Gaguil — Are you trading a real or imaginary/demo account?

Part Time Wealth Building Trading System - Daily Scalping

Ebenst — I trade the original rules without taking the 2nd trade or reversing the direction after 3 candles the same. I also take a 50pip profit on g/u and 60pip profit on g/y.I try to enter as close to 1700 est as possible.Of course I roll ...

Part Time Wealth Building Trading System - Daily Scalping

Ebenst,Pipbunny — This is my 5th week of trading a real mini account and with out the 2nd (and sometimes 3rd) trade of the day I would be about 500 pips better off. I actually stopped taking the 2nd trade 2 weeks ago. I might add I'm losing ...

Part Time Wealth Building Trading System - Daily Scalping

Ebenst — I've found the reverse trade usually ends up a loss so I restrict myself to one trade per day.I also was stopped out on the GBP/JPY but took a 43pip profit out of the GBP/USD today which was a trade rolled over from yesterday.I ...

Part Time Wealth Building Trading System - Daily Scalping

Ebenst — You are onto it,every thing changes with real money!As for backtesting I agree with you, test an idea, new system etc but no amount of back testing is going to ensure your method works in the FUTURE. The facts are price will go up or ...

Part Time Wealth Building Trading System - Daily Scalping

Mongoose — I didn't refer to your specific system as "crap" I was just generalizing about the majority of stuff that is posted on the various FX sites. As for intraday trading I didn't specifically rubbish it,I just don't subscibe to methods ...

Big Sandwich System

Moneyquest — Why wait until September? You are going so well you just can't not make money! If I sound cynical it is because I am, demo trading doesn't count in my book , it's only good for getting familiar with a trading platform.All your ...

Part Time Wealth Building Trading System - Daily Scalping

Moneyquest — You are going well with your trading ,is it a real account or imaginary i.e real money?

Part Time Wealth Building Trading System - Daily Scalping

Bolt — Best post on any thread to date. You are to be congratulated on cutting through the crap that abounds on FX sites.I've realised that daily charts focusing on price action is the only way to go,forget indicators,predictions, opinions and ...

Big Sandwich System

Moneyquest — There are a couple of things that are going to cause variations in individual results; 1.Actual opening times of the daily candle, it seems to vary with the charting package you subscribe to. 2.Personalized rules,e.g I only trade ...

Part Time Wealth Building Trading System - Daily Scalping

Moneyquest — Yes the pair has gained those pips since 12 June but the trades I took didn't realise that amount. 1.11/6 buy 239.65, SL 50, close 12/6 241.52 187 pips. 2.12/6 buy 240.23, SL 50, close 13/6 240.13 -10 pips. 3.No trade taken on the ...

Part Time Wealth Building Trading System - Daily Scalping

DutchTrader — You are dead right,NZ is a small fish in a big pond.I'm a Kiwi and live in NZ and we are no match for the big players in the market yet the arrogance of our current administrators is truely remarkable.As I've said before the best ...

Um, what just happened in New Zealand?

Hello1234 — I think everyone has deserted this thread for some obvious reasons.You have been asked many times to post trades but you don't,you change the rules often,you get upset when people don't respond,you've just told someone not to look ...

Weekly Charts Trading system-picking tops and bottom

I've traded this system, with a few modifications mentioned on this thread,for 4 weeks now for a total profit of 16 pips! Not a great result but it has to be said that I broke a few basic rules and that cost me plenty.I know this is basic stuff but ...

Part Time Wealth Building Trading System - Daily Scalping

Moneyquest — I entered the GBP/JPY trade at 16:48 hrs on 12/6,buy 240.34 SL 239.84. I didn't reverse the trade because of past losses doing that,but I missed the big run up that I would have got if I had entered for a 3rd time.

Part Time Wealth Building Trading System - Daily Scalping

Pipbunny — Well I was stopped out of the GBP/USD trade also. In both of todays trades the reaction to fundamental releases determined the direction so you you just have to grin and bear it for this type of set it and leave it system. Try this ...

Part Time Wealth Building Trading System - Daily Scalping

Pipbunny — I have stopped entering the 2nd trade for the day due to the number of double stop outs I have had in the last 3 weeks.Today for example I was stopped out on the GBP/JPY and that's it for me today on that pair, I'm still in a cable ...

Part Time Wealth Building Trading System - Daily Scalping

To all — I think a few of you understand where I'm coming from, I speak from personal experience. Consumer lending has never been higher in NZ yet interest rates are relatively high,deposit rates are good 6-7% and possibly higher but Kiwi's ...

Um, what just happened in New Zealand?

Al Have1 — Thanks for that,when I first started trading I thought I was being duped by my broker as on my charts SL's were not being hit but on my trading platform they were. Good info from "Scrat", I look at 5min charts to get a general trend ...

Part Time Wealth Building Trading System - Daily Scalping

Bytebodger — I don't agree, in the case of our economy I have seen the banks and other lending institutions falling over backwards to lend money to anyone. In fact there has been a large amount money lent to people who are bad prospects and ...

Um, what just happened in New Zealand?