Blind Mouse Strategy

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 562
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 21
Real name: J
Gender: None specified

Postby newark18 » Thu Jul 29, 2010 7:31 pm

This is the EU trade from earlier. I averaged in and was able to triple up for a total of 3Us and still stay below the retracement point. Right now, I am up 42 pips at 3Us.

Image
Failure is an opportunity to learn.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 562
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 21
Real name: J
Gender: None specified

Postby newark18 » Thu Jul 29, 2010 7:36 pm

I'm not sure if I should be averaging in using H3 CCs. My guess is that I should use it only for entry and exit but use H12 or D1 CCs to set my average.
Failure is an opportunity to learn.

cwn6161
rank: 150+ posts
rank: 150+ posts
Posts: 276
Joined: Sun Feb 28, 2010 8:05 pm
Reputation: 1
Gender: None specified

Postby cwn6161 » Thu Jul 29, 2010 7:46 pm

If you have placed 3 positions with H3 CC, you better use that to get out. Remember, if you've placed more than 2 positions total, you better be in the trade long term.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 6055
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 560
Gender: Male

Postby MightyOne » Fri Jul 30, 2010 3:05 am

cwn6161 wrote:Still watching my trade on USDCAD. CC hasn't closed above support, so I'm still holding on. The red line represents my SL, which is the same % risk as what I had with my initial position.

I recall MO saying he has a 4.5% dd limit for the week. Assuming he starts with 4.5% risk, he must move his SL in accordance with the additional positions he places on a trade. Is that correct?

Image


If price doesn't close over a line in the direction of loss then I am not getting out (assuming I haven't decided to exit at an extreme).

4.5% applies to the the first trade heading in a certain direction.

If I were trading short and made a 60% return then I would (possibly) use those profits to resume trading short.

It is when I decide to trade in the opposite direction that I will revert back to extreme caution.

cwn6161
rank: 150+ posts
rank: 150+ posts
Posts: 276
Joined: Sun Feb 28, 2010 8:05 pm
Reputation: 1
Gender: None specified

Postby cwn6161 » Fri Jul 30, 2010 8:47 pm

Exited my USDCAD trade. Long CC compared to others, and price has had trouble closing over this area before. Honestly, this trade was taken from another indi's entrance signal, and I feel that it wasn't a good setup in the first place. I made roughly 12% on this.

Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 562
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 21
Real name: J
Gender: None specified

Postby newark18 » Mon Aug 02, 2010 2:16 pm

You think I got out a little too early? I should have listened to MO and waited for a large bodied candle.

Image
Failure is an opportunity to learn.

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 562
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 21
Real name: J
Gender: None specified

Postby newark18 » Mon Aug 02, 2010 2:34 pm

And remember when I was waiting for a rat entry for EJ? Well, so far up 100 pips and looking to average in.

Image
Failure is an opportunity to learn.

User avatar
newark18
rank: 500+ posts
rank: 500+ posts
Posts: 562
Joined: Thu Mar 11, 2010 3:32 am
Reputation: 21
Real name: J
Gender: None specified

Postby newark18 » Mon Aug 02, 2010 2:40 pm

And I screwed up my EU trade from last week. I averaged in using a smaller TF than D1 CCs. I guess I should not do that.
Failure is an opportunity to learn.

cwn6161
rank: 150+ posts
rank: 150+ posts
Posts: 276
Joined: Sun Feb 28, 2010 8:05 pm
Reputation: 1
Gender: None specified

Postby cwn6161 » Mon Aug 02, 2010 5:35 pm

newark18 wrote:You think I got out a little too early? I should have listened to MO and waited for a large bodied candle.

Image



Didn't you get out at a new high for your TF? If you feel that it's still going to rise, why not enter in on a retrace?

The new long CC presents a potential short opportunity if signs of resistance are shown.

User avatar
bredin
rank: 1000+ posts
rank: 1000+ posts
Posts: 1033
Joined: Mon Feb 16, 2009 10:41 pm
Reputation: 7
Gender: None specified
Contact:

Postby bredin » Mon Aug 02, 2010 9:43 pm

newark,
for the sake of my sanity, please grab and install the II_Fontpack and make that logo look good :lol:

G.
Welcome to the era of "Guns and Maskies" Trading!
The previous message contains discretion. Viewer nudity is advised.
Insanity Industries Indicators Here
Insanity Industries on YouTube!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”