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Simple Simon Balance Line Trading

  • #2,141
  • Jul 19, 2011 7:20am Jul 19, 2011 7:20am
I think the latter of the 2! I think ALOT can be learned from a couple old crusty's such as us?

I'll try to post more charts as I get settled in here!

Quoting Titch
No problems mate, I can't believe how dead this has become. Maybe everyone has made enough to retire. Or maybe we were missed
  • #2,142
  • Jul 19, 2011 7:24am Jul 19, 2011 7:24am
cant speak for anyone else but i have been on the thread studying. and until i I have a question that hasnt already been answered, or something of value to add i tend to keep my trap shut. but i hope the thread stays alive. there truly isnt a less complicated method on FF, and newbies and pros alike can benefit from whats in here. I would post charts of trades but I trade this slightly differently and wouldnt want to muddy any waters. Great thread and like I said before, I hope it stays around.
  • #2,143
  • Jul 19, 2011 7:32am Jul 19, 2011 7:32am
One to watch!
USD JPY has been in a sideways range for nearly 3 days, if you look on the 4hr chart it looks like a nice trend step trade. I would expect to get a bounce trade off the bl in the next day or so.
Happy trading all. Titch
  • #2,144
  • Jul 19, 2011 7:33am Jul 19, 2011 7:33am
No doubt that when you guys are on the board it is much more alive. I just posted how dead it has been yesterday. Lets keep this baby going. I love it. Colostarr, I'm sure you are loving being home. Hope this works out for you and all of us. Peace.
  • #2,145
  • Jul 19, 2011 7:39am Jul 19, 2011 7:39am
Quoting Jules9
No doubt that when you guys are on the board it is much more alive. I just posted how dead it has been yesterday. Lets keep this baby going. I love it. Colostarr, I'm sure you are loving being home. Hope this works out for you and all of us. Peace.
Thanks Jules9, I did see your post and could not believe how quiet it has been. Not for much longer though. We can all get this kicking again.
Happy trading all. Titch
  • #2,146
  • Jul 19, 2011 7:43am Jul 19, 2011 7:43am
Thats what we want to hear. I need my daily fix here.Lol.
  • #2,147
  • Jul 19, 2011 8:02am Jul 19, 2011 8:02am
Hey guys,

this method rocks!

I trade it on the H1 and H4. Today I made two trades:
+39 pips on NZDUSD
+15 pips on AUDUSD (both H1 trades)

Btw, I type and trade from my Samsung Galaxy S2 smartphone.
I am connected to my VPS server via remote desktop and controlling multiple MT4 instances. This works really great.

Cheers,
Olarion
  • #2,148
  • Jul 19, 2011 8:06am Jul 19, 2011 8:06am
We'll try our best to keep this thread active! Thank you for your input!

Quoting XxLessoxX
cant speak for anyone else but i have been on the thread studying. and until i I have a question that hasnt already been answered, or something of value to add i tend to keep my trap shut. but i hope the thread stays alive. there truly isnt a less complicated method on FF, and newbies and pros alike can benefit from whats in here. I would post charts of trades but I trade this slightly differently and wouldnt want to muddy any waters. Great thread and like I said before, I hope it stays around.
  • #2,149
  • Jul 19, 2011 8:07am Jul 19, 2011 8:07am
Quoting Olarion1975
Hey guys,

this method rocks!

I trade it on the H1 and H4. Today I made two trades:
+39 pips on NZDUSD
+15 pips on AUDUSD (both H1 trades)

Btw, I type and trade from my Samsung Galaxy S2 smartphone.
I am connected to my VPS server via remote desktop and controlling multiple MT4 instances. This works really great.

Cheers,
Olarion
Hi Olarion

It sure does work and glad you enjoy. I also use a VPS as sometimes my internet can be a bit unreliable. Nowadays it is quite cheap and for anyone with a dodgy internet it is worth the money!
Happy trading all. Titch
  • #2,150
  • Jul 19, 2011 8:07am Jul 19, 2011 8:07am
Fantasic Olarion thank you for the input! This method DOES Rock doesn't it?


