Very good point - I am using a 50TP for the first lot and settting the second lot to SL b/e, which unfortunately is also the next long entry point for me, so I have set the b/e to one pip less than the next long entry point which has now moved to to ...

Part Time Wealth Building Trading System - Weekly Scalping

Took 50 pips off the CHF 5M this morning - default settings + TP50 moved SL to b/e after +25.

Simple MACD system based on 2 channels

I used the Rythm EA ( note daily thread) on my FXDD platform set to default entry, 100 TP and 50 SL and found 100 pips on my platform this morning.. it assumed that Friday was an upday ..fortunately...

Part Time Wealth Building Trading System - Weekly Scalping

Trading 2 lots using the original tk 50 pip Friday close straddle on the 60M GBP I have one 40SL and one TP50 so far, total -30, 1 lot left in play on this downtrend SL set to b/e 50....

Part Time Wealth Building Trading System - Weekly Scalping

Excellent comments and as Scrat also says I think many here know what the markets are capable of. You rightly say that each must adapt the system to suit their own trading style which is what I and others have done. I think limiting losses to a ...

Part Time Wealth Building Trading System - Weekly Scalping

What I find amazing is that such a simple system(s) should prove so effective. I have, like many others I guess, been trawling the forums for years, trialing many many systems all to no avail. What I think makes this system so tradable are the ...

Part Time Wealth Building Trading System - Weekly Scalping

The downward forces seem to be with us again today re. the GBP - have locked in 50 pips @ 9561 SL and hopefully this will continue to fall...great week overall for this tk system..

Part Time Wealth Building Trading System - Weekly Scalping

coolshades, will you need a job if this system continues to deliver

Part Time Wealth Building Trading System - Weekly Scalping

Just locked in another 50 pips from the 9611 short leaving the other postion to run but moved stop to b/e. Total for the GBP 2 lot tk system now 150 pips for the week. What I like most about the tk weekly system is that, for the first time, trading ...

Part Time Wealth Building Trading System - Weekly Scalping

Great trading hondakorn - when the currencies are ranging the 2 lot TP1 @ 50 works well while we wait for the big trend to deliver the killer profit...but this does take more chart time unfortunately..

Part Time Wealth Building Trading System - Weekly Scalping

..are those 425 pips for both GBP/JPY and GBP/USD using the basic tk system?

Part Time Wealth Building Trading System - Daily Scalping

Deanith there are many ways you can trade the basic tk version of the system. tk states that you should allow the trades to run their full course which will involve losing out on some profitable open postions using rigid stops as specified. The ...

Part Time Wealth Building Trading System - Weekly Scalping

Deanith -all trades are exited at the end of the week -i.e. Friday close or near to -apart from those who trading multi-lots and taking partial profits along the way, or have made other adaptions to suit their particular trading style..

Part Time Wealth Building Trading System - Weekly Scalping

It looks as though this weeks GBP trend could be decided by tomorrows UK interest rate announcement - retail sales figures point to an increase where as manufacturing figures point to leaving it unchanged with the consensus appearing to be coming ...

Part Time Wealth Building Trading System - Weekly Scalping

GBP long just banked another 50 pips on the 9661 GBP long leaving 1 lot to run..as per previous post trading 2 lots and moving stop losses to b/e after 50 pips does require a lot more close monitoring and may longer term not prove as profitable as ...

Part Time Wealth Building Trading System - Weekly Scalping

Original GBP 9611 short stopped out - will re-enter 2 lots again at 9611 if it gets down there..or 2 @ 9661 if we go long..

Part Time Wealth Building Trading System - Weekly Scalping

b/e stop loss taken out @ 9611 on second (moved stop to b/e after +50 on first position) GBP short position on Oanda, for those trading 2 lots. Will re-enter @ 9561 if it gets down there again. Looks like a reversal long on GBP hour chart - ...

Part Time Wealth Building Trading System - Weekly Scalping

Good to have 50 pips already on the table with the 2 lot GBP entry -hopefully the US news today will keep this trend heading south...perfect start to the week so far..

Part Time Wealth Building Trading System - Weekly Scalping

Interesting find - I seem to remember that early 2005 was very unkind to trending systems (the collapse of diamond forex springs to mind, which used a similar method to the tk weekly system). tk does say that you should allow for this however and it ...

Part Time Wealth Building Trading System - Weekly Scalping

It will be interesting to compare the 2 different take profit methods as we move forward with tk's weekly system.. I have two different Friday closing prices for the GBP - 9671 on FXDD and 9661 on Oanda...

Part Time Wealth Building Trading System - Weekly Scalping