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Chake replied Jul 21, 2011Looks like I'm the only one on this thread today..
Simple Simon Balance Line Trading
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Chake replied Jul 21, 20117, Yes it is almost the same, but that's not the whole story. Imho it should be, If price is below 50 Ema and we have a buy signal, do not enter before price is 3 pips plus spread above 50EMA. Hopefully Titch or Colostarr can confirm this.
Simple Simon Balance Line Trading
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Chake replied Jul 20, 20117, I wouldn't take it, cause this one doesn't looks like it's in a trend. But thats my opinion offcourse.
Simple Simon Balance Line Trading
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Chake replied Jul 20, 2011Indeed frollollc, same here, also stopped out. Two trades up and now two down, that makes me BE for the day. I think tommorow I should even trade less than today. Maybe Colostarr or Titch or someone else could give a rough estimate on how many ...
Simple Simon Balance Line Trading
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Chake replied Jul 20, 2011Exactly the same thoughts here frollollc. Trade triggered couple minutes ago.
Simple Simon Balance Line Trading
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Chake replied Jul 20, 2011Thanks Walb
I'm now looking to sell USDCHF @ 0.8195 Daily TF also in a nice downtrend.Simple Simon Balance Line Trading
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Chake replied Jul 20, 2011Hi Marian, In my chart you can see the 50EMA (the red one) i use this as discussed in this thread as an extra hurdle price must take before one enters. Colostarr did this, and he entered 3 pips + spread above the EMA. Moving SL is not really a hard ...
Simple Simon Balance Line Trading
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Chake replied Jul 20, 2011LOL That's not really answering my question but ok.. Thanks for the warning.
Simple Simon Balance Line Trading
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Chake replied Jul 20, 2011Hi Walb99, Yes you are right, this trade was taken on the 1H timeframe as seen on the chart i posted a couple of postings before. And while you are right in that you shouldn't trade against the trend, in my opinion there is room for a little ...
Simple Simon Balance Line Trading
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Chake replied Jul 20, 2011EURAUD SL hit -24 pips, guess this was not a good setup. But I should have added the spread to the buy stop, then this shouldn't have happened. Lesson learned I hope, fortunately it is still on demo. Actually it looks like a nice bounce trade right ...
Simple Simon Balance Line Trading
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Chake replied Jul 20, 2011EURAUD trade not going as planned
And i see now that i forgot to add the spread to the buy stop level, otherwise the trade wouldn't have been triggerd. I have raised my SL a little to the bottom of previous candle @ 1.3221Simple Simon Balance Line Trading
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Chake replied Jul 20, 2011EURAUD — EURAUD triggered buy stop @ 1.3246 = 3 pips above 50EMA.
Simple Simon Balance Line Trading
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Chake replied Jul 20, 2011EURAUD — Hi all, Have been trading this system for two days now (on demo) The first day i had a couple of losses due to overtrading. This morning had two trades, USDJPY (4h) and GBPJPY (1h) both stopt out @ +20 pips. Today i'm going to try not ...
Simple Simon Balance Line Trading
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Chake replied Jul 8, 2011Thanks Rick — Hi Rick, Would like to thank you for this system. I am trading full time for over a year now, and up till now was totally dependend of one system i created myself. Its a nice system but, at times its into a DD (much like any ...
Simple Simon Balance Line Trading
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Chake replied Oct 14, 2010Hi Marion, Thanks a lot for the message! I hope Graeme will be well soon! In the meantime I study his lessons and develope my own trading style around the base he has given.
Building an equity millipede
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Chake replied Oct 11, 2010Thanks Graeme — Just finshed reading the entire thread, en would like to thank Graeme for his efforts to teach us. Best thread i've ever read. Hope you are well Graeme!
Building an equity millipede
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Chake replied Mar 10, 2010Nice work Razor Trader. I've been lurking on this thread for a long time. And am curious to see the results off your new thread. I'm at the moment not trading DIBS, but it has my interest, and when i have the time i will investigate if i can trade ...
The DIBS Method... No Free Lunch continues
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Chake replied Jan 12, 2010Ok, if day is bearish then you're right. I don't have a chart here so i cannot check. But remember that you always have losing days, it's part of trading, you cannot avoid that.
The DIBS Method... No Free Lunch continues
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Chake replied Jan 12, 2010Day is bullish, so you should be looking for buy trades.
The DIBS Method... No Free Lunch continues
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Chake replied Jan 12, 2010Hi Hans, I see what you mean, but you have to look at the long term. You always will have loosers, but in the long run you win, and that's the key. Sure, you can change your trailing method, test it and maybe you will see some better results. But ...
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