Simple Simon Balance Line Trading | Page 93 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

My way of trading by Using trend line , BL line & febo level 76 replies

Simple Horizontal Line Trading H1 87 replies

Programmers: Simple SendMail Line. Please Help 15 replies

Attachments: Simple Simon Balance Line Trading
Exit Attachments

Simple Simon Balance Line Trading

  • #1,841
  • Jul 3, 2011 3:06pm Jul 3, 2011 3:06pm
position held from last week, eurusd long on 15m, exit 1/4 +180.
  • #1,842
  • Jul 3, 2011 7:35pm Jul 3, 2011 7:35pm
Helo Mfinab.
I advice you to try applying the EMA 50 as Titch recommended.
ma period 50, Shift 0, method Exponential, Apply to High, your choice color just should be distinguishable from the (Blue) Balance Line.
If (after application) you still do not see / get an idea what may be potentially wrong then post your picture (w/50ema applied) again. Also may be good idea re-read this thread or at least those parts that do explain why it is recommended to use EMA 50 with this system. I'm guessing you probably have read most of it but I suggest you may have missed the part regarding ema50. Myself I do go back in the thread frequently and many times find that I "misread" or "missed" important passages of the thread.
Of course if you do not like using that particular ema ... you can always delete it at any time of your choosing.
Just my opinion. Hope it'll help.
Pavel

Quoting mfinab
Hi Titch,

I did not apply any 50 Ma on that chart. It is only the Balance Line.

Thanks for your quick reply I really appreciate !

Mfinab
  • #1,843
  • Jul 3, 2011 8:24pm Jul 3, 2011 8:24pm
Is there a valid AUDUSD H1 setup now?

Thanks!
BC2
  • #1,844
  • Jul 3, 2011 9:11pm Jul 3, 2011 9:11pm
Quoting Bobcat2
Is there a valid AUDUSD H1 setup now?

Thanks!
BC2

hi Bobcat.

Im assuming you are looking at a bounce off the Balance Line.I dont like the quality of it personally.The aussie has just got pounded after some bad reports about consumer spending in australia so Im keeping away.

I do have my eye on Gold as its just broken the Balance line to go long on the next close on the hour chart.I think that looks like a better quality signal.

what does everyone think?
  • #1,845
  • Jul 3, 2011 9:50pm Jul 3, 2011 9:50pm
Hi Sparticus,
The current candle in Gold tends to go up. Be careful, 50 EMA is above.
  • #1,846
  • Jul 3, 2011 11:25pm Jul 3, 2011 11:25pm
I guess NOT! LOL
  • #1,847
  • Jul 4, 2011 12:33am Jul 4, 2011 12:33am
eurusd short entry on 15m
  • #1,848
  • Jul 4, 2011 12:34am Jul 4, 2011 12:34am
Quoting pipdude
position held from last week, eurusd long on 15m, exit 1/4 +180.
Hi all, Pipdude, good results on eur/usd trade. that's my favorite currency b/c it is always trending. Did you use balance Line Strg to enter that trade?
  • #1,849
  • Jul 4, 2011 12:47am Jul 4, 2011 12:47am
Quoting pipdude
eurusd short entry on 15m
Hi Pipdude,

Looks like EUR/JPY forming for a Sell setup. Intersting to see how it goes in few minutes. Do you think is is valid setup?
  • #1,850
  • Jul 4, 2011 12:56am Jul 4, 2011 12:56am
Quoting netwatchpips
Hi Pipdude,

Looks like EUR/JPY forming for a Sell setup. Intersting to see how it goes in few minutes. Do you think is is valid setup?
Lets keep an eye on this one it looks like its setting up for a bounce trade off the Balance line.
  • #1,851
  • Jul 4, 2011 1:03am Jul 4, 2011 1:03am
EurGBP--Sell= Low 9018-(10+4)= 9004
SL= High 9037+(4+10)=9051
TP= 20 pips and more
---------------------------------------
The sell is confirmed by
AO
AC
EMA50 (set on H)
--------------------------------
Your comments are welcome
END
Attached Image (click to enlarge)
Click to Enlarge Name: 4-eurgbp sell based on bl.GIF Size: 39 KB
  • #1,852
  • Jul 4, 2011 1:20am Jul 4, 2011 1:20am
Hi,

Any one please confirm me if this is valid setup for Eur/Cad on H1. Trend is down. EMA confirmed as well.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-CAD-H1.jpg Size: 61 KB
  • #1,853
  • Jul 4, 2011 2:20am Jul 4, 2011 2:20am
Quoting netwatchpips
Hi,

Any one please confirm me if this is valid setup for Eur/Cad on H1. Trend is down. EMA confirmed as well.
------------------------
Hi
I think u hv no steep angulation
as i can see some kind of consolidation
Pls wait do not enter
Rgds
  • #1,854
  • Jul 4, 2011 2:20am Jul 4, 2011 2:20am
Hi,

Any one took this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-USD.jpg Size: 54 KB
  • #1,855
  • Jul 4, 2011 2:28am Jul 4, 2011 2:28am
Quoting chehab
EurGBP--Sell= Low 9018-(10+4)= 9004
SL= High 9037+(4+10)=9051
TP= 20 pips and more
---------------------------------------
The sell is confirmed by
AO
AC
EMA50 (set on H)
--------------------------------
Your comments are welcome
END
There are very strong fundamentals regarding EUR which indicates Bullish movement for euro.
  • #1,856
  • Jul 4, 2011 2:30am Jul 4, 2011 2:30am
Quoting netwatchpips
Hi,

Any one took this trade?

Please find the attached image.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 20 KB
  • #1,857
  • Jul 4, 2011 3:29am Jul 4, 2011 3:29am
Candle is touching balance line now
  • #1,858
  • Jul 4, 2011 3:33am Jul 4, 2011 3:33am
Quoting southbeach
Hi all, Pipdude, good results on eur/usd trade. that's my favorite currency b/c it is always trending. Did you use balance Line Strg to enter that trade?
yes, 15m balance line entry, was trying to hold longer term.
  • #1,859
  • Edited 3:54am Jul 4, 2011 3:44am | Edited 3:54am
Quoting netwatchpips
Hi Pipdude,

Looks like EUR/JPY forming for a Sell setup. Intersting to see how it goes in few minutes. Do you think is is valid setup?
on my chart, still hasn't triggered after 3rd 60m candle, and is now heading up. i'd ask colostarr about this example, or titch, who's now online.
  • #1,860
  • Jul 4, 2011 3:45am Jul 4, 2011 3:45am
Quoting hamad9
Please find the attached image.
===============
Hi
Your chart shows the consolidation which was applied to a different strategy that does not meet the one of current Balance Line-

Take care
0 traders viewing now