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Colostarr replied Jun 27, 2011Jules you didn't miss anything. The 15tf is doable from this methods perspective, however you need to manage the trade and be careful of your entries. I use the 30TF to confirm my 15tf entry. When trading the 15tf, the most important thing is to ...
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
Oh and USDCHF sell 15tf +18 stop at BE
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
USDCAD trade still alive USDJPY sell triggered 15TF EURAUD 4H tf +29 pips with 10 locked
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
EURAUD 10 pips locked USDCAD: Stop at BE
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
The close of the long candle was your signal Nawlins. You take into account other factors that might hinder entry - resistance is a great hinderance! So, if it is close enough to the top or bottom of your candle, set your stop above or below that ...
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
Ah - there was a trade to be had! I set a buy stop on EURAUD 4H this morning. It triggered is now at +15 HEY NAWLINS - ONE GUESS WHAT DID I DO?
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
Interesting - my chart doesn't show that level. Neither here nor there, your entry would be well above that resistance anyway
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
USDCAD — USDCAD triggered short 15tf
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
Not seeing anything other the 50EMA on the 1h. Can you post a chart?
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
EURGBP - I'm a little skeered entry would be .8900
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
Set your buy stop at the high of that candle on the 1H. Broke through 50ema and the approach is good. I'm gonna set a buy stop on this one!
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
So hopefully the education piece here is "You chased Price!"
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
Has anyone been triggered into anything? It seems that all the 1H time frames are well away from the blue line, and the 15tf's are ranging. it's like price doesn't know which way it wants to go. Although there isn't much by way of news today - and ...
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
Educational sure - but there's nothing funny about losing money brother!
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
Nawlins - did you enter with a market order on this?? Your buy mark looks suspect to me??
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
I concur with this. Beside the fact that WHEN YOU CAN MOVE TO BE, MOVE TO BE! A lot of the time, you will be taken out, so be it. If there is another chance to re-enter, it will be given usually during the candle that took you out. There will also ...
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
Sounds good Neil. Sorry for being absentee on Friday - was not by choice!
Simple Simon Balance Line Trading
- Colostarr replied Jun 27, 2011
Thats the good thing about the entry rule. Looks like price is bouncing off the blue line on the 15tf.
Simple Simon Balance Line Trading