I agree with your thoughts, if traded blind it's at best zero-sum. What 'edges' are people using to make money from this?...mine is to trade out of consolidation only at strong areas of support (demand) / resistance (supply).

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Yes, great examples of supply and demand in action, selling at Retail prices and buying at wholesale.

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...loaded the !SS indi and no difference to Alligator, so the difference is down to our MT4 feeds.

Simple Simon Balance Line Trading

Yes, i trade the 15min from the UK and most of the entries today were early Asian session, so sitting on hands so far.

Simple Simon Balance Line Trading

ah, the template i'm using has the Alligator indi. I'll look in the attachments for the one you're using, will be interesting to compare the two. Thanks and nice trading this morning

Simple Simon Balance Line Trading

No worries - just looked at my FXPro MT4 UJ chart and price didn't make it to the BL in any case Glad you snagged the pips.

Simple Simon Balance Line Trading

Hi mfinab, out of curiosity, was the previous bar to your entry bar a touch (of the BL) too?

Simple Simon Balance Line Trading

Yes, took +40 odd at the RN. Tend to be more cautious trailing trades around NFP, ordinarily i'd still be in with the tsl @4287. Never mind.

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All out at the RN for +40. No more for me now until after NFP.

Simple Simon Balance Line Trading

Yes, could be a tricky day. I took the 15m EU short from 43 and trailing above each new low (just above the high of the previous candle), +13 locked in atm. Good trading all.

Simple Simon Balance Line Trading

GU — Last 15min candle closed the lowest of today so far and worked its way through the BL, so pending short order set...we know it has to break sometime, we'll see.

Simple Simon Balance Line Trading

EU — ...horses for courses - i use the 15min 200SMA and took 50% off (4365)as it hit it on this latest long. Of course, the 200SMA on the 1hr tf is trending upwards and gives a further upside target of 4415ish. Whatever floats your boat. 15min ...

Simple Simon Balance Line Trading

Stoploss strat — url

Simple Simon Balance Line Trading

i'm also trading this on the 15 with EU & GU, throughout London and NY sessions. Too early for me to give you some stats, but suits me so far. Good luck.

Simple Simon Balance Line Trading

No problem, semantics getting in the way My first stairstep today on EU...the clue's in the name i guess Apologies for the scrappy chart, no nice rectangles in Oanda's platform. At b/e now.

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Wouldn't you say that support/resistance plays a major role in forming consolidation? ...and yes, i knew you weren't 2nd guessing a trade.

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...i'm unsure whether FH would have this down as a valid consolidation, but the base (support) around 5980 is certainly key imo.

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Agreed, keep it 'clean' guys — .

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Depends what price your chart is showing - if it's the bid price then no spread to factor in when shorting.

Simple Simon Balance Line Trading

Many thanks, Squalou !! — .

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