Simple Simon Balance Line Trading | Page 115 | 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

  • #2,281
  • Aug 1, 2011 3:01am Aug 1, 2011 3:01am
Hi, thanks for the great system..and I'm just a beginner on it..

I just stopped out from an EC trade.. the SL is high + 3 + pips..the overall trend is down.. so i place a sell stop and triggered...i finally SL , could I avoid this trade? maybe the big bull candle ..or experience count..i'm still learning..

http://i783.photobucket.com/albums/y...rrykhor/EC.jpg
  • #2,282
  • Aug 3, 2011 8:31am Aug 3, 2011 8:31am
EUR/USD momentum is changing, I got stopped twice and it took almost all my profit hehe. I hate it when it keeps ranging. I am out of the trade waiting for the next signal to enter long
  • #2,283
  • Aug 12, 2011 1:46am Aug 12, 2011 1:46am
This system is ok and really thanks for it. But I have one little question, may i? I've seen the site where you teach others to trade and you try to make money on it. As a newbie i'm asking myself - why a man who telling that he is successful trader should try to make money on students? I think it's becouse this is the only one way to make consistently profits on forex, really i think so. Is it? don't be a lier please
Aut cum scuto, aut in scuto
  • #2,284
  • Aug 13, 2011 9:06am Aug 13, 2011 9:06am
Quoting profitmonit
This system is ok and really thanks for it. But I have one little question, may i? I've seen the site where you teach others to trade and you try to make money on it. As a newbie i'm asking myself - why a man who telling that he is successful trader should try to make money on students? I think it's becouse this is the only one way to make consistently profits on forex, really i think so. Is it? don't be a lier please
no wonder you haven't had an answer
  • #2,285
  • Aug 16, 2011 7:58am Aug 16, 2011 7:58am
Quoting profitmonit
This system is ok and really thanks for it. But I have one little question, may i? I've seen the site where you teach others to trade and you try to make money on it. As a newbie i'm asking myself - why a man who telling that he is successful trader should try to make money on students? I think it's becouse this is the only one way to make consistently profits on forex, really i think so. Is it? don't be a lier please
You re face to face with the most stress-free system I ve ever seen. Don't allow yourself to be deceived by anybody. Study the system from first to the last pages, you ll see the goldmine in it. A word is sufficient for the wise. Good luck!
  • #2,286
  • Aug 16, 2011 2:35pm Aug 16, 2011 2:35pm
Quoting Finsight
You re face to face with the most stress-free system I ve ever seen. Don't allow yourself to be deceived by anybody. Study the system from first to the last pages, you ll see the goldmine in it. A word is sufficient for the wise. Good luck!
Thanks pal i do. Did u test it i the long run (dome years). Just i really don't believe that in the long run someone can be successful on the forex.
Aut cum scuto, aut in scuto
  • #2,287
  • Aug 16, 2011 7:48pm Aug 16, 2011 7:48pm
I do not mean to patronize you but why do you even bother if you do not believe forex trading in general. Maybe your time would be better spend doing something you do believe in. Besides this thread is ONLY for discussion of this "Blue Balance Line" system. No general discussion is permissible here. (Check rules of this tread by it's creator - Colostarr - on the 1st page). Then place the "general forex questions" in appropriate section of the forum OR start your own tread. Thank you.
However if you are still attempting to test this system - open a mini / micro Live account (real money acc.) and try testing this system for minimum of 3 month period Live using the smallest lot denomination possible. Read carefully "the rules of entry" and possibly as much of discussion in this thread as possible. Adhere to the rules as closely as possible. You wont make much dollarwise but you can't lose much either. If in 3 month you still wont find this system reasonably well performing then find something that will suit you better. Good luck.
Quoting profitmonit
Thanks pal i do. Did u test it i the long run (dome years). Just i really don't believe that in the long run someone can be successful on the forex.
  • #2,288
  • Aug 17, 2011 8:16am Aug 17, 2011 8:16am
this system from my viewpoint has some gaps in it. you can find many examples of the ema where you have no decision and even reversals right in front of you. collostar doesn't show exactly how he manages to get out of those situations.
  • #2,289
  • Aug 17, 2011 8:17am Aug 17, 2011 8:17am
Quoting paul56
I do not mean to patronize you but why do you even bother if you do not believe forex trading in general. Maybe your time would be better spend doing something you do believe in. Besides this thread is ONLY for discussion of this "Blue Balance Line" system. No general discussion is permissible here. (Check rules of this tread by it's creator - Colostarr - on the 1st page). Then place the "general forex questions" in appropriate section of the forum OR start your own tread. Thank you.
However...
Thanks so much bro! I think my friend who doubts this system must have learnt something important. There are a lot of bad people in this forum who like to distract sincere traders or learners from the system that works! No wonder the starter of this thread and his friend he found by sharing this system went to form a formidable team. Anyone who doesn't believe in this system should not distract others who have come out of failures, frustrations and losses to stress-free success using this system. He who has ears let him hear!
  • #2,290
  • Sep 3, 2011 2:44am Sep 3, 2011 2:44am
Agree with you deltatrade.
Please don't use the system blindly. It is not sufficient info to trade this system successfully. Please study the bill william materials carefully and fully understand. You will understand what I mean.
Thank you.

