It did retrace. I immediately placed a stop at +20 pips (.8417) price retraced to .8418 missing my stop by 1 pip! Trade still alive +39 pips and counting!

Simple Simon Balance Line Trading

Hopefully the USDCHF performs the same way the GBPJPY did with the exact same setup - would love to lock in another 90 pips! That was awesome!

Simple Simon Balance Line Trading

You know what? I think you may be onto something there Codemeister. I am getting ready to head to the room for the day. I will definitely look at that closer. Thank you for the input! Glad we finally convinced you of the simplicity and power of this ...

Simple Simon Balance Line Trading

USDCHF — Just locked in 20 pips on the USDCHF trade - looks like it might come back down!

Simple Simon Balance Line Trading

anytime titch!

Simple Simon Balance Line Trading

Triggered in usdchf at .8397

Simple Simon Balance Line Trading

USDCHF This looks exactly like the GBPJPY from last night. If previous candle doesn't trigger, current candle will be the next bounce signal, unless price closes below the blue line. 23 minutes to big news

Simple Simon Balance Line Trading

pivot indicators — Or attach these indicators to your charts. They help me immensely Titch - again -well spoken!

Simple Simon Balance Line Trading

USDCHF — Set pending buy stop USDCHF .83973

Simple Simon Balance Line Trading

Are we somehow related? I like your way of thinking and the way you approach trading - your replies sound so much like mine it's scary! Great reply by the way - almost EXACTLY the way I would have answered it!

Simple Simon Balance Line Trading

USDCHF — Pending bounce if current candle closes as is on the USDCHF. This move is similar to the GBPJPY trade I took last night. Although pending news in 30 minutes Core PPI and retail sales

Simple Simon Balance Line Trading

The premise of setting a stop loss is you stating your risk tolerance. If you don't like a stop loss level you should tighten your stops. Otherwise, never close a trade until price comes to your stop loss and takes it out for you. Go back and look ...

Simple Simon Balance Line Trading

The reason I wouldn't have taken that long is because the candle that closed above the blue line was extremely bearish and screamed reversal. Although this pair has been tough to manage lately.

Simple Simon Balance Line Trading

Jon0, I would love to help. But please help me to help you. Kindly post 1 chart at a time and try to explain how you took your trades. When you post 5 or 6 charts, it makes it difficult for me to formulate a good answer for you. From the charts you ...

Simple Simon Balance Line Trading

I didn't like it so I closed it at +5 pips - it just didn't "feel right"

Simple Simon Balance Line Trading

Awesome titch - great strategy isnt it??

Simple Simon Balance Line Trading

EURGBP — Set buy stop at .8831 for EURGBP stop loss at .8791

Simple Simon Balance Line Trading

Concur with both observations. Although I was just triggered into the USDJPY short

Simple Simon Balance Line Trading

EURCHF — My fault - I over analyzed the EURCHF. Hopefully some of you didnt listen and took the trade, because it took off too!

Simple Simon Balance Line Trading

EURJPY — WOW EURJPY TOOK off - another missed trade

Simple Simon Balance Line Trading