- #1,518
- Dec 22, 2007 9:50am Dec 22, 2007 9:50am
- Joined Jul 2007 | Status: 33 y/o Investor/Trader/Programmer | 5,016 Posts
- #1,520
- Dec 22, 2007 10:02pm Dec 22, 2007 10:02pm
- Joined Jul 2007 | Status: 33 y/o Investor/Trader/Programmer | 5,016 Posts
1M & 5M Scalping System (Scalping Paradise) 21 replies
A switch: from part time trading to full time trading 8 replies
A system that works for a part time trader with minimum screen time 16 replies
Dear Full time/Part time Traders – Thanks for your time and help 7 replies
Part Time Wealth Building System - "High-Low Trending" 9 replies
DislikedtKimble,
May you be so kind as to indicate whether you re-set a 30 pip stop loss when you bring up/down an intial order to the previous week's close (after the other side of straddle was filled).
Thank you so very much for your work!
KeithIgnored
DislikedConcerning Cable. I am perplexed drummer...my sell order triggered last night, then proceeded to go bullish and by moring time EST was already almost 10 pips higher than last weeks close! I moved my original buy order down to about 10 pips higher than this amount. Also adjusted the 30 pipSL above that.
Can anyone confirm this?
KeithMNIgnored
DislikedI use a TS of 50 after I hit 100 pips. So I leaved the fixed in place until it's up 100, then put on a trailing stop of 50. I have had mixed results. Definitely have left some pips on the table. OTOH, made 80 pips this week with this method.Ignored
DislikedIf you placed the buy and sell orders correctly (i.e. 50 pips higher and lower from last week close or opening of week price), you were stopped out on BOTH trades. The GBP/USD whipsawed us out. Done for the week with this system.Ignored
Dislikedk awesome that was my question..........yes i was stopped on both so now i am DONE for the week correct? How many weeks may i expect this sort of thing?Ignored
Dislikedk awesome that was my question..........yes i was stopped on both so now i am DONE for the week correct? How many weeks may i expect this sort of thing?Ignored
Dislikedk awesome that was my question..........yes i was stopped on both so now i am DONE for the week correct? How many weeks may i expect this sort of thing?Ignored
Dislikedim not aware of a way to backtest and see if you would have been stopped out with in the weekly candles? unless i go down to say the 30 min.........how ever that would be highly tedious and it would be much easier for someone who has been forward testing to give a ballpark number.....Ignored
DislikedHi every Body
My qusetion goes to TKimble or any one else
As a new memeber and a newbie to forex, 've found this thread (Part Time Wealth Building Trading System - Weekly Scalping ) very interesting,
pls did not understand with Tkimble's statement, pls help me put more light on these :
Previous weekly close: 1.9597
Buy: 1.9647
Sell: 1.9547
1 If the "Buy" is executed, move the sell up to the previous weeks close (1.9597 in this case)
2 If the "Sell" is executed, move the buy down to the previous weeks close (in this case likewise 1.9597), he also stated something like this
3 Adjust one of the trades back to the previous weeks close when either trade is executed
i will be very grateful if i am scaled through.Ignored