One Hour Charts?? — Why are you using one hour charts for the daily scalping system? Try running the same analysis with daily charts. TK

Part Time Wealth Building Trading System - Daily Scalping

My Current MT4 GBP/JPY Chart — This is what my current chart looks like... TK

Part Time Wealth Building Trading System - Daily Scalping

Day Ending Strategy — OK. Now approching the end of the week. I will be holding a weekending postion which is currently short (GBP/JPY) over the weekend. Current price is very close to breakeven from yesterdays daily bar close. Hope everybody ...

Part Time Wealth Building Trading System - Daily Scalping

Suspicions About EAs — There should not be any "Buys" at this stage of todays trading. The last GBP/JPY trade was at 0050 GMT and it was a reversal from the previous LONG. Now you should be SHORT from 236.66 in the GBP/JPY market. This trade ...

Part Time Wealth Building Trading System - Daily Scalping

Pictures Speak A Thousand Words — Attached is a copy of the GBP/JPY chart that I am using. Is this what everyone else is trading from? TK

Part Time Wealth Building Trading System - Daily Scalping

350 PIPS as we speak. This works very nicely when used with the Weekly/Daily tandem... TK

Part Time Wealth Building Trading System - Weekly Scalping

I am currently showing a price GBP/JPY range of 237.07 and 234.83 on the daily chart from 00:00 GMT till now. I keep reading posts that indicate differing price actions movements. I cannot explain why some are seeing differing data but this can be a ...

Part Time Wealth Building Trading System - Daily Scalping

When I became interested in the markets well over 25 years ago I spent endless hours of time developing trading systems all predicated on a mindless array of indicators. As time progressed, I became more and more interested in the simplicity of only ...

Part Time Wealth Building Trading System - Daily Scalping

Observation. Place the 100 PIP TP order when you enter the market. If you are trading TPs, you always enter the TP order when you enter the market and then monitor from time to time... Happy Trading, TK

Part Time Wealth Building Trading System - Daily Scalping

My actual entry time was 0050 GMT. I should qualify that I entered this trade on a reversal so total take on this trade is 60 PIPs... TK

Part Time Wealth Building Trading System - Daily Scalping

No, I am done with this market until 2400 GMT. Bulls make money, bears make money and pigs get slaughtered... TK

Part Time Wealth Building Trading System - Daily Scalping

100 Pips and Out — Took the 100 PIPs from the GBP/JPY and out. Short at 236.57 out at 235.57. That was very quick. The funny part is I do not know why and do not care. To me, this is the most attractive part of this particular system...

Part Time Wealth Building Trading System - Daily Scalping

I second the motion... TK

Part Time Wealth Building Trading System - Daily Scalping

Well said....

Part Time Wealth Building Trading System - Daily Scalping

Excellent...

Part Time Wealth Building Trading System - Daily Scalping

Quite frankly, what we think about what you should do is not important. What is important is what you think you should do. More importantly, do what you think is right for you. Remember, you must adapt to your trading style. This is very important. ...

Part Time Wealth Building Trading System - Daily Scalping

Banner Day For System — Today is a Banner Day for this system because just about all markets have offered very sizeable profit opportunities. These types of days are very frequent and serve as a profit foundation from which one can build very ...

Part Time Wealth Building Trading System - Daily Scalping

You should be able to start with an account of $750 - $1,000 and trade the mini lots. Use the Money Management model and trade your way up to full lots... TK

Part Time Wealth Building Trading System - Daily Scalping

I have been experimenting with the 100 PIP stop but likewise am inclined to use the "let it ride" approach becuase in essence you can catch some very nice three day trends. Hence, the reason for reversing postion after three consecutive daily bars ...

Part Time Wealth Building Trading System - Daily Scalping

Great question. The answer will depend if you are using Profit Targets or not. If you are using a 100 PIP PT and your target has not been hit, then you would carry the trade into the next day. If you are not using PTs, then you have two choices. 1. ...

Part Time Wealth Building Trading System - Daily Scalping