BJ1 - don't take the size of a candle so literally. What you should also consider is what was the pair doing before it crossed or bounced. The difference can be monumental between success and failure. I do like breakouts after a ranging market, but ...

Simple Simon Balance Line Trading

Too right you are brother!

Simple Simon Balance Line Trading

Andy B if this is your preferred method, please keep it to yourself. Do not muddle or mix rules in this thread my friend! This thread is about the balance Line, what you call it or how you apply it is up to you. Don't change the terms we use in this ...

Simple Simon Balance Line Trading

Good luck to you Codemeister

Simple Simon Balance Line Trading

Booktimes - Thank you for that. I think the majority of people here can sympathize with where you have been. I believe you captured my life in a nutshell as well. Wasn't until I learned that my way of thinking wasn't working, my hard headedness was ...

Simple Simon Balance Line Trading

Use this mind set Kook: You set the trade, calculate your risk up front (I use 5% of my account balance). I say this in my mind before setting a pending order. "Ok, I am PREPARED to lose this 5%, I can afford it, and unless I can allow my trades to ...

Simple Simon Balance Line Trading

Hello welcome aboard. After reviewing your questions, it seems to me that maybe you should go to post #1 and read the rules for entry again.As for a buy stop or a buy limit order, I won't get into charting 101 with you. Set a "pending" order per the ...

Simple Simon Balance Line Trading

Booktimes - thank you for that fantastic message. It truly is good to hear. Sometimes I have to tell myself to tone it down a bit, but it has always been in my nature to share, and I truly do love teaching. Good to hear that at least one person can ...

Simple Simon Balance Line Trading

EURCHF — EURCHF does not like that 61.8 fib support

Simple Simon Balance Line Trading

3 Trades going: EURJPY (DAILY Bounce trade): 30 pips locked EURCHF (Cross then bounce trade): 10 pips locked AUDUSD (Cross) 10 pips locked Gotta love that concern over the Greek Economy You guys still have those EUR short trades going??

Simple Simon Balance Line Trading

EURJPY Daily chart Bounce trade currently up 48 pips

Simple Simon Balance Line Trading

BE hit EURCHF - re-entered pending sell stop

Simple Simon Balance Line Trading

Maybe a little early but moved stop to entry on EURCHF

Simple Simon Balance Line Trading

EURJPY Daily bounce just triggered in

Simple Simon Balance Line Trading

triggered in EURCHF from the bounce 1.2135

Simple Simon Balance Line Trading

EURJPY — The EURJPY daily chart is about to trigger into BOUNCE TRADE from yesterday's candle. Sell stop at: 115.17

Simple Simon Balance Line Trading

USDCAD — Now that is not to say that we wont see a bounce trade now that the pair has broken out of its doldrums.

Simple Simon Balance Line Trading

Have you looked at the USDCAD lately? It is retracing. What I consider too "Big" you might not. Usually too big for me is roughly 10 pips outiside the line. But in THIS case the difference in the 2 is the USDCAD was range bound prior to crossing. ...

Simple Simon Balance Line Trading

Nothing but bad economic news out of the US

Simple Simon Balance Line Trading

EURCHF short is starting to look promising

Simple Simon Balance Line Trading