Blind Mouse Strategy

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lukx
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Postby lukx » Wed Aug 11, 2010 12:07 pm

newark what you're using to be able to have 8h tf?

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newark18
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Postby newark18 » Wed Aug 11, 2010 12:09 pm

I am using a period converter.
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cwn6161
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Postby cwn6161 » Wed Aug 11, 2010 12:14 pm

lukx wrote:I still don't get it, I guess I'm too old for this...
Is it possible to trade this system without using scaling in, because I don;t think I will comprehend it ever.



You aren't too old. But maybe you are making it complex.

First off, the system does work without scaling in, but you won't be able to rake in as much. Simple idea of exiting losers fast, but letting profit run.

This system is extremely simple, the key is to not try and make it machine like. I think you have the right idea of looking for an extreme, then trading off of that extreme. You just need to look left, and at a higher timeframe, to make sure you are placing the trade at a near extreme as well. A buy on the 1H may not look so good on the daily or weekly bar, especially if those candles are at extreme highs.

GU and EU both have started to make reversals (at least I think). Take a look at them, and ask yourself why they reversed? When was the last time they were at those high levels?

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lukx
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Postby lukx » Wed Aug 11, 2010 12:15 pm

Thank you kindly :)

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MightyOne
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Postby MightyOne » Wed Aug 11, 2010 6:18 pm

lukx wrote:I still don't get it, I guess I'm too old for this...
Is it possible to trade this system without using scaling in, because I don;t think I will comprehend it ever.



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Postby MightyOne » Wed Aug 11, 2010 6:25 pm

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newark18
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Postby newark18 » Wed Aug 11, 2010 6:31 pm

My only issue now is adding lots. When are you fairly certain that the retracement is over? The way I see it, there are many options:

1. Wait for STF candle or CC to close in the direction of continuation and enter via rat trade.
2. Wait for STF or CC close beyond the extreme of previous STF or CC to more clearly show that it will continue.

There probably is no hard and fast rule but I thought I would get the opinion of those here. I am testing things out now and it isn't entirely clear to me.
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Postby lukx » Wed Aug 11, 2010 6:39 pm

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cwn6161
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Postby cwn6161 » Wed Aug 11, 2010 7:03 pm

lukx - like i said before, a small timeframe may look like a good setup, but move out to the daily frame, and take a look at the chart. do you see the daily chart trying to move back up? no. it still going down. now why would you go long on the shorter timeframe, when you know the larger timeframe is king?

its only AFTER seeing fat cat sr on the high timeframe, that we move into the small frames and look for entries

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Postby MightyOne » Wed Aug 11, 2010 7:03 pm

newark18 wrote:My only issue now is adding lots. When are you fairly certain that the retracement is over? The way I see it, there are many options:

1. Wait for STF candle or CC to close in the direction of continuation and enter via rat trade.
2. Wait for STF or CC close beyond the extreme of previous STF or CC to more clearly show that it will continue.

There probably is no hard and fast rule but I thought I would get the opinion of those here. I am testing things out now and it isn't entirely clear to me.


It depends on the timeframe...

Ideally you want to get as many lots in there as possible.

Realistically you are probably going to be setting 60-80% RETs until you get your position onto the daily+ chart

If you have balls the size of Alliasmith (my balls aren't even that big :shock: ) you will be at 100:1 before you ever get to the daily chart :lol:

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