Blue — Price broke the blue line going north - I am deleting pending sell stop.

Simple Simon Balance Line Trading

Bounce — USDCHF looks to bounce off the blue line here. I like this because of the very large downward trend.

Simple Simon Balance Line Trading

USDCHF — Strong support at .8326. Trade bounced off support and closed at BE. Hunting for new entry opportunity!

Simple Simon Balance Line Trading

No worries - stick around. I have a trade open just now and will post as I progress through it. USDCHF - moving REALLY slow today!

Simple Simon Balance Line Trading

Excellent — Long on the EURUSD is almost always a safe bet lately! Keep us posted with how you move your stops, how you manage the trade!

Simple Simon Balance Line Trading

I don't use a trailing stop in the traditional sense of the trailing stop. Generally I trail my stop at the high/low of the most recently closed candle. Sometimes I go back two candles. When a trade goes into profit from the trigger candle, I ...

Simple Simon Balance Line Trading

Awesome — Great trade. I missed it. Been in meetings all morning. Trying to trade while work continually gets in the way. Keep us posted, post your charts!

Simple Simon Balance Line Trading

Deleted Long order — Deleted the long order. Price is moving towards the balance line for a potential short on USDJPY

Simple Simon Balance Line Trading

USDCHF — Moved stop to break even. No risk in this trade now.

Simple Simon Balance Line Trading

Get ready to go short — You'll notice now that price has dropped below the balance line. if it closes below the line set your sell stop!

Simple Simon Balance Line Trading

Post charts — Zurathustra tell you what. Can you post some charts with trades as you see them? This might help with providing clarity to those trying to learn. It would be easier for me to "See" your charts, rather than bartering interpreted ...

Simple Simon Balance Line Trading

Awesome — Spot on brother - can you post your charts?

Simple Simon Balance Line Trading

USDJPY — USDJPY Looking like it might reverse for a spell, or will it continue down? We shall see - will keep you posted.

Simple Simon Balance Line Trading

USD CHF — I was triggered into this trade this morning. Price action has slowed a bit, but I will post it as it progress's. This is a good example of a "Bounce" trade. Price hasn't moved well enough into profit for me to move my stop just yet. ...

Simple Simon Balance Line Trading

Anxiety — I know alot of people are new and anxious to learn. The bottom line is, you must first be somewhat familiar with the basics for trading the forex market. I do not recommend trading in a range bound market, although it is possible, ...

Simple Simon Balance Line Trading

Trends — Could you please clarify how you define or identify the trend? A: Generally, since I use the 1H chart, I go with the daily trend. That is not to say that because the trend is going down that you can't catch a bounce or rebound. The ...

Simple Simon Balance Line Trading

Not so much — I never place 2 stop orders. These are hourly candles. When I was stopped out, the subsequent candle closed ON the blue line and was a bullish divergent candle, it screamed "ignore me!" The candle after that closed well enough ...

Simple Simon Balance Line Trading

Yes — Thank you for the comment I actually started using this method on the 5 and 15 TF, only to realize about a 55% win rate. You can get really whipsawed on the lower TF's if you don't follow basic stop loss rules! It works - but it can and ...

Simple Simon Balance Line Trading

Good questions — Ok after this I MUST get to bed! To your questions: 1. If the first signal gets stopped out do you typically wait for price to move away and come back to take another trade? A: If I get stopped out I always wait for the next ...

Simple Simon Balance Line Trading

Sorry — Sorry about that, I probably could have explained better. This is not the only method I use. I use many different methods, and tend to combine them into one simple template. As I explained before this is one of the 5 dimensions of Bill ...

Simple Simon Balance Line Trading