This is probably a stupid question but do you other traders of this system allow for the spread in your stops and targets? My charting platform displays the offer price (sell) so should I be adding the spread to my stop loss and target figures?

Part Time Wealth Building Trading System - Daily Scalping

I live in NZ and am constantly amazed at the authorities in my country. We are a small economy dependent on the export of primary products, when our $ is high exporters hurt and money floods into the country.This money has to be lent somewhere and ...

Um, what just happened in New Zealand?

I've been demo-ing the original system for the last 3 weeks and I get consistent losses. I have however looked at trading the EUR/USD with a version of TKimble's "daily scalping method", going for a 20 pip TP and a 20 pip SL,opening the trade at ...

SRDC Episode I

Pipbunny — The Yen is showing it's weakness, I think, as opposed to the pound showing strength and the dollar is also stronger against the pound.Now if I could only profit from this great wisdom!

Part Time Wealth Building Trading System - Daily Scalping

Didn't trade the cable yesterday! But did well on the g/j, got stopped out initially and didn't reverse the posistion as per the rules due to uncertainty.I watched the market for a while and decided to use "Jacko's anti hedging strategy".Later in ...

Part Time Wealth Building Trading System - Daily Scalping

Pipbunny — Took a g/j trade today at the open, missed my 60pip TP by about 7pips and then got stopped out. I'd cancelled my entry order for the buy as I was home in front of the computer and thought that the BOE interest rate decision could ...

Part Time Wealth Building Trading System - Daily Scalping

Pipbunny — I took a trade on 31 May that I carried over the weekend and hit my target on 4 June for +70 pips.I got stopped out twice however on the 5th and haven't bothered with the cable since.

Part Time Wealth Building Trading System - Daily Scalping

Al Have1 — Interesting idea, I'm having no problem making money on the G/Y using the original system rules with a profit target of 60 pips, the cable on the other hand has just cost me money consistently so I've stopped trading it for the ...

Part Time Wealth Building Trading System - Daily Scalping

Kharvell — Thanks for your response,do you stick with a particular strategy or do you change frequently as I'm finding that this is a big problem in my trading.I seem to want immediate confirmation that my approach is working and when I don't ...

kharvell's Trades

Kharvell — At risk of appearing cynical,what's the point of your postings? Do you trade a real account or are these just theoretical trades as you would be pretty busy covering all the pairs you trade.Don't misinterpret my questions I'm ...

kharvell's Trades

Pipbunny — I understand you frustration but the other guys are right, either persist with the system or try something else. I had a good first day this week +130 pips on both pairs but blew it all yesterday with two stop outs on each pair. I ...

Part Time Wealth Building Trading System - Daily Scalping

Pipbunny — I've just gone back 3 weeks and manually tested this idea and it's not much better, just the losses are less. I mentioned in a previous post that looking at 5 min charts could help and to that end I've found that if you enter a ...

Part Time Wealth Building Trading System - Daily Scalping

Pipbunny — I couldn't close a GBP/USD posistion at the end of the week because my platform wouldn't open!!!! So I've had to hold it over the weekend (22 pips up) and had intended not trading GBP/USD next week.Due to the frequency that I've ...

Part Time Wealth Building Trading System - Daily Scalping

Pipbunny — I've had the same experience for the last two weeks,the GBP/USD has been responsible for an overall loss of about $110. If I'd just traded GBP/JPY I would be up 242 pips using a TP60, SL50 strategy with only two trades each day. ...

Part Time Wealth Building Trading System - Daily Scalping

Al Have1 — Your results give me further confirmation that this system is a winner, I've had my first real trades this week and am going well except for a couple of errors on my part.I limit myself to 2 trades each day and am setting TP's of 50 ...

Part Time Wealth Building Trading System - Daily Scalping

Pipbunny — Good one,can you give the trade details please as I went backwards on both pairs yesterday.

Part Time Wealth Building Trading System - Daily Scalping

Pipbunny — I open my posistions within an hour of the close ,usually, and if you check last weeks trades there was very little difference between what I am doing and what would have happened if I'd waited for the daily candle to actually ...

Part Time Wealth Building Trading System - Daily Scalping

Pipbunny — Sorry I'm not a computer enthusiast and screen shots are out of my capabilities.I was attracted to Tkimbles systems because of his/her preferance for manual trading.Reliance on technology is not what it's about in my mind,20yrs ago ...

Part Time Wealth Building Trading System - Daily Scalping

Pipbunny — I can choose from three different data feeds and believe it or not there can be a discrepancy of up to 15pips between them sometimes,I discovered this while playing around on a demo account.I use the daily open to set the SL and TP ...

Part Time Wealth Building Trading System - Daily Scalping

Pipbunny — I think the discrepancy could only be due to your trading platform,data provider and or broker.

Part Time Wealth Building Trading System - Daily Scalping