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Part Time Wealth Building Trading System - Daily Scalping

  • #921
  • Feb 27, 2007 10:25am Feb 27, 2007 10:25am
Quoting toti1972
Guppy keeps going down and puts salt on the hurt...telling me that even though I took 100 PIPS I left a lot over the table...Damn it ... What to do for next week???
I know I should be happy with my 100 PIPS and go take the kids to BK, but I feel like a fool...(100% newbie feeling, uh?)
Let me assure you that a 100 PIP profit in one day is not the mark of a fool. Excellent trading...

TK
  • #922
  • Feb 27, 2007 10:48am Feb 27, 2007 10:48am
Quoting yezbick
I have been using the Rhythm v.2 EA to manage my positions on 6 different pairs. Currently I'm up 900 + pips on these pairs. My totals are as follows.

EURCAD = 50
EURJPY = 189
GBPCHF = 146
GBPJPY = 360
GBPUSD = 5
USDJPY = 187

The above was done on the standard daily with no TP and with the standard 40 SAR from 0:00 GMT.

Thanks again tKimble for a great system.

yezbick
holy crap!!! r u a superman?? u actually monitor so many pairs at one time!! and all turn out to be good trades,wow!!! pls share the details with us...well done for your work,keep it up!! hope i can trade like u too.
  • #923
  • Feb 27, 2007 10:52am Feb 27, 2007 10:52am
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, not just closing the trade - it's just that i'm sleeping at that time...
anyway, i'm glad that i started this week with a nice profit.

Quoting toti1972
Guppy keeps going down and puts salt on the hurt...telling me that even though I took 100 PIPS I left a lot over the table...Damn it ... What to do for next week???
I know I should be happy with my 100 PIPS and go take the kids to BK, but I feel like a fool...(100% newbie feeling, uh?)
Nihil Sine Deo.
  • #924
  • Feb 27, 2007 10:53am Feb 27, 2007 10:53am
Quoting toti1972
Guppy keeps going down and puts salt on the hurt...telling me that even though I took 100 PIPS I left a lot over the table...Damn it ... What to do for next week???
I know I should be happy with my 100 PIPS and go take the kids to BK, but I feel like a fool...(100% newbie feeling, uh?)
Most days 100 pips TP would work well and is an amazing return when you think about it. Overall I think 100 pips for one days trading or 300 for a week are great targets..it does hurt to see the market run on though..
  • #925
  • Feb 27, 2007 10:55am Feb 27, 2007 10:55am
Quoting yezbick
I have been using the Rhythm v.2 EA to manage my positions on 6 different pairs. Currently I'm up 900 + pips on these pairs. My totals are as follows.

EURCAD = 50
EURJPY = 189
GBPCHF = 146
GBPJPY = 360
GBPUSD = 5
USDJPY = 187

The above was done on the standard daily with no TP and with the standard 40 SAR from 0:00 GMT.

Thanks again tKimble for a great system.

yezbick
Agreed the Rhythm EA is working well this week and removes a lot of the headaches...staggering results!
  • #926
  • Feb 27, 2007 11:12am Feb 27, 2007 11:12am
so based on today's g-y performance and according to the rules we are long guppy for tomorrow.....right??
CRAIGSLIST BARTERING CHAMPION
  • #927
  • Feb 27, 2007 11:22am Feb 27, 2007 11:22am
that's right, long for g-y.

Quoting hondakorn
so based on today's g-y performance and according to the rules we are long guppy for tomorrow.....right??
Nihil Sine Deo.
  • #928
  • Feb 27, 2007 11:23am Feb 27, 2007 11:23am
thx you kindly
CRAIGSLIST BARTERING CHAMPION
  • #929
  • Feb 27, 2007 12:58pm Feb 27, 2007 12:58pm
Wow, I came home from work and found the following in my brokerage account traded over 6 pairs my account is now up over 70% from yesterday. The results are as follows.

EURCAD = 100
EURJPY = 218
GBPCHF = 214
GBPJPY = 418
GBPUSD = 3
USDJPY = 216

Rythmn is a life saver on workload and really helps manage all of that would have to be managed manually.

Thanks again tKimble for introducing this to forexfactory.

yezbick
  • #930
  • Feb 27, 2007 1:16pm Feb 27, 2007 1:16pm
Quoting yezbick
Wow, I came home from work and found the following in my brokerage account traded over 6 pairs my account is now up over 70% from yesterday. The results are as follows.

EURCAD = 100
EURJPY = 218
GBPCHF = 214
GBPJPY = 418
GBPUSD = 3
USDJPY = 216

Rythmn is a life saver on workload and really helps manage all of that would have to be managed manually.

