Blind Mouse Strategy

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MightyOne
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Postby MightyOne » Tue Jul 06, 2010 6:27 am

newark18 wrote: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


I think you should stop trying to label :lol: :wink:

I will try to give a better lesson on numbering.

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Postby vane » Tue Jul 06, 2010 7:02 am

MightyOne wrote:
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.


MO i have to ask, theres one thing that is eating my head:

when you said:

1. Trade off of [highlight=red]daily+ extremes[/highlight] because price moves a hundred of hundreds of pips from these points. - MO

And after try to find the answer to this riddle y find this in your older post:

On any day there are only 2 extremes and price will move a hundred or more pips from one or the other. -MO

( i thinks this is no so simple like a low or high on daily) and this:

If I am going long then I want to have a daily+ extreme directly under me. -MO

and if you think about this chart a little you can see the extremes are very important in this method.

Image

MO Could you post a chart showing the 2 extremes you are talking about... please im very lost with this... maybe im blind. :(

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MightyOne
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Postby MightyOne » Tue Jul 06, 2010 8:07 am

vane wrote:
MightyOne wrote:
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.


MO i have to ask, theres one thing that is eating my head:

when you said:

1. Trade off of [highlight=red]daily+ extremes[/highlight] because price moves a hundred of hundreds of pips from these points. - MO

And after try to find the answer to this riddle y find this in your older post:

On any day there are only 2 extremes and price will move a hundred or more pips from one or the other. -MO

( i thinks this is no so simple like a low or high on daily) and this:

If I am going long then I want to have a daily+ extreme directly under me. -MO

and if you think about this chart a little you can see the extremes are very important in this method.

Image

MO Could you post a chart showing the 2 extremes you are talking about... please im very lost with this... maybe im blind. :(



Consider my balls busted... :lol:


Image

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newark18
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Postby newark18 » Tue Jul 06, 2010 1:26 pm

MO, should I be looking to enter off daily+ extremes after it has touched an S&R line and shown movement in the other direction?
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Postby JESGPY » Tue Jul 06, 2010 3:22 pm

My EJ blind mouse long from Extreme on EJ

Image

MO can you comment on it please.

thanks.

JUAN

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newark18
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Postby newark18 » Tue Jul 06, 2010 4:51 pm

Or maybe should I be focusing on monthly/weekly extremes/S&R lines and trade off those extremes depending on the price action around those points?
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Postby MightyOne » Tue Jul 06, 2010 6:09 pm

JESGPY wrote:My EJ blind mouse long from Extreme on EJ

Image

MO can you comment on it please.

thanks.

JUAN


If price closes higher, will you be able to increase your position size and set an average order below a recent Fat Cat?

1/4 + 1/4 + 1/2

or

1/5 + 1/5 + 3/5

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JESGPY
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Postby JESGPY » Tue Jul 06, 2010 6:14 pm

MightyOne wrote:
JESGPY wrote:My EJ blind mouse long from Extreme on EJ

Image

MO can you comment on it please.

thanks.

JUAN


If price closes higher, will you be able to increase your position size and set an average order below a recent Fat Cat?

1/4 + 1/4 + 1/2

or

1/5 + 1/5 + 3/5


Yes i will be able to add

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newark18
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Postby newark18 » Tue Jul 06, 2010 6:55 pm

JESGPY wrote:My EJ blind mouse long from Extreme on EJ

Image

MO can you comment on it please.

thanks.

JUAN


Juan,

Your entry was long at the green line? What was your reason for entry?
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JESGPY
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Postby JESGPY » Tue Jul 06, 2010 8:35 pm

newark18 wrote:
JESGPY wrote:My EJ blind mouse long from Extreme on EJ

Image

MO can you comment on it please.

thanks.

JUAN


Juan,

Your entry was long at the green line? What was your reason for entry?


Daily MZ long, and what i think is a mouse reversal.

JUAN

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