Simple Simon Balance Line Trading | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

My way of trading by Using trend line , BL line & febo level 76 replies

Simple Horizontal Line Trading H1 87 replies

Programmers: Simple SendMail Line. Please Help 15 replies

Attachments: Simple Simon Balance Line Trading
Exit Attachments

Simple Simon Balance Line Trading

  • #341
  • Jun 14, 2011 11:09am Jun 14, 2011 11:09am
Just locked in 10 more pips +30 guaranteed, currently up +47

3 trades today
GBPJPY (BOUNCE): 91 pips
USDCAD (CROSS): 12 pips
USDCHF (BOUNCE): 30 pips locked still alive

for the week: +44 for Monday

12 trades, 10 wins currently up : 177 pips
  • #342
  • Jun 14, 2011 11:10am Jun 14, 2011 11:10am
Respect to you Colo
awesome trading mate

Tom(UK)
  • #343
  • Jun 14, 2011 11:16am Jun 14, 2011 11:16am
I was just wondering what to do in this situation.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 42 KB
  • #344
  • Jun 14, 2011 11:17am Jun 14, 2011 11:17am
Yeah brother - NEVER, EVER, EVER trade without a stop loss. ESPECIALLY with this method. The winners will overcome the losers. I had 2 losers yesterday, but more than made up for them with my first trade out the gate today. Stick around - We`ll go places! Welcome!

Quoting booktimes
Hi Colo and Guys
just wanted to say great thread and strategy, read the whole shabang twice and love the simplicity, colo thanks man, I got done with my 3rd trade on this yesterday with the e/u, set it without a stop loss and had to go out and got slaughtered for a 100 pips, though i had 2 winners earlier in day with 25 pips so a 75 loss, my fault and a expensive lesson, i have been trading on and off for about 3 years so should no better, I trade live not demo as i believe emotion is better tested live and kicks you better when you lose, but you...
  • #345
  • Jun 14, 2011 11:18am Jun 14, 2011 11:18am
Quoting Colostarr
Oh my GOD I think I got wood looking at that set up. I would have been ALL over that trade! Good catch!
Hi all

Gutted, I went to pick my son up from school and missed this. Still been a great day though.

Booktimes you are right, an expensive mistake in a live account means you learn and remember. At least you caught some pips earlier to soften the blow.

Early on in my trading career I did the same and blew an account. Boy did I learn.

Great trading day all and once again thanks for sharing the strategy Colostarr

Happy trading

Titch
Happy trading all. Titch
  • #346
  • Jun 14, 2011 11:21am Jun 14, 2011 11:21am
Well the big spike down was due to a news release by Trichet regarding the Eurozone - there is nothing you could have done there. As for the previous set up, not sure I would have been in that one!

Quoting criss73
I was just wondering what to do in this situation.
  • #347
  • Jun 14, 2011 11:22am Jun 14, 2011 11:22am
Colostarr what do u think about chf/jpy.
  • #348
  • Jun 14, 2011 11:25am Jun 14, 2011 11:25am
I have noticed this pair has slowed and is ranging now last 3 hours, on 1 hr timeframe, switched to 4 hour time frame and the price is now bouncing against the ma, just a couple of points, firstly, pays to switch and check on other tf and also, the awesome power of the ma, on the 1 hr tf it is indicating a longish trend and if it breaks through the ma on the 4 hr, then could be very profitable, or it may just bounce it down, worth watching
respect

Tom(UK)
  • #349
  • Jun 14, 2011 11:30am Jun 14, 2011 11:30am
Could someone please post Codemeister's indicator alert. I don't have it on my computer in the room and trying to wade through every page is aggravating.
I love the indicator - but cant find it now. it was called pips2ma I think
  • #350
  • Jun 14, 2011 11:31am Jun 14, 2011 11:31am
Hi all

Gutted, I went to pick my son up from school and missed the NZD/USD Trade.

Still been a great day though.

Booktimes you are right, an expensive mistake in a live account means you learn and remember. At least you caught some pips earlier to soften the blow.

Early on in my trading career I did the same and blew an account. Boy did I learn.

Great trading day all and once again thanks for sharing the strategy Colostarr

Finished for the day now as the wife is nagging!

Happy trading all

Titch
Happy trading all. Titch
  • #351
  • Jun 14, 2011 11:38am Jun 14, 2011 11:38am
is it?
Attached File(s)
File Type: ex4 Pips2MA.ex4   4 KB | 824 downloads
  • #352
  • Jun 14, 2011 11:43am Jun 14, 2011 11:43am
Your very welcome but we all need to thank Mr. Bill Williams. I simply just finally opened my eyes to his methods. That and I re-read the balance line chapter in his book!

It`s a great read if you get a chance. "Trading Chaos Second edition"

Quoting Titch
Hi all

Gutted, I went to pick my son up from school and missed the NZD/USD Trade.

Still been a great day though.

Booktimes you are right, an expensive mistake in a live account means you learn and remember. At least you caught some pips earlier to soften the blow.

Early on in my trading career I did the same and blew an account. Boy did I learn.

Great trading day all and once again thanks for sharing the strategy Colostarr

Finished for the day now as the wife is nagging!

Happy trading all

Titch
  • #353
  • Jun 14, 2011 11:51am Jun 14, 2011 11:51am
I think I will leave my stop at .8427 (+30 pips). I`ve made 133 pips today guaranteed, Lets see if price lets me rider her higher...

I do love riding those waves - it gets addictive quick!
  • #354
  • Jun 14, 2011 1:36pm Jun 14, 2011 1:36pm
thank you Pepemartin!





Quoting pepemartin
is it?
  • #355
  • Jun 14, 2011 1:37pm Jun 14, 2011 1:37pm
Jules - I never trade it, havent even looked at it with this method

Quoting Jules9
Colostarr what do u think about chf/jpy.
  • #356
  • Jun 14, 2011 1:41pm Jun 14, 2011 1:41pm
Colostarr do have favorites u like to trade like the majors or just random? Thanks. New here and just trying to figure system out. Looks good though.
  • #357
  • Jun 14, 2011 1:51pm Jun 14, 2011 1:51pm
Hi Jules9
I trade them a bit but for the last 10 days they have been flapping and I don't really swing trade. I have just had a look and today was a reversal of yesterday. Another forex fart! Also on my broker spreads are high. I would imagine there would be a breakout soon and looking this method would probably work fine but it's not one of my favorite pairs.
Happy trading all. Titch
  • #358
  • Jun 14, 2011 1:55pm Jun 14, 2011 1:55pm
Thanks Titch for advice.
  • #359
  • Jun 14, 2011 2:00pm Jun 14, 2011 2:00pm
Hi Colostarr,

First to say thank you for your great sharing.

And Would you please to explain: What are the AO and AC oscilator for? Are these Oscilator having any functions? Or just ignore them?

Thank you and best regards,
Anton
  • #360
  • Jun 14, 2011 2:14pm Jun 14, 2011 2:14pm
Quoting Jules9
Thanks Titch for advice.
If anyone is interested.
If I can find it tomorrow I have got an indicator I used to use that you put on each chart and it tells you exactly what your spread is for that chart at that precise time with your broker. This helped me at the start.
Happy trading all. Titch
1 trader viewing now