Blind Mouse Strategy

[newark18]

Tyger, I don't actually. But I have been tempted since it looks like it wants to zero out the breakout before the real move. I try not to look at the order once it is placed until after the close of the candle. Far too much temptation for me if I think too much about it.

[TygerKrane]

You avoid the temptation? I guess you are Master of Your Domain then? LOL

{Seinfeld reference}
http://en.wikipedia.org/wiki/Master_of_your_domain

[newark18]

I have yet to master that domain...not sure if I want to either.

[TygerKrane]

Now you can mix business with pleasure:

Not sure if this one qualifies but amusing all the same.

[FYI: Just noticed, this is the name of the file: http://kreslik.com/forums/userpix/11865_horizontal_spread_1.png . Good one, Skygod!]

I'm finally done with the busy season at work, so now I'm back with a bang.

{Trying to retire before the NEXT busy season tho... }
~Krane

[newark18]

My goal is to retire from my job in about 6 years. Coincidentally, that is when my last child will be off to kindergarten. Only by coincidence, of course...

[scratty]

The averaging into positions aproach makes much sense to me. I understand the concept and think its also very good for psychological point of view.

I just wonder how you (MO, others) handle the positions after you averaged in. You said you dont use stops and you dont let the price go to the average price. Does this mean you always look at your positions when you are in a position? Or do you let the positions run without sl over night?

thanks for your answer!

[MightyOne]

Here are the minimums to trade my strategies

you need at least 5 lots to start with:

_______________________
Spread of Five
_______________________
Fifty to 1: $100
$500 for 5,000-25,000c
$600 for 6,000-30,000c
$10,000 for 100,000-500,000c

Twenty-five to 1: $200
$1,000 for 5,000-25,000c
$1,200 for 6,000-30,000c
$20,000 for 100,000-500,000c

Twenty to 1: $250
$1,250 for 5,000-25,000c
$1,500 for 6,000-30,000c
$25,000 for 100,000-500,000c

Ten to 1: $500
$2,500 for 5,000-25,000c
$3,000 for 6,000-30,000c
$50,000 for 100,000-500,000c

[MightyOne]

[cfabian]

It should be noted that I have usually have TONS of screen time at my disposal, so I tend to work towards micro-managing my entries when I trade.

If I didn't have as much time, I'd pretty much be going at it the way newark does.

newark, when you give yourself the large stop loss on small position size, do you ever get the temptation to 'cheat a little', if price goes back, for example 75% into your stop loss?? Not moving your Stop Loss, but hoping you could be catching a reach back, and give yourself a little 'bonus'??

Tyger, I do the same as you... all day at the PC, and micro managing trades. Results? I'm a slave of the charts and the returns do not pay as much.

I personally like to trade longer charts in a set up and relax manner. Higher stops, smaller lots, but more pip runs. Outcome? I think about the same or more than what I get now. This way I can go about my life. I'm just looking for a proper way to trade this way.

[MightyOne]

I am trading for more than 5 years till now, and I must say that i didn't seen any simplier and more powerfull method in all my trader life, thank you very much MO - my eyes are opened wide right now, and i am no more a blindman. Clean chart no laggy indicators, just me and my S&R levels.

PS you said you are talking via googletalk, how can i find you there?
My Skype id "Krosglass-Zakupy" i would be glad if you could give me a sign if you had some time to talk

Once again "THANKS"!!!!!

Thank you for your kind words Michaelion,

I mostly chat and send files via Google Talk

If I cannot send files, for whatever reason, then I will not even answer the person.

If they are horrible at typing then I will chat live if I am not talking to a group of other people.

If I do not have a beer in my hand then there will be no typing or chatting