Blind Mouse Strategy

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spa
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Postby spa » Wed Jun 16, 2010 6:16 am

newark18 wrote:The red H8 CC was finished and provided confirmation of blind mouse. I am using D1 extremes as S&R lines. Daily candle closed above previous daily extreme and H8 CC closed below it to give confirmation of blind mouse.

I'm not sure what you mean in that I need to wait a another few hours for confirmation.

the fact cat wasn't based on the pink/lime CCs? .. if not those lines confused me

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MightyOne
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Postby MightyOne » Wed Jun 16, 2010 6:31 pm

Price moves from a daily+ extreme

Price closes over a line

Price doesn't close over a line


"A <--- LINE"

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newark18
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Postby newark18 » Wed Jun 16, 2010 7:21 pm

MightyOne wrote:Price moves from a daily+ extreme

Price closes over a line

Price doesn't close over a line


"A <--- LINE"


I know I know. But having those lines help me learn about its importance and how price reacts to that area. At some point, maybe I will have a line. But for now, I am learning about which lines are more significant. btw, welcome back.

Now, I've got a whole lot more lines because I am looking at extremes and bodies.
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newark18
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Postby newark18 » Wed Jun 30, 2010 12:35 pm

Still trying to perfect this method so I'll post my charts for comments (hopefully from MO).

Image

This is GU. Once candle 2 closed over the line, I tried to enter at or near the line. Any comments are welcome.
Last edited by newark18 on Wed Jun 30, 2010 3:27 pm, edited 1 time in total.
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newark18
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Postby newark18 » Wed Jun 30, 2010 12:49 pm

Here is another. I figured that i can't get help unless I start posting.

Image

This one is a little more confusing as there are potentially other lines that are more significant that the ones that I chose. I am not sure which extreme is important to signify the initial reversal (line a or b)

I am still confused on entries. "Trade off daily+ extremes" is very vague to me.
Last edited by newark18 on Wed Jun 30, 2010 4:04 pm, edited 1 time in total.
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newark18
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Postby newark18 » Wed Jun 30, 2010 3:53 pm

Again, what do you think is the significant S&R line in this chart? The initial blind mouse charts would indicate line "a".

Image
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Postby newark18 » Wed Jun 30, 2010 4:00 pm

In this chart, the second number 3 candle crosses an S&R line and indicates a continuation? Would you advise trading that continuation? Or wait for the reversal?

Image

Just tell me when I should stop posting charts.
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Postby MightyOne » Wed Jun 30, 2010 7:02 pm

First let us go back over a few important things.

Complexity Rule: never analyze a chart that is less than 1/8 the chart being traded; a monthly chart (1/12) should not be used to trade a yearly chart & a 3H chart is the smallest chart that can be used for analysis (1/8 of a day is 3 hours).

A small TF (<1/8) borrows strength from higher TF PA; nothing on the small TF is worthy of consideration.

Rule of Moving Parts: a CC should not contain more than 3 periods of time.

Rule of That Damn ZL Indi: don't use it.

Rule of Which Way: bodies show the way, price closed over what line?

These should solve the majority of your problems.

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newark18
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Postby newark18 » Wed Jun 30, 2010 7:27 pm

MightyOne wrote:First let us go back over a few important things.

Complexity Rule: never analyze a chart that is less than 1/8 the chart being traded; a monthly chart (1/12) should not be used to trade a yearly chart & a 3H chart is the smallest chart that can be used for analysis (1/8 of a day is 3 hours).

A small TF (<1/8) borrows strength from higher TF PA; nothing on the small TF is worthy of consideration.

Rule of Moving Parts: a CC should not contain more than 3 periods of time.

Rule of That Damn ZL Indi: don't use it.

Rule of Which Way: bodies show the way, price closed over what line?

These should solve the majority of your problems.


I don't think you comprehend the extent of my problems. :)

I am trying to use H8 candle as my STF candle except this is the only way I know how to see it. I am not using H1 candles to trade. I would like to trade daily extremes and since you suggested that we should not combine more than 3 candles, I am using H8 as my STF candle. edit: ok, now using a period converter to show H8.

Removed ZL indicator...check.

So when trying to identify reversals, should I be more focused on line a or b in the charts?

Entries are still a little confusing. I am looking for daily extremes but they are everywhere. So which ones should I focus on? I have been focusing on the ones that are ZLs of momos. I enter at that point (using 1/4 or 1/2) and then wait to see if price closes over a line to add to my position. Any thoughts?
Last edited by newark18 on Wed Jun 30, 2010 9:56 pm, edited 2 times in total.
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Postby newark18 » Wed Jun 30, 2010 7:38 pm

oh btw, I think I have overcome my need to over trade (which I think was one of my biggest obstacles). I trade no more than once per pair per day. Thanks MO.
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