Simple Simon Balance Line Trading | Page 58 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

My way of trading by Using trend line , BL line & febo level 76 replies

Simple Horizontal Line Trading H1 87 replies

Programmers: Simple SendMail Line. Please Help 15 replies

Attachments: Simple Simon Balance Line Trading
Exit Attachments

Simple Simon Balance Line Trading

  • #1,141
  • Jun 23, 2011 6:27am Jun 23, 2011 6:27am
Quoting Colostarr
I saw that this morning too. You would think that more people would participate.
I agree mate, what is it we call them?

Mind you I am not sure we would be able to keep up with more on here.
Happy trading all. Titch
  • #1,142
  • Jun 23, 2011 6:37am Jun 23, 2011 6:37am
EURGBP re-visiting the 50 EMA. Sell stop at .8889. Last 3 candles are bearish in nature - I think it may actually break the EMA this time.

USDCAD trade still alive - Price missed stop loss level by 5 pips.
  • #1,143
  • Jun 23, 2011 6:38am Jun 23, 2011 6:38am
[quote=Titch;4719485]I agree mate, what is it we call them?
Mind you I am not sure we would be able to keep up with more on here.

As soon as I feel completely comfortable with your great system and explainations by you, Titch and others on the thread I will come aboard.
For now I am learning by first having read BW Chaos book and reading/learning all important aspects discussed here.
Keep up the good work and I think within a few days I will come aboard.
  • #1,144
  • Jun 23, 2011 6:39am Jun 23, 2011 6:39am
Quoting Thu
I think this is a great simple system. Thank you Colostarr for introducing us to this system and Thank you Titch for showing how usefull a simple indicator like ema 50 could be.

I got today one trade in eurusd. in 4h timeframe.

still have a pending order with eurgbp.

by usdchf i canīt see any ranging PA in 1H TF. do i miss something by this pair?
USD CHF
Have a look at yesterdays high and the previous days low. PA seems to be trapped. You may see it better if you have a look at the 15tf just for analysis. Price now just seems to be flapping.
Also on the 1hr balance line is almost flat showing a sideways range.

I hope this helps
Happy trading all. Titch
  • #1,145
  • Jun 23, 2011 6:43am Jun 23, 2011 6:43am
[quote=istvan;4719530]
Quoting Titch
I agree mate, what is it we call them?
Mind you I am not sure we would be able to keep up with more on here.

As soon as I feel completely comfortable with your great system and explainations by you, Titch and others on the thread I will come aboard.
For now I am learning by first having read BW Chaos book and reading/learning all important aspects discussed here.
Keep up the good work and I think within a few days I will come aboard.
Your are welcome my friend

It is nice to have new people get involved and see them progress. Don't be a stranger and feel free to get involved when you feel ready. We are here to help you succeed. Any question feel free to post as there are plenty of people on here who are always willing to help
Happy trading all. Titch
  • #1,146
  • Jun 23, 2011 6:48am Jun 23, 2011 6:48am
Quoting Colostarr
EURGBP re-visiting the 50 EMA. Sell stop at .8889. Last 3 candles are bearish in nature - I think it may actually break the EMA this time.

USDCAD trade still alive - Price missed stop loss level by 5 pips.
Cheers mate. Well spotted I missed that.
Happy trading all. Titch
  • #1,147
  • Jun 23, 2011 6:49am Jun 23, 2011 6:49am
is anyone in USDJPY?
  • #1,148
  • Jun 23, 2011 6:49am Jun 23, 2011 6:49am
Sell stop placed at 1.35075 from the 4H - a few minutes early but placed
  • #1,149
  • Jun 23, 2011 6:54am Jun 23, 2011 6:54am
I personally have been overlooking the USJPY because of the sideways movement of the last couple days.

Looks like it is breaking out of its doldrums

Quoting handy148
is anyone in USDJPY?
  • #1,150
  • Jun 23, 2011 6:57am Jun 23, 2011 6:57am
Quoting Colostarr
I personally have been overlooking the USJPY because of the sideways movement of the last couple days.

Looks like it is breaking out of its doldrums
Be careful it is hovering at the high from a few days ago
Happy trading all. Titch
  • #1,151
  • Jun 23, 2011 6:58am Jun 23, 2011 6:58am
Quoting Titch
Be careful it is hovering at the high from a few days ago
If it breaks that I'm in
Happy trading all. Titch
  • #1,152
  • Jun 23, 2011 6:59am Jun 23, 2011 6:59am
I am actually going to wait until the daily chart touches the blue line, because I think there will be a bounce

Quoting Titch
Be careful it is hovering at the high from a few days ago
  • #1,153
  • Jun 23, 2011 7:03am Jun 23, 2011 7:03am
Quoting Colostarr
I am actually going to wait until the daily chart touches the blue line, because I think there will be a bounce
On the daily it's a horrible pattern. Now I remember why I don't trade them
Happy trading all. Titch
  • #1,154
  • Jun 23, 2011 7:27am Jun 23, 2011 7:27am
GBP USD still going nicely
Happy trading all. Titch
  • #1,155
  • Jun 23, 2011 7:43am Jun 23, 2011 7:43am
Wow,

The addition of the 50ema adding to the confidence of entering EURGBP short is right on. This chart shows my current situation with the first of three targets hit and stop loss in positive territory.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp 6-22.gif Size: 29 KB
  • #1,156
  • Jun 23, 2011 7:46am Jun 23, 2011 7:46am
Quoting frollollc
Wow,

The addition of the 50ema adding to the confidence of entering EURGBP short is right on. This chart shows my current situation with the first of three targets hit and stop loss in positive territory.
Attachment
Glad you like it. Works well doesn't it?
Happy trading all. Titch
  • #1,157
  • Jun 23, 2011 7:47am Jun 23, 2011 7:47am
Anyone catch the breakout. What a move!
Happy trading all. Titch
  • #1,158
  • Jun 23, 2011 7:57am Jun 23, 2011 7:57am
Now that usdcad has broken out, I'll be waiting for the retracement back to the balance line to go long. I have heard this set up referred to as "the gift"
  • #1,159
  • Jun 23, 2011 7:58am Jun 23, 2011 7:58am
EURUSD is getting close to an important pivot level. I believe today's drop will not go beyond 1.4150 much. If continues, next level is at 1.4015. Taking long side of any USD pair for today is too late, IMO.
  • #1,160
  • Jun 23, 2011 8:00am Jun 23, 2011 8:00am
Quoting frollollc
Now that usdcad has broken out, I'll be waiting for the retracement back to the balance line to go long. I have heard this set up referred to as "the gift"
Me to. I am hoping It will drop back down to yesterdays high, hit the balance line then bounce. Would be perfect!
Happy trading all. Titch
3 traders viewing now