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  • 108 Results (3 Threads , 105 Replies )
  • Colostarr replied Jun 30, 2011

    I have a few trades open from yesterday, but otherwise from 1H standpoint price has moved well away from almost all Blue lines. After movement like yesterday, seems the next day always uncertain. These trades are all from other methods. Reason for ...

    Simple Simon Balance Line Trading
  • Attached Images (click to enlarge)
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  • Colostarr replied Jun 29, 2011

    Sure thing, Look at the attached chart. You will notice that I placed a buy stop just above the resistance level where it broke out. In the trading world this is known as a "Breakout" trade. See how price was rangebound between support and ...

    Simple Simon Balance Line Trading
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Name: audusd.gif
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  • Colostarr replied Jun 29, 2011

    USDJPY?? — Anyone know why the USDJPY dropped like it did? I had set a pending order just below the balance line and then left my office for about 35 minutes. Came back to a nice 24 pip surprise. USDJPY +10 pips locked currently at +24

    Simple Simon Balance Line Trading
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Name: usdjpy.gif
Size: 17 KB
  • Colostarr replied Jun 29, 2011

    Cant believe I missed this move - oh wait yes I can as it would have triggered WHILE I DIDN'T HAVE ANY INTERNET LAST NIGHT

    Simple Simon Balance Line Trading
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  • Colostarr replied Jun 29, 2011

    I am liking the USDJPY 1H approach to the line. The 50 and balance line are spun nice and tight, I think we might see a nice push through here.

    Simple Simon Balance Line Trading
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Size: 16 KB
  • Colostarr replied Jun 29, 2011

    AUDUSD — Trade still alive. Momentum has slowed AUDUSD +120 locked currently at +142

    Simple Simon Balance Line Trading
  • Attached Image (click to enlarge)
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Name: audusd.gif
Size: 18 KB
  • Colostarr replied Jun 29, 2011

    Update — Trade update: AUDUSD trade still alive! +100 pips locked currently at +123

    Simple Simon Balance Line Trading
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Name: audusd.gif
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  • Colostarr replied Jun 29, 2011

    Price — Because price has a mind of it's own - you simply never know what it will do - this is EXACTLY why you trail your stops and forget that TP's exist It looks like for now price is ignoring the divergent candles on the EURUSD and AUDUSD ...

    Simple Simon Balance Line Trading
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Name: eurusd.gif
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  • Colostarr replied Jun 29, 2011

    Coming to an end — All trades are coming to an end. I won't post USDCAD chart because I closed it on my own at +38 pips. USDCAD: Closed +38 pips EURUSD: stop at 1.4383 (+97 pips) AUDUSD: stop at 1.0567 (+81 pips) EURUSD and AUDUSD both have ...

    Simple Simon Balance Line Trading
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Name: eurusd.gif
Size: 36 KB Click to Enlarge

Name: audusd.gif
Size: 18 KB
  • Colostarr replied Jun 29, 2011

    No - I was NOT whipsawed look at the attachment and see "Entry candle" This is a BOUNCE trade

    Simple Simon Balance Line Trading
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Name: eurusd.gif
Size: 36 KB
  • Colostarr replied Jun 29, 2011

    Trades progress — OK, Look at the attached charts. PLEASE NOTICE THAT THERE ARE NO TP LEVELS. I AM MANAGING THESE TRADES FOR AS LONG AS PRICE ALLOWS. EURUSD: +60 Locked currently at +84 AUDUSD: +60 Locked currently at +80 USDCAD: +30 locked ...

    Simple Simon Balance Line Trading
  • Attached Images (click to enlarge)
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Name: audusd.gif
Size: 18 KB Click to Enlarge

Name: eurusd.gif
Size: 35 KB Click to Enlarge

Name: usdcad.gif
Size: 17 KB
  • Colostarr replied Jun 29, 2011

    EURUSD — Well lets hope that this is the start of a nice long ride x3 EURUSD: +60 locked currently at +84 AUDUSD: +40 locked currently at +61 USDCAD: +20 locked currently at +38 See charts, let me know if you have any questions

    Simple Simon Balance Line Trading
  • Attached Images (click to enlarge)
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Name: eurusd.gif
Size: 36 KB Click to Enlarge

Name: audusd.gif
Size: 18 KB Click to Enlarge

Name: usdcad.gif
Size: 17 KB
  • Colostarr replied Jun 29, 2011

    Pleasant surprise — Logged into my Oanda trade station to see that the EURUSD trade I took yesterday is alive and doing quite well. EURUSD +40 pips locked currently at +63 I guess losing internet isn't always bad after a trade triggers. This ...

    Simple Simon Balance Line Trading
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Name: eurusd.gif
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  • Colostarr replied Jun 28, 2011

    Took 4 trades yesterday afternoon: EURAUD stopped out at BE USDJPY (breakout trade) stopped for a loss -34 pips USDCAD +20 pips locked currently at +30 AUDUSD +20 pips locked Currently at +44

    Simple Simon Balance Line Trading
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Name: usdcad.gif
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  • Colostarr replied Jun 28, 2011

    USDJPY also from a breakout triggered in

    Simple Simon Balance Line Trading
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  • Colostarr replied Jun 28, 2011

    EURAUD AUDUSD — 2 trades signaled in for me. 1st was EURAUD stop currently at BE 2nd was the AUDUSD breakout trade Stop at BE

    Simple Simon Balance Line Trading
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Name: audusd.gif
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  • Colostarr replied Jun 28, 2011

    Kitty, Kitty — Maybe kitty, kitty want to come out and play after all! Buy stop triggered from the 50 EMA bounce

    Simple Simon Balance Line Trading
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Name: euraud.gif
Size: 17 KB
  • Colostarr replied Jun 28, 2011

    A little concerned with that FIB line quote=Colostarr;4732635]I took the AUDUSD on a break out. had a Buy stop just above the resistance level.[/quote]

    Simple Simon Balance Line Trading
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Name: audusd.gif
Size: 18 KB
  • Colostarr replied Jun 28, 2011

    Mystified — Wow - perfect set up but went wrong direction. I guess Kitty didn't want to come out and play

    Simple Simon Balance Line Trading
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Name: euraud.gif
Size: 17 KB
  • Colostarr replied Jun 28, 2011

    Heeeeerrreeee kitty, kitty, kitty

    Simple Simon Balance Line Trading
  • Attached Image (click to enlarge)
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Name: euraud.gif
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