effluvium wrote:Yes Bunker, your question is Absolutely important here, specially for newb. What does it mean is in the retracement phase (move) The Slope value does not mean nothing. Like you said for AUDCHF displays today +1.27 (green pair and normally good for BUY) which is absolutely a suicide if you rely just with this parameter and take a BUY. AUDCHF has fallen 85 pips. So considering Slope value alone is not sufficient. You have to consider the move and the MM5 and Pivots.
I don't know if Jerem or other Master could explain how he consider in this situations the information given by other indicators like NeoTrader NT-CSS... Any clarifications about this aspect, masters ?

Baluda wrote:

harry89 wrote:Baluda, which ones are not according to the guidelines? All slopes were over .6, pivots in order and retracement to one or both D pivot/5ma. Not all necessarily went through to the other side and back, but close enough trigger, especially with those fat slope values. Cable was a late entry and the tma was not as high but, the rest were triggering and it had momentum along with the eurodollar so, I went with them too.

Harry,

All your pairs are according to the guidelines. My remark is about the exclusion of the AUD and NZD pairs. Guidelines state that those should be included in a basket because the slope values tells us so. But again, we are talking about guidelines, not about rules.

harry89 wrote:I'm showing gbpusd .43 Daily

Baluda wrote:

effluvium wrote:Yes Bunker, your question is Absolutely important here, specially for newb. What does it mean is in the retracement phase (move) The Slope value does not mean nothing. Like you said for AUDCHF displays today +1.27 (green pair and normally good for BUY) which is absolutely a suicide if you rely just with this parameter and take a BUY. AUDCHF has fallen 85 pips. So considering Slope value alone is not sufficient. You have to consider the move and the MM5 and Pivots.
I don't know if Jerem or other Master could explain how he consider in this situations the information given by other indicators like NeoTrader NT-CSS... Any clarifications about this aspect, masters ?

Effluvium, Bunker,

Please read post 1 again. Jemook says it better than anyone.

Paul

spyderman wrote:Here's my daily on the G/U along with the dashboard indicator showing -.32.

effluvium wrote:I read it Baluda. I read it. If you take word by word Jerem Post 1, today is a retracement : Then normally NO TRADE should be taken for AUDCHF (as an example). AUDCHF hasn't crossed yet MM5 or Pivot in a Bullish move. Eventhough notice that many traders have Shorted this pair today considering that the retracement was too deep which justify an opposite Trade than Slope value was suggesting.
Please notice also that Jerem Post 1 didn't speak of how to consider NT-CSS in the Trade decision, aspect which could be very helpful for the average traders

effluvium wrote:I read it Baluda. I read it. If you take word by word Jerem Post 1, today is a retracement : Then normally NO TRADE should be taken for AUDCHF (as an example). AUDCHF hasn't crossed yet MM5 or Pivot in a Bullish move. Eventhough notice that many traders have Shorted this pair today considering that the fall was too deep to justify an opposite Trade of what Slope value was suggesting.
Please notice also that Jerem Post 1 didn't speak of how to consider NT-CSS in the Trade decision, aspect which could be very helpful for the average traders

Baluda wrote:This is a basket system. The rules are simple. 1. Add pairs to the basket according to their slope. 2. Wait for a retrace on most of those. 3. Wait for a trigger on retraced pairs. Then launch the entire basket. This means include AUDCHF, NZDCHF, GBPAUD etc.

Jemook wrote:That means (for a buy pair) a move well underneath the daily pivot AND underneath the 5.1 MA. Just look at AUDCHF right now, that is a decent retracement. As soon as it touches the 5.1 on the way back up get in. Of course you gotta see this happen on all pairs at the same time.