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Simple Simon Balance Line Trading

  • #1,681
  • Jun 29, 2011 11:58am Jun 29, 2011 11:58am
yes I didn't understand that all time high - it's not even the most recent high let alone an all time one
  • #1,682
  • Jun 29, 2011 11:59am Jun 29, 2011 11:59am
Looks like a valid buy signal to me brother. Where is your 50ema?

Quoting Danyjoe
was right to enter or I have complicated my life?
  • #1,683
  • Jun 29, 2011 12:02pm Jun 29, 2011 12:02pm
106,779 views to this thread! Sweet!
  • #1,684
  • Jun 29, 2011 12:08pm Jun 29, 2011 12:08pm
Quoting Colostarr
106,779 views to this thread! Sweet!
I know mate. It's mad!

Credit to you mate!
Happy trading all. Titch
  • #1,685
  • Jun 29, 2011 12:39pm Jun 29, 2011 12:39pm
Very interesting system Colostarr, got to admit. Following his system exactly as described on page1.

First weeks results trading on standard lot shown in picture.

And yes, this is how i'd trade with real money. I don't open demo accounts with 100K to paper trade.

152pips. 4 trades, 0 losers, 4 winners.
Attached Image (click to enlarge)
Click to Enlarge Name: mt4.jpg Size: 209 KB
  • #1,686
  • Jun 29, 2011 12:49pm Jun 29, 2011 12:49pm
Quoting Colostarr
Trade update:

AUDUSD trade still alive! +100 pips locked currently at +123
Hello colostarr!
Can you please show in which price you entered (in the picture on post #1608)?
  • #1,687
  • Jun 29, 2011 12:54pm Jun 29, 2011 12:54pm
Quoting erod84
Very interesting system Colostarr, got to admit. Following his system exactly as described on page1.

First weeks results trading on standard lot shown in picture.

And yes, this is how i'd trade with real money. I don't open demo accounts with 100K to paper trade.

152pips. 4 trades, 0 losers, 4 winners.
How did you know enter BUY gbp/usd on price 1.60300?
  • #1,688
  • Jun 29, 2011 1:27pm Jun 29, 2011 1:27pm
Quoting Tal1983
How did you know enter BUY gbp/usd on price 1.60300?
By following instructions in page #1
  • #1,689
  • Jun 29, 2011 3:02pm Jun 29, 2011 3:02pm
Quoting erod84
By following instructions in page #1
If you look at 1H chart- how many trades can you get per day?
  • #1,690
  • Jun 29, 2011 3:12pm Jun 29, 2011 3:12pm
Hey Colo,

I'm diggin this system. Made my first trades with it today and I'm up 55 pips, Not bad

Just have one question. I see you made adjustments to the rules and added a 50MA. I have tried to find the settings for the 50ma but with over 200 posts its kind of difficult. Could you let me in on the settings for the 50ma when you get a chance?

Thanks for sharing and showing this system, its legit.

Rex.
FxRex Fact #143: I can run really fast.
  • #1,691
  • Jun 29, 2011 3:33pm Jun 29, 2011 3:33pm
Quoting Tal1983
If you look at 1H chart- how many trades can you get per day?

Just look at a 1 hour chart...the trades are easy to spot.
  • #1,692
  • Jun 29, 2011 3:42pm Jun 29, 2011 3:42pm
made an account to say nice stuff!
  • #1,693
  • Jun 29, 2011 4:06pm Jun 29, 2011 4:06pm
Quoting FxReX
Hey Colo,

I'm diggin this system. Made my first trades with it today and I'm up 55 pips, Not bad

Just have one question. I see you made adjustments to the rules and added a 50MA. I have tried to find the settings for the 50ma but with over 200 posts its kind of difficult. Could you let me in on the settings for the 50ma when you get a chance?

Thanks for sharing and showing this system, its legit.

Rex.
Hi rex

Use the 50ema set to high

I hope this helps
Happy trading all. Titch
  • #1,694
  • Jun 29, 2011 4:09pm Jun 29, 2011 4:09pm
Hi FxRex I believe its the 50 EMA apply to the High

Quoting FxReX
Hey Colo,

I'm diggin this system. Made my first trades with it today and I'm up 55 pips, Not bad

Just have one question. I see you made adjustments to the rules and added a 50MA. I have tried to find the settings for the 50ma but with over 200 posts its kind of difficult. Could you let me in on the settings for the 50ma when you get a chance?

Thanks for sharing and showing this system, its legit.

Rex.
  • #1,695
  • Jun 29, 2011 4:10pm Jun 29, 2011 4:10pm
Quoting Titch
Hi rex

Use the 50ema set to high

I hope this helps

Right on Titch, Thanks my friend!

Are there any new rules that go along with the addition of the 50ma?
FxRex Fact #143: I can run really fast.
  • #1,696
  • Jun 29, 2011 4:13pm Jun 29, 2011 4:13pm
Quoting frollollc
Just look at a 1 hour chart...the trades are easy to spot.
What would you open here? short or long? and why?

edit: There is a long candle and a short candle and they both close to the blue line
Attached Image (click to enlarge)
Click to Enlarge Name: GU.JPG Size: 190 KB
  • #1,697
  • Jun 29, 2011 4:19pm Jun 29, 2011 4:19pm
Thanks Titch ... your answer should resolve any Q's about it.
Personally I used different setting up to now but will try yours now.
Grate stuff.
Quoting Titch
Hi rex

Use the 50ema set to high

I hope this helps
  • #1,698
  • Jun 29, 2011 4:25pm Jun 29, 2011 4:25pm
Quoting FxReX
Right on Titch, Thanks my friend!

Are there any new rules that go along with the addition of the 50ma?
No more rules my friend just the 50ema, Think of it as a moving support and resistance.
Happy trading all. Titch
  • #1,699
  • Jun 29, 2011 4:31pm Jun 29, 2011 4:31pm
Quoting paul56
Thanks Titch ... your answer should resolve any Q's about it.
Personally I used different setting up to now but will try yours now.
Grate stuff.
Hi paul56

You could use any of the settings as long as it is a 50 ma. The reason being it is a S/R guidance. I tested it with all the 50ma's but found the 50ema set to high slightly more accurate. It works well because the pa will always retrace to the 50 ma
Happy trading all. Titch
  • #1,700
  • Jun 29, 2011 4:40pm Jun 29, 2011 4:40pm
Quoting Tal1983
What would you open here? short or long? and why?

edit: There is a long candle and a short candle and they both close to the blue line
Hi Tal1983

You would only be setting a pending order to go long as neither bearish candle closed below the balance line so you would have been looking for a bounce trade.
Even if you had set a short pending order it would never have been triggered.

I hope this helps
Happy trading all. Titch
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