Blind Mouse Strategy
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Belkin wrote:I've also been practicing this system.. Lets revive this topic.
Ill post the trade i am in now
I'll be back in Sept. to talk trading both day and night.
To call it a "system" is to fail before you even start.
I have ideas, ideas that ask a question, questions that are answered by action, actions that are more artistic than systematic.
Good to hear you'll be back.
I picked the wrong word. I meant by saying "system" that i trade this "aproach" or "idea"
can wait for you return.. I have grown a lot and want to see if i am doing as well as i think.
I picked the wrong word. I meant by saying "system" that i trade this "aproach" or "idea"
can wait for you return.. I have grown a lot and want to see if i am doing as well as i think.
MightyOne wrote:Belkin wrote:I've also been practicing this system.. Lets revive this topic.
Ill post the trade i am in now
I'll be back in Sept. to talk trading both day and night.
To call it a "system" is to fail before you even start.
I have ideas, ideas that ask a question, questions that are answered by action, actions that are more artistic than systematic.
He said once he doesnt care about sessions or anything.
He is just probably enjoying his sextillions on a well deserved vacation.
He is just probably enjoying his sextillions on a well deserved vacation.
Manta wrote:MightyOne wrote: I'll be back in Sept. to talk trading both day and night.
To call it a "system" is to fail before you even start.
I have ideas, ideas that ask a question, questions that are answered by action, actions that are more artistic than systematic.
Why in September? Do you use seasonals in trading?
I mean seasonal tendencies...
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Hello fellow kresliker'z!
Here we go lol
My interpretation of the the last few days on the EUR/USD.
1: Price closes above something
2: Look for entry at extremes
1: Price closes above something
2: Price reaches and fails to close below "extreme", i enter long
I have been making plays like this for a while now, and i see good progress.
Thanks to all who contribute to this forum. Please feel free to comment!
Here we go lol
My interpretation of the the last few days on the EUR/USD.
1: Price closes above something
2: Look for entry at extremes
1: Price closes above something
2: Price reaches and fails to close below "extreme", i enter long
I have been making plays like this for a while now, and i see good progress.
Thanks to all who contribute to this forum. Please feel free to comment!
Who can help me with Blind Mouse Strategy?
This is my trade which I have made yesterday.
Price closed below a line which I believed to be a S&R.
Does it mean that price should go down?
For sure I do NOT see something.
My questions
Below what price should close? Only one candle has to close below?
Or we have to wait and observe what will do the second candle?
Thanking in advance,
Dawid
This is my trade which I have made yesterday.
Price closed below a line which I believed to be a S&R.
Does it mean that price should go down?
For sure I do NOT see something.
My questions
Below what price should close? Only one candle has to close below?
Or we have to wait and observe what will do the second candle?
Thanking in advance,
Dawid
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Hi Dawido,
First of all, let me say that I don't exactly trade this way, but I'll share my thoughts on your chart and hope it helps.....
First thing, I would say is that your SL is too low, I would put it beyond the wicks where you have the weekly high line (not to say that I would exit there) but that is where I would put my SL and adjust my risk(position size) based on that line. This is important in order to take the fear out of your trades. I think with your SL where it is and not adjusting risk, you would be fearful of all your trades, which results in jumping out of trades early and/or being scared of entering any trades in the future after a loss. Hope that makes sense.
Next, I'm not sure why your line is where it is, but in fact it doesn't matter so much....In my opinion, entering after the close below your line is not wrong, but once price closes back ABOVE your line, you should rethink your position. I think MO calls this the IF/THEN line. If price closes back over this line, then rethink your position, which for me means get out. (This is what I meant by not necessarily exiting at the SL)
Next, don't let a loss prevent you from entering again if price closes over another line. This for me, is another reason why it is important to keep losses small, so it doesn't put me into paralysis when the next entry opportunity presents itself.
Again, this may not be the answer you were looking for, but I hope it helps.
First of all, let me say that I don't exactly trade this way, but I'll share my thoughts on your chart and hope it helps.....
First thing, I would say is that your SL is too low, I would put it beyond the wicks where you have the weekly high line (not to say that I would exit there) but that is where I would put my SL and adjust my risk(position size) based on that line. This is important in order to take the fear out of your trades. I think with your SL where it is and not adjusting risk, you would be fearful of all your trades, which results in jumping out of trades early and/or being scared of entering any trades in the future after a loss. Hope that makes sense.
Next, I'm not sure why your line is where it is, but in fact it doesn't matter so much....In my opinion, entering after the close below your line is not wrong, but once price closes back ABOVE your line, you should rethink your position. I think MO calls this the IF/THEN line. If price closes back over this line, then rethink your position, which for me means get out. (This is what I meant by not necessarily exiting at the SL)
Next, don't let a loss prevent you from entering again if price closes over another line. This for me, is another reason why it is important to keep losses small, so it doesn't put me into paralysis when the next entry opportunity presents itself.
Again, this may not be the answer you were looking for, but I hope it helps.
Hey Dawido, if that line is the weekly high on a 15 min time frame then price was in a positive range expansion on the daily hourly etc etc as in you sold against an uptrend? Price was closing higher than something. That is what I see. Pic looks rangey up to near your entry until range started expanding in the positive direction.
Space is a shield, leverage a sword, and management of the two is the skill of the warrior (and trading IS war). You know who:)
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