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Simple Simon Balance Line Trading

  • #2,021
  • Jul 8, 2011 7:40am Jul 8, 2011 7:40am
Thank you for the reminder. I had completely forgotten that today was Friday. had a nice trade going on the EUR/USD closed it for +85 when the NFP hit!

9 trades, 9 wins for the week = 993 pips 100% wins

Hey EVERYONE THIS SYSTEM IS FLAWED! !!

Quoting mfinab
Hi Guys,

Have a nice and good Friday!!

NFP in few minutes...

I do a test on AUD USD 1H chart
Do not trade this live !!

Just want to see what It will do ! ... EU got down an hour ago and AUD USD didn't move so much....

Mfinab,
http://mfinab.dyndns.org:8000/20110708-a91-233kb.jpg
  • #2,022
  • Jul 8, 2011 7:42am Jul 8, 2011 7:42am
Read the rules brother! No TP's with this method!! Only manually trailing your stop!

Quoting hibore
Hi Guys,

1st time I try this trading system in demo account:
1st trade EU Long 1.4374 -41 - I did not notice the candle touching EMA50
2nd trade GU Short 1.5967 -13 - got SL, the candle hanging on the blue line
3rd trade EU Short 1.4335 +50 - TP too fast
4th trade EU Short 1.4305 +21 - TP too fast too.

Thanks for sharing this great system with us.....looking forward to testing more and more before entering the live account.
  • #2,023
  • Jul 8, 2011 7:42am Jul 8, 2011 7:42am
Neil, it paid to get out with profit of 74 pips no eur/usd, now it is going up 93 pips so far. It is my day today
  • #2,024
  • Jul 8, 2011 7:45am Jul 8, 2011 7:45am
Quoting Colostarr
Thank you for the reminder. I had completely forgotten that today was Friday. had a nice trade going on the EUR/USD closed it for +85 when the NFP hit!

9 trades, 9 wins for the week = 993 pips 100% wins

Hey EVERYONE THIS SYSTEM IS FLAWED! !!
Hi RIck, there is no doubt this system is great. Again it depends on the individual's discipline and money management. The best strategies can work for some and not for someone else.

Happy Trading
  • #2,025
  • Jul 8, 2011 7:51am Jul 8, 2011 7:51am
Quoting southbeach
Neil, it paid to get out with profit of 74 pips no eur/usd, now it is going up 93 pips so far. It is my day today
Well done Adam
Happy trading all. Titch
  • #2,026
  • Jul 8, 2011 7:54am Jul 8, 2011 7:54am
Quoting hibore
Hi Guys,

1st time I try this trading system in demo account:
1st trade EU Long 1.4374 -41 - I did not notice the candle touching EMA50
2nd trade GU Short 1.5967 -13 - got SL, the candle hanging on the blue line
3rd trade EU Short 1.4335 +50 - TP too fast
4th trade EU Short 1.4305 +21 - TP too fast too.

Thanks for sharing this great system with us.....looking forward to testing more and more before entering the live account.
Hi Hibore,

Here is the way to trail your stop manually! It's very good way to do.. take a look at that video on youtube
Inserted Video


Everybody should do this method with that system in my opinion.

Have a nice Friday to all!

Mfinab,
  • #2,027
  • Jul 8, 2011 8:00am Jul 8, 2011 8:00am
Hi Rick,

Would like to thank you for this system.
I am trading full time for over a year now, and up till now was totally dependend of one system i created myself.
Its a nice system but, at times its into a DD (much like any mechanically traded system).
So i was looking to add another different trading style in a completely different market.
I trade futures now, but would like to get involved in the forex market.
I have tried some other ways to make a fortune on forex before but had no luck.
I am still reading this thread (allmost halfway now) but am astonished by the simplicity of this system.
Thanks a lot, i'm definitely going to use this.
Persistence will get it. Consistency will keep it.
  • #2,028
  • Jul 8, 2011 8:22am Jul 8, 2011 8:22am
Quoting Titch
This is the way I trade it as per post 1. Have a go with it on a demo. Works well.

have a look at the chart in post 8. the 3rd trade was a buy trade. the candle crossed above the blue line. according to your rules, it should be a buy trade to enter...which would have triggered (but eventually lost).

but instead colo entered a sell trade. confusion or what ? clearly the rules you are following are not correct. the rules i stated seem to be correct..
  • #2,029
  • Jul 8, 2011 8:24am Jul 8, 2011 8:24am
Neil - Sent you a PM

Quoting Titch
Good idea. Test on demo until you are fully comfortable. Demo trading is the time to learn and perfect.

