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Colostarr replied Jun 22, 2011Codemeister - this is fantastic stuff! Thank you again!
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011The only time I set pending orders is when they are in line with the method rules. As for EURUSD - and maybe titch can clarify, I think maybe entry should have been placed below the 50ema here. Notice how it bounced from the 50ema?
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011Missed it on the 15tf - just now triggered in on the 1H
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011Yes I am off now - Internet is sorted somewhat, keeps dropping, but at least I have seen that when I dedicate time to straight trading, i am far more successful than trying to Work and trade. Looking forward to getting your notes on the 50 ema, I am ...
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011Just pulled another page out of the book here. Divergence, this is a RARE, RARE patten Especially for the daily Tf. Check the divergence between the price action and the AO. Price continues up at one point, but the AO fails to make new highs. There ...
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011Awesome - You will love the Envy - they are very nice machines! Yes I keep watching EURAUD - i would LOVE to get back the 39 pips it stole from me yesterday!
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011Bill Williams — Maybe worth looking at this. The way I see it, it is prime for a good drop in my opinion. According to Bill Williams Chaos theory you can use the AO and AC Oscillators together. When the AO changes from Green to Red the Bias is ...
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011AUDUSD — AU approaching resistance for the 3rd time. Will it punch through?
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011Be very leery of UJ. Check the daily movement before getting into this pair. It REALLY needs a jump start
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011I`m still in the trade on Oanda. I guess those tight spreads help (1.5 pips on GBPUSD)
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011Same here - 40 pips locked, feels good right?
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011Great Charts Blackeagle! Thank you for posting
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011Acually — I was wrong. My Oanda trade did not stop out and is still active. Currently locked in 30 pips, because I now feel it will retrace. Chart shows +20 pips, currently +30
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011Goodness - that was FAST. News triggered a drop. Moved stop to +20 pips on both platforms (Oanda and IBFX) both stopped out at +20 pips! You see? Wasn`t a HUGE victory, but when I COULD lock in pips I did. So what it took me out! - Someone call ...
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011No worries handy! You pull your weight around here. I value your opinion!
Simple Simon Balance Line Trading
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Colostarr replied Jun 22, 2011Yes I do sometimes use correlating pairs. But the GBPUSD lately has a mind of it`s own. Alot of times correlated pairs don`t correlate around the blue line. If the general trend in both pairs is uniform, I`ll take the trade. If one gives a reversal ...
Simple Simon Balance Line Trading