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Simple Simon Balance Line Trading

  • #621
  • Jun 17, 2011 2:41am Jun 17, 2011 2:41am
Thank you! Welcome, Happy pippin and good luck!

Quoting joneepom
Hi Colostarr and everybody else that have contributed to this thread
Ive have read all the posts and this is far the best system I have seen
started reading it yesterday so I will have a shot at it today, keep up
the good work, this is really good
  • #622
  • Jun 17, 2011 2:42am Jun 17, 2011 2:42am
USDJPY Daily Chart Bounce signal just triggered in at 80.432
  • #623
  • Jun 17, 2011 3:03am Jun 17, 2011 3:03am
NZDUSD Buy trade stopped out - I am done for a few hours
  • #624
  • Jun 17, 2011 3:50am Jun 17, 2011 3:50am
Morning all. Have I missed anything major?
Happy trading all. Titch
  • #625
  • Jun 17, 2011 4:19am Jun 17, 2011 4:19am
Hi Titich,

EURCAD is in a nice bounce trade. The rest 's been quite choppy.

Quoting Titch
Morning all. Have I missed anything major?
  • #626
  • Jun 17, 2011 4:25am Jun 17, 2011 4:25am
Quoting Phiksalamuk
Hi Titich,

EURCAD is in a nice bounce trade. The rest 's been quite choppy.
Hi Phiksalamuk

I know what you mean, I don't normally trade a friday because I find the market choppy and unpredictable. I normally play golf but as it is raining thought I would have a play. I have had a great morning scalping, which I haven't done for years. Using this method on a lower time frame.
Happy trading all. Titch
  • #627
  • Jun 17, 2011 4:31am Jun 17, 2011 4:31am
Took USD/JPY Daily bounce: triggered at 80.43

USDCHF Bounce trade: triggered at .8479 +23 pips - stop at BE
  • #628
  • Jun 17, 2011 4:39am Jun 17, 2011 4:39am
Quoting Colostarr
Took USD/JPY Daily bounce: triggered at 80.43

USDCHF Bounce trade: triggered at .8479 +23 pips - stop at BE
Hello mate

Still got my normal long terms on but been using this for scalping with balance 50ema and S/R. Up 100 so far. As I said for a friday I'm happy with that.
Took the EUR/USD on 15m tf. Just broken yesterdays high and up 60 pips so far.
Happy trading all. Titch
  • #629
  • Jun 17, 2011 4:43am Jun 17, 2011 4:43am
Good stuff Titch! Keep piling em up!

Quoting Titch
Hello mate

Still got my normal long terms on but been using this for scalping with balance 50ema and S/R. Up 100 so far. As I said for a friday I'm happy with that.
Took the EUR/USD on 15m tf. Just broken yesterdays high and up 60 pips so far.
  • #630
  • Jun 17, 2011 4:46am Jun 17, 2011 4:46am
Book should be here today. Preparing myself for some heavy reading over the weekend
Happy trading all. Titch
  • #631
  • Jun 17, 2011 5:31am Jun 17, 2011 5:31am
Up 100 pips so far
Happy trading all. Titch
  • #632
  • Jun 17, 2011 6:01am Jun 17, 2011 6:01am
Quoting Titch
Up 100 pips so far
Cleared out for 100 pips
Happy trading all. Titch
  • #633
  • Jun 17, 2011 6:02am Jun 17, 2011 6:02am
I just setup a buy stop order @114.89

A 1-2-3 pattern formed at 1H, look promising, lets see....
  • #634
  • Jun 17, 2011 6:14am Jun 17, 2011 6:14am
Quoting kook
I just setup a buy stop order @114.89
Hi Kook
I looked at it as it has broken 114601 resistance but my concerns are
1. seems a choppy day. Seems to be flapping.
2. Another resistance from yesterday at 114896. It might come off for you but be careful. It's up to you but I would see what happens around the 11896 first. But thats just me
Happy trading all. Titch
  • #635
  • Jun 17, 2011 6:16am Jun 17, 2011 6:16am
Quoting Titch
Hi Kook
I looked at it as it has broken 114601 resistance but my concerns are
1. seems a choppy day. Seems to be flapping.
2. Another resistance from yesterday at 114896. It might come off for you but be careful. It's up to you but I would see what happens around the 11896 first. But thats just me
If you do take it look to clear out a portion at yesterdays high. If it breaks it you could be in a great trade. Bit risky for me though
Happy trading all. Titch
  • #636
  • Jun 17, 2011 6:39am Jun 17, 2011 6:39am
ThankX for the tips.

I've noticed that, but this one i'm testing so its for learning purposes.
This pair moved almost all ADR "space" for today, maybe there is not much room to go up. But these are just figures, sometimes they match sometime they don't.

If I compare this to your eur/usd entry at 15m (I estimate it was around 1.4179) you had several resistance levels near and a daily S1 pivot line above, and still price went up. Setup patterns look similar.

Today there are positive political news for Europe so i have faith.

If it goes against me, too bad, one can't win everytime.

Right now what's important for me is gaining discipline to hold to my decisions. Then learn from them.

Thanks again for you analisys
kook



Quoting Titch
Hi Kook
I looked at it as it has broken 114601 resistance but my concerns are
1. seems a choppy day. Seems to be flapping.
2. Another resistance from yesterday at 114896. It might come off for you but be careful. It's up to you but I would see what happens around the 11896 first. But thats just me
  • #637
  • Jun 17, 2011 6:47am Jun 17, 2011 6:47am
Quoting kook
ThankX for the tips.

I've noticed that, but this one i'm testing so its for learning purposes.
This pair moved almost all ADR "space" for today, maybe there is not much room to go up. But these are just figures, sometimes they match sometime they don't.

If I compare this to your eur/usd entry at 15m (I estimate it was around 1.4179) you had several resistance levels near and a daily S1 pivot line above, and still price went up. Setup patterns look similar.

Today there are positive political news for Europe so i have faith.

If...
Good on you Kook

Stick to your trade plan.

I did take a trade on there earlier from the 15 min chart but cleared out at 114673 because it seemed to be struggling. If it comes off you should be in a great trade and i'll be kicking myself for clearing out. Fingers crossed for you.
Happy trading all. Titch
  • #638
  • Jun 17, 2011 6:49am Jun 17, 2011 6:49am
Nice trade Titch!

When did you enter? At the break of the consolidation pattern below the blue line?

Thanks.

Quoting Titch
Cleared out for 100 pips
  • #639
  • Jun 17, 2011 7:05am Jun 17, 2011 7:05am
by the way, I'm another Brit - based in Lincolnshire
  • #640
  • Jun 17, 2011 7:13am Jun 17, 2011 7:13am
Quoting Phiksalamuk
Nice trade Titch!

When did you enter? At the break of the consolidation pattern below the blue line?

Thanks.
Entered at 141746 on 15t/f. Then cleared a portion at 142199 at yesterdays high as I always get nervous at yesterdays highs or lows and it didn't look like it would break it, then left a portion in to run as it broke yesterdays high. Cleared the rest out at 142806 because I had to nip to the shop. Was still going up when I got back but I was happy with what I took from the trade.
Happy trading all. Titch
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