Blind Mouse Strategy

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es/pip
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Postby es/pip » Sun May 16, 2010 6:05 pm

MO can confirm or deny the above----

thats how i understand it --- may be incorrect

i haven't spent a ton of time on any of this yet
Bend over and assume the position for another 4 years of hope and change.

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Postby IN-XS » Sun May 16, 2010 6:10 pm

es/pip wrote:MO can confirm or deny the above----

thats how i understand it --- may be incorrect

i haven't spent a ton of time on any of this yet


Well thank you anyway. I still like an insight from other people on how they perceive this information, especially someone like you, who I consider to have a very good level of understanding.

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TheRumpledOne
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Postby TheRumpledOne » Sun May 16, 2010 7:06 pm

es/pip wrote:
you take a short position at 100

it goes to 50

bounces to 75

you want to short more

you want your average above the bounce --- say 76

100 + x / 2 = 76

x is your entry to get your average at 76


I think you meant:

( 100 + X ) / 2 = 76.
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Postby TheRumpledOne » Sun May 16, 2010 7:07 pm

aliassmith wrote:
TRO we are Discretionary traders there is no "precisely" in our vocabulary :)



I am being serious.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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es/pip
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Postby es/pip » Sun May 16, 2010 8:56 pm

TheRumpledOne wrote:
es/pip wrote:
you take a short position at 100

it goes to 50

bounces to 75

you want to short more

you want your average above the bounce --- say 76

100 + x / 2 = 76

x is your entry to get your average at 76


I think you meant:

( 100 + X ) / 2 = 76.


yeah
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bredin
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Postby bredin » Sun May 16, 2010 9:00 pm

I thought MO defined S&R on page 1 of this thread.....

Image

G.
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Postby aliassmith » Sun May 16, 2010 9:02 pm

TheRumpledOne wrote:
aliassmith wrote:
TRO we are Discretionary traders there is no "precisely" in our vocabulary :)



I am being serious.


I was being serious. :shock:

An average is a midpoint between two equal amounts.

((High Price - Low Price)/2)+ Low Price = Average Price

Where you might want that midpoint is discretionary.
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Postby tmanbone » Sun May 16, 2010 9:56 pm

MightyOne wrote:Ok, I am done being cute.

When I am trading it just looks like this:

1. Trade off of the Daily+ High/low

2. Take a trade with custom candle color (CCC)

3. Did price cross S&R?

4. Place an average beyond S&R.

It doesn't matter where price is right now, if the average can rest over the S&R I will take an entry.

5. The moment I want to exit I will liquidate at the small TF extreme (which will also be the high TF extreme).

6. If you are long and the highest price after your entry is not a daily+ extreme then read through this list again.

Careful that price doesn't go anywhere near your average after doubling your position :wink:


Image


This is what I'm referring to. When MO says average in beyond S/R, in a short example, it looks to me like he means beyond = below.
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T

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Postby bredin » Sun May 16, 2010 10:43 pm

Ok, Ive done my analysis, and for the purposes of trading this method this is the plan:

1. I will trade only EJ and GU until Ive shown myself that Im not completely retarded I will expand the "active watchlist".

2. I will observe and mark up, but not trade 5 other charts: these will be EU, AJ, EN, GJ and AU

3. I will post my marked up charts for either "pointing and laughing" or "gentle applause" as appropriate.

4. I will follow MO's trading rules posted earlier in this thread to the best of my abilities.

5. Initial trades will be made with 1 micro lot (0.01 lots, 10c/pip): no cash, no pressure. I must give my mind something to lose in order to be competitive enough to carry my resolve. Nothing beats the feeling of victory!

6. I will write a log detailing the reasons for taking the entries that I take. This is the medication that will prevent sudden attacks of retardation in future.

G.
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bredin
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Postby bredin » Sun May 16, 2010 10:46 pm

tmanbone wrote:
MightyOne wrote:Ok, I am done being cute.

When I am trading it just looks like this:

1. Trade off of the Daily+ High/low

2. Take a trade with custom candle color (CCC)

3. Did price cross S&R?

4. Place an average beyond S&R.

It doesn't matter where price is right now, if the average can rest over the S&R I will take an entry.

5. The moment I want to exit I will liquidate at the small TF extreme (which will also be the high TF extreme).

6. If you are long and the highest price after your entry is not a daily+ extreme then read through this list again.

Careful that price doesn't go anywhere near your average after doubling your position :wink:


Image


This is what I'm referring to. When MO says average in beyond S/R, in a short example, it looks to me like he means beyond = below.


looks to me that this example is a short trade (duh..) and that the first averaging line is ABOVE the white dashed S&R line and the second averaging line is exactly at the next S&R line.

G.
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