Slope of Hope Blog Posts

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.

The Scientific Approach to Trading (by Retracement Levels)

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This post has no trading setups in it, just a couple of thoughts on the way we approach the market problem.

There are many methods widely available to the public, from Elliott Waves, to Technical Analyisis, Indicators, etc. to try to figure out what the market will do next.

One thing that seems evident is that the vast majority of people is looking pretty much at the same things, although very few take the time needed to question these things. Do they really work or not? Are they based on scientific logic or delusional fantasies? Etc?

I'd like to make some example of the folks that make long terms predictions, for example stating that Gold and Silver will go up a lot in the next few years, or that the SPX will collapse and go back to 300, or that US bonds are the short trade of the century, etc.

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Broken Support on ES (by Springheel Jack)

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On the SPX daily chart the middle bollinger band was support again yesterday, but there's every reason to think looking at ES that SPX will break below that this morning. If so then the obvious targets are the lower bollinger band in the 1382 area and rising channel support in the 1379 area. There is a poor quality H&S that has formed on SPX with a target in the 1365-70 area on a break below last week's low but I wouldn't rely on that being reached:

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