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Simple Simon Balance Line Trading

  • #1,941
  • Jul 6, 2011 11:07am Jul 6, 2011 11:07am
Quoting Olarion1975
+80 pips locked
+90 pips lcked!!

I love this method
  • #1,942
  • Jul 6, 2011 11:10am Jul 6, 2011 11:10am
Quoting mfinab
Hi Klaxon,

Thanks! I didn't take any chance. After testing the EMA I have closed the trade a BE +4 pips. Will wait for another opportunity.

Mfinab,

Yeah maybe the next 4h candle will break the BL and offer us a short opportunity instead !
Respect and Honor !
  • #1,943
  • Jul 6, 2011 11:35am Jul 6, 2011 11:35am
eurusd short entry on 15m, exit 1/4 +80.
  • #1,944
  • Jul 6, 2011 12:28pm Jul 6, 2011 12:28pm
Where have you guys been?
  • #1,945
  • Jul 6, 2011 1:26pm Jul 6, 2011 1:26pm
Quoting Olarion1975
+90 pips lcked!!

I love this method
UPDATE: +110 pips locked!!!

AND NOW: +120 pips locked...awesome trade!!
  • #1,946
  • Jul 6, 2011 1:57pm Jul 6, 2011 1:57pm
Quoting Olarion1975
UPDATE: +110 pips locked!!!

AND NOW: +120 pips locked...awesome trade!!
FINALLY: stopped out at +120 pips! I call it a day...:-)
  • #1,947
  • Jul 6, 2011 2:23pm Jul 6, 2011 2:23pm
Quoting Olarion1975
FINALLY: stopped out at +120 pips! I call it a day...:-)
Hi Olarion,

Congrats!

Well Signals for me are rare right now.

Mfinab,
  • #1,948
  • Jul 6, 2011 5:32pm Jul 6, 2011 5:32pm
Quoting Olarion1975
FINALLY: stopped out at +120 pips! I call it a day...:-)
nice trading, excellent.
  • #1,949
  • Jul 6, 2011 7:20pm Jul 6, 2011 7:20pm
Hi !

Here is my Pending Order Short on 4H Chart

Mfinab,

http://mfinab.dyndns.org:8000/20110706-xg7-91kb.jpg
  • #1,950
  • Jul 6, 2011 11:24pm Jul 6, 2011 11:24pm
Sorry Jules - I can't speak for Titch but I can tell you I personally have been very busy.

As a result of trading this method, I have recently given my termination notice to my employer!!

I have roughly 7 days left before I go home for good!!

So I have been taking personal time off so that I can get all of my personal affairs in order.

I have still been trading though! I've netted roughly 700 pips this week (6 trades, 6 wins!)

As of about 6 days ago - I am able still to risk only 5%, while finally reaching my personal goal of trading 1 full lot (actually 1.5 full lots at times!). It seems like it took forever, but goal has finally been attained! Next goal = 5 full lots!

Now I move forward! Thank GOD for this method!

I now have a safe enough account balance that I can terminate my employer and go home for good, and still make a very comfortable income!

So if it seems like I am absentee - it's for a reason! I'll be home this time next week! Colorado here I come!

Quoting Jules9
Where have you guys been?
  • #1,951
  • Jul 6, 2011 11:31pm Jul 6, 2011 11:31pm
Quoting Colostarr
Sorry Jules - I can't speak for Titch but I can tell you I personally have been very busy.

As a result of trading this method, I have recently given my termination notice to my employer!!

I have roughly 7 days left before I go home for good!!

So I have been taking personal time off so that I can get all of my personal affairs in order.

I have still been trading though! I've netted roughly 700 pips this week (6 trades, 6 wins!)

As of about 6 days ago - I am able still to risk only 5%, while finally reaching my personal goal of trading 1...
Hi Colostarr,

It ia also my dream to do full time trading one day. Still learning this system. Good see you left your job for trading. This shows how confidence you are in your trading. If you can share your experience in acheiving this goal will help people like me.

Wishing you a great success.
  • #1,952
  • Jul 6, 2011 11:52pm Jul 6, 2011 11:52pm
Quoting Colostarr
Sorry Jules - I can't speak for Titch but I can tell you I personally have been very busy.

As a result of trading this method, I have recently given my termination notice to my employer!!

I have roughly 7 days left before I go home for good!!

So I have been taking personal time off so that I can get all of my personal affairs in order.

I have still been trading though! I've netted roughly 700 pips this week (6 trades, 6 wins!)

As of about 6 days ago - I am able still to risk only 5%, while finally reaching my personal goal of trading 1...
Congratulations Colostarr,

There's nothing like saying your good byes to an employer and working full time for yourself especially in this business and at this time when technology allows you to do from any where in the world.Its really great to be on this thread where there is so much passion about trading.

All the best to you and Thanks again for starting the thread its working very well for me too.
  • #1,953
  • Jul 6, 2011 11:53pm Jul 6, 2011 11:53pm
I had 2 reasons for starting this thread.

