Nice one Southbeach. If it closes below the blue line, it should push through that pivot point. BUT, notice how the 50ema is LOOMING just below the blue line on the 1H - If it closes below blue line I think I would set my sell stop at spread minus 3 ...

Simple Simon Balance Line Trading

It certainly helps brother!

Simple Simon Balance Line Trading

As this method has progressed I have learned to look at 1 time frame higher to confirm my signals. If you look at the 4H you will see that USDCHF last 4H candle bounced off the 50 EMA going south. I would move my stop to BE at the first chance. I ...

Simple Simon Balance Line Trading

USDCAD — USDCAD trade from yesterday has been a monster. Stop still intact, never moved my stop, because I had hoped that it punch through the support from the previous day low. Will take what I can get out of it today. Managed +40 pips from ...

Simple Simon Balance Line Trading

Which pair is this?

Simple Simon Balance Line Trading

I would not have taken the candle that closed ON the blue line. I might have pursued the active candle on your chart once it closed though!

Simple Simon Balance Line Trading

Good morning!

Simple Simon Balance Line Trading

Thank you Booktimes!

Simple Simon Balance Line Trading

I know right? I believe you were one of the very first contributors to this thread! Dont be a stranger!

Simple Simon Balance Line Trading

Taking Break — Internet is all but gone now. Will take a break and let my trades progress

Simple Simon Balance Line Trading

USDCAD — I believe the previous day low may cause this ride to get bumpy. We shall see!

Simple Simon Balance Line Trading

Pipdude - welcome back!

Simple Simon Balance Line Trading

AUDUSD USDCAD — USDCAD and AUDUSD both triggered in and are resuming the long term trend. Will continue to post as my internet allows

Simple Simon Balance Line Trading

USDCAD — .97070 previous day low. We get past that support and the Cat's in the bag - or Fish in the net!

Simple Simon Balance Line Trading

USDCAD — Fish on! Get the net!

Simple Simon Balance Line Trading

USDCAD — USDCAD - Heeeeerrrreee kitty, kitty, kitty

Simple Simon Balance Line Trading

Thank You Neil for taking the time to do that!

Simple Simon Balance Line Trading

Every time I see this it happens, no matter the TF. Price rides or taps the blue line and fails to make a new high or low, it bounces OFF and continues the over all trend, nixing the short term trend. Generally off the 3 rd candle. We shall see

Simple Simon Balance Line Trading

In my opinion - this pair is in transition. I believe the short term upward momentum is about to come to a screeching halt. If the current 1H candle closes below or on the Blue line, the subsequent action will be downward. I believe this is going to ...

Simple Simon Balance Line Trading

Thank you Codemeister

SS Balance Line Dashboard Indicator