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- moneyquest replied Jun 11, 2007
Today's result: (11th June 2007) GBP/USD: -27 pips (Short trade closed.) Net result of the JUne so far=+206 pips MQ
Part Time Wealth Building Trading System - Daily Scalping
- moneyquest replied Jun 8, 2007
Today's result (8th JUne 2007) GBP/USD:+99 pips Result for the June so far:+233 pips MQ
Part Time Wealth Building Trading System - Daily Scalping
- moneyquest replied Jun 8, 2007
Yes, I don't set TP but SL. Drawdown is not one day loss but reduction in capital due to consecutive losses until it makes another equity high. I hope you know this. Since April 2007, I log my trades and I have got 190 pips drawdown (max). MQ
Part Time Wealth Building Trading System - Daily Scalping
- moneyquest replied Jun 7, 2007
Based on my trading log since April 2007, I think restricting TP is not good idea. Anyway I didn't mean any offence my friend. If you are comfortable with your rule, stick to it. I don't want to change your rule. I was just trying to share my view. ...
Part Time Wealth Building Trading System - Daily Scalping
- moneyquest replied Jun 7, 2007
I am using 50 pips SL if trading with the trend and 40 pips if trading against the trend. I don't use TP at all. Just close the trade at the end of the day. No more than 2 trade per day. Today, I deviate from my discipline and paid almost 50 pips ...
Part Time Wealth Building Trading System - Daily Scalping
- moneyquest replied Jun 7, 2007
I don't think setting TP to 50 pips is a good idea. This system has %winning ratio of around 55-65% (approx.) only. MQ
Part Time Wealth Building Trading System - Daily Scalping
- moneyquest replied Jun 7, 2007
Today's result: (7th JUne 2006) GBP/USD: Long position: -50 pips Short position:+50 pips Net result=0 pips Result of JUne so far=+132 pips There is a strong support at 1.9821 (61.8% Fib of 1.9732-9964). I prefered to close the short trade and ...
Part Time Wealth Building Trading System - Daily Scalping
- moneyquest replied Jun 6, 2007
Today's result (6th June 2007) GBP/USD:-4 pips Result of June so far:+132 pips Today, the candle closed with perfect doji. I entered long position for Tomorrow as trend is still upward and price is above 25 days MA. I hope that bullish tone on the ...
Part Time Wealth Building Trading System - Daily Scalping
- moneyquest replied Jun 5, 2007
Today's result (5th June 2007) GBP/USD:+10 pips June result so far:+136 After flat May, let's see how June trades work out. I don't take reverse trade after 3 consecutive bull/bear candle. I don't see any logic behind that. When market trends, it ...
Part Time Wealth Building Trading System - Daily Scalping
- moneyquest replied Jun 5, 2007
June Result: 1-06-07 +32 pips 4-06-07 +94 pips Total so far=126 pips MQ
Part Time Wealth Building Trading System - Daily Scalping
- moneyquest replied Jun 3, 2007
After more than 3 weeks of ranging in very little range, GBP/USD has very high probability of breakout (Hopefully upside). I will hang on to the GU trades. Longer the ranging market, more valid the breakout. MQ
Part Time Wealth Building Trading System - Daily Scalping
- moneyquest replied May 31, 2007
My result of month of May: Net profit/loss=-5 pips No of winning trades =11 No. of losing trades=11 Drawdown this month=165 pips Result of April: Net profit/loss=+360 pips No of winning trades=14 No. of losing trades=6 Drawdown of month=190 pips MQ
Part Time Wealth Building Trading System - Daily Scalping
- moneyquest replied May 27, 2007
This system looks promising. Agree with Al. It works better in Trendy days. My result: April 360 pips May 83 pips (So far) MQ
Part Time Wealth Building Trading System - Daily Scalping
- moneyquest replied Apr 27, 2007
Find herewith trades taken for EUR/USD and USD/CHF (open trades as well as close trades). I am adding one trade (both pair every day). Collecting swap as well as closing the trade when I see price difference of 20+ on any pair. I open the new trade ...
Safe Hedging System - Daily Swap
- moneyquest replied Apr 27, 2007
Hi all, I am trading this system (on demo) different way then it used to. Looks promising. I simply go long if last day's trend is up and short if last day's trend is down. Original stop loss=-40 pips. Whenever price is +80 pips, I change the SL to ...
Part Time Wealth Building Trading System - Daily Scalping
- moneyquest replied Apr 19, 2007
Hi all, I am paper trading EUR/USD and USD/CHF. It is working well. Opening 1 mini trade every day and collect 0.3$ swap difference. Whenever I see +20 to +25 pips difference between two pair on any day, I close the trade of that day and collect the ...
Safe Hedging System - Daily Swap
- moneyquest replied Apr 13, 2007
Two trades after the NFP release: 1st trade: -200 pips (100 pips each) 2nd trade:+50 pips Moneyquest
NFP System - Backtest data provided