Simple Simon Balance Line Trading

Hi all
Someone asked me to post a copy of the trade plan / journal up. Rick I hope this is ok.
If you use it I guarantee it will improve your trading as it makes you stick to the rules and think about the trade before you place an order. If you can not tick all of the boxes to the rules do not enter the trade. You will be amazed the amount of times you would normally enter a trade but after checking there is not actually a trade there.
I hope it helps

I believe it is tonight. I didn't read the news yet, just googled it.
http://www.finfacts.ie/irishfinancen..._1022576.shtml

I am too mate.
Just trying to install MSM
Will let you know when it is done

I googled the same thing. Only thing I can suggest to EVERYONE is to make sure you have STOPLOSS in place for any open orders.

Good to go Neil - Although unless they fix the problem in our berthing area - MSN does me no good at work, can't use it here!

It says "Tuesday night" everywhere I checked but no timing. It is pretty big risk event so better to watch from sideline, IMHO.

Hi all

Keep an eye on this one as I am sure either today or tomorrow this is going to go in to a reversal with a large bearish move. I have been tracking it for a while and am convinced.
Only my opinion but I am convinced.

Yeah I got the same thing - Thing is Tuesday night for whom?

Good eye Neil! Appears to be caught in a "Bull Trap" on the hourly. The daily candle is showing a bearish divergent nature (at least for now).

Should be interesting if Greece doesn't get the bailout. ALL EUR pairs will plummet

Rick i'll pm ya and explain why I think it will

21:00 GMT is the scheduled Greek confidence vote.....that's what i read somewhere last night

Just pulled this down from MT4 news tab

FRANKFURT (Dow Jones)--A reduction in the face value of Greek debt, or a so-called haircut, would be a "fundamentally wrong" solution to the country's woes and risks deepening the crisis by increasing contagion risks, the Chief Financial Officer of German insurer Allianz SE (AZ) warned Tuesday in an interview with German magazine Capital.
"Not all financial institutions are prepared for a haircut," CFO Paul Achleitner said in the interview. "I fear a chain reaction that would push Europe deeper into the crisis."
A haircut would likely result in dramatic losses for financial institutions exposed to Greek debt if implemented as one solution for Greece.
Rather than pursue a much-feared haircut, euro zone leaders, the International Monetary Fund and European Central Bank are currently discussing a voluntary rollover of Greek bonds which would give the country more time to resolve its debt problems.
Achleitner further said that Allianz would be prepared to reinvest in Greek paper if the European Stability and Growth Pact included funds to guard against default risk, as opposed to just loans. Euro zone policy makers are currently considering plans to strengthen the pact, which is aimed at strengthening and vitalizing Europe's economic system.
Achleitner said the U.S.'s debt problems weren't as severe as those in Europe because the U.S. can raise taxes to combat its deficit. "We don't have this option," Achleiter told the magazine.
Website: www.capital.de

GREAT - that is midnight for me - I'll long be counting sheep by then

Rick check your pm Quick

I'm seeing a Megaphone pattern on H4

I am sure it will reverse. It might not be today, Could take a few days but Its worth keeping an eye on

and it's moving nicely in a channel formation on H1

Correct you are my friend, all the signs are there, all we need to do is wait for a while just to confirm, as soon as it happens I will be all over it for a nice move

G/J not looking so nice anymore

I know but fingers crossed it is just a retrace to the congestion the go back with us.