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  1. #1
    Legendry Member willyw's Avatar

    Trend Balance Point Intraday Trading recommendations !!!

    Intraday Day Signal for Tuesday, 08 January, 2013
    AUDJPY Sell Target: 91.3893 Stop Loss: 92.8777
    AUDCHF Sell Target: 0.9645 Stop Loss: 0.9772
    AUDUSD Buy Target: 1.0529 Stop Loss: 1.045
    GBPEUR Buy Target: 1.232 Stop Loss: 1.2233
    GBPJPY Sell Target: 140.17 Stop Loss: 142.15
    GBPCHF Buy Target: 1.4895 Stop Loss: 1.4777
    GBPUSD Buy Target: 1.6157 Stop Loss: 1.5981
    CADJPY Sell Target: 88.183 Stop Loss: 89.746
    EURAUD Buy Target: 1.2524 Stop Loss: 1.2362
    EURGBP Sell Target: 0.8113 Stop Loss: 0.8172
    EURJPY Sell Target: 113.964 Stop Loss: 115.768
    EURCHF Buy Target: 1.2089 Stop Loss: 1.2079
    EURUSD Buy Target: 1.316 Stop Loss: 1.2978
    XAUUSD Buy Target: 1660.413 Stop Loss: 1632.547
    JPYCHF Buy Target: 1.0598 Stop Loss: 1.042
    NZDUSD Buy Target: 0.8403 Stop Loss: 0.8256
    XPDUSD Buy Target: 683 Stop Loss: 651
    XPTUSD Buy Target: 1561.667 Stop Loss: 1538.333
    XAGUSD Buy Target: 30.4847 Stop Loss: 29.5753
    CHFJPY Sell Target: 94.2797 Stop Loss: 95.7933
    USDCAD Sell Target: 0.9844 Stop Loss: 0.9895
    USDJPY Sell Target: 86.9327 Stop Loss: 88.5343
    USDCHF Sell Target: 0.9178 Stop Loss: 0.9315

    Exit position at Target Price or Stop Loss Price. Do not reverse.
    Disclaimer:
    This guide is only a recommendation from the Trend Balance Point System (TBP) and to be use as a guideline to interpreting TBP.
    This information should only be used by investors/traders who are fully aware of the risk involve in trading.
    I accept no liability whatsoever for any loss arising from any use of this contents

  2. #2
    M.J
    M.J is offline
    Veteran Member M.J's Avatar
    It would be a little more helpful if u have also give entry price or maybe a timeframe when to enter.

  3. #3
    Master Member Bogdan G's Avatar
    Yea, and maybe tell us something about the Trend Balance Point System. We should know a little more about that before investing MONEY in it dont u think? Another thing that I am having trouble with is how to place the exact stop loss that you are talking about when trading Binaries...
    Last edited by Bogdan G; 01-09-2013 at 11:21 AM.

  4. #4
    Specialist Member marvel's Avatar
    I think this system is not suitable for binaries, it is developed for spot market. Did you trade on it willyw or just found somewhere?

  5. #5
    Specialist Member LesterK's Avatar

    Question !!!

    I won’t use such a system with so many signals. I prefer to stick to very few pairs, mostly majors and to analyze them on a daily basis for entry signals on M15 time frame.

  6. #6
    Specialist Member RCox's Avatar
    I have never heard of the trend balance point system. No offense, but I also tend to move away from any system that is purely technical in nature. I just think that if there was really a simple mathematical system that anyone could use, we would all be using it. Robots would completely take over the markets and determine the value of all assets.

    Maybe a new story line for "Terminator 6."

  7. #7
    Legendry Member willyw's Avatar
    I have been using Trend Balance Point since the late 80s for intraday. Most veteran traders have heard and use this system and is very popular in the 80s & 90s. It was developed by Welles Weilder in the 80s. He has written a book New concept in Technical trading system. The technical indicators that many of us used till today like the Directional Movement Index (DMI), Parabolic SAR are also developed by Welles Weilder. TBP incorporates momentum and true range and the x-bar to derive the following day's value.
    Last edited by willyw; 01-10-2013 at 01:05 PM.

  8. #8
    Master Member vinayakm's Avatar
    Quote Originally Posted by Bogdan G View Post
    Yea, and maybe tell us something about the Trend Balance Point System. We should know a little more about that before investing MONEY in it dont u think? Another thing that I am having trouble with is how to place the exact stop loss that you are talking about when trading Binaries...
    I suppose this is another candidate for Michael's review of binary trading strategies which even you do at times. But I am pretty sure that this one will be approved. However, I could be wrong! There is a ton of information on it online, though.

  9. #9
    Master Member Bogdan G's Avatar
    Quote Originally Posted by vinayakm View Post
    I suppose this is another candidate for Michael's review of binary trading strategies which even you do at times. But I am pretty sure that this one will be approved. However, I could be wrong! There is a ton of information on it online, though.
    I hear you Vinayakm, but I think the original poster should give more details about it. I am honestly curious about it.

  10. #10
    Specialist Member marvel's Avatar

    Question more info on Trend Balance Point System !!!

    It looks interesting and if you use it for so long time williw it could be realy good strategy. Is there some kind of review on it on the web? I am very interested how to set up Trend Balance Point System. Is it possible to do that in metatrader terminal?

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