You will notice on the Anchor chart above on the left it is telling us we are looking for shorts so we would be looking for short entries off the chart on the right. At the time of breaking below the Super Trend Stop on the 4Range chart (chart on the right) our Anchor chart was telling us we are looking for shorts so this would be a valid Slinky short off the 4Range chart marked with the white arrow.
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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You will notice on the Anchor chart on the left it is telling us we are looking for longs and that the red line is in over bought which is still valid for our long entries off of the entry chart on the right.
$25 - After check out you have instant access to download the indicator
Gordon has programmed this NinjaTrader indicator and it is ONLY $25. This is so we can easily see if our the Slinky Anchor chart is in line to take our Slinky entry off our smaller framed entry chart. If you have been using a filter chart you have probably noticed it is sometimes difficult to tell if the Red line is in over bought or over sold. This indicator will do the work for you, it will tell you Long, Long ob, Short, Short os so it is much easier to see what entry direction we are looking for.
This set up is in the ebook package or many of you learned it by attending one of my Slinky Webinars. We use a Double Stochastic (as described in the ebook and Webinar Recordings on the Slinky) to filter out our Slinky entries.
Here is a short video that explains the indicator CLICK HERE TO VIEW
You will notice on the Anchor chart above on the left it is telling us we are looking for longs and that the red line is in over bought which is still valid for our long entries off of the entry chart on the right. We get a close above the Super Trend Stop on the 4Range entry chart and the Anchor is telling us Longs ob so we can take this buy off the 4Range chart.