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Trade the Slope System

  • #341
  • Mar 17, 2009 5:42am Mar 17, 2009 5:42am
hello tcmm,

Very interesting approach, please continue...

Cheers
  • #342
  • Mar 17, 2009 8:33am Mar 17, 2009 8:33am
tcmmHere is a Tip When you want to know how long a Daily Bar will go. Put your ATR on the chart and Set it to 5, when you touch the bar with your cursor you went in on, this will show how much that bar will roughly make in pips to guide you.

Hi tcmm,
I have added the ATR 5 to my charts.
When I touch the bar with my cursor, it's not showing ATR,
only the open, high, low, close, volume.
What am I missing?

Cheers
  • #343
  • Mar 17, 2009 10:47am Mar 17, 2009 10:47am
Quoting Pluto2
tcmmHere is a Tip When you want to know how long a Daily Bar will go. Put your ATR on the chart and Set it to 5, when you touch the bar with your cursor you went in on, this will show how much that bar will roughly make in pips to guide you.

Hi tcmm,
I have added the ATR 5 to my charts.
When I touch the bar with my cursor, it's not showing ATR,
only the open, high, low, close, volume.
What am I missing?

Cheers
OPEN YOUR DATA WINDOW TO SEE IT PLUTO2
My Email For Help: [email protected]
  • #344
  • Mar 17, 2009 10:58am Mar 17, 2009 10:58am
Quoting aelimian
Please explain your SL and TP.
Do you to take profit everyday?
Thanks
Stoploss is lowest bar low 3 bars back if up and highest if down trend
Take profit 1 Day ATR which is set at 5
Then Exit 1/2 the position Let the other Run and tail the stop 3 bars back moving it every night at new bar.
My Email For Help: [email protected]
  • #345
  • Mar 17, 2009 11:01am Mar 17, 2009 11:01am
TCMM,

Can you talk about how you are using the two RSI indicators and could you please post them. I would suggest starting a new thread.

Thanks
Mitch
  • #346
  • Mar 17, 2009 11:05am Mar 17, 2009 11:05am
Guys look at the usd/jpy I went in at 98.08 on Sunday ngiht its now at 98.80 the ATR 5 on Sunday said 105 pips I am up 72 pips 1/2 position take profit is set at 99.05 then I will let the other 1/2 run til I get stopout with my rule of 3 bars back Stoploss.
Pull up the USD/JPY Daily and you will see this. The 2 Slopes are in line after the Retracemnt. Good way to see this clear.
My Email For Help: [email protected]
  • #347
  • Mar 17, 2009 11:09am Mar 17, 2009 11:09am
Quoting mitchp
TCMM,

Can you talk about how you are using the two RSI indicators and could you please post them. I would suggest starting a new thread.

Thanks
Mitch
Yes I can I have the ATR 5 and the RSI Custom indicators

Will call new Thread. (Daily Slopes Power Pips.)
Only way to trade is Daily less time on Computer only 15 imn a night EST

What do you Guys Think?
My Email For Help: [email protected]
  • #348
  • Mar 17, 2009 11:23am Mar 17, 2009 11:23am
To be more specific, you have two RSI indicators on your chart, what are they set on and how do you incorporate them into your trading decisions.

Like the name!

Mitch
  • #349
  • Mar 17, 2009 12:43pm Mar 17, 2009 12:43pm
Quoting mitchp
To be more specific, you have two RSI indicators on your chart, what are they set on and how do you incorporate them into your trading decisions.

Like the name!

Mitch
They are set at 13 RSI both
One 55 and 45 levels and the other 50 levels
Its a guide of trend Direction for Dailies
My Email For Help: [email protected]
  • #350
  • Mar 17, 2009 1:05pm Mar 17, 2009 1:05pm
[quote=tcmm;2609362]They are set at 13 RSI both
One 55 and 45 levels and the other 50 levels
Its a guide of trend Direction for Dailies[/quote

Hey tcmm Meta trader4 RSI comes with a line indicator instead of bars. Where can we get the CUSTOM RSI Indicator at or could you post yours for us......Richard
  • #351
  • Mar 17, 2009 1:10pm Mar 17, 2009 1:10pm
[quote=skybiz007;2609419]
Quoting tcmm
They are set at 13 RSI both
One 55 and 45 levels and the other 50 levels
Its a guide of trend Direction for Dailies[/quote

Hey tcmm Meta trader4 RSI comes with a line indicator instead of bars. Where can we get the CUSTOM RSI Indicator at or could you post yours for us......Richard
Here she is Guys
Attached File(s)
File Type: ex4 RSI Custom.ex4   3 KB | 896 downloads
My Email For Help: [email protected]
  • #352
  • Edited 1:55pm Mar 17, 2009 1:15pm | Edited 1:55pm
Here Guys is my Temp Plate on the Method

