EURJPY, NZDUSD and EURGBP charts look constructive and may give trading opportunities, all well supported above pivots and Alligator indi. Blackeagle

Simple Simon Balance Line Trading

Yes, as long as price stays below 0.8455-60, bias is definitely down.

Simple Simon Balance Line Trading

There is an inverse head and shoulders on H1 and a strong SR at 130.30. Price rejecting to go below today's pivot at 129.80. Since there is absolutely no momentum on USDJPY, its move totally depends on GBPUSD. When US markets are opened in an hour ...

Simple Simon Balance Line Trading

It says "Tuesday night" everywhere I checked but no timing. It is pretty big risk event so better to watch from sideline, IMHO.

Simple Simon Balance Line Trading

Everyone is waiting for the result of the vote of confidence for Greek Government scheduled for later Tuesday. Depending on the result, we will see spikes on EURUSD.

Simple Simon Balance Line Trading

Gbpusd-h1 — There is a potential GBPUSD long setup. Price has been consolidating (moving sideways) between 1.61-1.62 since last Thursday and also below long term TL coming from May 2010 lows passing at 1.6225 at the moment. Long term bias is ...

Simple Simon Balance Line Trading

Usdjpy-h1 — Possible long setup.

Simple Simon Balance Line Trading

I have been reading your thread for a while and since I have been trading a very similar method for a long time (using different MAs, pivots and PA - won't mention what they are here not to distract your thread as per your rules), I have decided to ...

Simple Simon Balance Line Trading

I asked the #3 entry on your post #6. This is a different time frame. Yes the one on post #6 has a bullish HD, too, but after taking #2 trade with PA, I don't see any reason to take #3, IMO.

AZB Price Action

Can you please elaborate your entry #3 as it seems just a small bar, nothing significant in terms of PA (neither engulfing nor outside) and even stoch is near OB? Shouldn't we look for more significant PA and retracements to add? Good, informative ...

AZB Price Action

Instead of using your live entry price, you can try MT4 price and then you can use your broker's spread to add on entry price (it seems you didn't add spread on today's trade). Because especially at 8:00 GMT, since the London market is opened, the ...

GBP/USD - one trade a day

Only major difference is Feb 1st as you took long whereas system was short due to GMT difference and of course Feb 4th trade as system was stopped out. Including these differences, total pip gain in February by using IBFX, rounding the 5th digit and ...

GBP/USD - one trade a day

Can you please check your Feb 4th trade, because it was stopped out as entry was at 6147.3 and price went up to 6170.4 just after the entry. Thanks

GBP/USD - one trade a day

Please see post# 263. And I believe he is not stopping trading when 10% monthly goal is achieved. He takes every trade during the month so some months will yield greater than 10% and some not. Hope this helps.

GBP/USD - one trade a day

What if price goes in trade direction without any drawdown as soon as the position is opened (as was the case today)? Hope this helps.

GBP/USD - one trade a day

In this case, there is no confusion as the price is above both 20SMA and 40SMA, so you need to look for a buy setup. If the price is between 20 SMA and 40SMA then you need to go with the overall trend (please see post#180) which is up again for ...

The Small Hours Simplified!

Sorry but I couldn't understand how this post is related to my post to Indrek. He just asked the very same question I asked and I just pointed him to your post answering both questions (just saved your time). That's all. Other than that I haven't ...

The Small Hours Simplified!

Please read Post #169 as Colostarr already replied this when I asked him the same question.

The Small Hours Simplified!

Thanks for the explanation. So including the Sunday bar, what about your rule # 2 ( The high of the most recently closed candle must be less than the HH5)? Current bar's (signal bar if it continues its sideway move) high is the HH5. Do yo still ...

The Small Hours Simplified!

Thanks for the strategy. A couple of issues re. USDCHF. - You said 8.00 GMT candle closed but I think you mean 4.00 GMT candle which closed at 8.00 GMT. At the moment 8.00-12.00 GMT candle is open and I believe you mean the current candle close at ...

The Small Hours Simplified!