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Simple Simon Balance Line Trading

  • #1,161
  • Jun 23, 2011 8:01am Jun 23, 2011 8:01am
WOW - EURAUD-29pips, 10 pips from stop loss again.
  • #1,162
  • Jun 23, 2011 8:05am Jun 23, 2011 8:05am
I'm done trading for the day
Happy trading all. Titch
  • #1,163
  • Jun 23, 2011 8:07am Jun 23, 2011 8:07am
Quoting Colostarr
WOW - EURAUD-29pips, 10 pips from stop loss again.
Did you say - 29 or plus mate?
Happy trading all. Titch
  • #1,164
  • Jun 23, 2011 8:08am Jun 23, 2011 8:08am
Minus 29, actually minus 35 at the moment

Quoting Titch
Did you say - 29 or plus mate?
  • #1,165
  • Jun 23, 2011 8:10am Jun 23, 2011 8:10am
Quoting Colostarr
Minus 29, actually minus 35 at the moment
No way mate! Gutted for you! I've cleaned up on it today and yesterday. I knew it was a good idea to scalp today.
Happy trading all. Titch
  • #1,166
  • Jun 23, 2011 8:14am Jun 23, 2011 8:14am
Quoting Titch
No way mate! Gutted for you! I've cleaned up on it today and yesterday. I knew it was a good idea to scalp today.
Fingers crossed it's only retesting yesterdays low
Happy trading all. Titch
  • #1,167
  • Jun 23, 2011 8:21am Jun 23, 2011 8:21am
Looking better now after news release calming down.
  • #1,168
  • Jun 23, 2011 8:36am Jun 23, 2011 8:36am
I'm off to pick my son up from school. Have a great rest of the day everyone.
Fingers crossed for you Rick. Are you on FB later. If so we'll have a chat.
Catch you all later
Happy trading all. Titch
  • #1,169
  • Jun 23, 2011 8:39am Jun 23, 2011 8:39am
I am off for the day too. EUR/USD paid me well today of 154 pips total since yesterday's balance line entry, I exited twice in support and now it stopped again in an other support. I better leave b/f I give it back lol.

Happy trading everybody,
Good day
  • #1,170
  • Jun 23, 2011 10:07am Jun 23, 2011 10:07am
eurusd short 1st exit 1/4 +100, 2nd exit 2/4 +200. anybody else catch this short?
Attached Image (click to enlarge)
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  • #1,171
  • Jun 23, 2011 11:02am Jun 23, 2011 11:02am
GU getting close to balance line
  • #1,172
  • Jun 23, 2011 11:11am Jun 23, 2011 11:11am
Quoting handy148
GU getting close to balance line
Are you looking at 15 Mts. or 1 hr. chart??
  • #1,173
  • Jun 23, 2011 12:00pm Jun 23, 2011 12:00pm
yes sorry should have said on M15 - scalping here
  • #1,174
  • Jun 23, 2011 12:14pm Jun 23, 2011 12:14pm
Quoting handy148
yes sorry should have said on M15 - scalping here
How have you found it for scalping?
Happy trading all. Titch
  • #1,175
  • Jun 23, 2011 12:28pm Jun 23, 2011 12:28pm
Hi Titch, hi guys
Talking of scalping, nice bounce off balance on 15m tf, bit late in day to make a lot of impact me thinks but nice to see it do what is expected

Tom
  • #1,176
  • Jun 23, 2011 12:34pm Jun 23, 2011 12:34pm
Quoting booktimes
Hi Titch, hi guys
Talking of scalping, nice bounce off balance on 15m tf, bit late in day to make a lot of impact me thinks but nice to see it do what is expected

Tom
Hi Tom

Always good to see it
Happy trading all. Titch
  • #1,177
  • Jun 23, 2011 12:38pm Jun 23, 2011 12:38pm
Could be a nice retrace to 50sma on 15m tf before another leg down,
interesting stuff
thanks guys

Tom
Attached Image (click to enlarge)
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  • #1,178
  • Jun 23, 2011 3:59pm Jun 23, 2011 3:59pm
Patiently waiting..
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  • #1,179
  • Jun 23, 2011 4:49pm Jun 23, 2011 4:49pm
Quoting Fx_Pipin
Patiently waiting..
Nice set up
Happy trading all. Titch
  • #1,180
  • Jun 23, 2011 5:28pm Jun 23, 2011 5:28pm
Hi Guys would just like to add my thinking on this pair, could be totally wrong but here goes:
1/ Tick shows balance and 50sma pointing down
2/50% fib in confluence with balance and 50sma around 4290
3/ Major divergence
4/retrace from a obvious downtrend

obviously would wait for confirmation, bounce off either balance or 50sma, just an observation, any thoughts chaps?

respect

Tom
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