AUDUSD x2 — Add on order just triggered in. Now have 2 active AUDUSD trades

Simple Simon Balance Line Trading

Sorry — Forgot to post the chart

Simple Simon Balance Line Trading

Wow — Wow, Talk about terrible luck and a definite disregard for very basic rules. Your entry for this method is= High/low of most current closed candle (that closed above/below blue line) plus the spread plus or minus 3 pips. For buy stops ...

Simple Simon Balance Line Trading

It did indeed close below the blue line. Sell stop set at 1.05970

Simple Simon Balance Line Trading

Interesting — The AUD USD has reversed and looks to want to close below the blue line. if it does I will set another sell stop per the rules at the bottom of this candle.

Simple Simon Balance Line Trading

EURJPY — The EURJPY trade was a huge success! Trade triggered in at 116.54 Stopp moved to the high of each subsequent candle until stopped out at 116.12 HOWEVER! Had I been in this trade, I would have stopped moving my stops once I was able to ...

Simple Simon Balance Line Trading

Back! — Class is OVER! Been a bad week for trading. Every good opportunity to take a positive trade has been missed and every rushed opportunity to take a trade has been taken and trade was a looser. It seems like there were forces at work ...

Simple Simon Balance Line Trading

At stop loss — Just in from lunch - have to leave in 10 minutes. Not a good sign to see the AUDUSD at -29 pips and 10 pips from SL. Like the GBPUSD trade the other day, not feeling the love!

Simple Simon Balance Line Trading

If I traded this pair, I would absolutely take that trade!! I don't like the pair because of its high spread and it's tendancey to be volatile! I am logging out now, class starts at 0500z. Have a good day!

Simple Simon Balance Line Trading

My stop is at the high of the signal candle. 1.06430. I placed a TP at 1.5686. Only because I am getting ready to head out until lunch time. Do me a favor and post your trade as it progress's. This is my goal with this thread, but because of my week ...

Simple Simon Balance Line Trading

EURJPY — Here's another trade that would have obviously done well. Currently it is up 60 pips with about 40 pips locked in. This is just my luck this week. I can't seem to catch any of these trades. Hopefully Monday brings a nice slow week at ...

Simple Simon Balance Line Trading

AUDUSD — Getting ready to go to the last day of my management class. Checked the charts to see that AUDUSD triggered short. Haven't placed a stop loss level yet - Will post as it progresses! Will check in at lunch time.

Simple Simon Balance Line Trading

Yes I use the default settings.

Simple Simon Balance Line Trading

danbuttigieg, Absolutely you would have set your buy stops at the high of the candles, plus the spread, plus 3 pips. You notice that neither would have triggered had you placed your buy stops properly. The formula Entry + Spread + 3 pips will keep ...

Simple Simon Balance Line Trading

Still hope — I know I've not discussed the AC or AO Oscillators in this thread, if you get a chance get a hold of Bill Williams Book Trading Chaos Second edition and read the section about the oscillators. It will explain. In a nutshell the AC ...

Simple Simon Balance Line Trading

Out today — I will be in a Management class all day today 0500z to 1500z. Post your questions and when I return I will answer every post! Last night (during my night of sleeplessness) I had an Epiphany. I'll mark up a chart and share with you ...

Simple Simon Balance Line Trading

Curious — Mary, I just looked at your chart. Your entry was in-accurate. You should set your buy and sell stops at the close of the candle that crosses the blue line. I don't usually trade the A/J but I have to ask: why did you exit? I just ...

Simple Simon Balance Line Trading

Bad trade — Last night I couldn't sleep, so I thought I would see if there were any trades available. I am fond of the bounce trades. I am not fond of a signal that triggers too far away from the balance line. Against my better judgement, I ...

Simple Simon Balance Line Trading

very welcome Mary!

Simple Simon Balance Line Trading

Sorry I guess I already replied to this post

Simple Simon Balance Line Trading