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Simple Simon Balance Line Trading

  • #1,581
  • Jun 29, 2011 3:47am Jun 29, 2011 3:47am
Are you waiting for the break for the EURCAD?

Col: Do you have a clone working as your double mate? Any time I get on the thread you're here
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.gif Size: 15 KB
  • #1,582
  • Jun 29, 2011 3:49am Jun 29, 2011 3:49am
Quoting Colostarr
Was just dumb luck. I missed the candle previous because i wasn't at the computer. But if I were at the computer I would have taken the long trade, only to be stopped out for what would have been -30 pip loss.

You can also take it straight to the bank that I would have re-entered at the completion of what was my entry candle.

Bottom line, there will be losses, but if managed correctly your wins will far out weigh your losses.

If I had only taken those 2 trades, it would have resulted in a +68 pip win.

2 trades, 1 loss 50% win rate...
That's what I thought, first loss was ok if to be at the screen at that time
  • #1,583
  • Jun 29, 2011 3:53am Jun 29, 2011 3:53am
Morning all!
Happy trading all. Titch
  • #1,584
  • Jun 29, 2011 3:53am Jun 29, 2011 3:53am
Would this qualify as a good entry setup? EURAUD 1Hr TF

Support line broken at 1.36023 in congruence with the 50EMA also being boken at 1.36069

Or am I not spotting this accurately?
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 13 KB
  • #1,585
  • Jun 29, 2011 3:54am Jun 29, 2011 3:54am
Quoting Titch
Morning all!
Hey Titch....

What do you have your eyes on this wonderful morning?
  • #1,586
  • Jun 29, 2011 3:57am Jun 29, 2011 3:57am
Hello all,
thank you for your system.

I had a system and I changed alligator setting so I dont have the default setting.
please help me and tell me the setting for Jaws - teeth - Lips (I need periods and shifts in parameter section in properties).
and which one you are using for your system.

many thanx
ARIAN
  • #1,587
  • Jun 29, 2011 3:59am Jun 29, 2011 3:59am
GBPCHF has just breached the 50EMA.... anyone else spotting this potential rally? (might be a fake out though as current there are the KOF Economic Barometer affecting CHF)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 15 KB
  • #1,588
  • Jun 29, 2011 4:05am Jun 29, 2011 4:05am
Even though the thread may show me as present, I leave my computer turned on 24-7. I rarely close my Internet explorer.

You can bet anytime after 1900 GMT I am snoozing!

Quoting danbuttigieg
Are you waiting for the break for the EURCAD?

Col: Do you have a clone working as your double mate? Any time I get on the thread you're here
  • #1,589
  • Jun 29, 2011 4:06am Jun 29, 2011 4:06am
Quoting danbuttigieg
Hey Titch....

What do you have your eyes on this wonderful morning?
I am just going through the charts now.
I will post once I have had a look
Happy trading all. Titch
  • #1,590
  • Jun 29, 2011 4:06am Jun 29, 2011 4:06am
EURUSD: Closed on stop: +97 pips
USDCAD closed on stop: +38 pips
AUDUSD: Still alive: +80 locked currently at +106
  • #1,591
  • Jun 29, 2011 4:10am Jun 29, 2011 4:10am
Quoting arianptc01
Hello all,
thank you for your system.

I had a system and I changed alligator setting so I dont have the default setting.
please help me and tell me the setting for Jaws - teeth - Lips (I need periods and shifts in parameter section in properties).
and which one you are using for your system.

many thanx
ARIAN
Jaws P13 S 8
Teeth P8 S5
Lips P5 S3
Happy trading all. Titch
  • #1,592
  • Jun 29, 2011 4:10am Jun 29, 2011 4:10am
Locked in +45... currently sitting at about +67...
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 16 KB
  • #1,593
  • Jun 29, 2011 4:16am Jun 29, 2011 4:16am
Quoting danbuttigieg
Hey Titch....

What do you have your eyes on this wonderful morning?
USD CHF looking like we might get a reversal. Looks like it is coming to the end of the trend.

EUR CHF also look like it is coming to the end.

They may both go in to congestion then turn. Fingers crossed
Happy trading all. Titch
  • #1,594
  • Jun 29, 2011 4:19am Jun 29, 2011 4:19am
Quoting Titch
Jaws P13 S 8
Teeth P8 S5
Lips P5 S3

thank you Titch.
which one you are using in this system? Lips??(the blue moving average I mean)

ARIAN
  • #1,595
  • Jun 29, 2011 4:25am Jun 29, 2011 4:25am
I am going to be in the background for a while. Over 50 pm's to go through
Happy trading all. Titch
  • #1,596
  • Jun 29, 2011 4:32am Jun 29, 2011 4:32am
Quoting Titch
Hi Arian
We use the teeth. Change the colors of the lips and jaw to none so it only shows the teeth
thank you.
look at my chart. the red MA is Teeth and blue one is Jaws. according to your past posts you should use Jaws not Teeth. please compare my chart with yours and tell me what is difference.

Arian
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 18 KB
  • #1,597
  • Jun 29, 2011 4:33am Jun 29, 2011 4:33am
Very nice system... I like the simplicity...would you say it is important to read Williams' book to better understand the logic of the settings of the balance line? Or is it kind of a moot point?
  • #1,598
  • Jun 29, 2011 4:34am Jun 29, 2011 4:34am
THIS IS TO SERVE AS A NOTICE:
Although I started this thread as the Simple Simon Balance Line trading, it has evolved.

The method has evolved from the original rules. Members have contributed greatly and I thank you all!

One such member that has helped improve this method is Titch (Neil). Without the introduction of the 50 EMA and his insight to trading I firmly believe this thread would have folded LONG before we got to 108 pages!

What he has brought to the table has strengthened this method 10 fold, and can help improve your quality of life - DO NOT SEND DIS-RESPECTFUL PM'S TO TITCH OR ANY OTHER MEMBER IN GOOD STANDING IN THIS FORUM.

In my absence, Titch is more than qualified to answers any questions posted of this thread, probably more qualified than I am, No - he IS more qualified than I am.

If you want to limit your knowledge to just what I know, then shame on you. We are all here to learn as a collective we carry each other. Live with it, or Go to the Trading Made Simple thread where they cut each other publically.

Bottom line.
  • #1,599
  • Jun 29, 2011 4:35am Jun 29, 2011 4:35am
Nothing about Bill Williams is a Moot point brother! Bite your tongue!

Get his books - All 3 of them - educate yourself!

Quoting XxLessoxX
Very nice system... I like the simplicity...would you say it is important to read Williams' book to better understand the logic of the settings of the balance line? Or is it kind of a moot point?
  • #1,600
  • Jun 29, 2011 4:36am Jun 29, 2011 4:36am
Read the rules page 1 post 1. Refrain from combative posts in this thread

Quoting arianptc01
thank you.
look at my chart. the red MA is Teeth and blue one is Jaws. according to your past posts you should use Jaws not Teeth. please compare my chart with yours and tell me what is difference.

Arian
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