Blind Mouse Strategy

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PTG
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Postby PTG » Mon Jul 19, 2010 10:55 pm

newark18 wrote:
PTG wrote:
newark18 wrote:Like I said, sometimes MO's combined candles works perfectly (the lowest low and the highest high being the last STF in the CC). But sometimes it gets out of whack. So I've been playing around with it. In this example, the yellow area shows that the new combination puts these CCs out of whack while the green area are the candles that i am trying to optimize.

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Can you find your way around, when the only thing you are looking at is your feet ?

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Why do you think I am so lost?


:lol: The answer is on the chart. Actually, all answers are. It's up to you to do the detective work and find clues. Previous extremes are such clues. Look left, think right.
Long range candles are proof of the existence of support and resistance. Why did price fall down like a brick on the left ? A big imbalance between sellers and buyers perhaps ? Might they still be there the next time around, more often than not ? And what if, imagine, what if that next time around price comes screeming towards that level, and you have this feeling you're missing out on something reeeally good, you're kicking yourself in the head, swearing at the wife, etc. That's the feeling others have, who will typically enter way, way too late to not miss out on that good run. And gosh, what do you know - there are people waiting for that to happen. These are the people on the other side of the trade. That should be you. That's why you have to find those probable areas of instability, and then apply some common sense like multiple timeframe- and multiple candle analysis etc. You can either catch the falling knife or the rocket :shock: (not for the timorous) or wait for a confirmation of the first retrace or pullback, then enter with a rathole entry or a mousetrap entry or whatever they are called :lol:

But: enough of this now, this is not my thread and I certainly don't want to ask for some divine thunder and lightning :lol: :shock: :lol:
This is my new signature: "new signature".

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newark18
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Postby newark18 » Tue Jul 20, 2010 1:16 am

PTG,

I'm listening.
Failure is an opportunity to learn.

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TygerKrane
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Postby TygerKrane » Tue Jul 20, 2010 2:14 am

PTG wrote:Look left, think right.

Ooh, you professional trader types certainly have a way with words, makes me feel all warm and fuzzy :smt058

I'll have to remember that one.

~Krane

**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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MightyOne
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Postby MightyOne » Tue Jul 20, 2010 3:40 am

Worked out nicely :P

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MightyOne
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Postby MightyOne » Tue Jul 20, 2010 7:10 am

There are winners and there are losers.

The losers are those who give ground to the enemy...

If you want my buy orders you had better give me the best price or pry them from my cold dead fingers!

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The extreme, the close of the CC or NOTHING! :shock:

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MightyOne
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Postby MightyOne » Tue Jul 20, 2010 7:28 am

Uncertainty is a batch I know, good thing I don't need the money :wink:

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spa
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Postby spa » Tue Jul 20, 2010 11:44 am

price has retested the entry on USDCHf, give it all back and take the hit on the 1.3pip stop?

edit: usdchf came back to help with your extreme exit .. nice
Last edited by spa on Tue Jul 20, 2010 2:25 pm, edited 1 time in total.

aliassmith
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Postby aliassmith » Tue Jul 20, 2010 12:32 pm

MightyOne wrote:Uncertainty is a batch I know, good thing I don't need the money :wink:

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Trade Your Way as Long as It Makes Money!

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MightyOne
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Postby MightyOne » Tue Jul 20, 2010 3:39 pm

spa wrote:price has retested the entry on USDCHf, give it all back and take the hit on the 1.3pip stop?

edit: usdchf came back to help with your extreme exit .. nice


Either take a profit or take a loss :shock:

Only a fool moves his stops to break even or a small profit...

You get what you ask for and if you ask for break even or a small profit then that is what you are going to get; you might as well take your money right there and then.

Remember: PRICE MAKES A LOWER LOW ALL BUT -ONE- TIME!

Remember: THERE CAN ONLY BE -ONE- HIGHEST HIGH AND LOWEST LOW with MANY HIGHER HIGHS & LOWER LOWS between.

You can't escape mediocrity if you will not even fight for something that is highly probable end in your favor.

spa
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Postby spa » Tue Jul 20, 2010 3:51 pm

fighting , all i need now is rewiring me head into knowing i will win ... this not being as easy as i thought

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