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Simple Simon Balance Line Trading

I had a buy for the A/$ & in @1.08470; Buy @ 1.43550 for the E/$ (triggered.) Both on the 1H TF at 07:00 CDT.
Thanks Titch. So you will take a trade after bouce off s&r line and price goes through BL and 50 ema correct?
Quoting Jules9
Thanks Titch. So you will take a trade after bouce off s&r line and price goes through BL and 50 ema correct?
Hi Jules

I will but I will also look at the s/r levels of the consolidation. If it is close I will wait for this to break. If there is some room I will enter then look to do a sequential exit at that point and put the trade to scratch so even if it returns I still walk away with a profit. Also it may not be a bounce it could be a break of the trend line in to a reversal so wait and look what happens as price hits the trend line. If it breaks the trend line then I will do the same as above with regards to the consolidation s/r bl and 50ema.

I hope this helps
Happy trading all. Titch
Sure does . Thanks
Quoting Jules9
Sure does . Thanks
No problems
Happy trading all. Titch
My E/$ buy was stopped out for a -25 pips. I shouldn't have traded in an area of congestion, I have to start looking left more! My A/$ is struggling to get back to BE and the same comments can be applied to that trade also. I did have trend confirmation on the 4H & 15M TFs but just too choppy for a decent trade. Hope you all do better, p.
Quoting piprac
My E/$ buy was stopped out for a -25 pips. I shouldn't have traded in an area of congestion, I have to start looking left more! My A/$ is struggling to get back to BE and the same comments can be applied to that trade also. I did have trend confirmation on the 4H & 15M TFs but just too choppy for a decent trade. Hope you all do better, p.
Sorry to hear that piprac

Unless the congestion area is quite wide I do tend to wait for it to break the high or low.

I hope this helps
Happy trading all. Titch
Hi Neil, did you catch the highs of today?and also the BL setups nzd/usd eur/usd aud/usd etc... I hope everybody did well.
Quoting southbeach
Hi Neil, did you catch the highs of today?and also the BL setups nzd/usd eur/usd aud/usd etc... I hope everybody did well.
I caught the GBP USD bounce and break of previous day and congestion high, currently up 90 pips
Also caught the AUD USD beautiful bounce and break of congestion high,
currently up 91 pips.
Both trades the way I love to trade. Breakout of previous days high especially when it has been in a congestion. Love them as you know.
Happy trading all. Titch
Quoting Titch
I caught the GBP USD bounce and break of previous day and congestion high, currently up 90 pips
Also caught the AUD USD beautiful bounce and break of congestion high,
currently up 91 pips.
Both trades the way I love to trade. Breakout of previous days high especially when it has been in a congestion. Love them as you know.
Hi Titch,

would you mind to post your today's trigger charts, I would like to see when did you enter and what was your SL? For study purposes

Thanks in advance,
Milan
Quoting kapybara
Hi Titch,

would you mind to post your today's trigger charts, I would like to see when did you enter and what was your SL? For study purposes

Thanks in advance,
Milan
Hi Milan,

Will do in a bit as I am a bit busy at the moment sorting out some other trades. If you look at the chart I posted yesterday you will see how I marked the chart up ready to take the trade

I hope this helps
Happy trading all. Titch
Quoting Titch
Hi Milan,

Will do in a bit as I am a bit busy at the moment sorting out some other trades. If you look at the chart I posted yesterday you will see how I marked the chart up ready to take the trade

I hope this helps
Attached chart of AUD USD 1Hr perfect bounce from trend line as well as balance line and 50 ema. Thin red line is first SL, partial profits taken at consolidation high and then SL moved to BE. Then SL moved up to manage the trade.

I hope this helps
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd 1hr.gif Size: 20 KB
Happy trading all. Titch
Hi all

That is me done!

As you are all aware I put a post up a few weeks ago to say I was working on a new project. Well it has now come to the point where I need to concentrate on that. After being involved in this thread it became clear to me that a lot of traders had a real lack of understanding of trading principles such as money management, support and resistance, trend lines and breakouts to name but a few. I have tried to help everyone as much as I can on here but after sifting through the internet to find material to help people learn I also discovered there was a lot of complete rubbish out there with people just interested in making a big profit and teaching noting and providing no support.

I have had so many requests from traders on here asking for me to teach them the principles of trading which is why I have decided to open my own trading school to help and support people through their learning process on how to trade.

The response has been phenomenal which is why I need to dedicate my time to them as well as my own trading.

I would like to wish you all the very best of luck and hope you all become successful traders!

Below is my personal email address for anyone who would like to stay in touch please feel free to drop me a line to let me know how things are going!

[email protected]

Kind Regards

Neil Taylor (Titch)
Happy trading all. Titch
@Colostarr
Thank you very much for sharing this nice tradingsystem.
I hope you are well.

@Titch
Thanks for your time and effort. I learned a lot from it.
Wish you success whith your trading school.
Congradulations! I wish you much success. Just remember one thing! You can only lead the horse to the river. You cannot force him to drink. In other words stick with the horses that want to drink
Hope it all works out great for you. Will you be doing any online stuff ?
I'm afriaid this might be the end of this board without Titch and Colostarr around.
Good luck Tich and wish you all the best.
http://www.trythisnow.co.uk/TheTeam.php

This is the forum he mentioned right? Rick = Colostarr correct? Just want to make sure i have the right system...guess i'll just read this thread instead of buying....if this is the right person and system..can somebody confirm.
yes that link is correct for Neil and Rick (Colostarr)
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