I think I would stay away. Too much PA for my liking

Simple Simon Balance Line Trading

Indy - Here's the thing. The way I approach trading. if I initiate a trade from the 1H or higher, I NEVER intend to scalp a few. It is ALWAYS my intention to ride that pip wave. When you trade from the lower TF's, sure scalping is the way to go. You ...

Simple Simon Balance Line Trading

Yes you move to BE as soon as you can, or at least I do anyway. The thought process is to remove the risk of the trade. You move to BE and if price comes back and takes you out - so be it -you've lost NOTHING! If you feel the need to re-enter on the ...

Simple Simon Balance Line Trading

Absolutley Pin Bars or divergent candles almost always provide a means for entry. If you see an opportunity to enter after a divergent candle - go right on ahead. But last I checked this isn't called the Simple Simon Pinbar method.

Simple Simon Balance Line Trading

It truly is judgemental. For me the closer to the blue line it closes, the more powerful the signal, that and coupled with a good angle to the blue line.

Simple Simon Balance Line Trading

Yes I would have considered that trade, but only because of the current state of affairs with price and volatility with the reaction to the Greece news release. If this set up happened yesterday at this time, in my opinion price would have closed ...

Simple Simon Balance Line Trading

With a spread of 6.5 I would limit my trades to the 1H timeframe or higher. Kind of hard to scalp when you go 6.5 pips in the hole immediatley! Not for nothing but you might consider changing brokers. Oanda shows this pair with a 4 pip spread Oanda ...

Simple Simon Balance Line Trading

I have a few trades open from yesterday, but otherwise from 1H standpoint price has moved well away from almost all Blue lines. After movement like yesterday, seems the next day always uncertain. These trades are all from other methods. Reason for ...

Simple Simon Balance Line Trading

They look good Danny. Although why did you set a pending buy and a sell on the GBPCHF. The way i see it, there is only one trade there. You should really decrease your exposure. If there was a spike triggering your buy stop, it could have resulted ...

Simple Simon Balance Line Trading

Neither would have been valid for me. The first candle (the Bull candle) closed way too far from the blue line for me to consider. The second candle (the Bear candle) closed above the blue line voiding any potential entry here. Hope this helps

Simple Simon Balance Line Trading

>insert>indicators>trend>Moving average Change Period to 50 Change MA Method to "Exponential" Change "Apply To:" High Click apply>click ok Create template

Simple Simon Balance Line Trading

Sure thing, Look at the attached chart. You will notice that I placed a buy stop just above the resistance level where it broke out. In the trading world this is known as a "Breakout" trade. See how price was rangebound between support and ...

Simple Simon Balance Line Trading

Fantastic! Welcome aboard brother!

Simple Simon Balance Line Trading

106,779 views to this thread! Sweet!

Simple Simon Balance Line Trading

Looks like a valid buy signal to me brother. Where is your 50ema?

Simple Simon Balance Line Trading

The ALL time high for the EURUSD was set in July of 2008 at 1.6035 - not 1.4437 ish!! But I like your thinking!

Simple Simon Balance Line Trading

I am glad you wont take it because it is NOT a potential buy. At least not with this method!

Simple Simon Balance Line Trading

Neil - Just sent you a PM. believe it or not- I have internet!

Simple Simon Balance Line Trading

USDJPY?? — Anyone know why the USDJPY dropped like it did? I had set a pending order just below the balance line and then left my office for about 35 minutes. Came back to a nice 24 pip surprise. USDJPY +10 pips locked currently at +24

Simple Simon Balance Line Trading

Cant believe I missed this move - oh wait yes I can as it would have triggered WHILE I DIDN'T HAVE ANY INTERNET LAST NIGHT

Simple Simon Balance Line Trading