Limit order at the line itself i believe is that how he does it, once you have found the line.

The Support Resistance Switch Method - Trade with one line

Yes pretty much.. but i like to wait for at least a few candles after the close over, and have enough movement up in pips before the retest, otherwise i consider it to be a "head fake" or stop hunting, or fake break-out, whatever you want to call ...

The Support Resistance Switch Method - Trade with one line

Well, i scalp sometime too. But only if I am there to watch the market like a hawk and get out quick. Otherwise, if i want to do set-and-forget trading i go for the higher TF giving me less stress and much more room for the price to play out, but ...

The Support Resistance Switch Method - Trade with one line

I see it on the 15-min chart, but this only give about 12 pips (86 to 98), but that is all you are looking for anyway good luck

The Support Resistance Switch Method - Trade with one line

On a daily frame my SL is about 200 pips to let the trade breath and develop ... cant be that tight if u trade daily ... it should be at least your ATR plus some

The Support Resistance Switch Method - Trade with one line

On the daily TF on AudUsd, i am watching the 0.7640ish level for a limit sell order an bounces off ascending channel that has been broken to the downside

The Support Resistance Switch Method - Trade with one line

I trade very similar way and i am watching the same exact levels in USDJPY I use EMA 100 and EMA 200 to determine trend basically then trade with the trend with limit orders. good luck Croc with this thread. Many green pips to you

The Support Resistance Switch Method - Trade with one line

Agreed.. there is nothing to learn here.. just a a bunch on non-english gibrish.. what a waste

Simple trading but profitable

I must be missing something here, really. Op says that the "balance line" is either resistance or support line which is good, but i don't understand why you have to keep trading the crosses of th eline. If it is a resistance line, just place the ...

Simple trading but profitable

Still open actually, and it is down a few pips. I sorta forgot about it lol .. thanks for reminding me. I may have been profitable should the trade closed around 148.20 but i was not around to close it and didnot have a TP set.

Simple trading but profitable

I don't really know why the OP is talking about SL and TP now. I understood that every time there is a cross there is a trade, with NO SL, the trade just gets hedged with opposite order. like i said before, the only trade that may become a winner is ...

Simple trading but profitable

I DO get it, and I know that this method does not really work with no filters, as the number of crosses will be huge. AND the only way this MIGHT work to recover your losses in spreads is if the number of crosses is ODD. If the price takes off in ...

Simple trading but profitable

This is to reduce the number of crosses. If you take my method, the range has been crossed only 3 times so far, 2 long and one short trades. If you were to just take the "simple" crosses with no filter , you would have 17 crosses so far around the ...

Simple trading but profitable

here is what i was talking bout, the blue rectangle is my range. I too a sell stop below the range and will only take the buy stop above the range if price goes above it. If price goes below again, I will take another sell order, and so on and so ...

Simple trading but profitable

this method does NOT have SL you keep buying and selling the cross until price takes off in one direction

Simple trading but profitable

Instead of entering on every line cross, the best way to reduce the noise is to go down to the 5min or 1min TF. So, on the hourly TF draw your line of interest. Say in EU the line is at 1.1820 because that is a significant level. when price hits ...

Simple trading but profitable

if you have an EVEN number of crosses when the price takes off, you will STILL lose the spread. The only time you can get some profit IF the price takes off with an ODD number of crosses. So, the probability of making winners is about 50% if you ...

Simple trading but profitable

Don't the buys and sells cancel each other out in the end and u just end up losing the spread??

Simple trading but profitable