You will notice that I will block anyone for posting ANYTHING negative in this thread. I won't even give 1 warning to abusers, because I already have made several warnings to "Know it all's and Naysayers" You will be blocked! From here on out - if ...

Simple Simon Balance Line Trading

Not currently on Skype - but I do MSN messenger chat only - can't video due to low bandwidth - not on messenger until 1400 GMT. I am taking off 5 days starting this wednesday to test this theory full time like you and jrushing. I KEEP missing the ...

Simple Simon Balance Line Trading

50 EMA Applied to high — Titch, If your default setting is to apply the 50 EMA to the high, then as I see it (preliminary analysis on 1H EURUSD), when the 50 ema crosses above or below the blue line, this consistantly signals an early entry ...

Simple Simon Balance Line Trading

Sounds good Titch - What I meant by settings are applied to "Open, High, Low or Close"? My Oanda default is applied to close, my IBFX default is applied to high??

Simple Simon Balance Line Trading

Neil, What are your settings for the 50 EMA? I like how you use the 50 EMA with the balance line. Sort of serves a two fold purposr with regard to entry or exit! I like it! Good stuff!

Simple Simon Balance Line Trading

Well that was quick - went to pick up lunch and return - trade closed on stop - 25 pips

Simple Simon Balance Line Trading

Good stuff Titch! Thank you!

Simple Simon Balance Line Trading

True - but isn't entering ANY trade compounding your risk?

Simple Simon Balance Line Trading

Take that back - triggered in on my Oanda - 3 pip spread vice 6 pip on IBFX - Will definetly monitor now!

Simple Simon Balance Line Trading

Nice little double tap and bounce on the EURCAD 15TF (short) - Missed it but will monitor

Simple Simon Balance Line Trading

No knuckledraggers here brother! Good setups - great outcome, if you get only 1 loser for every 3 winners, I'd say you are doing pretty good!

Simple Simon Balance Line Trading

Titch - If it helps strengthen the method then post it up brother!

Simple Simon Balance Line Trading

Most often I will re-enter the trade if the signals are within the trade parameters.

Simple Simon Balance Line Trading

I move to BE as soon as I can. If the trade is +10 pips, that is an opportunity to move the stop to break even. My goal of any trade is +20 pips. Once I get +20 locked in, I just leave the trade alone and let it ride. Manage your risk first, profits ...

Simple Simon Balance Line Trading

USDCAD — USDCAD triggered in (15tf) from the bounce

Simple Simon Balance Line Trading

Yes that was a beautiful setup! Wish I was around to take it! Sorry for missing your post

Simple Simon Balance Line Trading

Your stops for EURUSD should be at BE by now.

Simple Simon Balance Line Trading

Gotta run - off to my first meeting. Hopefully nothing happens in the next 2 hours

Simple Simon Balance Line Trading

EURUSD coorelates nicely with USDCHF. USDCHF is currently at a pretty significant resistance level, which is why (In my opinion) that the EURUSD short trades are having trouble this morning Well it's either that or the STOP loss hunters are ...

Simple Simon Balance Line Trading

The thing of it is - if you don't "Manage" the trade and your risk, your losses will very quickly outweigh your gains. If you get one losing trade, say for -10 pips, and that loss came as a result of you moving your stop, then you just managed your ...

Simple Simon Balance Line Trading