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"Trade the slope" journal

  • #161
  • Jan 9, 2008 5:12pm Jan 9, 2008 5:12pm
Dear Pete,

How do you use the ATR for position sizing? Can you detail that out? And, when you post trades can you also post the parameter setting for the Hull? Thanks so much.

Lenoxer
  • #162
  • Jan 9, 2008 5:22pm Jan 9, 2008 5:22pm
ahhh, a man of few words I see. Thats OK.

LG
  • #163
  • Jan 9, 2008 7:39pm Jan 9, 2008 7:39pm
Actually PTOURNIS has a system that is working very well for him and he realizes there are going to be drawdowns, but he is also realizing good profits so I would say he really is not interested in optimizing it into oblivion.

This is a rare thing, all you have to do is look through the forums .... you will find many systems that started out as a very simple yet profitable system and buy about the 3rd page they have been optimized beyond recognition......

My hat's off to PTOURNIS for the discipline he excersises in his trading.
Same Whore .... Different Dress
  • #164
  • Jan 9, 2008 8:05pm Jan 9, 2008 8:05pm
Quoting Lenoxer
Dear Pete,

How do you use the ATR for position sizing? Can you detail that out? And, when you post trades can you also post the parameter setting for the Hull? Thanks so much.

Lenoxer
I am no expert, the was I use it is..Double or some use x2.5 the current ATR...use that number as your SL, (SL = 2x ATR)..keeps you in the game except when there is a trend reversal. No doubt there are other suggestions..

generalz
  • #165
  • Jan 9, 2008 9:54pm Jan 9, 2008 9:54pm
Hello pete

Refer to your post 74 in reply to my post giving the link to ema trader, it appears that the attachments were incorrect. the two word documents were OK however the other attachment was unreadable. And I believe this the one that gives the information on how to create or access the slope indicator.

Thanks
Gerard
  • #166
  • Jan 10, 2008 1:29am Jan 10, 2008 1:29am
Quoting johnedoe
Actually PTOURNIS has a system that is working very well for him and he realizes there are going to be drawdowns, but he is also realizing good profits so I would say he really is not interested in optimizing it into oblivion.

This is a rare thing, all you have to do is look through the forums .... you will find many systems that started out as a very simple yet profitable system and buy about the 3rd page they have been optimized beyond recognition......

My hat's off to PTOURNIS for the discipline he excersises in his trading.
Hi John, (polite hello)

Oooo, calm down, maby its time for a hot bath, relax a little.

I was not mentioning anything complicated, only sugesting using a number for SL based on the ATR.
Then he replied saying he already does this 'roughly', which was fine. All I was doing Is making a helpfull sugestion thats all.
Even you should be able to see that a staple SL for all pairs and regardless of the recent range would be like throwing money in the wind.

This is a business, and it is how it should be treated.

In my post I congratulated him on what he was doing didnt I? Was I not polite?

To be Honest I would expect much more from some of the '1kt' members in here. Are you upset you didnt suggest? I realy dont understand.

If the thread holder has a problem with how I conduct myself in his space then thats fine. There is no place for you to let your imagination run wild.

WORK OUT A SL BASED ON ATR -- that is all that I said.
I could not even smell the mention of a Mac'd in the air(or whatever else)

Good stress free trading to you.

LG
  • #167
  • Jan 10, 2008 1:34am Jan 10, 2008 1:34am
Didn't mean that to sound stressed, just thought I would state what I thought.
PTOUNIS is apparently VERY content with the way his system runs now.
There have been other recommendations for improvement that he has also turned down.
No stress here, No worries here.....

Good trading to you..
Same Whore .... Different Dress
  • #168
  • Jan 10, 2008 2:04am Jan 10, 2008 2:04am
Quoting johnedoe
all you have to do is look through the forums .... you will find many systems that started out as a very simple yet profitable system and buy about the 3rd page they have been optimized beyond recognition......
So true, so true. Words of wisdom ...
  • #169
  • Jan 10, 2008 3:07am Jan 10, 2008 3:07am
Hi I was trying to find the Slope Direction Line indacator on VT trader and Meta Trader but cannot find it?? Where do I go for it Thanks ! check out my journal out..



Quoting PTOURNIS
LoLoAC,

I loosely use the ATR for size positioning now. Thanks for the drop in. Good luck.

Pete
  • #170
  • Jan 10, 2008 3:59am Jan 10, 2008 3:59am
Gerard,

The third file is the indicator you attach to Metrader.

Also, you can find it in the first post of the journal.

Pete
  • #171
  • Jan 10, 2008 4:02am Jan 10, 2008 4:02am
I appreciate everyone's comments and suggestions. I only request to stay civil and professional in our disagreements. If everyone thought and acted the same it would be a boring world. Thanks for dropping in.

Pete
  • #172
  • Jan 10, 2008 4:17am Jan 10, 2008 4:17am
Eur/chf Sl -100

Mtd +50
Ytd +50
  • #173
  • Jan 10, 2008 5:09am Jan 10, 2008 5:09am
Quoting PTOURNIS
Eur/chf Sl -100

Mtd +50
Ytd +50
Hi Pete,

Is there a particular time that you look for the setup everyday? I normally check in the morning. How often do you check on other pairs if you have identified and entered for some? Thanks.
  • #174
  • Jan 10, 2008 8:16am Jan 10, 2008 8:16am
Joyrider,

You do not NEED to view it more than 2-3 times a day. Unfortunately, I have internet access throughout my workday and look at my account a lot more. I would be more productive at my work if I did not.

Pete
  • #175
  • Jan 10, 2008 8:17am Jan 10, 2008 8:17am
Quoting Alderlug
So true, so true. Words of wisdom ...
Hi,
I also agree. If anyone has read any of my previous posts on the forum then they would see what I am all about! Where I sometimes drop in to trade there are some relative newbies, I have actually handed the link to the thread out to them, should be a stable introduction to forex trading for them.
I only wish I had some'one to point me towards something such as this in the begining.

Sorry for the hostile takeover PT, this isnt a discusion thread is it, ooops.
Good trading!
LG
  • #176
  • Jan 10, 2008 8:39am Jan 10, 2008 8:39am
LoLoAC,

No worries. The day passes quicker that way.


Pete
  • #177
  • Jan 10, 2008 8:48am Jan 10, 2008 8:48am
Sorry PTOURNIS
Didn't mean for my earlier statement to come off sounding hostile.
Same Whore .... Different Dress
  • #178
  • Jan 10, 2008 9:22am Jan 10, 2008 9:22am
Moved SL on NZD/USD to +10
  • #179
  • Jan 10, 2008 9:22am Jan 10, 2008 9:22am
JohneDoe,

No worries.

Pete
  • #180
  • Jan 10, 2008 11:18am Jan 10, 2008 11:18am
Moved SL on AUD/USD to +10
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