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Attachments: Simple Simon Balance Line Trading
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Simple Simon Balance Line Trading

  • #521
  • Jun 16, 2011 6:07am Jun 16, 2011 6:07am
Noted with thanks
  • #522
  • Jun 16, 2011 6:10am Jun 16, 2011 6:10am
I just drew a fib on the EURGBP 4H. Price has come to a dead stop on the 61.8 fibo (retrace low to high). Well this is why god created the stop loss!
  • #523
  • Jun 16, 2011 6:23am Jun 16, 2011 6:23am
Although price IS consolidating and looks like it might push through this level. The daily cross was a text book cross, I guess if I take a trade based on the daily candle, I should use the "Daily" patience!


Quoting Colostarr
I just drew a fib on the EURGBP 4H. Price has come to a dead stop on the 61.8 fibo (retrace low to high). Well this is why god created the stop loss!
  • #524
  • Jun 16, 2011 6:24am Jun 16, 2011 6:24am
Quoting Colostarr
I just drew a fib on the EURGBP 4H. Price has come to a dead stop on the 61.8 fibo (retrace low to high). Well this is why god created the stop loss!
Well said my friend! Some we win, Some loose, Its what keeps us on our toes and keeps us coming back for more!
Happy trading all. Titch
  • #525
  • Jun 16, 2011 6:31am Jun 16, 2011 6:31am
Explosion as expected! That feels good! I should do this for a living! LOL
Happy trading all. Titch
  • #526
  • Jun 16, 2011 6:34am Jun 16, 2011 6:34am
WOW!
I COMPLETELY forgot that I still have the EURJPY open on my Oanda Platform. Haven't moved my stops or anything. Currently sitting at 162 pips!!

Too bad this isn't my Big trade account!
  • #527
  • Jun 16, 2011 6:38am Jun 16, 2011 6:38am
Nice surprise.
Happy trading all. Titch
  • #528
  • Jun 16, 2011 6:42am Jun 16, 2011 6:42am
Thank you for sharing your trading strategy. I have been using the core of what you share with outstanding success! For me I just wait until the first open above or below the balance line. Did it first on a demo making 250 pips. Then went live and currently, this week am up over 500 pips. Neat system, easy to use and profitable. So a deep thanks for sharing.

Puritan
  • #529
  • Jun 16, 2011 6:43am Jun 16, 2011 6:43am
I am trying to revamp my Oanda account. It was the account I was using when I blew $4k due to stupidity - no stop losses - Because I knew better and didn't need any stupid stop losses!

So I set the trade yesterday morning and through all the excitment of the afternoon - I completely forgot about it!

.10 lots 50/1 leverage - currently at $20.13 for 162 pips - hardly seems worth the effort!


Quoting Titch
Nice surprise.
  • #530
  • Jun 16, 2011 6:46am Jun 16, 2011 6:46am
Still a profit mate. Would be nice if it was more but more it confirms you are still trading well.
Happy trading all. Titch
  • #531
  • Jun 16, 2011 6:48am Jun 16, 2011 6:48am
Colostarr would you take the boue on usd/jpy?
  • #532
  • Jun 16, 2011 6:50am Jun 16, 2011 6:50am
Colostarr,

I been trading for about 6 years now. I have been following this thread since the beginning. Throughout my trading experience, I have been through over 200 different indicators, and about 80 different trading methods.
As an Engineer,( which is a detriment to my trading) I try to break down every trading method I come across to try and make it better, look for the possible pitfalls, or those little quirks that could get you into trouble while trading.

I look at 12 pairs and trade daily.

You got this trading system as perfect as I have seen any other, as far as entry and exit. The success ratio on the major pairs is 88%, minors is 87%.

Using your rules and trading the way I trade (using pin bars and pivot points) the following are: (From June 1st to present)
All 1H time frame unless otherwise noted
Majors:

EurUsd- 10 trades- 1 stop loss hit- Total of 1082 pips in profit
AudUsd- 13 trades- 2 stop loss hit- Total 668 pips in profit
GbpUsd- 9 trades- 1 stop loss hit- Total 696 pips in profit (30M)
UsdChf- 8 trades- 0 stop loss hit- Total 550 pips in profit
UsdJpy - 8 Trades- 1 stop loss hit- Total 207 pips in profit (30m)
UsdCad- 16 Trades- 4 stop loss hit- Total 564 pips in profit (30M)

Total Major Pairs (this includes all losses) 3767 pips in profit.

