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Simple Simon Balance Line Trading

  • #1,481
  • Jun 28, 2011 4:38am Jun 28, 2011 4:38am
Quoting paul56
Hello again. Perhaps this may be best suited for Colostarr. When you get a minute would you give your opinion / advice.
Moving Entry Target = yes / no, maybe /never?
1H TF.
Q1.) Would you move the pending order closer upon closure 2nd last candle (pic GUb)? I think you mentioned something like that in earlier posts or maybe it was something different.
Pix attached (I hope hehe).
Q2.) Let's assume the Pending order is not triggered after 2 maybe 3 candles but price still bellow Blue Line (just having hard time to continue further along in your...
Well, it's morning for me....Lake George, NY. May I comment on paul56's chart?.............your chart shows the balance line to be very flat. I would not place any trades at all until price breaks out and then retraces to the balance line at a decent angle. A flat balance line will chew you to pieces.
  • #1,482
  • Jun 28, 2011 4:49am Jun 28, 2011 4:49am
Can someone have a look if everything is right with my trade? Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: uc110628.gif Size: 24 KB
  • #1,483
  • Jun 28, 2011 4:59am Jun 28, 2011 4:59am
Looks good to me. Just got triggered. Lets see what happens.
  • #1,484
  • Jun 28, 2011 5:02am Jun 28, 2011 5:02am
There is absolutley no angle with the approach to the blue line. I would have avoided this trade.

But that is just me!

Quoting Thu
Can someone have a look if everything is right with my trade? Thank you
  • #1,485
  • Jun 28, 2011 5:05am Jun 28, 2011 5:05am
Keep an eye on eur/usd 1 hr.
  • #1,486
  • Jun 28, 2011 5:24am Jun 28, 2011 5:24am
eurusd short entry on 15m
  • #1,487
  • Jun 28, 2011 5:57am Jun 28, 2011 5:57am
Market's pretty quiet this morning. Maybe waiting for the 10:00 news? I don't see any trades that are jumping out on the 1 hr...
  • #1,488
  • Jun 28, 2011 5:58am Jun 28, 2011 5:58am
Today is a real snore fest - I think I am going to call it a day
  • #1,489
  • Jun 28, 2011 6:05am Jun 28, 2011 6:05am
Sideways for sure. What times do you like to trade? I'm on EST here in Detroit... I know you are overseas somewhere...

Quoting Colostarr
Today is a real snore fest - I think I am going to call it a day
  • #1,490
  • Jun 28, 2011 6:07am Jun 28, 2011 6:07am
Quoting Colostarr
There is absolutley no angle with the approach to the blue line. I would have avoided this trade.

But that is just me!
I have also same trade triggered on USD CAD. i am a newbie so can you please explain what do you mean by no angle with the approach to the blue line ? then what kind of angle should we consider as right or wrong ?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.PNG Size: 52 KB
  • #1,491
  • Jun 28, 2011 6:13am Jun 28, 2011 6:13am
EURAUD just posted a beautiful bounce candle on the 1H.

Buy Stop set (I need 10 more pips to beak even with that devil!)
  • #1,492
  • Jun 28, 2011 6:14am Jun 28, 2011 6:14am
Colostarr , I seen some post with fractals. How do you use fractals ? Ive done some research in the past , some people place pending order to go in the direction of the arrow and some do the complete opposite.
  • #1,493
  • Jun 28, 2011 6:17am Jun 28, 2011 6:17am
Sorry I have been quiet this morning. First thing there were workman digging up the road and they thought it would be a good idea to rip out our main power cable! Idiots. We have only just got power on now.
Rick if you see this mate I have just sent you an email.
Also thank to everyone for the kind words about my back.
I went out last night to celebrate and this morning not sure why but I seem to have quite a bad head ache! lol
Have I missed any big moves this morning?
Happy trading all. Titch
  • #1,494
  • Jun 28, 2011 6:19am Jun 28, 2011 6:19am
My friend it is apparent that you did not read too much of this thread before asking this question. Click the below link and go to post #133

http://www.forexfactory.com/showthre...=297418&page=9

Quoting hamad9
I have also same trade triggered on USD CAD. i am a newbie so can you please explain what do you mean by no angle with the approach to the blue line ? then what kind of angle should we consider as right or wrong ?
  • #1,495
  • Jun 28, 2011 6:22am Jun 28, 2011 6:22am
Rick

You good to go on fb?
Happy trading all. Titch
  • #1,496
  • Jun 28, 2011 6:24am Jun 28, 2011 6:24am
Yes for now - But I am at work with it minimized!

Quoting Titch
Rick

You good to go on fb?
  • #1,497
  • Jun 28, 2011 6:29am Jun 28, 2011 6:29am
Sometimes even the most obvious signals stump you. Of course it's still early but this isn't going as I planned
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 17 KB
  • #1,498
  • Jun 28, 2011 6:30am Jun 28, 2011 6:30am
Quoting hamad9
I have also same trade triggered on USD CAD. i am a newbie so can you please explain what do you mean by no angle with the approach to the blue line ? then what kind of angle should we consider as right or wrong ?
Here is a chart I marked up of recent price action of AUDUSD on the 1 hour chart. It shows both good and bad angulation.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd 6-28gif.gif Size: 39 KB
  • #1,499
  • Jun 28, 2011 6:30am Jun 28, 2011 6:30am
eurusd is moving! look at 1 H chart
  • #1,500
  • Jun 28, 2011 6:34am Jun 28, 2011 6:34am
Heeeeerrreeee kitty, kitty, kitty
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 17 KB
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