Blind Mouse Strategy

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JESGPY
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Postby JESGPY » Wed Jun 02, 2010 1:09 pm

MightyOne wrote:
Humble wrote:So we could look at the daily and the 1hr with a 3hr custom candle indi on it?


that is correct.

a 3 hour CC satisfies the rule of moving parts for the daily candle.

In my opinion, combining 3 candles is the ideal CC; 2, 4, or more just doesn't cut it.


MO
May I ask the reason for considering 3 candles condinations ideal?

JUAN

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Postby JESGPY » Wed Jun 02, 2010 2:36 pm

MO. or some who has grasped this concept.

Is this chart correct?

Image

Thanks

JUAN

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MightyOne
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Postby MightyOne » Wed Jun 02, 2010 2:51 pm

JESGPY wrote:
MightyOne wrote:
Humble wrote:So we could look at the daily and the 1hr with a 3hr custom candle indi on it?


that is correct.

a 3 hour CC satisfies the rule of moving parts for the daily candle.

In my opinion, combining 3 candles is the ideal CC; 2, 4, or more just doesn't cut it.


MO
May I ask the reason for considering 3 candles condinations ideal?

JUAN


Three candles captures the longest series of same colored candles while at the same time giving the earliest and most reliable reversal signals.

spa
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Postby spa » Wed Jun 02, 2010 2:52 pm

JESGPY wrote:MO. or some who has grasped this concept.

Is this chart correct?

Image

Thanks

JUAN

my 1h chart, CC is 3h and the white lines represent the CC extreme(fat cat) .. the starting point of the CC is different for each white line(use your imagination to shift it)

looking for the CC extreme, wait for the next CC to close beyond extreme and a failure to continue on the 2nd CC...hope that makes sense
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gfg1
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Postby gfg1 » Wed Jun 02, 2010 3:03 pm

spa, thanks for the refresher, makes plenty of sense. Also, TY MO for your patience with this.

spa wrote:
JESGPY wrote:MO. or some who has grasped this concept.

Is this chart correct?

Image

Thanks

JUAN

my 1h chart, CC is 3h and the white lines represent the CC extreme(fat cat) .. the starting point of the CC is different for each white line(use your imagination to shift it)

looking for the CC extreme, wait for the next CC to close beyond extreme and a failure to continue on the 2nd CC...hope that makes sense
Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO

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Postby newark18 » Wed Jun 02, 2010 3:06 pm

I am missing something about my trading strategy. I don't what it is yet but I am very inconsistent. I can catch big moves sometimes but I also get stopped out a lot. So I am trying to choose between a lower SL or a much bigger one. Very frustrating to say the least.
Failure is an opportunity to learn.

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MightyOne
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Postby MightyOne » Wed Jun 02, 2010 3:08 pm

spa wrote:
JESGPY wrote:MO. or some who has grasped this concept.

Is this chart correct?

Image

Thanks

JUAN

my 1h chart, CC is 3h and the white lines represent the CC extreme(fat cat) .. the starting point of the CC is different for each white line(use your imagination to shift it)

looking for the CC extreme, wait for the next CC to close beyond extreme and a failure to continue on the 2nd CC...hope that makes sense





Image

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MightyOne
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Postby MightyOne » Wed Jun 02, 2010 3:19 pm

newark18 wrote:I am missing something about my trading strategy. I don't what it is yet but I am very inconsistent. I can catch big moves sometimes but I also get stopped out a lot. So I am trying to choose between a lower SL or a much bigger one. Very frustrating to say the least.


If you scale in then you do not need a stop loss.

I could have 92% losses, not use a SL, and still make a fat profit.

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pablo101
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Postby pablo101 » Wed Jun 02, 2010 3:23 pm

MightyOne wrote:Image


[s]Hi MO, is you AVRG calculation the halfway mark of that orange CC?[/s]

EDIT: NVM, I got it :([hr]
Last edited by pablo101 on Wed Jun 02, 2010 5:33 pm, edited 1 time in total.

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Postby flinux » Wed Jun 02, 2010 3:43 pm

spa wrote:
JESGPY wrote:MO. or some who has grasped this concept.

Is this chart correct?

Image

Thanks

JUAN

my 1h chart, CC is 3h and the white lines represent the CC extreme(fat cat) .. the starting point of the CC is different for each white line(use your imagination to shift it)

looking for the CC extreme, wait for the next CC to close beyond extreme and a failure to continue on the 2nd CC...hope that makes sense



Perfect explanation!!!

Image

I'm trying -Blind Mouse Strategy- on M15 (M45).
Thank you spa.
Thank you MO.
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