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"AUSSI" my thread and anything I want to put here

  • #2,081
  • Nov 1, 2019 3:55pm Nov 1, 2019 3:55pm
early morning trades
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  • #2,082
  • Nov 1, 2019 3:58pm Nov 1, 2019 3:58pm
Quoting tzamo
{quote} Dear Aussi, really respect you sharing the miss. Could you please comment on why you cut the oil there so we can learn from this miss (if it wasn't just for the negative swap becoming annoying). Did you notice the 30min macd osma pulling up as well? {image} Have an awesome weekend all
cut because macd said it was not going down it seems i was correct mistake i made was not getting a buy trade
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  • #2,083
  • Nov 1, 2019 4:02pm Nov 1, 2019 4:02pm
correction to swap i am getting on gold/usa is $14.18 per day
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  • #2,084
  • Nov 1, 2019 4:59pm Nov 1, 2019 4:59pm
17 Trades in a row thus far using just one pair, like Aussie suggested, NFP results helped a lot, this scalping is quite fun when there is some movement in the market
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Some people say I'm lucky, but the more I practice the luckier I get
  • #2,085
  • Nov 1, 2019 5:12pm Nov 1, 2019 5:12pm
Quoting Robot Trader
17 Trades in a row thus far using just one pair, like Aussie suggested, NFP results helped a lot, this scalping is quite fun when there is some movement in the market {image}
yes mate the secret is out also its a positive swap trade
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  • #2,086
  • Nov 1, 2019 11:28pm Nov 1, 2019 11:28pm
Quoting Robot Trader
17 Trades in a row thus far using just one pair, like Aussie suggested, NFP results helped a lot, this scalping is quite fun when there is some movement in the market {image}
Nice profits there Robot, wouldn’t it be great if it was live. Luckily it did reverse or your account would be gone in a flash with that grid style trading method. I trade in a similar method but take each trade as a seperate position and quit trading grid strategy methods because it only takes a another pump on trend and our account is screwed.
I use a hedging strategy to reduce that risk.
Trading thin liquidity at the boundary of the charts
  • #2,087
  • Nov 1, 2019 11:55pm Nov 1, 2019 11:55pm
Quoting RickM
{quote} Nice profits there Robot, wouldn’t it be great if it was live. Luckily it did reverse or your account would be gone in a flash with that grid style trading method. I trade in a similar method but take each trade as a seperate position and quit trading grid strategy methods because it only takes a another pump on trend and our account is screwed. I use a hedging strategy to reduce that risk.
Dear RickM,

Do you mean hedging for the short term? I found that for the longer term you almost always end up on the negative side of swap and it makes the hedges redundant.

So each trade is a stand alone with its own risk?

Thx for the thread comment,
K
"Work hard, put in the effort, and follow your dreams..." -Me
  • #2,088
  • Nov 2, 2019 1:47am Nov 2, 2019 1:47am
5.25 p.m Saturday,
I have been watching and I congratulate folks for trying to emulate Aussi but you will find that this will require a great deal of chart time...Remember Aussi has been doing this for many,many years...I for one admit that I can not emulate him but I trade Renko and have a different trading style.
I have found that hedging can be a negative result long term...Just my experience and I have tried.
Trading Demo with standard lots is different in real life with a live account.I would prefer new folks try with 0.01 trades on a real account and work up from there....Compounding ....there are many charts out there but I have found 3 which would be of benefit to folks starting with a small account and with patience and waiting for the right trades can over a two year period build up a decent account Balance...." Rome was not built in a day"..One can adapt the risk factor to suit themselves.
O.K...the above observations are just mine and would love for folks to prove me wrong.
Have a good weekend to all.
R
Ronnie Renko
  • #2,089
  • Nov 2, 2019 2:01am Nov 2, 2019 2:01am
the markets moves in all directions as we all know , up down and sideways , people who watch this thread should know i mostly only do positive swap trades i do not hedge as such i tried it long long time ago and found it to not for me , some traders make money by hedging i never did so i moved on , if you have a negative swap for a long time before it comes into profit you have to make up that swap ideally all neg swaps go before rollover if they dont you either cull them or keep them taking on board the negative swap , if you look at the oil trade you can see what i was up against even if i hedged the money was a none profit trade because both were negative swap and the trade cancelled each other out
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  • #2,090
  • Nov 2, 2019 2:02am Nov 2, 2019 2:02am
Quoting Ced74
5.25 p.m Saturday, I have been watching and I congratulate folks for trying to emulate Aussi but you will find that this will require a great deal of chart time...Remember Aussi has been doing this for many,many years...I for one admit that I can not emulate him but I trade Renko and have a different trading style. I have found that hedging can be a negative result long term...Just my experience and I have tried. Trading Demo with standard lots is different in real life with a live account.I would prefer new folks try with 0.01 trades on a real...
cant prove your wrong because i cant find anything wrong with what you are saying
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  • #2,091
  • Nov 2, 2019 2:05am Nov 2, 2019 2:05am
Quoting tzamo
{quote} Dear RickM, Do you mean hedging for the short term? I found that for the longer term you almost always end up on the negative side of swap and it makes the hedges redundant. So each trade is a stand alone with its own risk? Thx for the thread comment, K
I concur with your comments K...With hedging one can dig a deep hole from which there is no return...O.K there are many who have tried but I ask "Show me the Money"
R
Ronnie Renko
  • #2,092
  • Nov 2, 2019 2:23am Nov 2, 2019 2:23am
Quoting Ced74
{quote} I concur with your comments K...With hedging one can dig a deep hole from which there is no return...O.K there are many who have tried but I ask "Show me the Money" R
Hi Ced74

You nailed it with the 0.01 size trades and follow up with compounding, that's the best way in my opinion. As for hedging, it only works if you hedge within the same trading session when your call was correct but the markets playing silly buggers. Some times the market likes to run harder and further to destroy a few more trader accounts before it then reverses in line with your call. If the call turns out wrong after a period, cut it.

