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Simple Simon Balance Line Trading

  • #261
  • Jun 13, 2011 10:51pm Jun 13, 2011 10:51pm
Jon0 why didn't you re-enter the USDJPY?? The next candle was a close just below the blue line and it went south nicely.

Quoting jon0
Some trades from today.What is wrong there????
  • #262
  • Jun 13, 2011 10:56pm Jun 13, 2011 10:56pm
Codemeister thank you for that. I made the changes and will let you know! I appreciate your contribution

Quoting CodeMeister
The alert was written a year ago, so it is meant for any system with an MA cross, which is why the message is generic. The 10 MA is the default, change the inputs to look like this. I am testing a new one to monitor multiple currency pairs.

I caught the Swissy short earlier.
  • #263
  • Jun 13, 2011 11:07pm Jun 13, 2011 11:07pm
Moved stop on USDCAD to .9750 - locked in 12 pips. Wanted to make it official with the close of the candle.
  • #264
  • Jun 13, 2011 11:09pm Jun 13, 2011 11:09pm
The alert seems to work. Had an alert pop up on EURCAD, although the pair is not trending right now, and I won't take the trade, but it did alert me when price got close to the blue line.

Good stuff - Thank you!
  • #265
  • Jun 13, 2011 11:10pm Jun 13, 2011 11:10pm
Is it possible to change the alert message to

"Price is approaching the yummy blue line"??

Now my slack of sleep is just getting ridiculous!
  • #266
  • Jun 13, 2011 11:12pm Jun 13, 2011 11:12pm
Moved stop GBPJPY to 131.46

65 pips locked in
  • #267
  • Jun 14, 2011 12:13am Jun 14, 2011 12:13am
It seems like price is respecting those 13 MA lines with 8 shift..At least for now. Questions is why these settings? Any inputs?
  • #268
  • Jun 14, 2011 12:15am Jun 14, 2011 12:15am
Quoting Colostarr
Jon0 why didn't you re-enter the USDJPY?? The next candle was a close just below the blue line and it went south nicely.
Hallo-i am from europe-it was early in the morning and night.And the renter USD-YEN was a loss again.Small but a loss.
  • #269
  • Jun 14, 2011 12:21am Jun 14, 2011 12:21am
Hello, I used this strategy Eur/Usd for the first time, and I was able to gain 75 pips in couple trades so far. I managed to combine it with my other strategy and it worked easily. Great way to trade.
  • #270
  • Jun 14, 2011 12:29am Jun 14, 2011 12:29am
Codemeister,
Question for you concerning the alert. The "Alertpips value" is set to 1. Does this mean that when price comes to within 1 pip of the blue line the alert triggers. I've received 3 alerts now and it seems to be too late (in 2 cases anyway). If I change the value to say 10, would that increase the alert, and I would be alerted at 10 pips prior as opposed to 1 pip?
  • #271
  • Jun 14, 2011 12:33am Jun 14, 2011 12:33am
Moved stop GBPJPY to 131.59 locked in 78 pips. Love riding those waves.

USD/CAD is struggling stop still at .9750 12 pips locked in


2 trades, 2 wins currently at: +90 pips for the day.

Stepping away from computer for a few hours.
  • #272
  • Jun 14, 2011 12:35am Jun 14, 2011 12:35am
EURCHF

Keep an eye on this pair - possible bounce trade or if it pushes through, possible blue line cross.
  • #273
  • Jun 14, 2011 12:55am Jun 14, 2011 12:55am
Quoting Colostarr
Codemeister,
Question for you concerning the alert. The "Alertpips value" is set to 1. Does this mean that when price comes to within 1 pip of the blue line the alert triggers. I've received 3 alerts now and it seems to be too late (in 2 cases anyway). If I change the value to say 10, would that increase the alert, and I would be alerted at 10 pips prior as opposed to 1 pip?
Not sure how much warning is needed with the alert. I assumed 1 pip was good because there is no chance of reversing. With 10 pips, it might never get closer to the MA. But everybody has a different idea, I suppose.
  • #274
  • Jun 14, 2011 1:00am Jun 14, 2011 1:00am
Live to trade another day. I dont like the EURCHF cross because price is approaching the physo number 1.21000 that is an awful flat number and may provide significant resistance.

And it coincides almost directly to where your buy stop would be

I'm staying away
  • #275
  • Jun 14, 2011 1:05am Jun 14, 2011 1:05am
That is what I thought. I like to "Know" when price is approaching. Once I know I will have time to assess "how" it approaches.

For example the EURCHF when I received the alert I was able to look at price. When I started to set my buy stop, I noticed it was moving too close to the 1.21000 level. Previously, i would have clicked the tab and hastily placed a buy stop without first assessing things - make sense?.

The alert already has benefits!

Thank you!

Quoting CodeMeister
Not sure how much warning is needed with the alert. I assumed 1 pip was good because there is no chance of reversing. With 10 pips, it might never get closer to the MA. But everybody has a different idea, I suppose.
  • #276
  • Jun 14, 2011 1:07am Jun 14, 2011 1:07am
Moved stop on GBPJPY to 131.71 Closed extremely bearish, I anticipate being taken out here. I've wrung this cloth for every drop. 90 pips locked

USDCAD still hovering at same level +12 pips locked

2 trades, 2 wins currently at +102 pips
  • #277
  • Jun 14, 2011 3:18am Jun 14, 2011 3:18am
Had a trigger (not hit) in place for a buy on the cross of the "Yummy" blue line although looks more like a bounce so i may get it the other way yet. Comments?
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 20 KB
  • #278
  • Jun 14, 2011 3:27am Jun 14, 2011 3:27am
The EURGBP is testing the blue line.
  • #279
  • Jun 14, 2011 3:27am Jun 14, 2011 3:27am
GBPJPY closed +90 pips
USDCAD closed +12

2 trades. 2 wins 102 pips
  • #280
  • Jun 14, 2011 3:29am Jun 14, 2011 3:29am
Hi all,

Nice and simple system. Subscribed.
Thanks for sharing Colostarr !

JP
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