Hey, Fibonacci fans! I’ve got good news. We have added the ability to change individual COLORS on whatever retracement levels you like. I know this sounds trivial, but when you get serious about these things (as I have done recently), it’s truly useful.(more…)
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.
My approach to trading is verystraightforward. I mostly focus on Trendlines, Exponential Moving Averages, Candlestick patterns, and Fibonacci Retracement Levels. There are a lot of other technical trading tools out there, but I find that some are overly complex for my mind and/or designed more for the extreme analytical minded-traders, so I stay away from those and just use what works for me. I wanted to write specifically about Fibonacci levels as they can be a useful tool in identifying some interesting spots to watch in your trades.(more…)
By way of layered charts, I have created below an overlay of the Internet bubble from 1999-2001 (blue line) as well as the horribly-managed laughingstock, Cathie Wood’s “Innovation” fund. Let’s just say they have similar paths, in spite of being separated by two decades. I suspect much lower prices are forthcoming.
This is only relevant for Platinum members, since they have exclusive access to it, but I wanted everyone to know, especially those toying with the idea of a premium membership.
The Economic Database portion of SlopeCharts is one of my favorite features, but it’s also one I have found frustrating for a few reasons:
- I kept being presented with data series that had been discontinued long ago and were therefore no longer useful (keep in mind, there are literally HUNDREDS OF THOUSANDS of charts available);
- There was no control over granularity so that, for instance, if I really wanted finely-grained daily data, I had no interest in, let’s say, yearly or quarterly data, but I had to hack through it anyway;
- I didn’t have a way to tease out long-term data, which is always my favorite;
- When I made a selection, I had to close the dialog box and see if the graph was useful to me. If I wanted a different graph, I’d have to go through the entire process again with the dialog box of hacking my way through different dropdowns.
We have addressed every one of these problems.(more…)