Entered a buy on cable yesterday at 1.9714, which today has reversed itself. Lost 180 pips so far, which offsets the Yen trade I still have going which is up around 500 pips. So, following the rules, I'll need to exit this trade at the end of today ...

Trend Hugger System

Cable seems to be showing a trough on my chart today - I'm trading this system on daily charts. Will wait till end of day to confirm, but looks like this will be a signal. I am up 500 pips on my short usd/jpy trade that started on Jan 1st. Happy new ...

Trend Hugger System

Isn't the market fairly thin on these pairs? Who's buying what you're selling? I think we do better when the market offers high liquidity. I've not heard of these pairs before, but I'm planning to move to Oanda when I go live. I'm hoping they offer ...

Best position trade in 2008

Cool idea indeed — This is one of the most interesting posts I've read in a long time. I'm not going to apply, but will watch it develop. I'm still tuning my system before I go live with micro lots, probably sometime in March of this year. But ...

Would I have any takers?

Agree, the broker can't do that. Can the EA functionality on metatrader submit trade orders? If so, you could probably have the EA read your system time from your computer.

Help-I Need A New Broker

Its all good — TK, So far, you have given us, for free, very good weekly, daily, and now hourly (or whatever timeframe we want to use) systems. Please don't post any more new ones, I think I have all I need to be happy The only tinkering ...

Trend Hugger System

To help everyone not familiar with OsMA (Oscillator of Moving Averages), you plot this in MT4 using the Custom indicator list. Its under there, and you just plug in the 3 numbers TK gave us. I can post a picture if this isnt clear.

Trend Hugger System

Hey TK, Thanks for another great system. With all the winning strategies you've shown us over the past year, I would think you could publish a book of them sooner or later I'm still using the weekly and daily systems, but perhaps I'll give this a ...

Trend Hugger System

Alvaro, Yeah, this week was killer, it shows what happens when you trade volatile trending pairs on this system. I don't move my reverse buy or sell to last week's close, becuase this requires me to monitor the trade, which I'm actually trying NOT ...

Part Time Wealth Building Trading System - Weekly Scalping

Being an American, I can only imagine the difficulty one would have in trying to learn forex trading without understanding English. Its like having two strikes against you before you even start. FXBaby, even if I had the time to read this book and ...

Can you teach me ?

If you simply increase your stops to 50 pips, and don't move the reverse order up to last week's close, then you have a SAR system. It might actually be a smart thing to do for GBP/JPY, but then you'll need to stomach a potential 100pip loss for a ...

Part Time Wealth Building Trading System - Weekly Scalping

Alvaro, You and me are thinking alike. The reason for only two trades, is to stay out of the market during ranging weeks. But, we will sometimes miss moves that don't start until later in the week. I also booked about 600 pips ( I traded two pairs) ...

Part Time Wealth Building Trading System - Weekly Scalping

Is NFP a trader's friend? — Generally, the news traders start taking positions, and the large banks start to pull their liquidity out, about an hour before NFP is announced. This makes the price start to move suddenly even though the report ...

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Obalende, See post #37 for rules on re-entry. You should be using the original targets for re-entering after being stopped out twice. I also am trading this for Cable and Guppy this week. I increased my stops to 50 pips for both pairs. So far no ...

Part Time Wealth Building Trading System - Weekly Scalping

If the previous day's close was up, then buy on the open. If the previous day's close was down, then sell on the open. This approach works surprisingly well! (Thanks Tkimble

Daily advantage at start of day?

Cyador, Go read the James16 price action thread. (In the trading systems forum) They use rules that relate to nothing more than price action based on the direction and shape of price bars. You can certainly trade very successfully with no indicators ...

Beginner requesting plan critique

Lately, I've noticed that I would be better off starting the trade on Sunday night (as tkimble lists in post #1) instead of waiting until monday morning. I've missed a few large moves by waiting, and it changes my sell stop to a sell limit order, ...

Part Time Wealth Building Trading System - Weekly Scalping

Cmartin, I'm thinking it has to be ATR(21) on a weekly chart. On a daily, the only pair that matches Toti's criteria is Guppy, which seems restrictive to me. But on a weekly chart, the ones I listed are all above ATR(21) of 180 pips. The point is ...

Part Time Wealth Building Trading System - Weekly Scalping

Here's a look at the ATR(21) for some pairs recently....of course your mileage may vary depending on your broker, but should be close. GBP/JPY - 662 pips Wow!!! EUR/JPY - 421 pips Still smokin! USD/JPY - 259 pips Not bad GBP/USD - 297 pips Gee, i ...

Part Time Wealth Building Trading System - Weekly Scalping

Toti, Thanks, its good to hear from someone who has been at this a while longer than I have. I was also thinking that ATR might play a role in choosing pairs. Synwind, I believe the 180 is #pips for ATR(21) for the pair you are interested in, using ...

Part Time Wealth Building Trading System - Weekly Scalping