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Ride The Slope Scalping Method

  • #21
  • Dec 14, 2010 7:04pm Dec 14, 2010 7:04pm
Nothing happening.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 74 KB
"speak softly, and carry a big stick" Teddy Roosevelt
  • #22
  • Dec 15, 2010 7:47am Dec 15, 2010 7:47am
I started trading this method and I am having consistency.. Did a backtesting and in average works really good. The combo macd-slope is consistent.

Today 12-15-2010 I managed my trades very comfortably.
  • #23
  • Dec 15, 2010 8:51am Dec 15, 2010 8:51am
It indeed looks good I took a couple of trades this morning and it works surprisingly well. However I noticed a thing, waiting for the MA cross seems to delay the entry, most of the time for nothing. I find the MACD slope is enough to confirm the trend after the NonlagAMA changed color. I'd like to hear what the veterans of this system have to say about that. thanks
  • #24
  • Dec 15, 2010 8:52am Dec 15, 2010 8:52am
Right now I am long 9:55 AM. Can't load up charts for some reason. The problem is at my end. Will load charts very soon.

Thanks pipster for this method.
  • #25
  • Dec 15, 2010 9:14am Dec 15, 2010 9:14am
Here are my trades so far.

I am using the slope color for exit.

The last one doesn't look too good. But that's the nature of trading.
Attached Image (click to enlarge)
Click to Enlarge Name: 12-15-2010.gif Size: 36 KB
  • #26
  • Dec 15, 2010 9:16am Dec 15, 2010 9:16am
Quoting wp3vv
Here are my trades so far.

I am using the slope color for exit.

The last one doesn't look too good. But that's the nature of trading.
So you're not using the MA cross signal?
  • #27
  • Dec 15, 2010 9:17am Dec 15, 2010 9:17am
Quoting gogoprovost
It indeed looks good I took a couple of trades this morning and it works surprisingly well. However I noticed a thing, waiting for the MA cross seems to delay the entry, most of the time for nothing. I find the MACD slope is enough to confirm the trend after the NonlagAMA changed color. I'd like to hear what the veterans of this system have to say about that. thanks

I agree. Actually, I got rid of the rest of the ema's. No disrespect to pipster, but I found them just no good.
  • #28
  • Dec 15, 2010 9:20am Dec 15, 2010 9:20am
Quoting gogoprovost
So you're not using the MA cross signal?
No. I wait for the price to crossover. The trade-off could be a late entry but I make sure I am the correct side of the trend. If you notice the trade preceding my last one, I waited for a pullback. These are a nice set of tools, but I add some discretion.
  • #29
  • Dec 15, 2010 9:53am Dec 15, 2010 9:53am
Choppy market as MACD indicates.

I got out as the slope changed color with a small loss. So far it has been a profitable day.

I will keep posting.
Attached Image (click to enlarge)
Click to Enlarge Name: 12-15-2010-1.gif Size: 36 KB
  • #30
  • Dec 15, 2010 10:49am Dec 15, 2010 10:49am
Quoting wp3vv
I agree. Actually, I got rid of the rest of the ema's. No disrespect to pipster, but I found them just no good.
Nice trades WP and gogo!!!! I only used the MAs for it helped the signal.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #31
  • Dec 15, 2010 10:50am Dec 15, 2010 10:50am
Quoting wp3vv
Right now I am long 9:55 AM. Can't load up charts for some reason. The problem is at my end. Will load charts very soon.

Thanks pipster for this method.
No problem wp3vv, glad you like it. Keep up the good trades.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #32
  • Dec 15, 2010 10:58am Dec 15, 2010 10:58am
Quoting gogoprovost
It indeed looks good I took a couple of trades this morning and it works surprisingly well. However I noticed a thing, waiting for the MA cross seems to delay the entry, most of the time for nothing. I find the MACD slope is enough to confirm the trend after the NonlagAMA changed color. I'd like to hear what the veterans of this system have to say about that. thanks
What I like about the 13,12 MACD, is that, I find it very clean, and shows the trend pretty good. I trade Phillip Nels stratagy a bit, and sometimes I lost trades because of divergence. With this MACD, there isn't much divergence, just a clean trend.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #33
  • Dec 15, 2010 11:01am Dec 15, 2010 11:01am
Here's a good example of a MA cross trade.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 10 KB
"speak softly, and carry a big stick" Teddy Roosevelt
  • #34
  • Dec 15, 2010 11:23am Dec 15, 2010 11:23am
Example of a BAD MACD Trade.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 10 KB
"speak softly, and carry a big stick" Teddy Roosevelt
  • #35
  • Dec 15, 2010 11:55am Dec 15, 2010 11:55am
I didn't take a trade but look how nice this run was!!
Attached Image (click to enlarge)
Click to Enlarge Name: 12-15-2010-2.gif Size: 34 KB
  • #36
  • Dec 15, 2010 11:58am Dec 15, 2010 11:58am
Quoting wp3vv
I didn't take a trade but look how nice this run was!!
Could've got about 70 pips on that one.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #37
  • Dec 15, 2010 12:01pm Dec 15, 2010 12:01pm
Look at the perfect trend MACD.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 10 KB
"speak softly, and carry a big stick" Teddy Roosevelt
  • #38
  • Dec 15, 2010 6:09pm Dec 15, 2010 6:09pm
Quoting pipstert2
Look at the perfect trend MACD.

ok. pipster.

the sma's , are they simple or smooth ?

what time frame ?

how do you identify a good slope on the macd ?


in your last chart picture above, what if the macd was above the 'zero' 0 line but sloping downwards. would that still be a valid sell entry ?


regards
  • #39
  • Dec 15, 2010 7:45pm Dec 15, 2010 7:45pm
Quoting pipstert2
Look at the perfect trend MACD.
Hi Pipstert, thanks for the excellent & simple scalping method. I have tried it yesterday on EU with good results.
May be you would like to try this MACD Colored indicator that I got from somewhere else. The MACD colored bar will change when it starts sliding up/down.
Attached File(s)
File Type: mq4 MACD_Colored_v105_mod.mq4   20 KB | 420 downloads
  • #40
  • Dec 15, 2010 9:44pm Dec 15, 2010 9:44pm
Quoting whatfx
ok. pipster.

the sma's , are they simple or smooth ?

what time frame ?

how do you identify a good slope on the macd ?


in your last chart picture above, what if the macd was above the 'zero' 0 line but sloping downwards. would that still be a valid sell entry ?


regards
Simple. 5 min. It's not to difficult, just as it slides down, and the MAs and slope have the signal, its a perfect trade.
"speak softly, and carry a big stick" Teddy Roosevelt
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