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Simple Simon Balance Line Trading

  • #581
  • Jun 16, 2011 10:36am Jun 16, 2011 10:36am
My sell stop has been triggered at 0.8474, the minimum of the candle.... SL at 0.8510. Very choppy.

Quoting Colostarr
Cancelled pending sell stop for USDCHF - it's too rangy now
  • #582
  • Jun 16, 2011 10:38am Jun 16, 2011 10:38am
Quoting Colostarr
I call them Snipers Titch! Let em watch - I think you and I know we have a good thing - yes?
Definitely mate.

A method I will always use now. Fits in the toolbox nicely. I feel I owe you big style
Happy trading all. Titch
  • #583
  • Jun 16, 2011 10:47am Jun 16, 2011 10:47am
Send me a couple mil and we'll call it even!

Quoting Titch
Definitely mate.

A method I will always use now. Fits in the toolbox nicely. I feel I owe you big style
  • #584
  • Jun 16, 2011 10:49am Jun 16, 2011 10:49am
USDCHF stopped out.
  • #585
  • Jun 16, 2011 10:49am Jun 16, 2011 10:49am
Now the USDCHF looks like it wants to reverse and go north?? Still, it's been hanging around that blue line too long for my liking - gonna take a nap on that pair
  • #586
  • Jun 16, 2011 10:51am Jun 16, 2011 10:51am
Seen that coming! Sorry brother get it next time

Quoting Phiksalamuk
USDCHF stopped out.
  • #587
  • Jun 16, 2011 10:52am Jun 16, 2011 10:52am
Agreed. It is playing between the line and 0.85 level.

Quoting Colostarr
Now the USDCHF looks like it wants to reverse and go north?? Still, it's been hanging around that blue line too long for my liking - gonna take a nap on that pair
  • #588
  • Jun 16, 2011 10:53am Jun 16, 2011 10:53am
EURCAD is finalizing a nice pin bar just on the blue line.
  • #589
  • Jun 16, 2011 10:53am Jun 16, 2011 10:53am
Bounce on EURCAD??
  • #590
  • Jun 16, 2011 10:55am Jun 16, 2011 10:55am
Funny I think we posted almost the same thing at the same time! Might be a little early but I've already set it

Quoting Phiksalamuk
EURCAD is finalizing a nice pin bar just on the blue line.
  • #591
  • Jun 16, 2011 10:57am Jun 16, 2011 10:57am
Yes we did !!

Will not enter on that pair though as I've got 12pips spread from my broker.

Quoting Colostarr
Funny I think we posted almost the same thing at the same time! Might be a little early but I've already set it
  • #592
  • Jun 16, 2011 11:00am Jun 16, 2011 11:00am
colostaerr where did u place your buy stop on the eur/cad?
  • #593
  • Jun 16, 2011 11:02am Jun 16, 2011 11:02am
OUCH! 6 pips on interbank, only 3 pips on my Oanda MT4!


Quoting Phiksalamuk
Yes we did !!

Will not enter on that pair though as I've got 12pips spread from my broker.
  • #594
  • Jun 16, 2011 11:06am Jun 16, 2011 11:06am
if i can make a suggestion on how to trade the EurGbp on this method, this pair always pulls back on a cross (against the H4 trend) see yellow areas. Until I see a full cross and close on a H4 chart I will either use very tight stop loss and wait for it to touch touch the blue line the second time, OR i wait for a full cross of the H4 trend. Also on a trend line , some of time the 2nd touch and 95% of the time on a 3rd touch (also called triple tap or 3 sisters) the PA will fall a good ways Up/or down
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp ss and sr.gif Size: 25 KB
Click to Enlarge Name: eurgbp ss and sr h4.gif Size: 27 KB
  • #595
  • Jun 16, 2011 11:07am Jun 16, 2011 11:07am
Quoting Colostarr
Send me a couple mil and we'll call it even!
No problems. Where do you want it sent. LOL
Happy trading all. Titch
  • #596
  • Jun 16, 2011 11:07am Jun 16, 2011 11:07am
Spreads on other pairs are fine, but curiously very high on that one....

Quoting Colostarr
OUCH! 6 pips on interbank, only 3 pips on my Oanda MT4!
  • #597
  • Jun 16, 2011 11:08am Jun 16, 2011 11:08am
Everything seems to have gone to sleep - boring!
  • #598
  • Jun 16, 2011 11:15am Jun 16, 2011 11:15am
Quoting Phiksalamuk
Yes we did !!

Will not enter on that pair though as I've got 12pips spread from my broker.
I would be phoning the broker or changing.
Happy trading all. Titch
  • #599
  • Jun 16, 2011 11:16am Jun 16, 2011 11:16am
I agree i am going to call it a day and wait for the Japan opening, take care and be careful greece is still in a uproar, .......Trade what you see, not what you want to see.


Quoting Colostarr
Everything seems to have gone to sleep - boring!
  • #600
  • Jun 16, 2011 11:17am Jun 16, 2011 11:17am
Not sure I'm following you J. Your chart (especially the blue line) does not match up with mine. I see a cross on the 9th at 1200 GMT, it pulled back to touch on the 10th at 0800 GMT then went down. Are you looking for another touch on the 4h?

The trade I took initially which is stil active was from the daily TF. Initial cross.

Can you clarify?

Quoting jrushing
if i can make a suggestion on how to trade the EurGbp on this method, this pair always pulls back on a cross (against the H4 trend) see yellow areas. Until I see a full cross and close on a H4 chart I will either use very tight stop loss and wait for it to touch touch the blue line the second time, OR i wait for a full cross of the H4 trend. Also on a trend line , some of time the 2nd touch and 95% of the time on a 3rd touch (also called triple tap or 3 sisters) the PA will fall a good ways Up/or down
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