Blind Mouse Strategy
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MightyOne wrote:
Hi MO
Just wanted to thank you for the chart you posted at the weekend
This post alone has helped me grab approx...287 pips..
I still have alot to learn with regards the adding in,and my issues are
similar to that of newarks on the previous page...
Hope to study the scaling in and really master the timing of getting
back on board after a retracement.
Also MO,thanks for the reply on placement of C/C startline near the highest close if wanting to short...Just wanted to know is the opposite true
for wanting to go long??...i.e startline near the lowest close to extreme
be it daily,weekly,monthly??
Thanks also to bredin for his advice and for his cc lite and especially the d+extreme indy....
lazygeorge wrote:MightyOne wrote:
Hi MO
Just wanted to thank you for the chart you posted at the weekend
This post alone has helped me grab approx...287 pips..
I still have alot to learn with regards the adding in,and my issues are
similar to that of newarks on the previous page...
Hope to study the scaling in and really master the timing of getting
back on board after a retracement.
Also MO,thanks for the reply on placement of C/C startline near the highest close if wanting to short...Just wanted to know is the opposite true
for wanting to go long??...i.e startline near the lowest close to extreme
be it daily,weekly,monthly??
Thanks also to bredin for his advice and for his cc lite and especially the d+extreme indy....
It seems so easy seeing that way isn't it, i don't understand
why people still struggle because they need 10000 trades per day,
when you look this kind of chart you realize that little skill
is needed to take big pips, thanks for this post George, i wasn't saw
this MO chart till today
These are my principles. If you don't like them, I have others.
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- bredin
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In the first few posts MO said he was teaching us PATIENCE.
G.
G.
Welcome to the era of "Guns and Maskies" Trading!
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- Jalarupa
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The penny dropped for me when MO said that we should be entering like this and scaling in and having the humility to give it all back if price hits out Average... It reminded me of the NLA quote where he said (and I'm paraphrasing) "Enter with the goal to exit on breakeven, and then a funny thing will start to happen... You will begin winning"
This method is the most epic way to trade the markets, I just wish I had the time to trade all day... unfortunately I don't at the moment... But all I need is $10 000 in my account and I'll quit my job and make trading my bread and butter business... I figure when I get my current account to $10 000 I would be skilled enough to make 4-15% a day... I just keen seeing winner after winner... Daily+X FTW!!!
This method is the most epic way to trade the markets, I just wish I had the time to trade all day... unfortunately I don't at the moment... But all I need is $10 000 in my account and I'll quit my job and make trading my bread and butter business... I figure when I get my current account to $10 000 I would be skilled enough to make 4-15% a day... I just keen seeing winner after winner... Daily+X FTW!!!
- prochargedmopar
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lukx wrote:and this ?
Close over a line?
Do you really think that price will make a daily extreme and the mouse will not come back to at least take a "Sniff" of the few crumbs of cheese that are left behind???
ENTER ON STOPS, EXIT ON EXTREMES
My conclusion to this point is 90% emotions, 5% entry, 5% exit.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- Jalarupa
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prochargedmopar wrote:lukx wrote:and this ?
Close over a line?
Do you really think that price will make a daily extreme and the mouse will not come back to at least take a "Sniff" of the few crumbs of cheese that are left behind???
ENTER ON STOPS, EXIT ON EXTREMES
My conclusion to this point is 90% emotions, 5% entry, 5% exit.
Plus it never helps trading into the D1 Zline (gotta watch the big picture) - Unless you take the traders out at ZERO PROFIT. That long trade was good for 40 pips if you took it to the extreme like Pro says... Then enter the vortex as D1 Breakout traders get zeroed
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