GBPJPY — GBPJPY closed +90 pips USDCAD closed +12 2 trades. 2 wins 102 pips

Simple Simon Balance Line Trading

GBPJPY — Moved stop on GBPJPY to 131.71 Closed extremely bearish, I anticipate being taken out here. I've wrung this cloth for every drop. 90 pips locked USDCAD still hovering at same level +12 pips locked 2 trades, 2 wins currently at +102 ...

Simple Simon Balance Line Trading

That is what I thought. I like to "Know" when price is approaching. Once I know I will have time to assess "how" it approaches. For example the EURCHF when I received the alert I was able to look at price. When I started to set my buy stop, I ...

Simple Simon Balance Line Trading

2nd glance — Live to trade another day. I dont like the EURCHF cross because price is approaching the physo number 1.21000 that is an awful flat number and may provide significant resistance. And it coincides almost directly to where your buy ...

Simple Simon Balance Line Trading

EURCHF — EURCHF Keep an eye on this pair - possible bounce trade or if it pushes through, possible blue line cross.

Simple Simon Balance Line Trading

GBPJPY — Moved stop GBPJPY to 131.59 locked in 78 pips. Love riding those waves. USD/CAD is struggling stop still at .9750 12 pips locked in 2 trades, 2 wins currently at: +90 pips for the day. Stepping away from computer for a few hours.

Simple Simon Balance Line Trading

Codemeister — Codemeister, Question for you concerning the alert. The "Alertpips value" is set to 1. Does this mean that when price comes to within 1 pip of the blue line the alert triggers. I've received 3 alerts now and it seems to be too ...

Simple Simon Balance Line Trading

GBPJPY — Moved stop GBPJPY to 131.46 65 pips locked in

Simple Simon Balance Line Trading

Codemeister — Is it possible to change the alert message to "Price is approaching the yummy blue line"?? Now my slack of sleep is just getting ridiculous!

Simple Simon Balance Line Trading

Codemeister — The alert seems to work. Had an alert pop up on EURCAD, although the pair is not trending right now, and I won't take the trade, but it did alert me when price got close to the blue line. Good stuff - Thank you!

Simple Simon Balance Line Trading

USDCAD — Moved stop on USDCAD to .9750 - locked in 12 pips. Wanted to make it official with the close of the candle.

Simple Simon Balance Line Trading

Codemeister thank you for that. I made the changes and will let you know! I appreciate your contribution

Simple Simon Balance Line Trading

Jon0 why didn't you re-enter the USDJPY?? The next candle was a close just below the blue line and it went south nicely.

Simple Simon Balance Line Trading

EDIT: Yesterday's trades AUDUSD stopped for a loss -37 pips EURUSD stopped for a loss -49 pips Too many variables went wrong with these trades. 1. Bank Holiday's 2.low volatility 3.poor angle. SHould have just stayed away 7 trades 5 wins = +44 pips

Simple Simon Balance Line Trading

Sorry, I posted this chart from my demo account, doesn't show trade lines. Tunnel vision, sleep deprivation and a lack of coffee - will pay closer attention in the future!

Simple Simon Balance Line Trading

GBPJPY — Took the bounce trade off the blue line for the GBPJPY last night. I guess it was a good thing I was asleep or I would have closed the trade too early and left some pippages on the table. As it were, I locked in the stop at +51 pips ...

Simple Simon Balance Line Trading

USDCAD — So last night before I crashed out - I noticed the very large bearish divergent candle that closed over the blue line. Being too tired to stay awake any longer, and being aggravated by the amount of trades I missed yesterday I made an ...

Simple Simon Balance Line Trading

Thanks Flamenco143, That is an excellent question. I use a 5 digit broker, but ALWAYS ignore the 5th digit for entry (hell I always ignore the 5th digit anyway). For purposes of this method assume 4 digits

Simple Simon Balance Line Trading

That is an interesting concept Paul. I have not tried it that way. Actually if nothing else I use the 4H to help confirm the 1H trigger. If you try it, please post your charts and your methodology.

Simple Simon Balance Line Trading

Well said Titch. Jon0 hasn't been back since he posted those charts. I think he may have been entering true market orders and not buy/sell stops

Simple Simon Balance Line Trading