I am actually going to wait until the daily chart touches the blue line, because I think there will be a bounce

Simple Simon Balance Line Trading

I personally have been overlooking the USJPY because of the sideways movement of the last couple days. Looks like it is breaking out of its doldrums

Simple Simon Balance Line Trading

EURAUD — Sell stop placed at 1.35075 from the 4H - a few minutes early but placed

Simple Simon Balance Line Trading

EURGBP — EURGBP re-visiting the 50 EMA. Sell stop at .8889. Last 3 candles are bearish in nature - I think it may actually break the EMA this time. USDCAD trade still alive - Price missed stop loss level by 5 pips.

Simple Simon Balance Line Trading

I saw that this morning too. You would think that more people would participate.

Simple Simon Balance Line Trading

Too late for me to enter on the 1H, but I feel the entry from the 4H is valid. Will set my pending order at the close of the current candle.

Simple Simon Balance Line Trading

Yes - I actually saw that it was approaching on Tuesday. But the angle was slight. I like how on the 4H, price breached the 50 first, and is set to close below the blue line

Simple Simon Balance Line Trading

Have a look at what chart??

Simple Simon Balance Line Trading

No The angle is gone, price has gone range bound. Move to another pair

Simple Simon Balance Line Trading

There is a daily pivot point at .8391. I set my sell stop at .8385

Simple Simon Balance Line Trading

50 EMA — Ladies and Gents. I would like to re-introduce the importance of the 50EMA. Case in point the EURGBP setup for potential short today ON THE 1h. Without the addition of the 50 ema (thank you Neil!), this trade would have resulted in a ...

Simple Simon Balance Line Trading

Looks like it might bounce off the 50ema on the 30M, might be an opportunity to scalp a few here. Will use my Oanda account as this pair only has 3 pip spread.

Simple Simon Balance Line Trading

Did not - although I did notice the 4h is consolidating very nicely

Simple Simon Balance Line Trading

Good morning Neil!

Simple Simon Balance Line Trading

NZDJPY 30M looks interesting

Simple Simon Balance Line Trading

I am watching this pair closely. If price closes at or near (above the 50 ema) I think it will go north. Will leave my sell stop in place for the formation of the next candle. The 50 ema is holding this pair back I think. If it breaks 50 ema cleanly ...

Simple Simon Balance Line Trading

EURGBP — EURGBP Sell stop at .88875 (below 50 EMA)

Simple Simon Balance Line Trading

USDCHF — USDCHF looks interesting. There is a pivot and a fib level just below the blue line, but price has already pushed through 50 EMA. Decent approach and angle - will monitor

Simple Simon Balance Line Trading

EURGBP — The 50 EMA on the 1H chart has proven that it can be your best friend or worst enemy if you don't watch it! Notice the 1H and 4H charts attached. If someone has more insight or reason to set a sell stop at the blue line on the 1H for ...

Simple Simon Balance Line Trading

Request — I have a small favor to ask of you guys (and gals). Can you please post charts when you make an analysis? It would help other users of the forum to visualize what you are talking about!

Simple Simon Balance Line Trading