Blind Mouse Strategy

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MightyOne
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Postby MightyOne » Mon Jul 05, 2010 6:07 pm

prochargedmopar wrote:
MightyOne wrote:
prochargedmopar wrote:
MightyOne wrote:Image


It is amazing when it happens so "FAST"..........and is so blatantly obvious.


Like this?

http://i49.tinypic.com/r0xhdd.jpg


Yeah, just like that. And if your line has been drawn in the sand, you don't even have to be quick on your toes.
Just enter.

And the "txt" at the bottom of the pic is there for what reason? ;)


In Futures, dollars per contract is like saying x pips.

If I said that I made $0.66 in coffee would you understand the magnitude of the move, didn't think so :wink:

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Postby MightyOne » Mon Jul 05, 2010 6:39 pm

newark18 wrote:And my attempt at GU.

Image


Your CC's should open where the prev. candle closed

Image

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Postby MightyOne » Mon Jul 05, 2010 6:56 pm

newark18 wrote:Here is my try at EU.

Image





Image

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Postby TygerKrane » Mon Jul 05, 2010 11:42 pm

newark18 wrote:I use this and is automatically refreshes.

http://www.forexfactory.com/showthread.php?t=206301
I like, I like, it works; very sexy.

Thanks newark!!

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

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Postby newark18 » Tue Jul 06, 2010 1:09 am

Here is my EU redo.

Image
Failure is an opportunity to learn.

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newark18
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Postby newark18 » Tue Jul 06, 2010 1:22 am

MightyOne wrote:
newark18 wrote:Here is my try at EU.

Image





Image


This was awesome and very helpful in understanding how to identify S&R lines. Needless to say, thank you very much.!
Failure is an opportunity to learn.

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Postby newark18 » Tue Jul 06, 2010 2:30 am

Here is my GU redo. Nothing earth shattering. I just wanted to redraw my S&R lines. I agree the magenta colored S&R line deserves to be somewhere around there. If I were drawing it real-time, I would probably have thought it would be a little higher.

Image
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Postby newark18 » Tue Jul 06, 2010 2:44 am

MO, would it be fair to also say: 1) Wait for close over a line, 2) Enter at daily+ extremes, 3) Wait for close over a line, and 4) Then wait? For some reason, I am having real trouble with the "enter off daily+ extremes" portion of this method.

When price closes over two S&R lines without retracement, do you "expect" price to retrace back to the first S&R line that it crossed? In other words, do you expect a retracement relatively equal in strength as the original move that ended with a close over a line?
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Postby newark18 » Tue Jul 06, 2010 3:30 am

Here is GJ. This was a little bit easier after reading MO's last few posts although I am sure that I made many mistakes. This becomes much harder when it is trading within a range.

Image
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Postby MightyOne » Tue Jul 06, 2010 6:22 am

newark18 wrote:MO, would it be fair to also say: 1) Wait for close over a line, 2) Enter at daily+ extremes, 3) Wait for close over a line, and 4) Then wait? For some reason, I am having real trouble with the "enter off daily+ extremes" portion of this method.

When price closes over two S&R lines without retracement, do you "expect" price to retrace back to the first S&R line that it crossed? In other words, do you expect a retracement relatively equal in strength as the original move that ended with a close over a line?



Back to the beginning...

1. Trade off of daily+ extremes because price moves a hundred of hundreds of pips from these points.

2. Start with a 1/4 position because it is more likely that price will make a higher high being close to the high and above a support line.

3. You may liquidate and buy back a total of 2 times BEFORE price closes over a line which you believe to be S&R.

4. Price closes over a line

5. Set an average beyond S&R.

Waves, XY-Patterns, CC's, etc are strategies for holding.

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