Don't like do TA with this system, however, I am taking my +63 pips and running. It brings me even for the week, and I'll take it considering the choppiness this week. EUR/USD is stalled at R2 anyway. I watch it with the Pound for correlations.

Part Time Wealth Building Trading System - Daily Scalping

For a crappy week I am only down 63 pips on the GU so far. Not bad. Can't wait for the trending weeks to come. I am using the natural entry, 40 pip stop, and moving reversal orders/stops to BE once I am up 40 pips. Limit 2 losses per day and BE's ...

Part Time Wealth Building Trading System - Daily Scalping

I do the same thing, however, I do not take partial profits.

Part Time Wealth Building Trading System - Daily Scalping

If you can get through these last few days or weeks with a small profit or even a small drawdown, your patience will be rewarded greatly. At least that is what I keep telling myself!

Part Time Wealth Building Trading System - Daily Scalping

Does anybody else like the pinbar on the NZD/USD daily? The top is touching right around 2 different resistance levels on the fibs.

james16 Chart Thread

There is also a pin bar on the AUD/USD daily today. Thanks for the look at the NZD.

james16 Chart Thread

Cool. Thanks, Michael.

james16 Chart Thread

No problem. If you look at the weekly chart you can see a triple bottom low that has been breached and looks like it will close lower than the triple bottoms. There is a 'good' probability the trend will continue.

james16 Chart Thread

The Swissy is a nice set up. Will you enter before the end of the week or wait until the start of next week?

james16 Chart Thread

Good idea!

Part Time Wealth Building Trading System - Weekly Scalping

I got whipsawed to death last night when the news came out on the GBP/JPY. 6 stop outs, so I got out. So, I am not enjoying this run of pips. This was on the daily.

Part Time Wealth Building Trading System - Weekly Scalping

I just got out of the GBP weekly with +46 pips for the week. I had 2 stop outs. Not bad. I am using the original rules by the way. It works better for me. I'm not worried about bad weeks as Mr. Trend suggested. I know they come. Discipline and money ...

Part Time Wealth Building Trading System - Weekly Scalping

As mentioned earlier, if you are on a non-hedging website like "O", then your stop loss and new order can be the same thing with one more lot/s. It would be double what your original order would be.

Part Time Wealth Building Trading System - Weekly Scalping

Short from 9611. I hope it drops like a hammer.

Cable Update (GBPUSD)

We have a double-high low-close forming on the daily. It's a good set up for a short on Monday.

Aud/usd

Thanks for clearing that up, guys. You are all very helpful.

Part Time Wealth Building Trading System - Daily Scalping

Also, was this done manually?

Part Time Wealth Building Trading System - Weekly Scalping

I'm still a little confused as to what to do when you have 3 days in a row heading the same direction. On the fourth day, you go the opposite. If it does not go the opposite do you try for the opposite again or do you resume with the trend for ...

Part Time Wealth Building Trading System - Daily Scalping

Thanks, those results look promising.

Part Time Wealth Building Trading System - Weekly Scalping

Well said, Scrat. I guess I'm the guy that will accept the losses through the ranging weeks and wait for the big hits.

Part Time Wealth Building Trading System - Weekly Scalping