"Trade the slope" journal

thanks for your kind words........... the slope system is my holy grail for longterm.


thanks

SL hit on Usd/Cad -100

MTD +780
YTD +780

Pete, I think that if we can catch the slope changing from the begining, ensuring that it has really changed from -Ve to +ve, pull the trigger when others criteria are met. then we can ride-on with the trend until the slope changes and then we exit.

The advantage of this is that we will always be in a trade, just moving with the trend as long as its trendy.

Anyway, i have opened a demo account for this to really try it out for one month and see what the result would be.

If anybody is interested should also join in this so that collectively we can achieve good result.

Meanwhile, our present system, pete's method of trading the slope system is still very profitable and promising.... I am going live trading specifically on this strategy.

Contributions will be highly appreaciated.

Thanks

Naijafx

Naija,

How will you "ensure it has really changed"?

Pete

Long Eur/Chf 1.6066

Well, I have to admit I messed up on the trade of Eur/Chf. I did not wait until the daily bar closed to indicate the trend change. Human error.

SL hit on Eur/Chf -100

MTD +680
YTD +680

Short Eur/Chf at 1.5975

I've been wondering coz i couldn't see reason to long.

thanks

Hi Pete
Bad luck on the loser,we all sometimes rush in,by the way have thought maybe using FIBO retracements as a way of exiting trades,perhaphs coming out at the 25% fibo level ,by using the swing high /low on the 4hr charts
Anyway its good to learn from ur trading
all the best
baz

Hi Pete and Naijafx
At the present momment on Cable,the 4hr is waiting to roll over for a short,my question is DO YOU GUYS wait for the 4hr candle to complete before entering the trade?
thanks for any advice
baz
ps i am in the UK

This is a late post.

Short Usd/Jpy 105.78

Moved SL on Eur/Chf to +10

Baz,

I wait until the candle closes.

Pete

Hi Pete
thanks,that was a quick reply,i didnt pull the trigger on the USD/YEN just froze.
Kind regards
baz

Baz,

You need to ask yourself why you froze.

Pete

Hi Pete
Looking at again 2 reasons,the large range on the asain session and more importantly
" FEAR"
something i got get over
baz

I highly recommend Trading in the Zone. Check out my blog.

Hi Pete
i shall definetley order,thanks for the recommendation
regards baz
ps are from the States?

hi guys
something that came in my mail box

Inside Out
There is essentially only one way in which you can bring about self-transformation - that's if you want to - but you will not think you need to if you are still taking your happiness from outside yourself, and still managing to tolerate the periods of unhappiness which result. As soon as your happiness is dependent on anything outside, you make yourself a slave to a condition, substance or perhaps a person. A slave is not free. And happiness is impossible if you are not free. Perhaps this goes some way to explaining why our happiness fluctuates. Real happiness does not go up and down. Real freedom means that your happiness comes from inside out. That will require detachment and renunciation, not least from the illusions and conditioning of society which would have you believe happiness can be acquired from outside in. Can you see it? Inside out, not outside in!

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