My hunch with this system is that those who take profits along the way by trading 2 lots will do at least as well as those who trade to the original rules, but probably suffer less severe drawdawns and losses along the way. As the previous post very ...

Part Time Wealth Building Trading System - Weekly Scalping

Long entries should remain at 9641, short at 9591 -however the GBP appears to have died a death this week and I would not re-enter another trade at this stage ..

Part Time Wealth Building Trading System - Weekly Scalping

Oanda just can't handle news trades -it is almost better to close everything down before hand. They were being taken for a ride because some very astute news traders were managing to beat them everytime before the price spike emerged and it was ...

Part Time Wealth Building Trading System - Weekly Scalping

For simplicities sake just take half your postion (16 or 17 micro lots) out at, say, 50 pips and move the remaining half to b/e stop loss and let it run the course..

Part Time Wealth Building Trading System - Weekly Scalping

Totally agree -I've applied multi-lots to quite a few systems and it always seems to reduce the severity of the drawdowns and produce more reliable winners..as already stated providing one lot is left in play to capture the eventual 'home run' it ...

Part Time Wealth Building Trading System - Weekly Scalping

Agreed - it is so tempting to tweak new systems and then wonder why you end up wih different , usually poorer results . The disadvantage with trading with more lots is that if you get several stops in succession the drawdown may be excessive for ...

Part Time Wealth Building Trading System - Weekly Scalping

Agreed -I hate leaving pips on the table - trading at least 2 positions with one at 50 pip take profit and moving the remaining position SL to b/e seems to make a lot of sense; without missing out on the potential blockbuster move which will ...

Part Time Wealth Building Trading System - Weekly Scalping

Good to see the news with us today and long trend which is now showing 70+ pips. Generally NFP weeks are pretty lack luster until the release so tomorrow will be the decider - hopefully the NFP will be with us...

Part Time Wealth Building Trading System - Weekly Scalping

Coma just to re-cap: The original long entry was about 9641 which was stopped out at around 9611. The Friday close became the next short entry at around 9591 which as also stoped out at around 9621. The Friday close of around 9591 (for the next ...

Part Time Wealth Building Trading System - Weekly Scalping

Dom - the original long entry was about 9641 which was stopped out at around 9611. The Friday close became the next short entry at around 9591 which as also stoped out at around 9621. The Friday close of around 9591 (for the next short entry) and ...

Part Time Wealth Building Trading System - Weekly Scalping

Thanks DW - yes I agree with your entries otherwise we would be trading 2 open postions at once.. Peter.

Part Time Wealth Building Trading System - Weekly Scalping

Great system and thanks for all the constructive feedback from everyone here and especially to tkimble for the system. Can I just clarify the second/third entries -If we are stopped out , as we were at around 1.9621 for the last short entry -we had ...

Part Time Wealth Building Trading System - Weekly Scalping