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Simple Simon Balance Line Trading

  • #221
  • Jun 13, 2011 11:47am Jun 13, 2011 11:47am
Hey mate you're not alone. I'm a bit of a newb but love this thread. I'm trading your strat live but small lot sizes. Going OK but I've made a few rookie mistakes. Mostly get too keen sometimes and jump into a trade that isn't really there. As i get better I'll try to contribute more. Thanks again for all your help.
  • #222
  • Jun 13, 2011 11:49am Jun 13, 2011 11:49am
EDIT USDJPY taken out +10 pips
EURJPY still alive +30 pips

5 trades 5 wins currently up 144 pips

Quoting Colostarr
EDIT: EURJPY Currently up 30 pips
USDJPY currently up 20 pips

5 trades, 5 wins currently up: 154 pips
  • #223
  • Jun 13, 2011 11:52am Jun 13, 2011 11:52am
Colo, don't worry let's just make some pips
  • #224
  • Jun 13, 2011 11:53am Jun 13, 2011 11:53am
Quoting Colostarr
Ah - Finally a contributor! I am looking in to getting this thread taken down. I hate it when people just snipe a method and can`t contribute
I took the EURUSD as well. Let's see. I took the AUDUSD buy earlier and got stopped out for small loss.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 15 KB
  • #225
  • Jun 13, 2011 11:59am Jun 13, 2011 11:59am
pippin`s easy with this method - I was starting feel like I was talking to myself!

Quoting ferndog
Colo, don't worry let's just make some pips
  • #226
  • Jun 13, 2011 12:00pm Jun 13, 2011 12:00pm
Quoting Redwing
I took the EURUSD as well. Let's see. I took the AUDUSD buy earlier and got stopped out for small loss.
Attachment
Euro bounced nicely off the pivot and the blue line...so that was a nice one going down.
  • #227
  • Jun 13, 2011 12:01pm Jun 13, 2011 12:01pm
Colostarr,

traders like me are more than appreciative of your efforts...

many many thanks

grant
  • #228
  • Jun 13, 2011 12:04pm Jun 13, 2011 12:04pm
I seen that AUDUSD buy signal too, but did`t like it. See? If you would have asked i would have advised against it!!

I actually wasn't real thrilled with the sell signal, until I looked at the daily. We are approaching Friday`s low. Might be a good one, and it closed really close to the blue line...we shall se

Quoting Redwing
I took the EURUSD as well. Let's see. I took the AUDUSD buy earlier and got stopped out for small loss.
Attachment
  • #229
  • Jun 13, 2011 12:06pm Jun 13, 2011 12:06pm
Awesome Grant! Thank you!

Quoting grant18265
Colostarr,

traders like me are more than appreciative of your efforts...

many many thanks

grant
  • #230
  • Jun 13, 2011 12:07pm Jun 13, 2011 12:07pm
Hi Colostarr, Others

here is an indi you might find useful.

It is the Smoothed MA 13 Shifted 8 based on Median (ie. Alligator)

It has alerts for buy & sell

It calculates the Entry price & stop loss

Buy Stop Entry = High + Spread + Buffer
Buy Stop SL = Low - SL.Buffer

Sell Stop Entry = Low - Buffer
Sell Stop LS = High + SL.Buffer

It will either send an alert for buy / sell or mixed (when close is on MA)

Regards
John
Attached File(s)
File Type: mq4 !SS Balance Line with Alert.mq4   8 KB | 851 downloads
  • #231
  • Jun 13, 2011 12:09pm Jun 13, 2011 12:09pm
approaching a resistance on AUDUSD (Friday`s low). Might get bumpy, but if we push through it, it could be a fun ride.
  • #232
  • Jun 13, 2011 12:11pm Jun 13, 2011 12:11pm
SAAAWEEETTTT! Thank you brother!

Quoting jmw1970
Hi Colostarr, Others

here is an indi you might find useful.

It is the Smoothed MA 13 Shifted 8 based on Median (ie. Alligator)

It has alerts for buy & sell

It calculates the Entry price & stop loss

Buy Stop Entry = High + Spread + Buffer
Buy Stop SL = Low - SL.Buffer

Sell Stop Entry = Low - Buffer
Sell Stop LS = High + SL.Buffer

It will either send an alert for buy / sell or mixed (when close is on MA)

Regards
John
  • #233
  • Jun 13, 2011 12:14pm Jun 13, 2011 12:14pm
If we can get down there, aud-usd 1.0528 could be a nice TP for the day
  • #234
  • Jun 13, 2011 12:15pm Jun 13, 2011 12:15pm
Thanks Macada - Welcome aboard - don't be afraid to ask questions - I try to answer every post!

Quoting macada
Hey mate you're not alone. I'm a bit of a newb but love this thread. I'm trading your strat live but small lot sizes. Going OK but I've made a few rookie mistakes. Mostly get too keen sometimes and jump into a trade that isn't really there. As i get better I'll try to contribute more. Thanks again for all your help.
  • #235
  • Jun 13, 2011 12:18pm Jun 13, 2011 12:18pm
Too right. I hate leaving trades running while I sleep, but sleep is coming for me - 17 hours and counting.

Trading this method has caused me to lose sleep the past couple weeks.

Quoting ferndog
If we can get down there, aud-usd 1.0528 could be a nice TP for the day
  • #236
  • Jun 13, 2011 12:20pm Jun 13, 2011 12:20pm
The bottom of AUDUSD has been tested twice today - hopefully a third test will push through. Notice the slight retracement right now?
  • #237
  • Jun 13, 2011 12:24pm Jun 13, 2011 12:24pm
Take a look at the daily for EURUSD. Price is sitting right on the blue line. Notice every other time price crossed the blue line? Looks promising

Hopefully we don't get a daily bounce off the line, would LOVE to see it push through and close just below it!
  • #238
  • Jun 13, 2011 12:25pm Jun 13, 2011 12:25pm
Took both these buys. The approach to the blue line on the EURCAD was a bit flat but I've given it a go....fingers crossed. Did anyone else take either of these?
  • #239
  • Jun 13, 2011 12:32pm Jun 13, 2011 12:32pm
I don't trade the EURAUD, the EURCAD is a bit too slow for my liking right now. But the pair looks like it could take off north - Did you get triggered in or did you go market?

Quoting macada
Took both these buys. The approach to the blue line on the EURCAD was a bit flat but I've given it a go....fingers crossed. Did anyone else take either of these?
  • #240
  • Jun 13, 2011 12:35pm Jun 13, 2011 12:35pm
A wise man once said "Let the price come to you" so i do. Both triggered in
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