Blind Mouse Strategy

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MightyOne
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Postby MightyOne » Sun May 23, 2010 6:58 am

es/pip wrote:
es/pip wrote:MO,

1. are you trading this way all the time, or only on the way to the cash zone for a target?

-- if all the time what tells you to close the trade if you do not have a target in mind--- extremes?

2. when you get position 1 on and then add to create an average, is your stop at your average price?---- ie BE


if i understand correctly

it all starts with price closing above and then below a line----- this forms the s/r--- fat cat or whatever

then you rat in for the first one and then it is all about placing your averages for the add ons.


the only thing that has me a little bit---- is if you do not have a cash zone target---- then when are you looking to close it ?


b= close below
a= close above


Image





Only you can answer that.

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Humble
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Postby Humble » Sun May 23, 2010 7:47 am

Bit out of my league.

I do hold the view from my younger days that if you keep drinking there is a limit as to how drunk you can get/stay. Like if you have an all night session you are nowhere near as drunk when the sun comes up as you were at midnight.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

spa
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Postby spa » Sun May 23, 2010 9:18 am

took the liberty of modifying BLUBB'S CUSTOM CANDLE so that we can have 2 indicators at the same time on the chart...see the chart
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Braathen
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Postby Braathen » Sun May 23, 2010 12:50 pm

"Man, I'm such a loser."

Never never say this again to yourself man. Head high... by the looks of your post i really do feel i know where u are. You ever seen the back of a 20 dollar bill on weed? aint much diffrent is it...
(sorry for major off topic)
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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newark18
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Postby newark18 » Sun May 23, 2010 1:16 pm

es/pip wrote:
newark18 wrote:ok fellas, going to bed right now. Gotta care for the rugrats tomorrow. But I'll in check in as soon as i wake up as I do every morning. Man, I'm such a loser.

If I am too high to fall asleep, I'll see you later tonight! And I might be after I just took a hit hoping that I could get higher. I very well might be higher except I don't know for sure because my short term memory right now is 5 seconds long.

I think I should stop talking now....


food for thought

so do you ever really get higher, or just think that you do ?

i know you can drink more and get drunker

but i have never been able to smoke more and get higher

some say they can smoke more and get higher

i have yet to see it actually happen

one time i thought i did, but then wasn't sure later on

the red cat ran around the red house

the blue dog is no longer a blue dog

the green monster ate green beans

the yellow fish swam in the yellow pond





i have a feeling you will re-read this post many many times



:D


That wasn't a very nice thing to do. With all the colored animals that have meaning here (i.e., green and red rat), I tried to figure out a trading strategy with what you said.
Failure is an opportunity to learn.

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newark18
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Postby newark18 » Sun May 23, 2010 1:18 pm

Braathen wrote:"Man, I'm such a loser."

Never never say this again to yourself man. Head high... by the looks of your post i really do feel i know where u are. You ever seen the back of a 20 dollar bill on weed? aint much diffrent is it...
(sorry for major off topic)


I always try to keep my "head high"! :D
Failure is an opportunity to learn.

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newark18
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Postby newark18 » Sun May 23, 2010 1:32 pm

MightyOne wrote:
newark18 wrote:
MightyOne wrote:Price closes over a line...
price doesn't close over a line :shock:

Lets look at this another way:





Image


Now I am a bit confused. I have been using extremes as S&R lines but you use bodies here.


You didn't get the memo?

we use both...

Bodies in the direction of profit, wicks in the direction of loss.


ahhh, I think I know what you mean now. Use wicks to determine reversals and bodies to predict continuations.
Failure is an opportunity to learn.

aliassmith
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Postby aliassmith » Sun May 23, 2010 2:31 pm

OOPS I DID EUR/USD instead of EUR/JPY :(
es/pip wrote:
es/pip wrote:MO,

1. are you trading this way all the time, or only on the way to the cash zone for a target?

-- if all the time what tells you to close the trade if you do not have a target in mind--- extremes?

2. when you get position 1 on and then add to create an average, is your stop at your average price?---- ie BE


if i understand correctly

it all starts with price closing above and then below a line----- this forms the s/r--- fat cat or whatever

then you rat in for the first one and then it is all about placing your averages for the add ons.


the only thing that has me a little bit---- is if you do not have a cash zone target---- then when are you looking to close it ?


b= close below
a= close above


Image


MightyOne probably responded as he did because it would depend on your
"loss cushion". It would also depend on how someone gets in, such as my
pic. EDIT: forgot to add that it was a 50% return 1:11 R:R
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prochargedmopar
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Postby prochargedmopar » Sun May 23, 2010 2:49 pm

Maybe.

Image
#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

aliassmith
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Postby aliassmith » Sun May 23, 2010 3:23 pm

MightyOne wrote:
es/pip wrote:
es/pip wrote:MO,

1. are you trading this way all the time, or only on the way to the cash zone for a target?

-- if all the time what tells you to close the trade if you do not have a target in mind--- extremes?

2. when you get position 1 on and then add to create an average, is your stop at your average price?---- ie BE


if i understand correctly

it all starts with price closing above and then below a line----- this forms the s/r--- fat cat or whatever

then you rat in for the first one and then it is all about placing your averages for the add ons.


the only thing that has me a little bit---- is if you do not have a cash zone target---- then when are you looking to close it ?


b= close below
a= close above


Image





Only you can answer that.


OK EUR/JPY Chart
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