Simple Simon Balance Line Trading

Hi Guys,

I am new to this interesting thread, looks cool!

I have found that to replicate Colostarr's USD/CAD chart, I have used 9 Shift instead of 8 and Apply to, Close, it then matches perfectly!

Just a thought Colostarr, could you change the line colour to a vivid blue?

It will then be so much easier to see.

USD CAD looks to close below the blue line

Sell stop at:.9756

I actually forgot that I set this pending order on the eurchf.

Set a sell stop at 1.2101 from a bounce off the blue line. The candle did not actually touch the blue line, but was close enough for me and the pair is trending down.

I now have my stop at 1.2050 50 pips locked in, will simply ride it till the doors fall off.

In case you are wondering why there are 2 orders on the chart, the other one is from a different method that will not be discussed in this forum!!

Right now I have both trades with pips locked in.

Ahhh, I do love when price comes knocking!

AUDUSD approaching blue line. Angle is a little weak, but will keep an eye on it

USDJPY approaching blue line

I cancelled this pending sell stop. USDCAD is going rangebound.

GBPUSD? ...entry : 1.62944 (my spread= 25); sl= 1.62607. may be a good entry?? thanks

Be careful today, bank holidays in Switz. France, & Germany.

AUDUSD bounced and closed below the blue line:

Sell stop at: 1.0550
Stop at: 1.0585

Entry looks valid. Keep stops tight due to bank holidays!

That is good advice. If my AUDUSD doesn't trigger I think I'll just ride my trades from EURCHF and call it a day!

GBPUSD was a good call - moving upward nicely! Wish I would have caught it@

I think is good..

Price action feels weird today - I'd put a trailing stop on that if it were my trade. Just seems like it is struggling upwards

EURJPY setting up for a potential bounce off the blue line

Why - o - Why couldn't I have been in on this trade?? I would have 31 pips locked in now, and just sitting back and watching it - stress free

I guess having 50 pips locked in on one trade and 24 on another is some consolation from missing the USDCHF trade.

Still not ready to move my stops yet. Would be too tight and PA has slowed a bit, besides I think it will still go down.

So the USDCHF would have been stopped out at 31 pips! Good, now I don't have it watch it keep going down in disgust!

G'day Colostarr and fellow threadian's,

I was on the USD/CHF earlier, but pulled out a couple of times taking 8 pips here, and i think 10 more when i re-entered. Will post charts when i reckon i've got more of a clue. I sensed it might've been a longer trade, but inexperience, or more to the point, just being happy with a few pips for now suited me. Demo trading here only of course, and will be for awhile. I'm going to print out the rules to have with me for tomorrows trading, as i made a few error's, and that's okay. I think i'm beginning to see the power of the blue line, but early days for this total novice yet. Enjoying having a crack anyway. Geez, you've got to be patient, that's for sure.

Colostarr, what would a typical trading session look like for you? e.g. How long would you spend in front of the screen on a given day, (i'm sure it varies) if you don't mind me asking?

Best wishes everyone.

Hi Colostarr, great to see you hanging in here and following up with your trades with good results.

Eur/Usd is about to cross the blue line, check it out.
As I said before, your strategy is very simple, and easy to spot. So I am gonna add it to my strategies and check on this tread and trade at the same time to gain discipilne which I am working on hehe.

Keep the good work, and if I follow your tread, I will be for sure discipined.

Thanks for the good job.

Adam