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Simple Simon Balance Line Trading

  • #1,761
  • Jun 30, 2011 9:06am Jun 30, 2011 9:06am
Quoting peterporter
Just captured the USDCHF and GBPCHF up surge
My problem is when I get up 50 pips on each I am so tempted to cash in , especially when I see it retracing a bit
Do you ever just cash in like that ??
It's just that I cannot guarantee that there is any main trend behind such moves , going up
If the trend was up I would be tempted to let it run more

UPDATE well I am glad I didnt cash in cos its just doubled
Wow I love this strat , up 248 pips today

What do people reckon of EURJPY
Nice work Peter, just courious, what time do you start trading in the AM? I have a feeling I'm missing out on some good trades not draggin my arse out of bed till 8:00am.
FxRex Fact #143: I can run really fast.
  • #1,762
  • Jun 30, 2011 9:06am Jun 30, 2011 9:06am
I cancelled my buy order on usd/chf when it didn't trigger within a couple of hours! - I guess that news has caused the move.

Great trade.
  • #1,763
  • Jun 30, 2011 9:06am Jun 30, 2011 9:06am
Quoting Jules9
got nstop at 116.21 . how about you pete?
eh??
yep tirggered
116.710
sl 116.148
tp 117.710 (just a safety thing if I am not at my pc- if its a runner I delete this or move it )
my spread is 3.2 pips live
UPDATE + 7 pips
I have MPTM set at BE @ +15 pips
UPDATE be triggered + 15 pips
OK so now I leave this one going safe and am able to get my son from school - wish all days were like this
  • #1,764
  • Jun 30, 2011 9:07am Jun 30, 2011 9:07am
moving stop to BE
  • #1,765
  • Jun 30, 2011 9:10am Jun 30, 2011 9:10am
Glad to hear it brother. My EURJPY just triggered long

Quoting peterporter
Just captured the USDCHF and GBPCHF up surge
My problem is when I get up 50 pips on each I am so tempted to cash in , especially when I see it retracing a bit
Do you ever just cash in like that ??
It's just that I cannot guarantee that there is any main trend behind such moves , going up
If the trend was up I would be tempted to let it run more

UPDATE well I am glad I didnt cash in cos its just doubled
Wow I love this strat , up 248 pips today

What do people reckon of EURJPY
  • #1,766
  • Jun 30, 2011 9:11am Jun 30, 2011 9:11am
Quoting Colostarr
Glad to hear it brother. My EURJPY just triggered long

you are the dogs bo**ox
what do you reckon of USDJPY - bounce trade????
  • #1,767
  • Jun 30, 2011 9:12am Jun 30, 2011 9:12am
locked in at 10 on eur/jpy. Lets hope wave keeps going.
  • #1,768
  • Jun 30, 2011 9:14am Jun 30, 2011 9:14am
getting close to my 10 pip stop out
  • #1,769
  • Jun 30, 2011 9:14am Jun 30, 2011 9:14am
Quoting Jules9
locked in at 10 on eur/jpy. Lets hope wave keeps going.
has met resistance at 116.962 wtach it
  • #1,770
  • Jun 30, 2011 9:20am Jun 30, 2011 9:20am
i'll tell you it is hard not to lock in 30 pips and run. Feel like i'm greedy.Hard to set 10 pip stop loss and wait.
  • #1,771
  • Jun 30, 2011 9:41am Jun 30, 2011 9:41am
Quoting Colostarr
Glad to hear it brother. My EURJPY just triggered long
was this sell setup a valid one as per strategy....thanks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd setup.gif Size: 23 KB
Raza
  • #1,772
  • Jun 30, 2011 10:06am Jun 30, 2011 10:06am
eurusd long entry on 15m
  • #1,773
  • Jun 30, 2011 10:47am Jun 30, 2011 10:47am
Quoting FxReX
Nice work Peter, just courious, what time do you start trading in the AM? I have a feeling I'm missing out on some good trades not draggin my arse out of bed till 8:00am.
I live in France so I capture euro opên , london open and NY open
I dont bother trying to accomodate Tokyo open
so start trading around 8.00 am CET and finish around 6.00 pm CET but Im not full time at my PC
  • #1,774
  • Jun 30, 2011 11:31am Jun 30, 2011 11:31am
Hello everybody, take this gbpusd long 1H and i m already 16 pips up for now, did anybody take this long too ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp long 1hr.gif Size: 24 KB
Respect and Honor !
  • #1,775
  • Jun 30, 2011 11:35am Jun 30, 2011 11:35am
Yes I did, SL is now at BE, no risk.

Also took USDJPY short, only just triggered, lets see how it goes.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 16 KB
  • #1,776
  • Jun 30, 2011 11:35am Jun 30, 2011 11:35am
Quoting Klaxon
Hello everybody, take this gbpusd long 1H and i m already 16 pips up for now, did anybody take this long too ?

sure did!
FxRex Fact #143: I can run really fast.
  • #1,777
  • Edited 12:19pm Jun 30, 2011 11:36am | Edited 12:19pm
Is there an alert for this system?

Thanks!

Edit--- Nevermind, I just used a modified EMA Cross email alert. Works fine.
  • #1,778
  • Jun 30, 2011 11:45am Jun 30, 2011 11:45am
Quoting indy360
Yes I did, SL is now at BE, no risk.

Also took USDJPY short, only just triggered, lets see how it goes.

Attachment
gbpusd hit my SL at BE, i have yet to catch one of these big moves!

At least SL was at BE so it wasnt a loss

usdjpy still open, currently - 2 pips
  • #1,779
  • Jun 30, 2011 12:29pm Jun 30, 2011 12:29pm
Quoting pilotui
Is there an alert for this system?

Thanks!

Edit--- Nevermind, I just used a modified EMA Cross email alert. Works fine.

This is much better.

http://www.forexfactory.com/showthread.php?t=300082
  • #1,780
  • Jun 30, 2011 12:47pm Jun 30, 2011 12:47pm
Quoting CodeMeister
This is much better.

http://www.forexfactory.com/showthread.php?t=300082
Nice work, that is pretty cool.
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