I am liking the USDJPY 1H approach to the line. The 50 and balance line are spun nice and tight, I think we might see a nice push through here.

Simple Simon Balance Line Trading

AUDUSD — Trade still alive. Momentum has slowed AUDUSD +120 locked currently at +142

Simple Simon Balance Line Trading

Also keep in mind that a resistance whether moving or a pivot will effect price until price CLEARS that resisatance free and clear (moves away from it). If it looks like the trend might be changing, the spread +- 3 pips will keep you out of trouble ...

Simple Simon Balance Line Trading

Yes Neil and Indy - I actually have always liked using that formula. I found that using the spread plus or minus 3 pips will indeed keep you out of trouble. I found that either the bid or the ask price (depending on buy or sell) would seem to be ...

Simple Simon Balance Line Trading

The GBPUSD trade was a bit too close to resistance in my opinion. I might have set my buy stop above that resistance line. USDCHF looks good to me

Simple Simon Balance Line Trading

Pipdude - you are a trading MACHINE!

Simple Simon Balance Line Trading

screen shot — Can you post a screen shot of your setting please. I am leaving just now and won't be back for at least 2 hours. Please be patient!

Simple Simon Balance Line Trading

Nice trade brother!

Simple Simon Balance Line Trading

Update — Trade update: AUDUSD trade still alive! +100 pips locked currently at +123

Simple Simon Balance Line Trading

Well I started with Trading Chaos Second Edition. Doesn't really matter, they are all great books!

Simple Simon Balance Line Trading

From MT4 simply insert "Bill Williams Alligator" go to the colors tab, change the colors of the red and green bars to "none". Click apply, the settings are already in.

Simple Simon Balance Line Trading

Read the rules page 1 post 1. Refrain from combative posts in this thread

Simple Simon Balance Line Trading

Nothing about Bill Williams is a Moot point brother! Bite your tongue! Get his books - All 3 of them - educate yourself!

Simple Simon Balance Line Trading

Titch — THIS IS TO SERVE AS A NOTICE: Although I started this thread as the Simple Simon Balance Line trading, it has evolved. The method has evolved from the original rules. Members have contributed greatly and I thank you all! One such ...

Simple Simon Balance Line Trading

Trades — EURUSD: Closed on stop: +97 pips USDCAD closed on stop: +38 pips AUDUSD: Still alive: +80 locked currently at +106

Simple Simon Balance Line Trading

Even though the thread may show me as present, I leave my computer turned on 24-7. I rarely close my Internet explorer. You can bet anytime after 1900 GMT I am snoozing!

Simple Simon Balance Line Trading

Hamad9 it is the 50EMA. I am in the process of updating the rules now, but basically think of it as a moving support/resistance line. It is an essential part of this system! We all have Titch (Neil) to thank for that

Simple Simon Balance Line Trading

That is why we are all here brother. No question is a dumb question!

Simple Simon Balance Line Trading

Price — Because price has a mind of it's own - you simply never know what it will do - this is EXACTLY why you trail your stops and forget that TP's exist It looks like for now price is ignoring the divergent candles on the EURUSD and AUDUSD ...

Simple Simon Balance Line Trading

Was just dumb luck. I missed the candle previous because i wasn't at the computer. But if I were at the computer I would have taken the long trade, only to be stopped out for what would have been -30 pip loss. You can also take it straight to the ...

Simple Simon Balance Line Trading