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

Hi Digger ,
Finally ,from yesterday until this morning i did not loose , even i won small amount $100.00 and may be around less than 10 enter , just scalping, I am learning alot , thanks for your guidance Digger. I guess market from yesterday until now you make alot of atm ha .

Tht makes my day more thn anything ,,, great job ,, me ,, ah the the mkts moved ,, I made my shekel ,, lol

thanks brotha. took a couple of small buys from 1729, the level that kept getting tapped from above. seems like it held so far so nxt tgt should be reached and I will repeat with very small sizes for now till I get the hang of letting my tps get hit and patiently waiting to make sure a level holds or fold before getting in. not getting in on first touch of level.

I've been reading your posts and feel I really need to pitch in.

You see, I totally get where you are. Not where you are coming from - only you know that - but where you are. Right now. I have been there.

However, there is a way out - I have been in this game now since God was a boy - and if I can have managed to pull myself out of the quagmire you are now in, you can too.

You see, there are a couple of aspects at play here.

First off, you have come across this thread, Digger and all his priceless info. You suddenly realise that, omg...this could be it...I have found my way...my path...I want to be one of these guys...I can be one of these guys...SO MUCH!!!

That's the first block. You are now wanting it too much.

Second, you need to believe you deserve it.

Sounds weird, I know but it is a powerful kicker-to-the-nuts of so many, not just in trading.

Paralysis through analysis.

Yep, information overload. Digger feels the market. All those lines. He could do this without them. They are just extensions of his perception of what is going on in front of him. You need to break it down. One way of doing this, is to put each part of the puzzle on a separate chart. That way you have a check list, moving say, left-to-right on your trading set-up. Trading only one instrument makes this easy. Colours carry weight. They can, without you realizing it, cause stress in a trader's mind. Interference, if you will. Thin them out and dilute the effect.

Lastly - well, lastly for the really major stuff - is that, well, you have no doubt heard of the Fear of Failure? Well, what you may have - and as it is what I had, I recognise that you may indeed be the same - is instead, wait for it...Fear of Success.

Now, I know that sounds absolutely absurd. How can anyone be scared of being successful?

Well, with success comes change. Humans resist change. They would much rather take the easy route than take the road less travelled. Change is, let's face it, fk'n scary!

So, you get the trader's equivalent of the golfer's yips. All the talent in the world - and all of a sudden you can't make a 6-inch putt to save your life.

Here's a quote from somewhere or other that I have sitting around:

''Procrastination is the fear of success. People procrastinate because they are afraid of success that they know will result if they move ahead now. Because success is heavy, carries a responsibility with it, it is much easier to procrastinate and live on the ''someday I'll'' philosophy.
- Denis Waitley

So where now?

As I said...that was me. I know it. I own it.

You need to utterly trust the process. You must have practiced it till your eyes bleed. You are soooooooooo lucky - you have a treasure map provided by Cap'n Digger showing you the way.

I won't go into the practicalities of trading live - start super small blah, blah, blah. You already know all that. This is not about the technicalities. This is about the machine inside your head.

Believe in it. Believe in yourself. Visualise that success. Banish all negative thought. If you find yourself thinking...but what if it?...then smack yourself across the face and don't trade live the rest of that day. Demo it and see it go on to success. Then instead of beating yourself up about how you missed it...congratulate yourself that you got it right. Add it to your Believe in Yourself file.

Anyway. I hope that helps. Makes some kind of sense. Hope you and the guys don't mind me stepping in.

I have used all these techniques through all aspects of the many and various careers (pro-football, pro-sport climbing, film-making...every time facing those same doubts - fed I have to say by the inevitable nay-sayers who say you'll never do it) and it works every time. Honestly.

Have a good 'un.