Here is a Updated Temp Plate and it shows the trade I am in USD/JPY in at 98.08 and is now at about 98.60 up 52 pips
Attached File(s)
File Type: tpl daily slope power pips.tpl   4 KB | 1,054 downloads
My Email For Help: [email protected]
  • #353
  • Mar 17, 2009 4:18pm Mar 17, 2009 4:18pm
Quoting tcmm
Here Guys is my Temp Plate on the Method

Here is a Updated Temp Plate and it shows the trade I am in USD/JPY in at 98.08 and is now at about 98.60 up 52 pips
Hi tcmm,

just tried your 80/12 slope system on a eurusd 4h chart. Looks rather interesting.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009.03.17 22.17.gif Size: 11 KB
/ ... clarifying decisions ... /
  • #354
  • Mar 17, 2009 4:45pm Mar 17, 2009 4:45pm
Quoting walb99
Hi tcmm,

just tried your 80/12 slope system on a eurusd 4h chart. Looks rather interesting.
If you want you can trade off a timeframe but always make sure you check 2 lower frames IE: -Monthly is Trade Chart-Check Weekly and Daily.Make sure Slopes are same coluor.
Weekly is Trade Chart-Check Daily and 4Hour
Daily is trade Chart-Check 4Hour and 1 hour
And so on.
But the method is better on Daily less time on computer and more steady pips
My Email For Help: [email protected]
  • #355
  • Mar 17, 2009 5:39pm Mar 17, 2009 5:39pm
Quoting tcmm
If you want you can trade off a timeframe but always make sure you check 2 lower frames IE: -Monthly is Trade Chart-Check Weekly and Daily.Make sure Slopes are same coluor.
Weekly is Trade Chart-Check Daily and 4Hour
Daily is trade Chart-Check 4Hour and 1 hour
And so on.
But the method is better on Daily less time on computer and more steady pips
Thank you for the reply.

I checked your MACD settings 12-20-9 , they are very unique. Can you please tell me the logic behind?
/ ... clarifying decisions ... /
  • #356
  • Mar 17, 2009 5:45pm Mar 17, 2009 5:45pm
Quoting walb99
Thank you for the reply.

I checked your MACD settings 12-20-9 , they are very unique. Can you please tell me the logic behind?
Where was that macd settings from? I didn't have a macd
My Email For Help: [email protected]
  • #357
  • Mar 17, 2009 5:54pm Mar 17, 2009 5:54pm
Quoting tcmm
Where was that macd settings from? I didn't have a macd
Maybe was someone else wtih the same name.

1) Open a 1hr and a 15min. charts
2) Put a 200ma on the charts
3) Set and put a MACD 12-20-9 Crossed same direction as 200ma both charts
4) Stoch at 8-3-3 Just to show Overbought and Oversold only
5) Pivots to guide you
6) 5ma close and 8ma open When they cross
7) When both charts have 200ma same trend and MACD cross the same and the 5 and 8 cross Buy the dips in an uptrend,
and sell the rallies in a downtrend.

http://www.forexfactory.com/showthread.php?t=74608
/ ... clarifying decisions ... /
  • #358
  • Mar 17, 2009 5:59pm Mar 17, 2009 5:59pm
Quoting walb99
Maybe was someone else wtih the same name.

1) Open a 1hr and a 15min. charts
2) Put a 200ma on the charts
3) Set and put a MACD 12-20-9 Crossed same direction as 200ma both charts
4) Stoch at 8-3-3 Just to show Overbought and Oversold only
5) Pivots to guide you
6) 5ma close and 8ma open When they cross
7) When both charts have 200ma same trend and MACD cross the same and the 5 and 8 cross Buy the dips in an uptrend,
and sell the rallies in a downtrend.

http://www.forexfactory.com/showthread.php?t=74608
Oh Your talking about My Thread The Big Dog Trading Secret, Sorry,
Hey thats for small time frame trading its good if your on the computer.
My Email For Help: [email protected]
  • #359
  • Mar 17, 2009 6:06pm Mar 17, 2009 6:06pm
I am going to go and have dinner any questions post them.
Look how nice that USD/JPY is doing Daily I am still in from 98.08.
I posted the chart earlier.
My Email For Help: [email protected]
  • #360
  • Mar 17, 2009 7:06pm Mar 17, 2009 7:06pm
Quoting tcmm
I am going to go and have dinner any questions post them.
Look how nice that USD/JPY is doing Daily I am still in from 98.08.
I posted the chart earlier.
hey Tcmm,
can you post all the rules with your new system with the template that you just posted ? i am looking at it as i am typing this .. also if any other indicators we need ..

that will help us out a lot..

Thanks,
Goodbadmas
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