Blind Mouse Strategy

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newark18
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Postby newark18 » Thu May 20, 2010 12:04 am

MO,

What do you think about this? Greens are my entries and reds are my exits. Only the last few are actual. The earlier ones are hypotheticals to get the point across. This is a combination of blind mouse and trading extremes.

Failure is an opportunity to learn.

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spa
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Postby spa » Thu May 20, 2010 11:00 am

4h chart with 12h CC .. fat cat spotted..next thing is a rat trade short from the 4h bar extreme...but... check out the 1h chart with all those wicks rejecting... enough to stir me away ;(
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MightyOne
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Postby MightyOne » Thu May 20, 2010 1:58 pm

An attempt was made to make the picture smaller :lol: I hope it floats your boat.


I am asked:

How did you know that price would do x and not do y?
:arrow: I didn't

How did you know to hold for x period of time?
:arrow: I committed to a longer term plan.

What if price came back to your average and you give back all that money!
:arrow: I don't care, exiting before x is not part of the plan.

I trade off of extremes and it never seems to work :(
:arrow: :roll:

Image

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MightyOne
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Postby MightyOne » Thu May 20, 2010 2:16 pm

Image

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MightyOne
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Postby MightyOne » Thu May 20, 2010 2:30 pm

Image

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spa
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Postby spa » Thu May 20, 2010 2:49 pm

MightyOne wrote:Image


small move up followed by larger move down; a pattern wich is repeating at a larger scale ... this is what i see.

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newark18
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Postby newark18 » Thu May 20, 2010 2:52 pm

MightyOne wrote:Image


MO,

That is so true. This is why I love this blind mouse strategy because it forces you to focus more on S&R lines. In my short experience with this, price action around S&R lines can help predict reversals and continuations.

In fact, I am going to use that in my signature.
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Postby newark18 » Thu May 20, 2010 2:55 pm

This may not be what you meant but I am finding that focusing on too many S&R lines (i.e., h3 candle and H9 candle extremes) are very dizzying. I am focusing first on H3 or H4 first.
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MightyOne
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Postby MightyOne » Thu May 20, 2010 2:58 pm

newark18 wrote:This may not be what you meant but I am finding that focusing on too many S&R lines (i.e., h3 candle and H9 candle extremes) are very dizzying. I am focusing first on H3 or H4 first.


You clean from the top shelf down.

Price moves to a daily+ extreme

Price closes over a line on a small TF

Price closes over a line on a larger TF

Price closes over a line on the daily TF

Price closes over a line on the holy sh_t TF

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Postby prochargedmopar » Thu May 20, 2010 3:37 pm

MightyOne wrote:An attempt was made to make the picture smaller :lol: I hope it floats your boat.


I am asked:

How did you know that price would do x and not do y?
:arrow: I didn't

How did you know to hold for x period of time?
:arrow: I committed to a longer term plan.

What if price came back to your average and you give back all that money!
:arrow: I don't care, exiting before x is not part of the plan.

I trade off of extremes and it never seems to work :(
:arrow: :roll:

Image


I LOVE this pic.
Mmmmmmmm, Spacial intelligence
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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