Thanks again tKimble for introducing this to forexfactory.

yezbick
Stellar results! Although I have to laugh at the GBPUSD! Only 3 pips? I know it's not your fault, I'm just amused cause this week I've only traded GBPJPY instead of that and GBPUSD, and I'm up! Screw you Cable!!

Nice work, Yezbick. Very nice.
  • #931
  • Feb 27, 2007 1:20pm Feb 27, 2007 1:20pm
Just curious, for those that are following this thread, what trading platform do you use? I was thinking about moving to InterbankFX for their trailing stop feature. My thought is that it would help lock in additional profits during moments that I am not available to monitor (sleep, meetings at work, etc..).

Does anyone care to comment about this? Thanks.
  • #932
  • Feb 27, 2007 1:26pm Feb 27, 2007 1:26pm
This week, I think, is a good example of how the daily and the weekly can work well together.

I took 100 pips of profit last night on the Daily, only to wake up and find my Weekly trade was up 300+! It would be nice had I used a larger TP on my Daily, but these weeks are rare. I'll gladly take the 100 pips every time if it will help offset the weeks when the Weekly is ranging. Conversely, it's nice to have the Weekly trading overnight on trending weeks when the Daily would already have stopped out when hitting the TP mark.

These two systems do, indeed, work hand-in-hand. Thanks TK!
  • #933
  • Feb 27, 2007 1:32pm Feb 27, 2007 1:32pm
I'm glad everyone is doing well on the GBP/JPY today, I have only been trading the GBP/USD and have been stopped out twice for the day. Done trading for day. Good luck everyone and hope the cable turns around soon.
  • #934
  • Feb 27, 2007 1:36pm Feb 27, 2007 1:36pm
Great results Yezbick....

Do you somehow limit the number of daily trades? What is your closing hour on the EA? Thanks for any advice.
Don Life is expensive, but includes a free trip around the sun.
  • #935
  • Feb 27, 2007 1:45pm Feb 27, 2007 1:45pm
WOW!! Congratulations!! Those results are great. What are the rest of your settings for Rhythm?


Quoting yezbick
Wow, I came home from work and found the following in my brokerage account traded over 6 pairs my account is now up over 70% from yesterday. The results are as follows.

EURCAD = 100
EURJPY = 218
GBPCHF = 214
GBPJPY = 418
GBPUSD = 3
USDJPY = 216

Rythmn is a life saver on workload and really helps manage all of that would have to be managed manually.

Thanks again tKimble for introducing this to forexfactory.

yezbick
  • #936
  • Feb 27, 2007 2:02pm Feb 27, 2007 2:02pm
when this system works, it REALLY works. congratulations yezbick, nice work.
Nihil Sine Deo.
  • #937
  • Feb 27, 2007 2:11pm Feb 27, 2007 2:11pm
Can someone please just recap what SL you are using for the GBP/JPY and take profits if any?

Thanks in advance..

Marc
  • #938
  • Feb 27, 2007 2:13pm Feb 27, 2007 2:13pm
Sorry...also, can someone please tell me what post the Rythmn EA is located on?

Thanks..

Marc
  • #939
  • Feb 27, 2007 2:55pm Feb 27, 2007 2:55pm
TK, in your experience:

How many days like this have you seen before, jpy crosses are on a freefall unbelievably, usc/chf falling like 150 pips and keeps going, now cable is going down with fury, usd/cad skyrocket almost 90 pips, aud/usd going down 80 pips in last 3 hs...whats going on out there????

BTW, since this was not a common case...What are you going to set for tomorrow on GBP/JPY? should be long by rule...and seems a wise trade, but I am following JPY crosses since Dec 06 and they follow no rules, and seems like they like to go against all indicators...I gues in this case is better to stick to the rules more than ever, but just like to hear some coments here.

thanks.

REgards
  • #940
  • Feb 27, 2007 3:01pm Feb 27, 2007 3:01pm
Quoting toti1972
TK, in your experience:

How many days like this have you seen before, jpy crosses are on a freefall unbelievably, usc/chf falling like 150 pips and keeps going, now cable is going down with fury, usd/cad skyrocket almost 90 pips, aud/usd going down 80 pips in last 3 hs...whats going on out there????

BTW, since this was not a common case...What are you going to set for tomorrow on GBP/JPY? should be long by rule...and seems a wise trade, but I am following JPY crosses since Dec 06 and they follow no rules, and seems like they like to go against all indicators...I gues in this case is better to stick to the rules more than ever, but just like to hear some coments here.

thanks.

REgards
I concur with your observation in that today is indeed a rare day but, without the system, chances are that traders would not have been capable of enjoying such outlandish profits. The point to be made is that the system prepares you to profit from whatever volatility exists at any given time and that is the best that can be expected.

Always be prepared to take what that market offers. Today is an exceptional offering...

Happy Trading,

Tkimble
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