Blind Mouse Strategy

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arkan1976
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Postby arkan1976 » Mon Jul 16, 2012 12:13 pm

thanks pebbletrader.
I close this trade.
Is very fustrating to see i was winning 75 pips ( X1 ) and I finish lossing 25 pips (X2)...
I´ll wait the next setup.

Thanks .

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arkan1976
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Postby arkan1976 » Mon Jul 16, 2012 1:07 pm

New trade

Image

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MightyOne
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Postby MightyOne » Mon Jul 16, 2012 2:48 pm

I cannot stress this enough:

It is critical to your success that your initial lot size is AT LEAST 3 lots &, when you can afford it, 5 lots min.

You also need to "oversize" your space when trading counter trend; your position would be at the low extreme with 5 lots but you oversize with 3 lots for the counter trend for 66% more space.

Try adding lots when you see "something" on the next higher TF chart...

arkan1976
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Postby arkan1976 » Mon Jul 16, 2012 4:05 pm

ok, I understand.
I use 5 lots and 90 pips of space.
In EURJPY i start in H3. I´ll try add lots when the prices closes above the 4h resistance and i´ll set my average below the resistance ( now will be support ).

Thanks MO.

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Jalarupa
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Postby Jalarupa » Mon Jul 16, 2012 5:59 pm

Raul, there is nothing wrong with your analysis, you are seeing the right stuff!

You just need to do like MO says and wait for the signal on a larger time frame, like a Daily chart in order to look at adding more, and then ensure that your Line in the sand stays under support...

Remember you are building a position that will take your account to huge amounts once it starts to get big enough over time...
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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arkan1976
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Postby arkan1976 » Mon Jul 16, 2012 9:04 pm

Hello Bernard! I'm glad to see you!

I'll try that, go into H3 (F & C) and then happen to TF's highs.
Specifically I will do this:
I'm going to check resistance in D1 and execute the orders in H12, if H12 closes over / below "something". or should draw resistance in D1 and still run the orders in H3?

Thanks for the help.

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Jalarupa
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Postby Jalarupa » Tue Jul 17, 2012 2:28 am

Okay... let's look at H3 first...

Image

But before this, you need a reason to go long...

Image

Now what would price have to close over before I would personally like to add more...?

Image

arkan1976
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Postby arkan1976 » Tue Jul 17, 2012 10:28 am

buff thankyou very much.
with your charts I understand very well.
The idea is make a good space for go to big charts.
Is fantastic.
Then if the price in D3 close above the LIS add more lots, always the average must be below the LIS, sure ?

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Postby arkan1976 » Tue Jul 17, 2012 3:51 pm

Image

What would be the correct ?
close now and resize the space, wait a close H12 below the support ?


Image

arkan1976
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Postby arkan1976 » Tue Jul 17, 2012 8:14 pm

after the shock, I'm in!
great advice Jalarupa!! Thanks!


Image

and looks very good

Image

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