danbuttigieg, Read post 89 - should help you with entry. The key to entry is to let price come to you. Stop using the mind set that YOU have to pull the trigger. You set your entry and let price trigger you into the trade. If you follow the rules ...

Simple Simon Balance Line Trading

Which indicators are you referring to??

Simple Simon Balance Line Trading

USDJPY — Check out the attached USDJPY chart. This is an excellent example of the power of this Simple Simon method. I count at least 7 winners on the chart, I documented 5 of the winners. Follow the trades incrementally starting at 1. There ...

Simple Simon Balance Line Trading

No Green line — Ferndog, Please don't offer up any variations of the rules.

Simple Simon Balance Line Trading

Hourly — Because I trade the hourly charts. I simply used the EXISTING 4 hour candle as a confirmation for my hourly trade. Sorry for the confusion.

Simple Simon Balance Line Trading

answered your own question — jon0, You actually answered your own question when you posted your chart. Go back to post #1 and read the rules again. USDCHF is RANGE BOUND! Move away from this pair and pick another pair. This method does not ...

Simple Simon Balance Line Trading

pipdude - You rock! Thank you!

Simple Simon Balance Line Trading

Most arent so patient, but you want to see this method get even stronger? Make yourself trade the 4 h chartsfor a week - Trends are MASSIVE and profits are sometimes quadrupled from the 1h tf.

Simple Simon Balance Line Trading

See my reply in post 71. I have no black and white method. Most of the time I simply move my stops to the next candle high/low once the trade goes into profit. 75% of the time, trailing my stops like this is the preferred method. I also rely on ...

Simple Simon Balance Line Trading

GBPUSD — Couple of things to note with this trade. As I stated earlier, I set the sell stop and then left for the next 6 hours. Had I been here I would have moved my pending sell stop incrementally with the close of each new candle, so that ...

Simple Simon Balance Line Trading

Closed on my own — Because I wasn't at my computer for the entire duration of this trade, and I knew I would be leaving again, I closed this trade on my own at .9811. Notice the signal bar and how it BROKE through the blue line? This is part ...

Simple Simon Balance Line Trading

Yes — Daniel, Yes they both would have qualified for a valid set up. The first would have resulted in a loss. But if you would have entered short on the subsequent bearish divergent candle you could have rode that wave, made up for your loss ...

Simple Simon Balance Line Trading

4H — The re-assuring aspect of the USDCAD trade is that on the 4H the candle closed above the blue line, and is in an obvious up channel. The scary thing is I have to step away from computer today and leave this trade running. I have a class ...

Simple Simon Balance Line Trading

Down 15 — Down 15 pips, hanging on that support

Simple Simon Balance Line Trading

2 orders — I've had 1 order trigger (USDCAD) and another order, which is kind of iffy, on GBPUSD. Both are posted USDCAD currently down 10 pips in at .97930 GBPUSD pending - stop order placed at 1.6398 (iffy)

Simple Simon Balance Line Trading

Yes it does — It also holds trends well on the 4H. Great observation!

Simple Simon Balance Line Trading

Thank you — Pipdude, Thank you for all of your contributions. Thank you for asking about posting indicators in this forum. I have no problems with indicators, just don't like EA's. Post away brother!

Simple Simon Balance Line Trading

Not always — If the volume is low I won't enter. Another good aspect to look at is the angle at which price approaches the blue line. If the angle is steep and volume is high, I almost always enter. If the angle is low (like riding just above ...

Simple Simon Balance Line Trading

Yes — I actually did take the long - got 17 pips from it! Thank you for the input

Simple Simon Balance Line Trading

great news — Awesome - the intent here is post your charts with the result of your trades as they happen! Welcome aboard!

Simple Simon Balance Line Trading