Well said!

Part Time Wealth Building Trading System - Weekly Scalping

I got shaken out on a news trade (high spreads) earlier in the week and could not get in at the original sell stop, so I wasn't able to get in on this ride. The news will really screw you up if it's volatile between your buy and sell stops. It can ...

Part Time Wealth Building Trading System - Weekly Scalping

Yeah, I know, but I didn't want to have to split the money up. I wonder if it's advantageous to use another currency on the daily rather than the one you use on the weekly?

Part Time Wealth Building Trading System - Weekly Scalping

Good question above. I trade on "O", so I wouldn't be able to do both the weekly and daily on the GBP/USD. What pair on the daily would go good with the GBP/USD on the weekly? Thanks in advance!

Part Time Wealth Building Trading System - Weekly Scalping

Definitely a crappy week for the Pound with the weekly scalp. I'm sure some people were probably whipsawed about 4 times already and may be down 120 pips. Hang in there. Your discipline and patience are usually paid off handsomely in the coming ...

Part Time Wealth Building Trading System - Weekly Scalping

Just wondering if anybody here is doing the daily scalp on the GBP/JPY, and how it is working out for them? I'm sure it hasn't been long enough to get a good idea, but wondering how it was going....

Part Time Wealth Building Trading System - Daily Scalping

It was discussed earlier in the thread. There are a few sites that you can do it at.

Part Time Wealth Building Trading System - Weekly Scalping

I have alerts coming to my cell phone to wake me up. And I will purposely get up when news announcements are released when we are close to our original entry positions. That way I can monitor the heavy price action and get my orders back in if I am ...

Part Time Wealth Building Trading System - Weekly Scalping

Yes, this is definitely a week where your discipline will be tested. However, ranging weeks are always followed by weeks of expansion! Hang on for the ride!

Part Time Wealth Building Trading System - Weekly Scalping

It's always tempting to take the pips when they are there. But, you must trade like a machine. What if the trend had kept riding up and you were up 200-300 pips right now? You will lose the benefit of the system if you constsantly change the rules. ...

Part Time Wealth Building Trading System - Weekly Scalping

I'm not sure why the variances in the 2006 tests are so different for the people that have tested this strategy. Somebody just posted results in the 5000's for the year. Hmmmm...

Part Time Wealth Building Trading System - Weekly Scalping

Based on price action I got out at noon today for a net of +60 pips for the week on the Pound. Dope.

Part Time Wealth Building Trading System - Weekly Scalping

Cool. I'll be watching it, too. It helps with the detatchment game. I actually trade news a few minutes after it comes out, so it will keep me from paying any attention to any position I may have with the weekly scalp system. The market will a lot ...

Part Time Wealth Building Trading System - Weekly Scalping

Cool. Thanks, guys. I'll probably stick to the Pound on the demo account for now.

Part Time Wealth Building Trading System - Weekly Scalping

I think if you manage too many pairs you may be getting away from the essence of the system which is simplicity. I would rather manage one pair and put more lots on it than manage a bunch with lower lot sizes and get the same results. Just a thought.

Part Time Wealth Building Trading System - Weekly Scalping

I used the 30 pip stop loss this week based on a 1.9591 close. I was stopped out twice, but I am up overall 10-20 pips right now.

Part Time Wealth Building Trading System - Weekly Scalping

Does anybody have any stats on how this does with the GBP/JPY? I think with a little larger stop loss, it could be very profitable also.

Part Time Wealth Building Trading System - Weekly Scalping

Climax, Where is your tick data from? Just curious. Thanks.

Part Time Wealth Building Trading System - Weekly Scalping

Ut2, I set the alerts up on a demo account with a broker with the letters "l-o-s" backwards in their name. Let me know if that is too cryptic. Under each currency you can set up "call alerts". Just plug in where (price) you want the system to alert ...

Part Time Wealth Building Trading System - Weekly Scalping

I have been currently stopped out twice on the "O". It doesn't bother me too much though. This will happen in ranging weeks where you end up with a doji. However, I don't lose confidence as it only takes one good trending week to make up way more ...

Part Time Wealth Building Trading System - Weekly Scalping