1. To FORCE myself to stick to a trading plan and trading rules - Mission accomplished!

2. To help as many people as I could - Mission accomplished 138,831 views and growing!

I will never forget where I came from, I will never forget how much I struggled with the Forex Market, and I will never forget how lonely it can be to look for help, guidance and support.

I am glad that I had an opportunity to reach to and help so many people; I never dreamed that this thread would have gotten so popular!

This thread seems to have taken on a life of its own. There are still many valuable and experienced traders posting in this thread! Learn from them, learn from each other. This is a trading community – I ask that you keep it alive.

Never forget where you came from! If you have knowledge that you can share, please do the right thing and share your knowledge.

I will still be available via PM and I will pop in from time to time to say hello.

Don’t be strangers – send me a PM, if you like I will even give you my personal e-mail address, but I think for the most part you all have a decent grasp of this system!

I have grown comfortable enough with this method that I have gotten to where I achieve close to a 90% win rate. I did that by concentrating on my trading.

When I first launched this thread, I found myself answering PM’s and questions that often pulled me away from my trading, while it was personally fulfilling to help others it often happened as a detriment to my own trading!

I would still jump at an opportunity to help someone, so if you need help please reach out to me via PM!!

I will be in and out for the next 5 or 6 days, if you have any questions please feel free to contact me, If I don’t reply immediately give me some time as I have 6 years worth of personal collections to get packed and mailed home!

Good Luck to you all!
  • #1,954
  • Jul 6, 2011 11:56pm Jul 6, 2011 11:56pm
Thank you Netwatch! Yes it did feel good, but at the same time, I am sad.

I have MANY friends and co-workers here that I consider family. This has been my home for the last 6 years, I will miss the people!

But my REAL family needs me, and FINALLY I won't fail them, I will be home soon!

They have NO IDEA that I am coming home! I am just going to show up at the door step!

Very excited!

Quoting netwatchpips
Hi Colostarr,

It ia also my dream to do full time trading one day. Still learning this system. Good see you left your job for trading. This shows how confidence you are in your trading. If you can share your experience in acheiving this goal will help people like me.

Wishing you a great success.
  • #1,955
  • Jul 6, 2011 11:58pm Jul 6, 2011 11:58pm
Glad to hear it sparticus!

Quoting Sparticus
Congratulations Colostarr,

There's nothing like saying your good byes to an employer and working full time for yourself especially in this business and at this time when technology allows you to do from any where in the world.Its really great to be on this thread where there is so much passion about trading.

All the best to you and Thanks again for starting the thread its working very well for me too.
  • #1,956
  • Jul 7, 2011 12:51am Jul 7, 2011 12:51am
Hi everyone,what do we think of this set up happening on the EURGBP 1 Hour.Its a text book setup ,Im just not liking the resistance above.

Any comments would be great.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 38 KB
  • #1,957
  • Jul 7, 2011 12:58am Jul 7, 2011 12:58am
Quoting Colostarr
Sorry Jules - I can't speak for Titch but I can tell you I personally have been very busy.

As a result of trading this method, I have recently given my termination notice to my employer!!

I have roughly 7 days left before I go home for good!!

So I have been taking personal time off so that I can get all of my personal affairs in order.

I have still been trading though! I've netted roughly 700 pips this week (6 trades, 6 wins!)

As of about 6 days ago - I am able still to risk only 5%, while finally reaching my personal goal of trading 1...
Congratulation in attending your goal and your dream. This is good news for you, your family and for us as traders aslo. That's my dream also and lots of us in this thread. We all have one goal to be living on trading and myself I am set to be free of working for anyone other than I hehe.

Discipline, yes you do have discipline and you followed your plan with patience, and finally it paid off. I still remember telling me to stick to my plan for 30 days and it will become a habit in building discipline. it worked for you soooo it will work for me eventually.

So, who is going to be next as self employed? I hope all of us soon

Good luck everybody and happy for Rick! thanks for opening this thread and giving all your time in helping us.

My regards,
  • #1,958
  • Jul 7, 2011 1:57am Jul 7, 2011 1:57am
Quoting Sparticus
Hi everyone,what do we think of this set up happening on the EURGBP 1 Hour.Its a text book setup ,Im just not liking the resistance above.

Any comments would be great.

Hi Sparticus,

Yes lot of resistance as well. 50 EMA at 8981. Trendline.

Pending order at 8988.

Comments from others appriciated.
  • #1,959
  • Jul 7, 2011 2:00am Jul 7, 2011 2:00am
Quoting godwin2002
Hi Sparticus,

Yes lot of resistance as well. 50 EMA at 8981. Trendline.

Pending order at 8988.

Comments from others appriciated.
Also look at the divergence. Possible trend change. I set up the pending order as well. Also keep a eye on EUR/CAP possible bounce trade.
  • #1,960
  • Jul 7, 2011 2:21am Jul 7, 2011 2:21am
Hi Rick
great to hear your good news, congratulations man
You are an inspiration to many, myself included, will send you a personal message, just don't you dare be a stranger,
take care and good luck my friend

Tom (UK)
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