that's right, long for g-y.

Part Time Wealth Building Trading System - Daily Scalping

i did the same thing and i missed another 200 pips. but the point is, i HAVE +200 pips in my pocket for this week, and it is 4 times more than my weekly target. how's that? i could have done better if i should have locked the profit by moving my SL, ...

Part Time Wealth Building Trading System - Daily Scalping

you mean, again?

Daily Cable Analysis

and again my TP was hit @ 235.98. +100pips for today; already up 200 pips for the week. i might as well stop trading for the rest of the week, it should be enough.

Part Time Wealth Building Trading System - Daily Scalping

sometime between 23-24 gmt.

Part Time Wealth Building Trading System - Daily Scalping

what exactly are these indicators doing? i'm seeing a line with different colors... looks like entry/exits signals?

Part Time Wealth Building Trading System

the trades for tomorrow (Tuesday): - g-y: short @ 236.98, SL = -50pips, TP = +100pips - g-u: short @ 1.9629, SL = -40pips, TP = +40pips (again, i'm not trading g-u because it is still within a tight range; i'm going to watch it closely over the ...

Part Time Wealth Building Trading System - Daily Scalping

just a quick note: judging by the results so far, tomorrow's trades would start with a short for both g-u and g-y. i'm not trading g-u until i see a trend starting - probably tomorrow after the news. anyway, i'll be back later on with the actual ...

Part Time Wealth Building Trading System - Daily Scalping

you can almost smell it... lol.

Cable Update (GBPUSD)

if you were following tk's rules, you should have already entered about 15 hours ago. i don't think it's a good idea to enter g-u at this moment, still not clear where it's heading. maybe later.

Part Time Wealth Building Trading System - Daily Scalping

g-y hit my TP; i'm up 100 pips on this pair. watching g-u... i really hope it's starting to trend soon.

Part Time Wealth Building Trading System - Daily Scalping

trades for Monday: - g-u: long @ 1.9635, SL @ -40 pips, TP @ +50 pips (i have a hunch it won't pass beyond 1.9700, if even go there - FOR NOW). i will NOT place a reverse at SL, because 1.9595 seems to be a delicate area. just wait for more clues ...

Part Time Wealth Building Trading System - Daily Scalping

ok, if you're going with g-j take a look at RSI (45) and 25 SMA (low) on a 30 min chart and be happy...

Part Time Wealth Building Trading System - Daily Scalping

ok, it's time to prepare for the new week. g-u goes long, g-y goes short. i hope to come back in about an hour to post the actual entries.

Part Time Wealth Building Trading System - Daily Scalping

thanks bh. i will definitely think about this, i'm gonna try to find a weak link in your theory... no offense, i'm just trying to make it better (if it's not yet, of course). two minds are always better than a single one, right?

Part Time Wealth Building Trading System - Daily Scalping

yes i did. but i'm not sure i got it right.

Part Time Wealth Building Trading System - Daily Scalping

ok, then tell me what if you double and the next week you have a greater loss?

Part Time Wealth Building Trading System - Daily Scalping

no. i took 50 pips and that was it. but i left the other pending trades open until the end of the day (which proved to be useful on that friday g-u move). now if i can find a way to figure out when and how much i should adjust SL and TP...

Part Time Wealth Building Trading System - Daily Scalping

i have been testing a version of the daily system on a demo account during the last week; i used different settings because of the ranging: i set a low TP (+50) and i increased SL for g-j. i put a limit of 2 losing trades/day. and here's what i got ...

Part Time Wealth Building Trading System - Daily Scalping

no, i don't think it's a good idea. if you double the risk, you have more chances to blow up your account; remember, the market can go in ANY direction. i've seen ranging periods of 4-6 weeks within the last 67 months, what would you do if this ...

Part Time Wealth Building Trading System - Daily Scalping