Your "Retired" comment caught my eye. If your style is to scalp the market, I would recommend the daily scalping system. But if you are more inclined to spend time watching the market, I will preview one of several proprietary systems that works ...

Part Time Wealth Building Trading System - Weekly Scalping

Great question. I acutally trade several proprietary systems in several markets which compliment the Weekly and Daily system that I have previewed at this site. I also use both the weekly and daily systems in tantum with each other. This provides ...

Part Time Wealth Building Trading System - Daily Scalping

I have been experimenting with exiting at 100 PIP TP per daily bar unless a cross-over to second bar occurs which then raises my TP to 150 PIPs which is what happened yesterday and today. TK

Part Time Wealth Building Trading System - Daily Scalping

Next GBP/JPY Trade... — Barring a dramatic drop in the current GBP/JPY market I will be entering a LONG position at 2400 GMT. This is a risky trade becuase the market has already endured two consecutive rising bars and a correction is due. I ...

Part Time Wealth Building Trading System - Daily Scalping

Question 1: Yes for the third bar (questions 1) but this is a very unlikely scenario. Question 2: Anytime you achieve the 100 TP on the first bar, exit the market. Only re-enter the market at 2400 or 0001 GMT consistent with the rules of this system ...

Part Time Wealth Building Trading System - Daily Scalping

Yes. Wait for the 100 PIPS but becuase you have crossed over to another bar before achieving the 100 PIP TP on the initial bar, you are provided another 100 PIP opportunity so I expand my TP by only 50 PIPS. So, you are looking for 150 PIPS TP using ...

Part Time Wealth Building Trading System - Daily Scalping

Cross Bar Profiting — Whenever one daily bar fails to produce the 100 PIP TP before crossing over to the next daily bar, I will extend my TP by 50 PIPs on the subsequent daily bar to account for the fact that the crossover from one bar to ...

Part Time Wealth Building Trading System - Daily Scalping

50 PIP GBP/JPY Profit — Took another 50 PIP profit on the current bar. This is a total of 150 PIPS in the first two days with one SL. Total take equals 110 PIPs. I have attached the current chart that I am trading from. Will not enter new ...

Part Time Wealth Building Trading System - Daily Scalping

100 PIP GBP/JPY Profit — Took the 100 PIP for 72 net GBP/JPY PIPS so far this week. Waiting for next trade... TK

Part Time Wealth Building Trading System - Daily Scalping

The GBP/JPY is more volatile and focusing on one market is more profitable for my style of trading... TK

Part Time Wealth Building Trading System - Daily Scalping

Only trading the GBP/JPY market. TK

Part Time Wealth Building Trading System - Daily Scalping

Using 40 PIP Stops in the GBP/JPY market... TK

Part Time Wealth Building Trading System - Daily Scalping

Current GBP/JPY Chart — Attached is a current copy of the GBP/JPY chart from MT4. I am currently LONG after having been reversed twice today. Broke even on my long trade from Friday and lost 40 PIPS on the short trade from this morning. ...

Part Time Wealth Building Trading System - Daily Scalping

LOL, Pretty funny but true... TK

Part Time Wealth Building Trading System - Daily Scalping

I am simply selecting the daily time period and the Sunday candle is part of the daily time period. No special preferences or attributes. I have attached a copy of the current chart... TK

Part Time Wealth Building Trading System - Daily Scalping

Understannd completely and thanks for this post. I have in the past watched what I considered to be potentially great traders fail misurably becuase they could not get passed the back testing hump. Your work is very good. I hope it is used as ...

Part Time Wealth Building Trading System - Daily Scalping

BackTesting Craze... — While I understand why people love to back test, you should know by now that I am not a fan because I make a partial living from my trading and am very confident in this trading system. My only caution is that try not to ...

Part Time Wealth Building Trading System - Daily Scalping

Currently L0NG GBP/JPY — Currently LONG GBP/JPY from Fridays up bar at 232.72. Up 42 PIPs with a Profit Target of 100 PIPS (233.72)... TK

Part Time Wealth Building Trading System - Daily Scalping

Last Weeks Charts from MT4 — I am LONG the GBP/JPY from the uptick that is clearly indicated on the attached chart. If we are not all looking at the same charts, all bets are off.. HappyTrading, TK

Part Time Wealth Building Trading System - Daily Scalping

Current Position — I am LONG the GBP/JPY becuause of a slight uptick in the close of trading on Friday. TK

Part Time Wealth Building Trading System - Daily Scalping