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.

Tough Nut to Crack

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Awww, c’mon, gold, you can do better! You’ve probably guessed I’m a long-term gold bull by now. But, jeez, that price gap is a killer. Just look at what happened this morning. We came within pennies of that gap and weakened. ARGH. Well, at least we got above the trendline. I have not lost faith, people; the very long-term patterns are SCREAMING for gold to be a sensation. I’m holding long, and for the long-term.

GLDGAP

Incidentally, there is a VERY COOL POST for all paying members (Bronze, Silver, Gold, Platinum) here.

Everyone Is Confused – We Like It That Way

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Jackie chan

Here’s another golden rule of trading you will never hear in the financial mainstream media: The less information the market yields, the more participants will attempt to fill the resulting vacuum with noise. Which is exactly why market makers love the summer slump as it’s high season for selling over priced OTM calls and puts to hapless retail traders.

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My Eyes!

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I’d like to tell you about an important failure.

In recent weeks, I have been endeavoring to create automatic pattern recognition. This has been attempted by many years by many organizations, most of them vastly better funded than mine, and they’ve all failed. I’ve spent a rather large amount of time on this.

In order to keep my risk low, I decided to start off by using the API of what is purportedly the very best pattern recognition system out there. We integrated it with SlopeCharts, and I started to thumb through the results. Here we have what their system considers to be a Triple Top:

tripletop
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