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Part Time Wealth Building Trading System - Daily Scalping

  • #1,301
  • Mar 14, 2007 6:05am Mar 14, 2007 6:05am
Mobsie

What petersurrey is saying is his trades are similar to yours.
It's not every day that you can make a profit.
Others making money using this strategy may be using their own set of rules as many have chosen to alter the rules to suit them.

You should really try out any new strategy with a demo account, not with your own money until you are comfortable with the way it behaves.

All the best, don't give up...
  • #1,302
  • Mar 14, 2007 6:21am Mar 14, 2007 6:21am
Quoting Mobsie
Hello,

i will say goodby. I have tried all to use the system for me. I ask people for her setting.

But nothing work for me. I use only 0.1 Lots but stop out so often then this dosn`t help.

I think now the Forex is only for People with money. I read here in this thread people write 400 pips since sunday, and i only lose. Thats very hard and not for me.

This night i try an bigger Stoplose with 50 Pips, and also 4 times stop lose hit. Now i have not enough reserve to try again.

But this Forum is one of the best i ever see, people here are very helpfull and work much. Because of this i will say thank you.

Best regards
Mobsie
Maybe you should try using the GBP/JPY and enter at 4:00 GMT with two lots. both with a 60 stoploss, one with a takeprofit and the other you move the stoploss to breakeven after 50 or 60 pips and let it run for the rest of the day. Try it on a demo for a couple of weeks and see what happens but don't give up yet. Just run a demo for a while.
rsrol
If you can't find it or buy it, build it.
  • #1,303
  • Mar 14, 2007 6:40am Mar 14, 2007 6:40am
Hi,

maybe you are right and i must try other options on an demo.

But its very funny to stand up 1 to 3 times in the night or an demo account.

Is trade now for six month on demo account and i try different systems WSS 9.4 also. And yes i make god money there.

What was different ? First NO emotion stress because not real money.
Second bigger stop lose. Third after the first demo account was Zero only open an new and beginn learn and try more.

But with real money is very hard to learn.

Thanks
Mobsie
  • #1,304
  • Edited 7:21am Mar 14, 2007 7:00am | Edited 7:21am
Quoting Mobsie
Hi,

maybe you are right and i must try other options on an demo.

But its very funny to stand up 1 to 3 times in the night or an demo account.

Is trade now for six month on demo account and i try different systems WSS 9.4 also. And yes i make god money there.

What was different ? First NO emotion stress because not real money.
Second bigger stop lose. Third after the first demo account was Zero only open an new and beginn learn and try more.

But with real money is very hard to learn.

Thanks
Mobsie
Start with one you can use micro lots on such as Oanda. One guy opened his account there for $1. The nice thing is you can increase the lot size less than a penny at a time and gradually get used to winning and loosing money without your emotions getting the better of you.
rsrol
If you can't find it or buy it, build it.
  • #1,305
  • Mar 14, 2007 7:34am Mar 14, 2007 7:34am
3 stops out last night (-150 pips) and it's over for today...
1st negative after 7 consecutive 100 pip days (GBP/JPY)...nothing to be upset...
Im still + 50 for this week...

Regards.
  • #1,306
  • Edited 6:12pm Mar 14, 2007 1:51pm | Edited 6:12pm
Quoting tkimble
The new trending system can be found at this link>>>>>>

http://www.forexfactory.com/showpost...00&postcount=4

This is by far my most profitable system...

Happy Trading,

TK

HI TK

It looks brillant so far
I set it up on two platforms ( The settings )and realize it shows different levels on IBFX than SBFX . The High on SBFX is the same as the low on
IBFX platform ???
another Great System

Thanks TK

todays trade GBP/Jyp + 144 pips so far
  • #1,307
  • Mar 15, 2007 7:29pm Mar 15, 2007 7:29pm
this threat used to be tooo active over 1300 post but right now it's so quiet ! what's the problem guys are u getting whipsawed or what ?
  • #1,308
  • Mar 15, 2007 7:46pm Mar 15, 2007 7:46pm
Quoting tkimble
The new trending system can be found at this link>>>>>>

http://www.forexfactory.com/showpost...00&postcount=4

This is by far my most profitable system...

Happy Trading,

TK
Hi All

Has everybody gone over to the EA side
Were is everybody ?????
TK are you still there ???
Ive done OK on the daily this week
I have been seeing something that may be considered
that is that the trend seems to be established about the open
of the asian market going into the london session
I dont know if this is valid yet but this week it
would have eliminated many SAR -40 pips waiting for the
trend if you had not started the first trade till 5-6 GMT
just food for thought. I'm not wanting to mess with the system TK
its Works as is

and the new trending system is GREAT !
Would like to hear more about it.
believe it works best on the pairs with the largest daily range ??
Makes the most PIPs anyway
I have been letting it run on other pairs and it seems to work
well also. just dont expect the larger amounts of pips as the
GBP/JPY gives

Thanks again TK

Fasttraxs


Thanks
  • #1,309
  • Mar 15, 2007 8:34pm Mar 15, 2007 8:34pm
Quoting Mina
this threat used to be tooo active over 1300 post but right now it's so quiet ! what's the problem guys are u getting whipsawed or what ?
YES!
  • #1,310
  • Mar 15, 2007 9:06pm Mar 15, 2007 9:06pm
really? coz I was just thinking of giving it a shot !
  • #1,311
  • Mar 15, 2007 9:52pm Mar 15, 2007 9:52pm
No system is profitable every day or week. Even after this week with a low reversal number I am up over 1200 pips in 3 weeks. Im down about 150 or so this week, which is entirely manageable. I do trade multiple pairs.
  • #1,312
  • Mar 15, 2007 11:04pm Mar 15, 2007 11:04pm
This is an absolutely fabulous system. I've adapted and adjusted the system of what works for me. I have also been trading a channel system. THere are a couple of things i do which really helps the performance, and like CEO i'm also up signficantly over the past 2 weeks. Very positive this week as well.

