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.
Blind Mouse Strategy
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An attempt was made to make the picture smaller I hope it floats your boat.
I am asked:
How did you know that price would do x and not do y?
I didn't
How did you know to hold for x period of time?
I committed to a longer term plan.
What if price came back to your average and you give back all that money!
I don't care, exiting before x is not part of the plan.
I trade off of extremes and it never seems to work
I am asked:
How did you know that price would do x and not do y?
I didn't
How did you know to hold for x period of time?
I committed to a longer term plan.
What if price came back to your average and you give back all that money!
I don't care, exiting before x is not part of the plan.
I trade off of extremes and it never seems to work
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- newark18
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MightyOne wrote:
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.
Failure is an opportunity to learn.
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
- prochargedmopar
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MightyOne wrote:An attempt was made to make the picture smaller I hope it floats your boat.
I am asked:
How did you know that price would do x and not do y?
I didn't
How did you know to hold for x period of time?
I committed to a longer term plan.
What if price came back to your average and you give back all that money!
I don't care, exiting before x is not part of the plan.
I trade off of extremes and it never seems to work
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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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