Minors:

NzdUsd- 8 trades-4 stop losses hit- Total 448 pips in profit
AudJpy- 14 trades-3 stop loss hit- Total 639 pips in profit
EurJpy- 17 trades -3 stop loss hit- Total 926 pips in profit
GbpJpy- 11 trades- 3 stop loss hit- Total 702 pips in profit (30M)
EurChf- 13 trades- 0 stop loss hit- Total 1073 pips in profit
EurGbp- 8 trades- 1 stop loss hit- Total 400 pips in profit

Total Minor pairs (this includes all losses) 4188 pips in profit.

Total all pairs: 7955 pips in profit since June 1st 2011.

Not to take away from Colostarr method, TF were changed based on the way I trade and what is comfortable for me.

NEWBIES-DO NOT TRY TO TRADE 12 PAIRS, ONLY TRADE 2 OR 3 UNTIL YOU GET CONSISTANT, THEN MOVE TO MORE PAIRS AS YOU FEEL COMFORTABLE.

Colostarr- I would highly recommend to take this method into competition, you would most certainly win. Thank you for showing this method, as you have changed my outlook in trading.
  • #533
  • Jun 16, 2011 7:03am Jun 16, 2011 7:03am
@jrushing,

Thanks for the fabulous recomendation for this method which I have only been following for 2 days and not yet made any trades.

I was wondering if you could post a few charts, with details about setups, entry and exit, of trades that you have made?

I am sure that, with your experience using this method, the examples would be of immense value to the thread and very useful to anybody who is reading this!

Thanks again, C.
OPPORTUNITY IS NOWHERE
  • #534
  • Jun 16, 2011 7:07am Jun 16, 2011 7:07am
WOW! A great big thank you for that contribution jrushing! I knew it was powerful - but not THAT powerful - fantastic post brother thank you for the compliment!

Where do I know your user name from??
  • #535
  • Jun 16, 2011 7:08am Jun 16, 2011 7:08am
Quoting Callisto
@jrushing,

Thanks for the fabulous recomendation for this method which I have only been following for 2 days and not yet made any trades.

I was wondering if you could post a few charts, with details about setups, entry and exit, of trades that you have made?

I am sure that, with your experience using this method, the examples would be of immense value to the thread and very useful to anybody who is reading this!

Thanks again, C.
Hi Callisto

If you go to the top right hand side of this thread where the page numbers are you will see 113 attachments. Click this there are plenty there to go through
Happy trading all. Titch
  • #536
  • Jun 16, 2011 7:22am Jun 16, 2011 7:22am
Tiich, have you been triggered?

I've got my sell stop just below support at 0.8476.


Quoting Titch
Explosion as expected! That feels good! I should do this for a living! LOL
  • #537
  • Jun 16, 2011 7:23am Jun 16, 2011 7:23am
Quoting Titch
Hi Callisto

If you go to the top right hand side of this thread where the page numbers are you will see 113 attachments. Click this there are plenty there to go through
Thanks for the tip, I have been right thru the thread a few times, but alas no charts from jrushing, just thought with all his sucess he could post an example of his style and finesse...
OPPORTUNITY IS NOWHERE
  • #538
  • Jun 16, 2011 7:31am Jun 16, 2011 7:31am
Here you go, as you can see I started using the SS method about the 1st of June, exits are as you fell comfortable, I use either S/R or as per this method the previous low of the previous candle. This is a fabulas system and a good one for Newbies to learn. If you floow the strict letter of the rules it has the least amount of risk as i have ever seen.

Quoting Callisto
@jrushing,

I was wondering if you could post a few charts, with details about setups, entry and exit, of trades that you have made?

I am sure that, with your experience using this method, the examples would be of immense value to the thread and very useful to anybody who is reading this!

Thanks again, C.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd ss and sr.gif Size: 31 KB
  • #539
  • Jun 16, 2011 7:37am Jun 16, 2011 7:37am
Can you post new setups and comment along the way . That way we can monitor and learn better . Any potential setups ?
  • #540
  • Jun 16, 2011 7:48am Jun 16, 2011 7:48am
Quoting jrushing
Here you go, as you can see I started using the SS method about the 1st of June, exits are as you fell comfortable, I use either S/R or as per this method the previous low of the previous candle. This is a fabulas system and a good one for Newbies to learn. If you floow the strict letter of the rules it has the least amount of risk as i have ever seen.
Hi Jrushing,

What MA are you using on your chart?

Thank you and regards,
Anton
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