 and closed on 23 Nov at 1.9154. 278 PIPS total profit. Will be waiting for next trade. Took the profit becuase the ATR has dropped off sharply which dampens the ...

Part Time Wealth Building Trading System

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GBPUSD

[QUOTE=kapanil] You are not always going to get exactly 5 PIPs from the 5 SMA. That is why I said that sometime it can be tricky. During the infrequent times that you must execute a trade (normally once or twice a week) you must be watching the 5 ...

GBPUSD

I never post results for fear of dampening your desire and motivation to continue the quest. That is why I only post the system. Ultimately, I am hoping to wean some traders away from testing and into actual trading. But I will share another ...

Part Time Wealth Building Trading System

Answers below: 1. Yes 2. The reason for this flexibility is to allow a trader to arbitrarily change the amount of risk that is willing to be assumed. 3. No. "Year to Earn" is completely different but similar to standard "build as your earn" money ...

Part Time Wealth Building Trading System

I have chosen to expose my ideas for the purpose of sharing and learning. If others in the forum feel the idea is not worthy of review, that is fine. Again, I am not trying to pontificate but simply sharing some ideas that have been profitable for ...

Part Time Wealth Building Trading System

Average True Range (ATR) MM Model — The ATR is used to calculate lot size for each trade and takes into consideration the following parameters: 1. Account size ($$$$$) 2. Market Volatility (ATR) I have provided more explanation earlier in the ...

GBPUSD

Close but no quite. In addition to what you have correctly stated, the real-time price must be 5 pips above the 5 SMA average for a long or 5 pips below the SMA for a short signal on a 30 min chart. Hope this helps... Tkimble

GBPUSD

50 Pip Stops — I only use a 50 PIP stop on the 30 Min bar chart and yes, becase I am trying to get my 200 PIP goal. The period of time being used as a bar chart should dictate your stops. The larger the period of time, the larger the stop but ...

GBPUSD

Sharing and Learning Is Also Rewarding — AH: No problem. I receive more emotional reward by sharing and learning than I do from trading. Trading pays the bills but sharing and learning eases the sole.... Tkimble

Part Time Wealth Building Trading System

No. I am not concerned about the amplitude or steepness of the curve. But of course, the steeper the curve in a profitable trend, the more enjoyable the ride...

Part Time Wealth Building Trading System

Yes. Valid entry for you first question. No. Always obey the indicators. In the case above, when the RSI goes equates to less than 50 and the price is 5 PIPs below the 5 SMA, take the short signal. In rare cases this can happen several times during ...

Part Time Wealth Building Trading System

Market Entry Points — This can be tricky and requires close attention. The RSI is updated real time time as the market moves. When the RSI is greater than 50 on a real time basis and the price moves higher than 5 pips above the 5 min SMA, I go ...

Part Time Wealth Building Trading System

Midterm Trade Antics... — The basic idea of my system is Stop and Reverse (SAR). I try to stay in the market constantly with the goal of getting a 200 PIP profit. I love riding the trend but always trying to protect the 200 PIP profit one ...

GBPUSD

See Earlier Posting of Detailed Trading System — My entire trading system is posted at the beginning of this thread.

GBPUSD

Current Trade - Up 250 GBP/USD Pips and Stable — While evaluating and back testing systems is important, nothing compares to acutal results. I joined the Forex Factory this morning and I am stunned at all the great ideas. This is a fantastic ...

GBPUSD