Blind Mouse Strategy
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- newscalper
- rank: 1000+ posts
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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.
These are just my thoughts that I am still trying to implement. No master trader here..yet.
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.
These are just my thoughts that I am still trying to implement. No master trader here..yet.
- Sylverayda
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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
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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- PebbleTrader
- rank: 1000+ posts
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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.
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
- PebbleTrader
- rank: 1000+ posts
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- Joined: Fri Nov 12, 2010 2:15 am
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- PebbleTrader
- rank: 1000+ posts
- Posts: 1633
- Joined: Fri Nov 12, 2010 2:15 am
- Reputation: 15
- Gender:
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