Blind Mouse Strategy

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dawido
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Postby dawido » Sun Feb 26, 2012 7:24 am

I am refering to one of first charts MO in this thread.
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dawido
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Postby dawido » Sun Feb 26, 2012 7:29 am

Thanks guys for help,
I see that I have something to read.

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newscalper
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Postby newscalper » Sun Feb 26, 2012 2:32 pm

Dawido, you have the same predicament I had for a while. I knew all the stuff but have seen so many different inteperpetation of lines even on here that my mind got in a fug. One thing I have also noticed is that zooming the chart out helps, don't look at it too close up.
What everyone has said is right - make your stop bigger if blind mouse is what you are doing and use space. Picking tops and bottoms will give big wins but is low probability. Follow where price is moving now and look at the nearest 'something'. Somethings that are further away become clearer on a higher timframe chart and a potential places to exit before the reversal on the larger chart but don't get into MTF looking for an entry, that leads to complete confusion and you will be waiting forever for a trade that may never happen and not having enough space when the opportunity comes anyway and then trying to take a big trade from a small entry with a tiny stop and getting stopped out. Trade the chart TF you are looking at now, then when you have larger space, move up to the larger chart.

Image

These are just my thoughts that I am still trying to implement. No master trader here..yet.

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Sylverayda
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Postby Sylverayda » Mon Feb 27, 2012 12:05 pm

Hello everybody,
I'm a newbie but i've been reading this thread for a while (I haven't finished yet) but i'd like to ask if that's ok:
1. Do i see a fat cat here?
2. I think it's gonna fall cause it fails to close above.

Am I right if not why?

Thanks
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Sylverayda
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Postby Sylverayda » Mon Feb 27, 2012 12:29 pm

It went down 30 minutes later

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arkan1976
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Postby arkan1976 » Mon Jul 16, 2012 10:36 am

Image

I have read a hundred times the thread and I'll see if I get it right.
In This trade saw a F & C and enter the closing of CCI . The price closed above the resistance and waited for a pullback.
I set my average below the Support .
Now I'm lossing ....
Should have closed this trade already?

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PebbleTrader
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Postby PebbleTrader » Mon Jul 16, 2012 11:26 am

Don't let price take out AV1.

We must learn to adapt to changing information.

Position adaptation is a process that allows a position to better "live" in the current market environment:

-ability not to be stopped out

-enhances the ability of surviving

-become more resilient (quickly being able to return to a previous size after some setback)

-increase flexibility (be more flexible and less stiff, for rigidity leads to breaking)

We want to ensure survivability given a market environment with a steady stream of unknowns.
Life is just a journey

arkan1976
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Postby arkan1976 » Mon Jul 16, 2012 11:58 am

Then, the second 1U is too near the first .... ?

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PebbleTrader
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Postby PebbleTrader » Mon Jul 16, 2012 12:02 pm

It does not matter how near or far.

Don't let price take out AV1.

Adapt to survive!

:)
Life is just a journey

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PebbleTrader
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Postby PebbleTrader » Mon Jul 16, 2012 12:05 pm

There is nothing wrong with hovering around B/E until you can get a foot hold...
Life is just a journey

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