AUDCAD — AUDCAD is pretty range bound right now - maybe I'll stay away!

Simple Simon Balance Line Trading

AUDCAD — AUDCAD setting up for a cross. Not my favorite pair - but the only one available right now

Simple Simon Balance Line Trading

I think everyone can concur that an MA cross is an MA cross, which ever MA you use is up to you. Like I've said in the past, I love Bill Williams trading methodology. How many other GURU's methods are "built" right in to MT4? If you dont like the ...

Simple Simon Balance Line Trading

GBPJPY — I just looked at that chart again. I should not have taken that trade. I have learned for "cross trades" it is better when price has moved away from the line and is angling back towards it. Price did not move away, I treated it like a ...

Simple Simon Balance Line Trading

Stopped out for a loss at 131.42 (-35 pips)

Simple Simon Balance Line Trading

It's a great book, although I had to read it 3 times. But once the light came on it made perfect sense! The chapter for balance line trading is a hard one to read. When I read the book the first time, I actually read about 3 pages of it and put the ...

Simple Simon Balance Line Trading

Use the spread provided to you by your broker. This is why I prefer pairs with lower spreads. The formula "Spread +- 3 pips" works, but not real effective when the spread is 6 or 8 pips to start with. As for the stop level. The formula is only ...

Simple Simon Balance Line Trading

GBPJPY — Triggered in long at 131.81 GBPJPY

Simple Simon Balance Line Trading

Jules - I never trade it, havent even looked at it with this method

Simple Simon Balance Line Trading

thank you Pepemartin!

Simple Simon Balance Line Trading

USDCHF — I think I will leave my stop at .8427 (+30 pips). I`ve made 133 pips today guaranteed, Lets see if price lets me rider her higher... I do love riding those waves - it gets addictive quick!

Simple Simon Balance Line Trading

Your very welcome but we all need to thank Mr. Bill Williams. I simply just finally opened my eyes to his methods. That and I re-read the balance line chapter in his book! It`s a great read if you get a chance. "Trading Chaos Second edition"

Simple Simon Balance Line Trading

pips indicator alert — Could someone please post Codemeister's indicator alert. I don't have it on my computer in the room and trying to wade through every page is aggravating. I love the indicator - but cant find it now. it was called pips2ma ...

Simple Simon Balance Line Trading

Well the big spike down was due to a news release by Trichet regarding the Eurozone - there is nothing you could have done there. As for the previous set up, not sure I would have been in that one!

Simple Simon Balance Line Trading

Yeah brother - NEVER, EVER, EVER trade without a stop loss. ESPECIALLY with this method. The winners will overcome the losers. I had 2 losers yesterday, but more than made up for them with my first trade out the gate today. Stick around - We`ll go ...

Simple Simon Balance Line Trading

usdchf — Just locked in 10 more pips +30 guaranteed, currently up +47 3 trades today GBPJPY (BOUNCE): 91 pips USDCAD (CROSS): 12 pips USDCHF (BOUNCE): 30 pips locked still alive for the week: +44 for Monday 12 trades, 10 wins currently up : ...

Simple Simon Balance Line Trading

how does it work?

Simple Simon Balance Line Trading

welcome vilas will check pm and get back to you!

Simple Simon Balance Line Trading

Oh my GOD I think I got wood looking at that set up. I would have been ALL over that trade! Good catch!

Simple Simon Balance Line Trading

Lets not forget that I called this a bounce trade long before the news hit (although the news helped it along!). This trade setup exactly like the GBPJPY trade from last night!

Simple Simon Balance Line Trading