quote=deltatrade;4877885]this system from my viewpoint has some gaps in it. you can find many examples of the ema where you have no decision and even reversals right in front of you. collostar doesn't show exactly how he manages to get out of those situations.[/quote]
  • #2,291
  • Sep 14, 2011 10:00am Sep 14, 2011 10:00am
Hi folks!

I have got a couple of questions.
Please help me! I will be really glad.

I know that wild and ranging patterns are not recommended.
Unfortunately now EUR/USD , GBP/USD , USD/CAD ... have really wild patterns.
Sometimes i experience a whole line of closed candles on the the same line.
1. Which candle to choose, is there any way how to figure out which candle is an exact for entering? (indicators might be, comparing time frames, technical analysis)
Sometimes bullish candle closes and bearish candle opens at the same time.

2. When a candle closes the next candle opens above or below it.
I do not manage to enter using Colostarr's simple entry rules.
I need more then 6 pips plus.
How to react in this situation?

Thank you!
With respect guys!
  • #2,292
  • Sep 18, 2011 9:39am Sep 18, 2011 9:39am
Hi all,

Anyone still trading this strategy? This thread kinda slowed down... I did had some success with this strategy , i just haven't been trading it consistently .
  • #2,293
  • Sep 24, 2011 1:09pm Sep 24, 2011 1:09pm
Believe me, those guys are real losers. I´m still waiting for some emails they were supposed to send me. If you are making money, why you need to charge money to people ? I always get angry when some post derivates in this kind of business.Not easy to find honest and trustfull people nowadays. If anyone knows of any that really works, please send me a P.M, I could never find anything in my now 5 years trading experience, and I´m more convinced I won´t find.
  • #2,294
  • Sep 26, 2011 4:10am Sep 26, 2011 4:10am
i noticed their results stopped being posted after august 10, where are they now?
  • #2,295
  • Sep 26, 2011 8:48am Sep 26, 2011 8:48am
I am a member of their paid forum, but I will be cancelling today. When they first started, both Rick and Titch were posting many times each day. The past month it started to dwindle down to a few posts a day, and then a couple posts from Titch or a couple from Rick, and now nothing since September 16. I thought it was going to be more than it actually turned out to be. I don't know if they just got tired of posting to the forum or if the blue line method had begun to fail them? I noticed on their home page that Rick's video had been taken down. Anyway, it looks to me like they are giving up on their paid forum.
  • #2,296
  • Oct 11, 2011 4:06pm Oct 11, 2011 4:06pm
Trade the system as it's posted in the first post. If you find yourself in some trouble go take a look at J16 thread talking about PPZ. If you still find yourself in trouble go find LFH strategy tester, load a couple days up of historical tick data, put the speed on fast and just watch the price move. Take note of the days and times that it seems to be the most volitile or predictable.

Once you feel comfortable enough to not care about which way price goes then take a look at your money management. How much can you lose and still feel good about trading tomorrow? What are your expectations from trading forex? Have you written any of this down?

You can get all these things for free, or you can pay for them. Value is derived from the eye. What you see is what you get. Nothing more nothing less. There's is only one person that can give you what you want. Go make money with a realistic aspiration. The system is posted here why pay for it?
  • #2,297
  • Oct 19, 2011 5:40pm Oct 19, 2011 5:40pm
Good Lookin is right on the money. In my opinion anyway.
  • #2,298
  • Nov 23, 2011 7:33am Nov 23, 2011 7:33am
I wonder why the paid service is ended??? Web pages is down. Looks like they were not bad a... traders after all
  • #2,299
  • Nov 24, 2011 8:15am Nov 24, 2011 8:15am
Quoting kristjantelve
I wonder why the paid service is ended??? Web pages is down. Looks like they were not bad a... traders after all

You can always follow those guys on facebook or twitter!
  • #2,300
  • Nov 24, 2011 10:59am Nov 24, 2011 10:59am
I think Neils father was seriously ill and he could not devote enough time to trading and I think he may have had a fall out with Rick over it, don't know for certain but last time I talked to him, that seemed to be the case
best regards

Tom
0 traders viewing now