Coolshades, thanks for the reply. I guess that makes sense.

Part Time Wealth Building Trading System - Daily Scalping

Question on Entry — OK, I live in EST. My broker's platform starts the day at 5:00PM EST, because that's the start of the day in New Zealand according to them. As a result, I will start to see candles forming and the new day beginning at that ...

Part Time Wealth Building Trading System - Daily Scalping

Locutus, Thanks for the reply. I see 24:00 GMT and 00:00 GMT used interchangeably, and just wanted to make sure that they both meant midnight GMT which is 7:00PM EST. So thanks again. My broker is FX Sol which is also based in EST (New Jersey I ...

Part Time Wealth Building Trading System - Daily Scalping

That may very well be true. But I think if we go back to the posts early on in this method, although it's true that it can be traded with any pair, the more volatile pairs may be a better fit, and why TK has had success. Why? Think about what we're ...

Part Time Wealth Building Trading System - Daily Scalping

LFX, I may be wrong on this, or maybe it's because I didn't understand your question, but my understanding is those traders who take profits at 100 pips, set their TP expectation for either direction, whether it reverses or not. In your example if ...

Part Time Wealth Building Trading System - Daily Scalping

It does TK, and thank you. Somehow, I KNEW you were going to say that! But I think James has it right also, at least for me. His input is more closer to sticking with the (your) rules, and that's more in line with my comfort and stress level. It's ...

Part Time Wealth Building Trading System - Daily Scalping

You know Jim, you're right, and I should have known better. From now on, If I'm way up for the day and want to lock in, I'll either make the decison to take all of the profit and be done for the day, or better still do as you have suggested (and ...

Part Time Wealth Building Trading System - Daily Scalping

Re-entering on daily??? — I have a question regarding re-entering the daily after TP. I took +150 GU for today, which made up for many previous losses on my daily this week. I could have had close to 180 pips, but I positioned my SL just to ...

Part Time Wealth Building Trading System - Daily Scalping

sbetz, I too am a new trader and have been demo trading this and the weekly system, but only on the GU daily and weekly and occasionally the GY daily. I have a hard enough time managing just these two pairs, never mind and more. I think it's great ...

Part Time Wealth Building Trading System - Daily Scalping

Mr. Trend, That brings up a couple of questions I have if you don't mind... I am on the East Coast US (EST). So... #1. Am I correct in thinking that 2400 GMT is 7:00PM EST?? Then if so, why does my Sunday evening candle start to open and move well ...

Part Time Wealth Building Trading System - Daily Scalping

Thank you Yez, So SAR always refers to Stop "LOSS", which I guess is where I was confused. Originally, that's what I thought it meant, but after reading a lot of posts from people here who have modified TK's Weekly and Daily strategies, by using ...

Part Time Wealth Building Trading System - Weekly Scalping

SAR Question — Could someone please explain to me exactly how the SAR would work for the two TK methods (Daily and Weekly)? For example, if I'm trading with a 50 pip SAR, does this mean that say after 50 pips profit (or loss??) , I ...

Part Time Wealth Building Trading System - Weekly Scalping

Hi, I have a demo (new) acct with FX Sol. Pretty nice platform and they have trailing stops. However, I will tell you that in the first week of using them I've had several trades executed with (1-6) pips in slippage, and this was IMO during ...

Part Time Wealth Building Trading System - Daily Scalping

Thanks Scrat, I guess you're right!

Part Time Wealth Building Trading System - Daily Scalping

Help with entry — I may have missed the answer to this somewhere in the thread, but on my charts the daily closed down today (7:00 PM EST Candle), but just barely. According the the daily rules, technically I should open Thursdays trade going ...

Part Time Wealth Building Trading System - Daily Scalping

Carolyn, Check out post #617. There may be further clarification after that post, but if so, I missed it as well. I have been confused also because Permanentjuan had suggested the method of immediate entry on the weekly, and forgoing the 100 pip ...

Part Time Wealth Building Trading System - Weekly Scalping

Good points Carolyn, and all of you... I think I am going to do a couple of things. First, I am going to stick with the original rules as per my promise to myself, and keep the faith. So, this coming week, I will trade the GBP/$ only, and do the ...

Part Time Wealth Building Trading System - Weekly Scalping

hondakorn, ForexDude2, and Carolyn, I have to say I am very impressed, If you guys came out positive this week around 140 pips give or take, my hats off to you - well done! I personally have had every single trade (10) stops hit trying to trade the ...

Part Time Wealth Building Trading System - Weekly Scalping

Do you mind if I ask why? 100 pip spread??? What happened? It's still even too early today for a major news announcement such as NFP isn't it? I don't want to get off the subject of this thread, but that seems excessive.

Part Time Wealth Building Trading System - Weekly Scalping

Weekly Close — It may be my misunderstanding but I thought the close for the weekly was supposed to be Friday's close at the end of the trading week, e.g. 4:30PM EST if you are US east coast like I am. All I have been doing is reading whatever ...

Part Time Wealth Building Trading System - Weekly Scalping