Blind Mouse Strategy

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Jalarupa
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Postby Jalarupa » Wed Jul 18, 2012 3:00 am

If anyone is interested I recommended to wait and see if the H1 can close above the weekly open (1.2239), which it did... ;)

Well done Arkan for holding on

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arkan1976
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Postby arkan1976 » Wed Jul 18, 2012 11:25 am

this is what I would like to happen, obviously not going well the thing ....

Image

i want to do a question.
if the price cross above the point A, and add 14 lots my average is below point B.
Then, when to do you interpret it is going wrong , When the price closes below point A or point B? what support is More Important for you, A or B?

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MightyOne
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Postby MightyOne » Thu Jul 19, 2012 3:36 am

Probably point A because I would not want price to go near point B; I never want price to touch my average let alone surpass it.

If you do decide to move your average to point B then it is an all or nothing deal as there is not much that you can do to protect yourself from an adverse price move.

I'll make a kamikazi move like that if I feel that:
a) the expectation is a further price decline
b) point A makes perfect false resistance
All that you have to do is a quick Google search or read the forums
to find out what people are thinking and then factor it into your strategy.

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PebbleTrader
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Postby PebbleTrader » Thu Jul 19, 2012 10:29 am

It's like a base jumper.

Once you decide to take ACTION and do so...launch (run off a cliff)...Your body is no longer in contact with the ground and you are in free fall.

It's the point of no return, returning to the same level (the launch point altitude) is not possible.

The only thing that you know is that you will land and touch down at a new level at some point in the future...

AV is like that, you better be strategic before you jump :)
Life is just a journey

arkan1976
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Postby arkan1976 » Mon Jul 30, 2012 11:23 am

Hello, this is tmy currently trade.
I´m waiting, if the price closes below "something" in daily.
i´m right ?

any comments would be very grateful.

The entry, the reason is that in daily chart, the price closes below something, what makes me think of going short, and I see a fat cat in H3.
Image

and this would be my plan for add lots.
Image

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MightyOne
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Postby MightyOne » Mon Jul 30, 2012 5:21 pm

Forget about entries, all that you are doing is moving your 'position' on the chart from one extreme to another.

If you were to place a sell stop on the prev. low extreme to double your position (not that you would) then your position would be at the current bars high extreme.

That said, you only need the pointy place of a high TF extreme!

Start with small charts and build a position that you can hold on
the larger charts.

arkan1976
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Postby arkan1976 » Mon Jul 30, 2012 7:49 pm

I think I understood, the important thing is to have my position (average) above the "ZL, Dragon Line, LIS ..." and as the price goes down, the same but big charts. Then I can put my entries where I want!! always respecting the previous rule.
is correct ?
Thanks.

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MightyOne
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Postby MightyOne » Mon Jul 30, 2012 7:52 pm

Yep.

arkan1976
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Postby arkan1976 » Wed Aug 01, 2012 10:42 pm

hello, this is my current trade.
Now my biggest problems come : To Add lots ...
I marked with a pink line my LIS. That is a Daily support has been broken.

would correct this way to add lots ?
Or I must add lots now, because my average is over the LIS ?

thanks.

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arkan1976
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Postby arkan1976 » Wed Aug 01, 2012 11:10 pm

Or would be more correct to wait a new F&C below the lis and add lots 5/8 ?

Image

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