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Simple Simon Balance Line Trading

  • #941
  • Jun 21, 2011 5:44pm Jun 21, 2011 5:44pm
Yeah they are mad. The AUD/USD looks like it doesn;t know what it wants to do. maybe I am wrong but its how i see it. And throw in the NZD/USD into that mix..yucky...lol

I am on the H1 by the way. Might have to go H4 and look.
  • #942
  • Jun 21, 2011 5:49pm Jun 21, 2011 5:49pm
Quoting Titch
Hi all

As southbeach and handy148 have said the charts are going mad. I would avoid.
It is way too volatile for me at the moment.
Chart speeks for itself!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd7.gif Size: 14 KB
  • #943
  • Jun 21, 2011 5:56pm Jun 21, 2011 5:56pm
Eyes are closing so thats me done for the day. Another 16 hour day and one knackered laptop. Have a good one all
Catch you all soon
Happy trading all. Titch
  • #944
  • Jun 21, 2011 6:08pm Jun 21, 2011 6:08pm
Quoting Titch
Eyes are closing so thats me done for the day. Another 16 hour day and one knackered laptop. Have a good one all
Catch you all soon
Have great night man, tomorrow is gonna be great day for you.
  • #945
  • Jun 21, 2011 8:16pm Jun 21, 2011 8:16pm
Just placed a buy stop on the cable(GBP/USD) at 1.6233. Spread is a little under 2 but used 2. High of the previous candle was 1.6228. I set the stop loss to 1.6200

Have the first fib at 1.6239 and the next at 1.6248. Then we have a strong resistance line at 1.6254. Will monitor these 3 areas should the trade trigger. Trend is up as you can see in red. By the way the white line is the 50 ema so ignore it.

Removed the fibo indicator because it really clusters my charts. Like them clean to an extent.

It bounced so lets see what happens. My first trade with this system if it happens.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 22 KB
  • #946
  • Jun 21, 2011 8:40pm Jun 21, 2011 8:40pm
My goodness the Aud/usd is an animal today. Noway i even touch this. This mother is running sideways. I am staying away even if there is a successful trade out of it. I will gladly wait for the next signal.

Might see something in the next hour on the Eur/Usd. its touching the blue line and may get a bounce.

Looking at the H1 and if I am messing the thread up just tell me to stop. Just thought it may help some new folks trying to learn to see my thought process especially if I am screwing up hehe. If I am corrected we all learn but again if its an issue will gladly stop posting thoughts on what i am seeing.
  • #947
  • Jun 21, 2011 9:21pm Jun 21, 2011 9:21pm
canceled the cable buy stop. Did not trigger by the next candle close. So its deleted.

I now have a buy stop on the Eur/usd. Had a bounce of the blue line. Also trend is currently up so going with it not against.

Buy stop set at 1.4385 and stop loss at 1.4338. Still trying to get that first trade but what a beauty of a system. We did not get in a bunch of crap with the cable.It kept us safe and this is a key to a good system.
  • #948
  • Jun 21, 2011 9:26pm Jun 21, 2011 9:26pm
Quoting nawlins51
Yeah they are mad. The AUD/USD looks like it doesn;t know what it wants to do. maybe I am wrong but its how i see it. And throw in the NZD/USD into that mix..yucky...lol

I am on the H1 by the way. Might have to go H4 and look.
Not all the currencies are in mad mode, only the one with Euro related currencies were in that mode b/c of greece news.
  • #949
  • Jun 21, 2011 9:36pm Jun 21, 2011 9:36pm
Quoting southbeach
Not all the currencies are in mad mode, only the one with Euro related currencies were in that mode b/c of greece news.
The aud/usd and nzd/usd look like poo to me at the moment. Only doing the 5 pairs mentioned by colo. I closed all the yens I had. Not digging them lately. You are right about the greece news and this is an area I need a lot of practice with. Fundamentals. I hardly ever look at them but I know about NFP on the first friday of the month and do nothing till Sunday night...lol
  • #950
  • Jun 21, 2011 10:18pm Jun 21, 2011 10:18pm
Looks good for a short. Just broke TL. This pair has been a small roller coaster ride.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.jpg Size: 109 KB
  • #951
  • Jun 21, 2011 10:24pm Jun 21, 2011 10:24pm
Quoting Fx_Pipin
Looks good for a short. Just broke TL. This pair has been a small roller coaster ride.
FX you see a long on the cable coming. I put a buystop in.Just curious. I am hesitant on the aud/usd
  • #952
  • Jun 21, 2011 11:05pm Jun 21, 2011 11:05pm
got a long on the cable. 1st one for this system. Hope I did it right...lol.

1.6249 and 1.6254 is areas of resistance. Will be watching carefully when it approaches these areas. hopefully gets there.
  • #953
  • Jun 21, 2011 11:07pm Jun 21, 2011 11:07pm
Quoting nawlins51
got a long on the cable. 1st one for this system. Hope I did it right...lol.

1.6249 and 1.6254 is areas of resistance. Will be watching carefully when it approaches these areas. hopefully gets there.
Can you post a screenshot with your entry / SL ?
  • #954
  • Jun 21, 2011 11:07pm Jun 21, 2011 11:07pm
Very true! I took the trade on a tip - Still watching that pair though


Quoting southbeach
"Rule #1: Have patience, let Price come to you...stop chasing it!"

I like that! that's the key to successful traders! let the market come to you!
  • #955
  • Jun 21, 2011 11:09pm Jun 21, 2011 11:09pm
Not really. Since Monday this week - there havent been many trades, at least not for me. Maybe someone else can post their results

Quoting whatfx
colo

do u have results u can post for the past few weeks ?
  • #956
  • Jun 21, 2011 11:11pm Jun 21, 2011 11:11pm
Sounds like it`s time to dump that Mac brother! Look into the HP ENVY series, go to HP.com and do a search for one - I`m telling you, you`ll never go back to MAC again!

Quoting Titch
Thanks mate but its not compatible with my mac

Thanks for the thought though
  • #957
  • Jun 21, 2011 11:25pm Jun 21, 2011 11:25pm
I`m telling you the HP Envy series, specifically the 14.5" model is one of the most stunning laptops that HP has ever made. Up until I found the one I have, I always HATED HP products. This is what EVERY Macbook Pro owner is looking for.

None of the limitations of a Macbook, yet all of the performance of the Macbook

http://www.engadget.com/2010/08/03/hp-envy-14-review/
  • #958
  • Jun 22, 2011 12:11am Jun 22, 2011 12:11am
EURJPY, NZDUSD and EURGBP charts look constructive and may give trading opportunities, all well supported above pivots and Alligator indi.

Blackeagle
  • #959
  • Jun 22, 2011 12:52am Jun 22, 2011 12:52am
Be careful with this type of entry, resistance would have been too close for me to enter off that bounce. Let us know how it played out!

Quoting nawlins51
got a long on the cable. 1st one for this system. Hope I did it right...lol.

1.6249 and 1.6254 is areas of resistance. Will be watching carefully when it approaches these areas. hopefully gets there.
  • #960
  • Jun 22, 2011 12:53am Jun 22, 2011 12:53am
Great Observation BlackEagle

Quoting Blackeagle
EURJPY, NZDUSD and EURGBP charts look constructive and may give trading opportunities, all well supported above pivots and Alligator indi.

Blackeagle
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