Blind Mouse Strategy

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TygerKrane
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Postby TygerKrane » Mon May 17, 2010 11:28 am

:idea: TheRumpledOne :idea: wrote:3. Have to define, precisely, what S&R is.

4. Have to define, precisely, what average is.

Each step must be precisely defined.


I must say, I don't agree with the average price calculations that I've seen thus far:

My Response
4. Average =
    { (original #lots purchased * original price) '+' (2nd #lots purchased * 2nd price)}
    / total #of lots purchased

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bredin
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Postby bredin » Mon May 17, 2010 11:32 am

adaseb wrote:Man. I am totally lost, I have no idea how to trade this.

Got some Q's


1) What do the !!! mean ?

2) We find an extreme line with proceeding candles that close above and under, with those candles we draw those dashed white lines to mark the new low/high extremes?

3) The way we trade this is when we see the FAT CAT S/R get wicked or candles close below/above the low/high dashed white lines?


1> I believe (and may be badly wrong) from context that !!! is the first candle that closes across FCSR and gives a trading direction: dont quote me on this. at this stage :)

edit: I meant to say "the first candle that closes across FCSR and gives a trading direction that is not a candle that defines FCSR"

2> Those are S&R lines, trades are taken from D1/W1/MN extremes

3> According to MO:
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.

G.
Last edited by bredin on Mon May 17, 2010 11:41 am, edited 1 time in total.
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adaseb
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Postby adaseb » Mon May 17, 2010 11:36 am

bredin wrote:
adaseb wrote:Man. I am totally lost, I have no idea how to trade this.

Got some Q's


1) What do the !!! mean ?

2) We find an extreme line with proceeding candles that close above and under, with those candles we draw those dashed white lines to mark the new low/high extremes?

3) The way we trade this is when we see the FAT CAT S/R get wicked or candles close below/above the low/high dashed white lines?


1> I believe (and may be badly wrong) from context that !!! is the first candle that closes across FCSR and gives a trading direction: dont quote me on this. at this stage :)

2> Those are S&R lines, trades are taken from D1/W1/MN extremes

3> According to MO:
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.

G.


ok thx

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TygerKrane
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A Good problem to have

Postby TygerKrane » Mon May 17, 2010 11:48 am

I guess it's time now, that I really get down to studying Averaging, and how to Add to Positions.

Have no idea, what is the decent place for the stop (most important), how much I should be willing to give back, should I just close out partially if price goes back down, so I can lock in more of my long gain. Let's also consider that I have to take 2 hours away from looking at charts, as I have to get myself to work and handle the first business of the day as I arrive there first...

But I PROMISE, I will study these aspects more after this. :!:


NOTE: I didn't mean to purchase at BOTH 113.75 & 114.08 I only wanted ONE additional lot); 113.75 got triggered first, and before I could cancel the 114.08, it got triggered as well.


Image

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bredin
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Postby bredin » Mon May 17, 2010 8:46 pm

Tyger, I hope you managed to bank some profit from that seeing as EJ plummeted while I was asleep, almost back to our original entries, certainly well below your 3U average.

perhaps (by inference when MO says not to let price go anywhere near you average) that the average is the stop?? but he also says never move a stop.... but if you dont move it risk gets wildly out of control, doesnt it?

when I look at this chart:
Image
Image
Image

i see no reason to add a position anywhere near where we added....

I think that adding positions is better done on higher tfs than the entry...

any other opinions?

G.
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Postby es/pip » Mon May 17, 2010 9:58 pm

TygerKrane wrote:
:idea: TheRumpledOne :idea: wrote:3. Have to define, precisely, what S&R is.

4. Have to define, precisely, what average is.

Each step must be precisely defined.


I must say, I don't agree with the average price calculations that I've seen thus far:

My Response
4. Average =
    { (original #lots purchased * original price) '+' (2nd #lots purchased * 2nd price)}
    / total #of lots purchased


yeah you are correct

i was just assuming you were doubling in
Bend over and assume the position for another 4 years of hope and change.

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es/pip
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Postby es/pip » Mon May 17, 2010 10:01 pm

es/pip wrote:
TygerKrane wrote:
:idea: TheRumpledOne :idea: wrote:3. Have to define, precisely, what S&R is.

4. Have to define, precisely, what average is.

Each step must be precisely defined.


I must say, I don't agree with the average price calculations that I've seen thus far:

My Response
4. Average =
    { (original #lots purchased * original price) '+' (2nd #lots purchased * 2nd price)}
    / total #of lots purchased


yeah you are correct

i was just assuming you were doubling in



lol i am not even sure what i said to begin with, i will have to go back and read what i wrote
Bend over and assume the position for another 4 years of hope and change.

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newark18
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Postby newark18 » Tue May 18, 2010 11:15 am

My CC indicator is on the fritz but see if you can imagine the CCs. Can someone tell me if this is the right fat cat and right entry?

Image

Image
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TheRumpledOne
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Postby TheRumpledOne » Tue May 18, 2010 11:51 am

Can everyone make sure the charts they post are not WIDER than the display area so we don't have to scroll right/left?

800 x 800 pixels fits.

Thanking you in advance for your cooperation.
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spa
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Postby spa » Tue May 18, 2010 12:31 pm

newark18 wrote:My CC indicator is on the fritz but see if you can imagine the CCs. Can someone tell me if this is the right fat cat and right entry?

Image

Image

although i looked at the EU chart from different points of view i haven't spotted anything on it...
here is the EJ chart and my view after the fact....

and happy birthday BTW :D
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ej att.gif
ej att.gif (15.8 KiB) Viewed 1697 times

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