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- Al_Have1 replied May 21, 2007
FYI — Using the original rules, my backtesting of G/J shows losing weeks from Mar 20 -Apr 14 and May 8 - Jun 9 of 2006. Then it takes off again until Mid Sept - Mid Nov. Maybe there is a reason for 2007 repeating performance...or not? I have ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied May 8, 2007
The top of the trend run. The trend is very clear on the chart (I like 4h) and it has since broken the lower trendline which would put me in a short position with TPs at the fibos. 1st stop: 160.54
Daily GBP/JPY analysis
- Al_Have1 replied May 7, 2007
If this is a top (which it hasn't confirmed to me yet), be sure to check your fibos too. I don't play the E/Y but if I did, I would be entering a long position now (because it is testing the lower trendline) with a TP at the upper trendline. And I ...
Daily GBP/JPY analysis
- Al_Have1 replied May 5, 2007
Going long? — I have read a lost of posts that suggest that people are jumping in long positions based on speculation of the news. That type of trading scares me. If your system works, great! But, for the novice, looking for advice, please ...
Daily GBP/JPY analysis
- Al_Have1 replied May 3, 2007
I agree, but there are others too that might make it a choppy ride to 125.
Daily GBP/JPY analysis
- Al_Have1 replied May 3, 2007
I agree. Sort of. We are in a nice uptrend, but I would wait and buy on a dip to the lower trendline. If you look at 2002-2003, resistance levels could make it choppy at the top. Just my two cents.
Daily GBP/JPY analysis
- Al_Have1 replied May 1, 2007
Thanks for sharing. I tried this today (went long) and it worked great except I am leaning away from the 3 day reverse rule. I am having a little trouble following a couple of your suggestions. My questions are this: First (long) target is +60. If ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Apr 19, 2007
GREAT ADVICE BLACKINC! Money management is the key to making it work. Newbies should build a spreadsheet with your paper results and plug in different risks 2%-10% and look at your drawdown. You need to find a number that you are mentally ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Apr 13, 2007
Tip — What I do is open my clock (control Panel>Date/Time) and change the time zone to GMT. Then compare it to the "Market Watch" clock on the MT ticker. MT clock - PC clock = shift Be sure to add 12 to PC if it is PM. My question has always ...
Daily Scalping EA - Discussion Thread
- Al_Have1 replied Apr 13, 2007
Tough Week — Well...it was a tough week again for the TK system. Here are my results for the week (entry: I look for a good entry between 23:00 & 24:00, SL=40, no TP, Max trades/day: 2) M: -56, -11 (I changed my SL to 50+spread...never again, ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Apr 12, 2007
EA settings — Sky, would you please post your settings you used to achieve your pips. Also, please be specific on time zone. Thanks!
Daily Scalping EA - Discussion Thread
- Al_Have1 replied Apr 4, 2007
My SL is tighter at 40 even. I don't allow for the spread. Maybe I should.
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Apr 4, 2007
No trade today for me — I don't like the range G/Y is in today and I am certainly not going to enter a trade right in the middle where it could whipsaw if it continues its range. Friday is a Holiday so here is my score for the week: M: -40, ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Apr 3, 2007
I like it. You are correct on your math and I haven't really thought about it because it usually either runs or reverses. As TK always says "you need to develop your own style." Personally, I may or may not carryover on your example. If it was the ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Apr 3, 2007
Great info. Thanks for sharing. I do enter at 23:00 (lately 24:00 seems more profitable) & I enter on previous day candle or reverse on 3. Throw in a doji or Sunday candle and I try to use a little fundamentals to help determine direction. I have ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Apr 3, 2007
Busy gathering profits here... so far: M: -40, -40, +100 (I normally only take 2 losses/day but got whipped in my 1st hr at 23:00. So I decided to run it at 24:00 as well) T: +179, +140 +179 was the carryover from yesterday. I normally don't use TPs ...
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Mar 31, 2007
Please...you can call me Al.
Part Time Wealth Building Trading System - Daily Scalping: R U looking at G/Y like I am? I went short at 231.56 (23:00GMT) and rode it all the way down with no stops to 229.29. FYI: If I would have entered at 24:00, I would have squeezed another 28 pips from the top, but ...
- Al_Have1 replied Mar 30, 2007
M: -40, 107 T: -40, -40 W: 227 R: -40, -40 F: -40, -40 Total: +56 (-24 with caryover) 23:00GMT entry
Part Time Wealth Building Trading System - Daily Scalping
- Al_Have1 replied Mar 29, 2007
Spread gouging! — WOW! I just watched the spread on GBP/JPY go from 7 to 25 on Oanda! It only moved about 10 pips.:surprised
Part Time Wealth Building Trading System - Daily Scalping