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Trade the Slope System 453 replies

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"Trade the slope" journal

  • #401
  • Jan 27, 2008 7:14am Jan 27, 2008 7:14am
Lenoxer,

Great ideas. I like to keep my trading as simple as possible, though. Bascially what I am doing is moving my stop every 50 pips as oppose to waiting 100 to make the first move past +10. At +150 pips I would move from +10 to +50. You are correct everythng (currencies, housing, political views, world tempertures) eventually resorts back to the mean. What that may be, I do not know. If some one wants to forward test these exits let us know.

Pete
  • #402
  • Jan 27, 2008 7:42am Jan 27, 2008 7:42am
Shakin23,

Thanks for your contribution.

Pete
  • #403
  • Jan 27, 2008 9:28am Jan 27, 2008 9:28am
Hi all,
i am quite puzzled for scalping GBP/JPY using this great system,
I based on M1,M5 timeframe,but failed to catch better entry.
Would any buddy hint me how to compare TF for scalping positions?
Regards
Ele
  • #404
  • Jan 27, 2008 10:49am Jan 27, 2008 10:49am
ele,

I personally do not scalp using this sytem. I do not recommend scalping.

Pete
  • #405
  • Jan 27, 2008 2:15pm Jan 27, 2008 2:15pm
I'm scapling using 30/15/5TF with 25 sl and 25 tp with very good results (you have to be consistent)
  • #406
  • Jan 27, 2008 5:20pm Jan 27, 2008 5:20pm
Good evening to some and good morning to others. It is going to be a wild week with all the news coming out and NFP on friday. I have posted a new entry on blog.

Pete
  • #407
  • Jan 28, 2008 4:08am Jan 28, 2008 4:08am
SL hit on

Gbp/Usd +50
Eur/Chf -100


MTD 480
YTD 480
  • #408
  • Jan 28, 2008 8:12am Jan 28, 2008 8:12am
Short Aud/Nzd at 1.1391
  • #409
  • Jan 28, 2008 9:36am Jan 28, 2008 9:36am
Short Usd/Chf at 1.0898
  • #410
  • Jan 28, 2008 9:47am Jan 28, 2008 9:47am
Quote
Short Usd/Chf at 1.0898

Thanks for calling out trades as usual. really love it. as I couldn't load my chart from office.

God bless you
  • #411
  • Jan 28, 2008 10:51am Jan 28, 2008 10:51am
Naijafx

I posted more entries on the blog.

Pete
  • #412
  • Jan 28, 2008 1:33pm Jan 28, 2008 1:33pm
Quoting PTOURNIS
SL hit on

Gbp/Usd +50
Eur/Chf -100


MTD 480
YTD 480

PTOURNIS..I forget, are you using 4hr-1hr-30min TF? So 4hr candle to close/open trades.

I am generalizing about slope SL..not about PTOURNIS (down from 730)SL method..giving back is a no-no...there has to be a optimum way to SL this system..I am using 6 pair (working towards 4 pair) and letting it run till the slope changes direction. I think EMATRADER recommended this way.

thanks
  • #413
  • Jan 28, 2008 1:46pm Jan 28, 2008 1:46pm
Generalz,

I am using daily/4hr/1hr/30m. Please go back and read his document. He states he puts a 100 pip SL and adjusts it accordingly. I attempt to ride the slope from the beginning to the end. If I get stopped out with a small gain so be it. I will wait until the colors line up again and begin the ride again. One thing to keep in mind, the markets have been very choppy lately. This not good for a trend following system. Thanks for your contributions.

Pete
  • #414
  • Jan 28, 2008 2:05pm Jan 28, 2008 2:05pm
Quoting PTOURNIS
Generalz,

I am using daily/4hr/1hr/30m. Please go back and read his document. He states he puts a 100 pip SL and adjusts it accordingly. I attempt to ride the slope from the beginning to the end. If I get stopped out with a small gain so be it. I will wait until the colors line up again and begin the ride again. One thing to keep in mind, the markets have been very choppy lately. This not good for a trend following system. Thanks for your contributions.

Pete

Pete..thanks for the insight..You've really found a Gem with this method. Can't thank you enough.

john
  • #415
  • Jan 28, 2008 3:01pm Jan 28, 2008 3:01pm
Generalz,

Thanks. The key word in your comments is found. I did not come up with this method. I only tweaked to MY liking. As everyone else should do the same. I do take everyone suggestions in my tweaking.


Pete
  • #416
  • Jan 28, 2008 6:56pm Jan 28, 2008 6:56pm
Long Eur/Chf at 1.6115
  • #417
  • Jan 28, 2008 9:30pm Jan 28, 2008 9:30pm
Hi Pete

Just to be clear,you have attached the slope indicator to the Interbank platform?

Ta Gerard
  • #418
  • Jan 28, 2008 9:34pm Jan 28, 2008 9:34pm
Joyrider ta for the help.

Gerard
  • #419
  • Jan 29, 2008 1:58am Jan 29, 2008 1:58am
Hi Pete
Good piece on FEAR on ur blog,for a minute i thought you were talking about me,BUT yes you are so correct,you have to pull the trigger if the system confirms the set up
Great stuff ,keep it up
regards
baz
  • #420
  • Jan 29, 2008 4:35am Jan 29, 2008 4:35am
Wow, good to see people are reading my blog. Thnaks Baz
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