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Part Time Wealth Building Trading System - Weekly Scalping

  • #861
  • Feb 4, 2007 1:52pm Feb 4, 2007 1:52pm
That's really up to you...

TKimble.. your next post should read:

"Please wire me all the money you have in your bank account(s)! My account number is as follows: ****"

I wonder how many here would do so?? lol

Just ribbing you btw Igor



D.


Quoting IgorKrug
Hi ALL,

Does it mean that original TK variant (+/- 50 pips straddle) is actual again??

Thank you
Igor
  • #862
  • Feb 4, 2007 3:14pm Feb 4, 2007 3:14pm
Cable: buystop-19722 (50sl), sellstop-19612 (50sl) based off last weeks close of 19667

Gbp/jpy: buystop-238.74 (50sl), sellstop-237.65 (50sl)based off last weeks close of 238.15

*all trades include spread.
CRAIGSLIST BARTERING CHAMPION
  • #863
  • Feb 4, 2007 4:19pm Feb 4, 2007 4:19pm
My numbers are slightly different (different brokers) but I am ready for a new week. Let the games begin.............
  • #864
  • Feb 4, 2007 4:56pm Feb 4, 2007 4:56pm
Close number off by 1 pip from hondakorn's on GBP/USD using FXSol Broker. Going by the original rules - except for 40 pip s/l instead of 35 and will t/p at various levels to limit drawdown.

Let's hope for a trending week.
All hard work brings a profit, but mere talk leads only to poverty.
  • #865
  • Feb 4, 2007 10:02pm Feb 4, 2007 10:02pm
+20 atm on gbp/jpy

buystop should be moved to 238.15.....

my broker is fxsol...
CRAIGSLIST BARTERING CHAMPION
  • #866
  • Feb 4, 2007 11:56pm Feb 4, 2007 11:56pm
Quoting bholiday
Good stuff....thanks for the ea and docs.
Have you been using it, and what kind of results have you been getting?
No, I don't use it yet. I need to find the time to figure out, how to use it. I just got it few days ago. But someone posted earlier version, so I thought to post the latest.

Btw, even if there wouldn't be automatic news trading - this EA looks so good just for use it for manual trading.

Mario
  • #867
  • Feb 5, 2007 12:03am Feb 5, 2007 12:03am
Quoting paparich
The EA you have does exactly what I wish mine did. Could you attach the mq4 file or tell us the yahoo board where you found it. I'm anxious to give it a try. thanks
I got EA here: http://finance.groups.yahoo.com/grou...nd_Indicators/

This is nice free moderated FX forum (you have to register though), where traders exchange ideas and goodies.

Unfortunately I only have ex4. You can contact Yannis in above mentioned forum or there should be email in the EA header (in the code)

Mario

P.s. you can't use this EA for Weekly scalping method, correct? Since it does not reenter the trade. Yannis said he may add this option one day.
  • #868
  • Edited 5:44am Feb 5, 2007 5:15am | Edited 5:44am
... and i already took some profits (just couldn't help it!), from GBP-USD:
- using daily scalping entry: short, enter 1.9662 / exit 1.9572, + 90 PIPS
- using weekly scalping entry: short, enter 1.9612 / exit 1.9572, +40 PIPS
total = +130 PIPS. i might as well stop trading for the rest of the week...
Nihil Sine Deo.
  • #869
  • Feb 5, 2007 5:36am Feb 5, 2007 5:36am
im up 100pips on gbp/jpy
CRAIGSLIST BARTERING CHAMPION
  • #870
  • Feb 5, 2007 7:33am Feb 5, 2007 7:33am
Good to have 50 pips already on the table with the 2 lot GBP entry -hopefully the US news today will keep this trend heading south...perfect start to the week so far..
  • #871
  • Feb 5, 2007 7:44am Feb 5, 2007 7:44am
Quoting Daemien
That's really up to you...

TKimble.. your next post should read:

"Please wire me all the money you have in your bank account(s)! My account number is as follows: ****"

I wonder how many here would do so?? lol

Just ribbing you btw Igor



D.
I like the idea...
  • #872
  • Feb 5, 2007 9:08am Feb 5, 2007 9:08am
need help/advise here...

i have setup like this: USD/CHF

buy:1.2520
sell: 1.2430

at first, my long position was triggered and i move my short to 1.2480 (last week close). after that, my SL on LONG triggered and i put another order at 1.2520. now my SHORT position was triggered. should i move my long position? where?
  • #873
  • Feb 5, 2007 9:19am Feb 5, 2007 9:19am
Tkimble: Are all your rules the same as your first post other than now you are entering immediately and foregoing the straddle?

So in essence, you have a two positions open on a currency on Monday's open?
Mr. Trend
  • #874
  • Feb 5, 2007 9:40am Feb 5, 2007 9:40am
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting venn
need help/advise here...

i have setup like this: USD/CHF

buy:1.2520
sell: 1.2430

at first, my long position was triggered and i move my short to 1.2480 (last week close). after that, my SL on LONG triggered and i put another order at 1.2520. now my SHORT position was triggered. should i move my long position? where?
No
  • #875
  • Feb 5, 2007 9:48am Feb 5, 2007 9:48am
I went ahead and closed my Daily trade for a cool 130 pip profit on the GBP/JPY this morning.

I wasnt able to enter my Weekly trade until this morning (was away from the comp for the Super Bowl), but it is running at +31 for the moment. I have a feeling this will be a strong correction week after the surge that occurred at the end of January. We shall see!
  • #876
  • Feb 5, 2007 10:33am Feb 5, 2007 10:33am
b/e stop loss taken out @ 9611 on second (moved stop to b/e after +50 on first position) GBP short position on Oanda, for those trading 2 lots. Will re-enter @ 9561 if it gets down there again. Looks like a reversal long on GBP hour chart - engulfing candle etc...9661 the next long trade.
  • #877
  • Feb 5, 2007 12:18pm Feb 5, 2007 12:18pm
awesome day for the gbp/jpy!! hope everyone did well!!
CRAIGSLIST BARTERING CHAMPION
  • #878
  • Feb 5, 2007 2:06pm Feb 5, 2007 2:06pm
Honda: How often do you update your signline totals? I think that's awesome, and congratulations on your success so far.

Question, though: What are your money management rules like? How much are you risking per trade?
  • #879
  • Feb 5, 2007 2:08pm Feb 5, 2007 2:08pm
Hi all,
I started this week with weekly and daily, I missed a re entry in weekly because I was sleeping, I think it is important to reorganize my sleeping patterns.
I am not very experienced in market (just a 1 year rookie)
Any advise about the most suitable hours to take a rest and those hours at which nobody can stays away of the market?
Seems like LONDON is more important than NY, but I'd like to hear from an experienced trader... in GMT time please.
Many thanks to TK and all of you that have contributed to this thread as well as the daily scalping, I look forward to be successful with these methods and I wish the same to you all.
Thank you.
  • #880
  • Feb 5, 2007 2:23pm Feb 5, 2007 2:23pm
I would recommend that you sleep your normal hours. Entries are made at 0000GMT. Then set your alerts to wake you up when you need to make adjustments to your orders. I am assuming you are using meta trader, so just use the alert function. Then you will only wake up when you need to.

One of the nice things about this method, is you just set it, and forget it (until one of your alerts goes off).

Hope this helps...
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