Quoting Olarion1975
Hey guys,

this method rocks!

I trade it on the H1 and H4. Today I made two trades:
+39 pips on NZDUSD
+15 pips on AUDUSD (both H1 trades)

Btw, I type and trade from my Samsung Galaxy S2 smartphone.
I am connected to my VPS server via remote desktop and controlling multiple MT4 instances. This works really great.

Cheers,
Olarion
  • #2,151
  • Jul 19, 2011 8:18am Jul 19, 2011 8:18am
I am liking how the 50 held the EURUSD in check (for now). A little early but I think it may be a bounce off the 50 on the 1H

Neil the 50 and 30 are tightly wound here - you think a bounce is likely?
  • #2,152
  • Jul 19, 2011 8:22am Jul 19, 2011 8:22am
Hi Rick, welcome back! Please take a quick look at my post #2128. I just need your approval to leave or not my pdf file attached. Your opinion is important.

Thanks.

Alejandro
  • #2,153
  • Jul 19, 2011 8:24am Jul 19, 2011 8:24am
Not correlating too well.

My 2 trades open EURUSD bounce from earlier down to +10 pips stop at BE but the USDCAD currently at +81 with +60 locked in

Weird
  • #2,154
  • Jul 19, 2011 8:25am Jul 19, 2011 8:25am
Quoting Colostarr
I am liking how the 50 held the EURUSD in check (for now). A little early but I think it may be a bounce off the 50 on the 1H

Neil the 50 and 30 are tightly wound here - you think a bounce is likely?
Very strong possibility, if you look at them they are tight together as they are just about to swap. The line up is still showing the down move then a side move. I would imagine they are just about to swap positions to show an up move and then open up, so I would say there would be a strong possibility of a bounce trade.
Happy trading all. Titch
  • #2,155
  • Jul 19, 2011 8:28am Jul 19, 2011 8:28am
Quoting Colostarr
Not correlating too well.

My 2 trades open EURUSD bounce from earlier down to +10 pips stop at BE but the USDCAD currently at +81 with +60 locked in

Weird
Large correction due soon then mate, as long as it is the 10pip one and not the other that corrects
Happy trading all. Titch
  • #2,156
  • Jul 19, 2011 8:29am Jul 19, 2011 8:29am
I figured as much. With BoC leaving interest rates and the USDCAD strong down move, I think this should coorelate to nice northerly move for the EURUSD. Never had a chance to lock in anything other than BE, but am +60 on USDCAD

Quoting Titch
Very strong possibility, if you look at them they are tight together as they are just about to swap. The line up is still showing the down move then a side move. I would imagine they are just about to swap positions to show an up move and then open up, so I would say there would be a strong possibility of a bounce trade.
  • #2,157
  • Jul 19, 2011 8:31am Jul 19, 2011 8:31am
Peretola - thank you for compiling the rules, but may I ask that you take down the PDF? I'll be around more to monitor and keep track of this thread. Appreciate your time though!

Quoting Peretola
Hi Rick, welcome back! Please take a quick look at my post #2128. I just need your approval to leave or not my pdf file attached. Your opinion is important.

Thanks.

Alejandro
  • #2,158
  • Jul 19, 2011 8:33am Jul 19, 2011 8:33am
Neil,
Just sent you a PM
  • #2,159
  • Jul 19, 2011 8:37am Jul 19, 2011 8:37am
I think that is going to be a nice move off the 50 Neil. Just need it to clear that resistance!
  • #2,160
  • Jul 19, 2011 8:39am Jul 19, 2011 8:39am
How fast and what point would you set break even? Sometimes I set it when I get to 20 pips then I get stopped out just to have it turn and go in favor of the intial trade. I think I am setting it to early. Any ideas on this would help.
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