Blind Mouse Strategy

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es/pip
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Postby es/pip » Sun May 16, 2010 10:51 pm

tmanbone wrote:
MightyOne wrote:Ok, I am done being cute.

When I am trading it just looks like this:

1. Trade off of the Daily+ High/low

2. Take a trade with custom candle color (CCC)

3. Did price cross S&R?

4. Place an average beyond S&R.

It doesn't matter where price is right now, if the average can rest over the S&R I will take an entry.

5. The moment I want to exit I will liquidate at the small TF extreme (which will also be the high TF extreme).

6. If you are long and the highest price after your entry is not a daily+ extreme then read through this list again.

Careful that price doesn't go anywhere near your average after doubling your position :wink:


Image


This is what I'm referring to. When MO says average in beyond S/R, in a short example, it looks to me like he means beyond = below.



yes

it is impossible to short above where you want to put your avg based on s/r

you short below s/r to put your avg above it


its impossible any other way



for a long

you buy above s/r to put your avg below it
Bend over and assume the position for another 4 years of hope and change.

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tmanbone
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Postby tmanbone » Sun May 16, 2010 11:09 pm

es/pip wrote:
tmanbone wrote:
MightyOne wrote:Ok, I am done being cute.

When I am trading it just looks like this:

1. Trade off of the Daily+ High/low

2. Take a trade with custom candle color (CCC)

3. Did price cross S&R?

4. Place an average beyond S&R.

It doesn't matter where price is right now, if the average can rest over the S&R I will take an entry.

5. The moment I want to exit I will liquidate at the small TF extreme (which will also be the high TF extreme).

6. If you are long and the highest price after your entry is not a daily+ extreme then read through this list again.

Careful that price doesn't go anywhere near your average after doubling your position :wink:


Image


This is what I'm referring to. When MO says average in beyond S/R, in a short example, it looks to me like he means beyond = below.



yes

it is impossible to short above where you want to put your avg based on s/r

you short below s/r to put your avg above it


its impossible any other way



for a long

you buy above s/r to put your avg below it


Thanks for pointing out what I was missing. I wasn't paying attention to the unlabeled green dotted and dashed lines. I was focused on the 1u lines, the first as entry and the second as another and so forth. Cheers,
"The simplicity of the markets is it's greatest disguise"

T

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newark18
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Postby newark18 » Mon May 17, 2010 12:28 am

Commentary: Gained 58 pips on initial entry. Tried to set average and played it too close to S&R line and got stopped out. I need to set average much further away than what I have been doing. I think it partly had to do with the S&R line 2, which I believe was mis-drawn.

Image
Last edited by newark18 on Mon May 17, 2010 4:36 am, edited 4 times in total.
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Postby newark18 » Mon May 17, 2010 12:38 am

Edit: I don't think I should post trade that I think I would have taken.
Last edited by newark18 on Mon May 17, 2010 2:46 am, edited 1 time in total.
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newark18
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Postby newark18 » Mon May 17, 2010 1:32 am

Price came back to my 2U average and stopped me out. Me = very much a work-in-progress.
Failure is an opportunity to learn.

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bredin
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Postby bredin » Mon May 17, 2010 1:46 am

I tried to trade up from the GU D1 low- I think theres some MN Support about there, and got ran over.... 2 bucks down for the week with this method :)

edit: looking like Ive got another chance to step in front of the GU bus.... or catch a massive ride- we'll see in about an hour I guess...

G.
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Postby Brookmyre » Mon May 17, 2010 4:59 am

Bredin, seeing as your following the AJ, can you tell me am I right in thinking that there's FCSR just formed at the bottom there on the 15 min?

Image

So the close over after the close under has formed a zline....?
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bredin
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Postby bredin » Mon May 17, 2010 5:13 am

Brookmyre wrote:Bredin, seeing as your following the AJ, can you tell me am I right in thinking that there's FCSR just formed at the bottom there on the 15 min?

Image

So the close over after the close under has formed a zline....?
As I understand it, YES that is FCSR on that chart you have extreme-close under-close over, assuming that H1 candle closes above the extreme...

G.
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Postby Brookmyre » Mon May 17, 2010 5:23 am

It did....Cheers :)
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Postby bredin » Mon May 17, 2010 5:47 am

Im laughing at the couple of hundred pips I could have had on EJ today, if Id traded the way I usually do, instead Im down a couple of hundred trying to get these entries/stops right :lol:

GU stopped out by about 5 pips, hasnt been near there since :)
EJ bouncing between S+R, and looking like its toying with me...

at least the rule i imposed about 10c pips is doing its job....

I'll post images of the road crash later...

G.
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