Blind Mouse Strategy

[TygerKrane]

edit: ok, now using a period converter to show H8.

Does your period converter update with each incoming tick, or do you manually have to refresh it, to get the data??

I use "Period_Converter_Opt.ex4", and have the data displayed on an offline chart (that I manually have to refresh.)

[newark18]

I use this and is automatically refreshes.

http://www.forexfactory.com/showthread.php?t=206301

[newark18]

Ok, tell me what I did wrong. I marked the daily extreme which I considered significant. I entered at that point. Still not sure if I should be using line a or b for my S&R line (one is daily extreme and other is D3 extreme). For now I am opting for D1 extreme. And then I marked another significant daily ZL. Should I have just exited after it touched the daily ZL? Or is there another signal (i.e., candle closes under and then over line C which is consider to be a significant S&R line)?

[newark18]

Sort of the same deal. Am I disregarding something (like the general trend being up)? MO stated that we should not trade against CC. But I am not sure what that means considering we are trying to predict reversals and we enter at extremes. That usually means we are trading against the CC, no?

[MightyOne]

Sort of the same deal. Am I disregarding something (like the general trend being up)? MO stated that we should not trade against CC. But I am not sure what that means considering we are trying to predict reversals and we enter at extremes. That usually means we are trading against the CC, no?

The confusion comes from all of these traders who want to trade my methods on small charts.

If you have a 3day CC long and the single TF daily candles start pushing against the CC (wick doll) then you are trading off of daily+ lows in the direction of the CC, no?

Do not assume that, because a trade failed, you did something wrong.

Did you trade off of daily+ highs/lows?

Did price close over a line?

Did you start building a larger position with an average entry beyond S&R?

Ok, then you did everything right!

Sometimes it doesn't work and you lose 4.5%

Sometimes it works and you make 20, 45, 70, or even 135%+.

-You have core methods and you also have a brain.

-You know that price moves in waves and that the corrections are the smaller waves.

-Are you trading the correction (trend later?) or the trend (trend now).

Do What Matters is not about randomly picking a high TF chart to look at.

You should sit down with the DWMY (I print them out) and then mark out everything significant ahead of time.

Price is moving toward something significant, here is what it looks like on the smaller chart, here is the reaction in this area:

IF ----> THEN

IF ----> THEN

IF ----> THEN

It is all about making comparisons.

[newark18]

If you have a 3day CC long and the single TF daily candles start pushing against the CC (wick doll) then you are trading off of daily+ lows in the direction of the CC, no?

So I guess you don't suggest picking a significant daily extreme (such as a ZL of large momo) and enter right then and there. It sounds like you want to see at least one STF candle (in my case, H8 or D1) moving away from that extreme and try to enter at wick doll.

Did you trade off of daily+ highs/lows?

How do you choose which daily+ extremes are significant to you? I mean they are really all over the place. I have been looking at significant momos and their ZLs (either at breakout or base of previous candle).

You should sit down with the DWMY (I print them out) and then mark out everything significant ahead of time.

What do you consider significant? momo, ZLs, anything else? Is there a thread that talk about DWMY in detail?

Sorry for all the questions. Every time I think I have figured it out, I get thrown back into reality. I feel so close but so so very far at the same time.

[spa]

Sorry for all the questions. Every time I think I have figured it out, I get thrown back into reality. I feel so close but so so very far at the same time.

welcome to the club......

as far as i know..have read everything posted in the past 9months or so, the DoWhatMatter has just been mentioned here and there, nothing of the things you're looking after

[aliassmith]

"The confusion comes from all of these traders who want to trade my methods on small charts."

I know we suck

Your methodology does work on smaller timeframes if the person
understands what you are trying to explain.

BUT, The larger timeframes allow for time to sit down and plan a trade.
Using smaller leverage also allows more time to make decisions.

This is why James16 preaches with major conviction to start on daily
charts until you are profitable. I started trading pin bars on daily
charts until I was able to get 5 to 10 percent a month.

With the things I have learned on kreslik it is more like a daily/weekly
return. It keeps getting better. If I never came back here again I would
still have enough knowledge to amass trucks of money.

Turtle traders, Blah!
MightyOne Traders is where it's at!

[prochargedmopar]

"The confusion comes from all of these traders who want to trade my methods on small charts."

I know we suck

Your methodology does work on smaller timeframes if the person
understands what you are trying to explain.

BUT, The larger timeframes allow for time to sit down and plan a trade.
Using smaller leverage also allows more time to make decisions.

This is why James16 preaches with major conviction to start on daily
charts until you are profitable. I started trading pin bars on daily
charts until I was able to get 5 to 10 percent a month.

With the things I have learned on kreslik it is more like a daily/weekly
return. It keeps getting better. If I never came back here again I would
still have enough knowledge to amass trucks of money.

Turtle traders, Blah!
MightyOne Traders is where it's at!

[newark18]

I know that I made many mistakes here but I wanted some feedback.