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  1. Slope Trader

    Question about moving averages

    In defense of MAs... learning how to incorporate them into rules-based strategies is a large part of how I became profitable. My subjective ability to determine the trend and trade with it wasn't good enough and a more objective method was required. It seems clear that some trend/momentum...
  2. Slope Trader

    The Price Action Journal 2

    . Hey Schizo, This journal is an outstanding idea. Where are you on the idea of including a moving average on the charts? I knew that Al Brooks sometimes put a 20 period EMA line on his charts, but I read an article the other day (linked below) that says he now uses two moving averages on...
  3. Slope Trader

    As Matt said, fortune favors the brave

    . This was my first thought: they could have collected interest payments on 10 million dollars for seven months after putting the funds in the highest interest bearing accounts they could access. Then return only the original amount and keep the interest. Not sure if there would be practical...
  4. Slope Trader

    Overbought/oversold

    . Hi Noah, The blue&red line is a medium-term (between 30 and 80 periods) exponential moving average that is coded to be blue when the slope is up and red when its slope is down. When the slope is up it is best to only respond to buy signals to go long and when the slope is down to only take...
  5. Slope Trader

    Overbought/oversold

    . Have a strong preference for using stochastics-based indicators that track short-term highs and lows in price. They can help identify entry points for going long in uptrends and selling short in downtrends.
  6. Slope Trader

    Jokes - Caption This Photo

    . When interviewed, John's widow said that she had urged him repeatedly to seek treatment for his sleepwalking habit.
  7. Slope Trader

    Anti aging supplements

    Pekelo, thanks for this. The acarbose story is strange and hard to sort out right now... evidence suggests that its effects are mediated through the gut microbiome and that it may actually accelerate telomere shortening. Unlike some of the other supplements he mentioned, it seems like it may...
  8. Slope Trader

    How to trade like a retarded genius - an actual strategy that works

    . Very insightful post. Hadn't heard the insurance company analogy before, but it seems like a useful framework for designing scalping strategies with high win rates.
  9. Slope Trader

    Get it while it's HOT

    . That's a nice chart. Was wondering - if the horizontal green, brown and red lines are the target, entry and stop-loss prices, what is the horizontal blue line?
  10. Slope Trader

    Paper Trading Journal

    KG, you might find these suggestions for rules, some general and some specific, useful too: https://www.newtraderu.com/2015/01/13/30-of-the-worlds-best-trading-rules/
  11. Slope Trader

    Paper Trading Journal

    . In addition to what Bad_Badness and schizo suggested, I'd add that there are usually a few more details included about entry, initial stop-loss location and exit rules. For example, when a new candle closes that is a signal for a long order, will you buy using a stop order above this new...
  12. Slope Trader

    Is there ANYPLACE safe to put your money these days?

    . Hi Handle, which Bitcoin market do you take short trades in... the actual or futures or ETF, etc.?
  13. Slope Trader

    Bear market? “So what,” says World Chess Champion Garry Kasparov

    Millionaire has it right too. Ng4+ followed by Bg8 and Rh7 can be delayed but not stopped.
  14. Slope Trader

    Bear market? “So what,” says World Chess Champion Garry Kasparov

    The mate is there. Look at other first moves with the knight.
  15. Slope Trader

    Trading Guru nostalgia

    . Getting a pamphlet in the mail advertising the Ken Roberts TWMPMM courses that was filled with charts containing classical chart patterns was my first ever exposure to trading and technical analysis. I bought the first TWMPMM course and read it and felt like I was seeing a new math-based game...
  16. Slope Trader

    free in thread mentorship

    . Hi John, have you been to this site? https://www.forexfactory.com/brokers
  17. Slope Trader

    Trading the Plan

    This chart is one he had asked about earlier that had a nice uptrend. From the start of the strong blue uptrend at around 9:30 there were 7 buy signals that would have produced 6 wins and 1 loss using the type of trailing SL that I like to employ. Loser was at about 10:25. Prefer to trade...
  18. Slope Trader

    Trading the Plan

    My preference is to enter with buy stop orders above the high when a bullish hammer candle or a "hammer-like" candle forms at such extremes during clear medium-term trends.
  19. Slope Trader

    Trading the Plan

    . Hey studentofthemarkets, It's an imperfect process to be sure, but looking at momentum extreme lows can point out some of those elipse areas that are good buying opportunities in a clear uptrend...
  20. Slope Trader

    Prove to me that Technical Analysis Works.

    . Hi TazTheLaz, Please consider reading the following books. I believe they will open your mind to the possibility that TA can be and is being used by some individuals to become wealthy. Market Wizards: Interviews with Top Traders – Jack Schwager The New Market Wizards: Conversations with...
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