My "unscientific" opinion is that a slope of .5 or -.5 is not that steep. A slope of +1 would be 45 degrees. I personally term that a "power trend" and would not trade against that. So, I might lean toward bi-directional trading above .5, but the ...

Extreme TMA System

I see...Since the closed cross has now occurred for me, I have placed the BUY EA for USDCAD (I'm using a tighter stop).

Extreme TMA System

USDCAD Long — Must be differing prices for different brokers...I don't have a trigger yet for USDCAD long

Extreme TMA System

Basically, the darker colors are subject to repainting. The brighter colors will not repaint. This has been covered extensively in the thread. Any appropriate color of a closed bar is valid for trading, even if it repaints.

Extreme TMA System

Thank Goodness for the Weekend!! — Hello Al and all participants, While thinking about price action's "reversion to the mean" after a rapid and extended move (like a rubber band), I came across this thread 2 days ago. I'm glad the weekend ...

Extreme TMA System

Oh NO....not HIM !! — Paulforex.....do yourself a favor and don't get into a discussion with whatfx....you'll regret it. I've seen his antics in other threads. He started a thread claiming to know the best systems. He claims to have "a list" ...

Introducing Mr EMA50 System

50 ema — From what I understand, the 50 ema is not used as confirmation...it is used as a level of support /resistance that must be taken into account with entries. If an entry could be taken but then price runs into the 50ema, then maybe the ...

Simple Simon Balance Line Trading

USDCHF Stop out — Well, that didn't take long for the USDCHF 1 hour trade to stop out. Now the 4 hour may be a bounce long in an hour and 20 minutes

Simple Simon Balance Line Trading

Stay below 0.8210 — If I may ask, what is special about 0.8210?

Simple Simon Balance Line Trading

USDCHF — I agree. I am also waiting for a short entry on the one hour chart.... and then I hope the 4 hour chart confirms the short entry. image image

Simple Simon Balance Line Trading

GBPUSD — Good for you. Personally, I would not have taken that trade. The Balance Line was rather flat, the entry was far from the balance line and close to recent support.

Simple Simon Balance Line Trading

freestockcharts.com — freestockcharts.com has shiftable ema (not smoothed) with forex quotes

Simple Simon Balance Line Trading

EURGPB 1H — Balance line and 50ema are both flat...do not take this trade. Must wait for breakout and then some sort of retracement, either via price action or time

Simple Simon Balance Line Trading

Moving stop-loss to break even — Lately I've had a couple trades wherein I moved my stop-loss to break even quickly only to be stopped out and missing a big advance. The latest was today's GBPUSD on one hour chart as seen below. I know it ...

Simple Simon Balance Line Trading

Trades per Day — Just look at a 1 hour chart...the trades are easy to spot.

Simple Simon Balance Line Trading

EURJPY — My 1 hour chart shows a EURJPY potential buy (which I will not take) , not a potential sell...maybe our respective brokers are supplying differing quotes image

Simple Simon Balance Line Trading

Greece vote — riots in Athens

Simple Simon Balance Line Trading

Greece vote? — Did the vote about Greece just happen? Markets just went nuts!

Simple Simon Balance Line Trading

Changing Rules? — [QUOTE=indy360;4736329]I have moved my S/L to low of last candle to reduce risk just incase it does retrace! currently + 5 I wouldn't change the rules in mid-trade. Now that you are in the trade, you might need the extra room ...

Simple Simon Balance Line Trading