Couple of things i do, take 1/2 position at a TP of 120 pips. Bring Stop to Break even. Will do only 3 trades in a day, expect if there is a quick loss on the first couple of bars, i will go to 4 a day.

Put in your order ( i do mine at 23 GMT) with stops, TP, and the Reversal order as well all at the same time. Often that is the only thing that needs to be done until the next day.

Good trading...

Jim No
  • #1,313
  • Edited 2:48am Mar 16, 2007 2:38am | Edited 2:48am
hey james,

the problem is that i put the trades at 2400 gmt and then i go to bed. next time i look at the price (often 0800 gmt) i often have two stops-outs and the market is moving away. so there is no possibility for a new entry. but with oanda it is not possible to enter more than these two trades because i only can enter one limit order. do you use the ea?
  • #1,314
  • Mar 16, 2007 6:56am Mar 16, 2007 6:56am
Quoting FXfreak
hey james,

but with oanda it is not possible to enter more than these two trades because i only can enter one limit order. do you use the ea?
I have the same with FXDD, unless somebody knows better of course.

Andy
  • #1,315
  • Mar 16, 2007 7:32am Mar 16, 2007 7:32am
Are you trading only GBP/JPY?

Quoting james275
This is an absolutely fabulous system. I've adapted and adjusted the system of what works for me. I have also been trading a channel system. THere are a couple of things i do which really helps the performance, and like CEO i'm also up signficantly over the past 2 weeks. Very positive this week as well.

Couple of things i do, take 1/2 position at a TP of 120 pips. Bring Stop to Break even. Will do only 3 trades in a day, expect if there is a quick loss on the first couple of bars, i will go to 4 a day.

Put in your order ( i do mine at 23 GMT) with stops, TP, and the Reversal order as well all at the same time. Often that is the only thing that needs to be done until the next day.

Good trading...

Jim No
  • #1,316
  • Mar 16, 2007 7:56am Mar 16, 2007 7:56am
You need to set up a system to wake you up when you hit your stops....so you can enter a new order...or use an ea....

Set up a demo account with some mt4 broker and use their alarms for free...at least thats how i do it.


Quoting FXfreak
hey james,

the problem is that i put the trades at 2400 gmt and then i go to bed. next time i look at the price (often 0800 gmt) i often have two stops-outs and the market is moving away. so there is no possibility for a new entry. but with oanda it is not possible to enter more than these two trades because i only can enter one limit order. do you use the ea?
  • #1,317
  • Mar 16, 2007 8:14am Mar 16, 2007 8:14am
first negative week for me
-150 pips...
3 consecutives negative days...
I wonder why if the market's range is well over 250 pips a day (GBP/JPY) I couldn't catch the trend...
I see all action overnight...Maybe we should skip Asia session (most of SL were hit during first 2 or 3 candles)...
just a thought...
I hope things change next week...

Have a nice weekend...
  • #1,318
  • Mar 16, 2007 8:35am Mar 16, 2007 8:35am
Quoting FXfreak
hey james,

the problem is that i put the trades at 2400 gmt and then i go to bed. next time i look at the price (often 0800 gmt) i often have two stops-outs and the market is moving away. so there is no possibility for a new entry. but with oanda it is not possible to enter more than these two trades because i only can enter one limit order. do you use the ea?
I looked at oanada and tried their demo and was surprised that they don't do STOP orders. So for me i CANNOT use this platform because this is a stop and reverse system. I hear you on that one. Tried to figure out another way but to no avail. Use the MT4 platform. So you can't trade this system imo with Oanda.

No, i don't use the EA's at all. I will get up half way into the London session to see if something else is happening. I personally have some discretionary filters i use, but not many. I rarely will get up and see me stopped out twice. So putting in the stop and reverse order ahead of time does make sense for me.


Jim NO
  • #1,319
  • Mar 16, 2007 8:46am Mar 16, 2007 8:46am
Quoting james275
I looked at oanada and tried their demo and was surprised that they don't do STOP orders. So for me i CANNOT use this platform because this is a stop and reverse system. I hear you on that one. Tried to figure out another way but to no avail. Use the MT4 platform. So you can't trade this system imo with Oanda.

No, i don't use the EA's at all. I will get up half way into the London session to see if something else is happening. I personally have some discretionary filters i use, but not many. I rarely will get up and see me stopped out twice. So putting in the stop and reverse order ahead of time does make sense for me.


Jim NO
I use Oanda for this system and use their "limit" orders for entry with a SL & TP. You can place a limit order above or below the market and acts as a "Stop" order.
  • #1,320
  • Mar 16, 2007 8:56am Mar 16, 2007 8:56am
Also with oanda you can effect a stop and reverse by placing an opposing limit order for 2 * your desired lot size.

i.e.

buy 100,000 units at 224.00
place limit sell order for 200,000 units at 223.00

when sell limit order is executed stop and reverse will effect.

-decca

Quoting Al_Have1
I use Oanda for this system and use their "limit" orders for entry with a SL & TP. You can place a limit order above or below the market and acts as a "Stop" order.
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