"Trade the slope" journal

New positions opened. Please view my blog.

Hi Pete
i am sure there are many who read your blog,for me it helps to see if any slopes lined up during asain session,hence a quick glance at ur blog helps
kind regards
baz

Fill your mind with peace and good feelings and your mind will give that experience in return. Whatever you are experiencing in your mind now is what you put there earlier on.

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regards baz

Moved SL on Usd/Cad to +150

HI Pete
Whats your take on the rate decision in USA,ie how has the slope system fared the last time the Decison was announced,not including the Emergency intervention last Tuesday.
The reason i ask,is because you seem to have traded the slope system consistently,and perhaphs you may have had positions open in Cable or the Euro
Personaly i will come out,and look for re-entry on thursday
thanks for any advice,as normaly i have only day traded,and the Slope System is New to me
regards
baz

Baz,

I really have not correlated the system to news events. I guess if I did I would be news trading. Now you stated you will enter again on Thursday. Is this based on YOUR system or are you trading with emotion?

Pete

HI Pete
thanks for ur response,yes i have a day trade system,and the entry wll be triggered by it,if at all.
But i really like the swing trade system that u have regards to the Slope,its just trying to get round my head in taking positions and holding it over a few days.
That aspect is totally new to me.I too dont trade around the news,but prefer to wait at least an hour or so before considering an entry.
Anyway lets see what "Uncle Ben " gives us tommorow.
Take care and kind regards

I don't know what he will give us, but I hope something sparks the housing market. I have had a 4 unit building on the market for a year.

hi all
is anyone aware of a service provider of fx alerts to mobiles
ta gerard

Hey Ptournis,

It will get a lot worse I'm afraid before it gets any better. Too much unwinding in overpriced markets that must be done before the markets are at a fair value. Old debt is changing hands for about 20 cents on the dollar. That ain't good. Few are willing to take on more risk for debt instruments costing more than that just now.

I am looking to buy into the housing market at the end of 2009. The shake out must continue until all parties are agreed that what is left is of enough value to invest in.

COTtrader
"Ken"

p.s. keep up the good trading. You are on a roll. Perhaps we can help you minimize some of the draw down you experience using the HMA on the daily TF.

COTrader,

Love your signature. I always say if people want better lives they need better decisions. I like yours better.

Pete

Anybody catch the Usd/Jpy trade? I missed it.

Pete

I posted an entry on another blog. Let me know what you think.

world ecomony commentary

Hi Pete
If we go to one currency worldwide,than you and me will have no Trading to do regards to forex!!
I think it will take a long time for that to happen.We as human beings need to help the rest of humanity who have to search for just one meal a day,nor are able to have proper housing or a decent education.
We have to help in bringing the basic neccessities to all mankind,before we can think about one currency,but nontheless it is a good idea
take care
regards
baz

Hi Pete
I did see the USD/YEN slope,but as i explained yesterday,it was "News Time",i will wait for a retracement of about 50% fibo and then enter,hope ful later in the US session
regards
baz

Karma

http://www.bkwsu.org/whatwedo/course.../rel_karma.jpg
http://www.bkwsu.org/whatwedo/course.../images/66.gif The first thing we do is take a breath.
Then we must give it back.
This is the rhythm of life.
This is a natural law of reciprocity
Where everything and everybody is affected.
You start by taking what you end up giving.
This is the law of cause and effect.
This unwritten law encompasses every action we perform.
This is the law of perfect justice.
We always get the return of everything we give.
http://www.bkwsu.org/whatwedo/course.../images/99.gif Something of intrest
regards Baz

So now we Wait for Uncle Ben to "cook some Rice " its gone pretty quite
Theres Divg on Macd on the Euro and Cable .
See if it follows thru, Cable is testing as support the 200ema on 4hr chart,i think if support holds Cable should head higher
baz

Sl moved to +10 on Nzd/Usd

SL hit on Nzd/Usd +50
Aud/Usd +10

MTD +540
YTD +540

Hi,

I just want to know why is the setting of the slope line differ from one currency to another? I would really like to try out your system.