OK
What now troops.
Have you looked left and put in your home work, sup/res lines on the hourly and any other longer tf info for to days effort.
Are you keeping an eye on the daily tf for bias and any other clues.
How do you know what way the market is going to take you for a move, you can not predict that, only preempt at best.
Targets can only be drawn in after completing these simple but vital steps.
Targets are vital and absolute to success in this adventure, how else do you know what your odds are.
Yes you can place a trade under other conditions, breakouts after consolidation for example but only after spending huge hours in front of your cp.
The pictures I have put up are as eye candy simple as you can get, but pick your entry's care fully from them, what I am saying is you do not have to wait for the break out of the triangle, the triangle is drawn on chart to preempt and give clues for my early entry's most times before bar exits the triangle.
We all see and action are thoughts differently, picture scaling is also vital to the above.
Work on these things and as said previously print out, print out, print out those charts ( vanilla or black and white ). practice with out indicators they all lag and repaint and look fantastic after the fact.
The day I lost the indicators I became a trader.
Yes I know Diggs is using a stoch, well you can add that after becoming successful.
If you can not make it with the above very simple charts and some correct scaling you will not make it.
Blunt I know but simple is how it must be.
Cheers all.

Sir I cannot thank you enough for that. I truly enjoyed reading and feel better that you pros have dealt with what I'm dealing with, it is in fact a fear of success as you put it, the thought of going along the current path is much easier, but not where I want or need to be. I appreciate you taking the time to respond to me and give me advice, means a lot to have support. Everything you said is spot on i can't deny anything you've said. wanting it too much, over anlysis paralysis, fear of change, of doing something different to achieve success. As you said success carries much more responsibility then merely losing like the rest, it takes practice, maintenance, patientce everything I need to work on. Again I really appreciate everything you've said and I will drill it into my head.

the quote you used is amazing couldn't have found a better one even if I tried. definitely hit right at home, crazy that one would look at the obvious blocks such as lack of knowledge. fear of failure, but completely overlook the blocks that are actually in the way.

Sorry it took some time to respond, but again I appreciate your time and support and will use your advice well.

Just finish my 2 weeks working, have 1 month off and apply a job near my hometown now checking my health at hospital. Im only 26 but have problems with blood pressure. and back to read this thread a lot of new post. Glad that everyone making money, hope I can do that too

Bit of a head and shoulders forming on H1 and H4, so be weary and observant.

couple runners left,, have a great one all ,, cheers

earlier longs were sttped ,, had to find my place to get in again ,, and I did ,, even tho in tractor ,, .. walk in and see price is around my line ,, ,, the scruff ensues ,, these runners will be stpped ,, every body was a buyer today after asia sold er off to res,,

asia sold it ,, london bought support,,, res got a few tokens smacks ,, it was bought right up again ,,, and now just the shit left behind for the day

I still need to learn more ,from days to days .I was losing to day.I did not pay attention stochs and keep hoping . Continue to learn and need to see your chart over and over .Thanks Digger.

You're more than welcome, buddy. Any time.

stoch is just a tool ,, when you see it held the fifty line after the usa got started ,, ya know its probably gonna be a buy your support lines till eod or at least late in the day ,,,, look at the tails on your hourly and m15 ,, the hourly gives ya some pretty good spots to watch for a spike down too ,,, and if ya put the clues together ,, you will find a spot to swing ,,

what is an open ? inverted head and shoulder pattern off of what? ,,, support ,, weekly pivot was there along with the ole m30 200 the inverted H&S pattern has a projection for ,, wait for it ,,wait for it ,, oh yea a previous high ,,, flag has hit its projection ,,, but the top can and often is used for support ,,, where would one anticipate such a pattern in a bull market ,,, ,, doesent mean there isint sellers ,, res always gets whacked ,, its what mkts do ,, it is a chess match after all and buying or selling makes it move ,,,, buyers winning today ,,,, one level at a time ,,, look at the tails and bodies on ole slow hourly lol,,, less noise to pick thru ,, and the clues left ,,,tracks left ,,, shows ya what its a trying to do weekly open deciding point atm above it ya know where the next level is ,, below ya know the ones tht have to fold and where the last low is

Today after market is closing , Asia will go up , above weekly open and above pivot . I should go long .

took another crack ,,

it always win little but lose more , I was watching when I lose but when i win hurry to get out .May be i have to change that attitude.Can not accept it.Thanks for post chart and i can learn form there.

well several actually ,, dont much give a fck if it goes if it dont ,, been a decent day ,, mostly small ones from tractor ,,, but a few pages ,,these just my spot to sell