Tzamo, sorry this is Aussi's thread, PM me
Trading thin liquidity at the boundary of the charts
  • #2,093
  • Nov 2, 2019 2:31am Nov 2, 2019 2:31am
Quoting RickM
{quote} Hi Ced74 You nailed it with the 0.01 size trades and follow up with compounding, that's the best way in my opinion. As for hedging, it only works if you hedge within the same trading session when your call was correct but the markets playing silly buggers. Some times the market likes to run harder and further to destroy a few more trader accounts before it then reverses in line with your call. If the call turns out wrong after a period, cut it. Tzamo, sorry this is Aussi's thread, PM me
hi mate more people are interested mate you can if you want to post here so others can see including me
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  • #2,094
  • Nov 2, 2019 2:43am Nov 2, 2019 2:43am
This is a last week report …

Open and closed…
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Only closed…
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Report for whole testing period …
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As a most difficult part of this trading (in my opinion) is where and when close position, I decided to stick to 4 pips TP, taking away from my head problem of closing trades … which I hope will find solution later when my skill grows …
Still there is four open positions which have chance to be closed positively …
Will stop posting results, it makes on me additional pressure which is not good for my trading and I need to avoid it …
Hope, time and applied discipline will do work for me as worked in my program of losing body weight ... please keep fingers crossed for me
  • #2,095
  • Nov 2, 2019 2:56am Nov 2, 2019 2:56am
Quoting BlackNapkins
This is a last week report … Open and closed… {image} Only closed… {image} Report for whole testing period … {image} As a most difficult part of this trading (in my opinion) is where and when close position, I decided to stick to 4 pips TP, taking away from my head problem of closing trades … which I hope will find solution later when my skill grows … Still there is four open positions which have chance to be closed positively … Will stop posting results, it makes on me additional pressure which is not good for my trading and I need to avoid it...
Well done.
I feel that 4 pips is too low...Try 6-7 pips as a minimum...
Trading like everything in life is about confidence.....If you feel posting these results puts pressure on you then I must ask why...Sounds to me that your account balance is small and you worry about a loss...If this is the case I would suggest that you stop trading and save for a larger account balance which in turn will reduce the stress level..Just my thoughts as I do want folks to succeed in this very tough Business.
R
Ronnie Renko
  • #2,096
  • Nov 2, 2019 3:23am Nov 2, 2019 3:23am
Compounding
Compounding has been around in all forms of business since "Adam was a Boy" but I find that many dismiss this way to increasing capital...O.K in forex it is of no value no value to high profile traders but most retail traders are not in this category...Perhaps its because the lure of the gold coins distracts them from the end results which is to win consistently over a period of time..
I welcome your thoughts but this is Aussi,s thread so I may be out of order.....10 whip lashes may be forthcoming.
Young Ron
Ronnie Renko
  • #2,097
  • Nov 2, 2019 3:29am Nov 2, 2019 3:29am
Quoting Ced74
Compounding Compounding has been around in all forms of business since "Adam was a Boy" but I find that many dismiss this way to increasing capital...O.K in forex it is of no value no value to high profile traders but most retail traders are not in this category...Perhaps its because the lure of the gold coins distracts them from the end results which is to win consistently over a period of time.. I welcome your thoughts but this is Aussi,s thread so I may be out of order.....10 whip lashes may be forthcoming....
never out of order mate but the lash,s are interesting
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  • #2,098
  • Nov 2, 2019 3:40am Nov 2, 2019 3:40am
Your lashes will cover the whip lashes from the x wife.
O.K we all know that Talk is cheap so If you approve I may post several compounding charts for the new battlers, like myself,next week....Remember I am only a layman and anything I post is for educational purposes only.....
R
Ronnie Renko
  • #2,099
  • Nov 2, 2019 4:01am Nov 2, 2019 4:01am
Quoting Ced74
{quote} Well done. I feel that 4 pips is too low..
CED74,
I really appreciate advises form such mature trader like you are, thank you very, very much…
Plan which I am implementing is … “I need to do on paper what historical high and lows of all pairs on H4 and day charts … and get back to demo picked up one pair check M5, M15, M30 an I am trying win 10-win trades in a row within two hours, and then try do it for 20-win stay on demo until …” (Aussi).
Need to prove to myself I can present consistency and discipline to be on Forex. Generally, statistics are against me but having lot of free time, and having a bit of fun and excitement have not much to lose and a lot to win … Will see what future will brig. Just want to do … “what 95% of traders don’t want to do …” (Aussi) … how much time will take before I quit … I don’t know, will see I am giving a try …
Have good weekend … ( its is quite funny, but most influential traders on me are usually Australians .. how the hell is possible?
…
  • #2,100
  • Nov 2, 2019 4:15am Nov 2, 2019 4:15am
( its is quite funny, but most influential traders on me are usually Australians .. how the hell is possible?
… I find that many aussie traders are low profile but the few that do come out may have something to offer.

R
Ronnie Renko
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