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Colostarr replied Jun 16, 2011No, I am sitting on my hands until it goes into profit
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
The answer simply put is YES. If you are buying you place your stop at the low of the signal candle, if you are selling you put your stop at the high of the signal candle (plus/minus the spread plus/minus 3 pips of course). See rules post #1
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
It's gonna bounce off that 0.0 fib. Locked in stop at 114.03 (113 pips). If it takes me out, it takes me out, I go out happy!
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
Triggered in at .87400 pyscho number. Now have 2 sell trades running on EURGBP. 1st trade from the daily cross 2nd trade from hourly bounce
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
EURJPY — Approaching the 0.0 fib level and significant support. might bounce here.
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
EURJPY — EURJPY Daily chart bounce trade is up 149 pips, just locked in 85 at 114.31
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
EURGBP — EURGBP is coming on down!!
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
Sorry I didn't see that you had replied to this. Scary how similar our answers are!
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
Size doesn't matter in my humble opinion. You base your trade on what you are willing to lose. For most that is 2% of your account balance, for me it is 5% of my account balance. Size of the lots has nothing to do with this method. Money Management ...
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
EURGBP just form a text book Bounce candle: Sell stop at: .87400
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
Maybe like the USDCAD yesterday it will retrace and bounce
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
No worries - Everyone knows what the Blue line is. Just want to keep it simple in here - thats all!
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
USDCHF — USDCHF approaching the blue line nicely!
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
USDJPY — The USDJPY hourly is forming a pretty nice bounce trade. The "touch" of the blue line and the blue line are exactly at the 50.0 fib level. Should provide a pretty healthy bounce
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
Teaching — My goal for this thread is "teach and share". It is not my intention, now or ever to allow negative dialogue. I do not want this thread turned into the "Trading made Simple" thread, where people are rude and obnoxious and blast each ...
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
Vilas, Please don't use this thread as a personal sounding board. I do not want negative dialogue started. I monitor this thread and try to reply to everyone. If someone replies with something contradictory to this method I will deal with them ...
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
EURJPY — Not sure if any of you are applying this system the daily charts. But my EURJPY trade (Daily bounce) is up 115 pips EURGBP Daily cross just triggered in.
Simple Simon Balance Line Trading
- Colostarr replied Jun 16, 2011
Feliks - I'll tell you what I told Andy B - What you call it and how you apply it is up to you. We don't want people flaunting their personal knowledge about this or that. We want people to share their trades, ask questions about pending orders, ...
Simple Simon Balance Line Trading