Great start though.

Well done!
  • #2,030
  • Jul 8, 2011 8:25am Jul 8, 2011 8:25am
WhatFX has been banned.
  • #2,031
  • Jul 8, 2011 8:26am Jul 8, 2011 8:26am
Afternoon all
Just fin work, hooray, bad figure for US, I never trade on nfp day, too volatile and too many false signals, too news driven, but congrats to everyone who made a few quid, Rick great week man, well done, whatfx, just go and bother someone else don't need your negative crap, Rick and Titch have been great and helped so many people me included, so please please please just go
anyway, gonna have a look around charts and thread
respect to all

Tom
  • #2,032
  • Jul 8, 2011 8:27am Jul 8, 2011 8:27am
Went in LARGE on the NFP news.

Currently +40 locked (Long)
  • #2,033
  • Jul 8, 2011 8:28am Jul 8, 2011 8:28am
Thanks Tom! No Worries - WhatFx has been banned

Quoting booktimes
Afternoon all
Just fin work, hooray, bad figure for US, I never trade on nfp day, too volatile and too many false signals, too news driven, but congrats to everyone who made a few quid, Rick great week man, well done, whatfx, just go and bother someone else don't need your negative crap, Rick and Titch have been great and helped so many people me included, so please please please just go
anyway, gonna have a look around charts and thread
respect to all

Tom
  • #2,034
  • Jul 8, 2011 8:32am Jul 8, 2011 8:32am
Quoting Colostarr
Neil - Sent you a PM
Got it mate,

Am just off out to get Charlie will pm you when I get back.

Thanks Tom!
Happy trading all. Titch
  • #2,035
  • Jul 8, 2011 8:53am Jul 8, 2011 8:53am
Check out the price flip to the far left. This one has potential AFTER THE BREAK. Before price breaks a bar high/low, you're really just trading the range. Once it does, you're trading momentum. Momentum is a lot more profitable.
Attached Image (click to enlarge)
Click to Enlarge Name: wait for break chfjpy.gif Size: 19 KB
I dream, therefore I become.
  • #2,036
  • Jul 8, 2011 9:17am Jul 8, 2011 9:17am
hi Titch,
are you trade in London session or it doesn't important?
I can see a lot of signals in Asia market when I am sleeping.

ARIAN
  • #2,037
  • Jul 8, 2011 9:28am Jul 8, 2011 9:28am
Quoting mike w
Check out the price flip to the far left. This one has potential AFTER THE BREAK. Before price breaks a bar high/low, you're really just trading the range. Once it does, you're trading momentum. Momentum is a lot more profitable.
Great explanation,

Thanks Mike
Happy trading all. Titch
  • #2,038
  • Jul 8, 2011 9:31am Jul 8, 2011 9:31am
Quoting arianptc01
hi Titch,
are you trade in London session or it doesn't important?
I can see a lot of signals in Asia market when I am sleeping.

ARIAN
Hi Arian,

I trade the London session. Just my preference. I do tend to trade the longer time frames mainly, but shorter time frames I tend to stick to the London session.

I hope this helps
Happy trading all. Titch
  • #2,039
  • Jul 8, 2011 10:08am Jul 8, 2011 10:08am
Quoting Colostarr
WhatFX has been banned.

Hi Colostarr,

Well Done!!!

Mfinab,
  • #2,040
  • Jul 8, 2011 11:26am Jul 8, 2011 11:26am
Quoting Colostarr
WhatFX has been banned.

Thanks you Colostarr !
Respect and Honor !
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