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

Need more great explanations like Joker and Digger brother. It was essential to me as well as many students at the subject of my brother Aussi I respect so much. Made too many mistakes yesterday although I lost money but have learned a profound lesson from the images provided by Joker. maybe I let the SL get too tight in NY so I got hit many times. so stupid

jr , was ya buying or selling ?

if you are playing with a real account while learning like me when i started win two trades get stopped out 3 times = loss only to see the trade turn into profit 5mins later . all the books tell you to use a stoploss and people that wrote them were x brokers and people working for them , look at gold yesterday had some sells and look how far it travelled only to wake up this morning to them tped down below , i can give you hundreds of examples of people stoploss getting hit , i do speak about it a lot on this thread ,if you are a scalper why use a stoploss if you are long-term trader with trend why do you need a stoploss , its a hard decision to use or not to use i am sure others have some better explanation . kindest regards

jr , very hard if building a smaller account , where the callous on my noggin came from I suppose , big thing is the swing points , get the cash on the 11.2 pips ha , stops on gumpys , ended much different than I "thought" it was gonna , gumps would have been killed for +1 not so small anymore , but was taught to never give a penny back , price is a dancing up and down with out the practice seems one is on the wrong end of the stick every time , got to have your lines drawn in your mind or on the chart and DONT GO TO THE WELL TOO MANY TIMES , get to a two count or beyond your pushing the envelope if not wantiing a draw down and if wrong and you flat out know it , get the blank out , it usually dosent get better , if one can stand a draw down fine ther was 2 places to take a crack up in new york , there was 3 places to sell , if one done blank in the middle they were screwed with a tight stop

then if one had the hourly 200 on , was another reason to sell , takes something pretty good for it too just blast thru it and the old weekly L3 cam level was there , it just couldnt hold it

jr , price trying to go higher , indis not following , caution caution , hello you seeing this ha , hard to do unless you are up on the wheel and not just trying to compenste when you see it , it really is like grading with a dozer , by time you "see it" you are late and the days open is always a first target if above it, if one planned it , then one cant just start firing till the whites of the eyes on either end , and once again ya dont go to the well too many times till a direction been decided , then its on to the next swing spot

jr , fiddle in the middle along with "thinking" your gonna get burned with a tight stop

jr , something there that said tho shat not pass , gonna have to regroup and try again , next weeks problem , well for ya all anyway

jr , two pretty measured moves up , now into the 2nd one down , boys just fired some paying the bills to keep the lights on crap thru the algo

It hit all my SL in the NY version when I placed a long order mainly with TP 11.2p SL 22.4p (It was too small SL just because I thought to take its TP fast). I will consider Aussi' advice and you trade the levels and try not to install SL. It is a favorite of the stance makers although I have read Aussi' advice from old posts.

Thank you for your quality analysis. I will need more practice. My loss is small in exchange for the experience, maturity, and great trading mindset from you guys here.

Morning everyone. Weekend warrior ready for duty.

This is a penny drop moment for me jr thanks. Many times I have cut myself up overtrading in these areas. It seems you realize what you’ve done several hours later when the damage is done but can’t help yourself at the time, doh. I guess the trick is to spot quickly when price is going sideways, I’m working on that but have definitely noticed taking trades on the retrace a couple of times is good but if price doesn’t make a new high or low then it’s likely to be sideways until a good time of day. Also I keep telling myself if your not trading off a pivot or a line, price action, at the right time you probably shouldn’t be doing anything and your messing in the middle. That’s my understanding so far, the hard part is the discipline and patience to do nothing I really find that hard.

I find the stop loss thing tricky too, as a novice I use one with 20pips as a fail safe but have also been caught out a lot on that but bottom line is (I think) if your getting stopped at 20pips or more your not patient enough and your swinging from the wrong spot. As I improve I find it better to have 10pips and have another go if stopped and on reflection I am mostly in the wrong spot.

Worse though is demo accounts and margin imo. I have blown many and built up many but it’s easy to scramble and pile on and wait for it to return when you have a lot of money behind you. There is a false sense of security. I’ve come to realize you have to build a small account slooooowly and steadily as you say to get in the routine of taking your cash. It’s a bit tedious when you go from demo and thousands of pounds to one in real money but I think this is how to install some discipline , it also hurts more when your wrong but if you keep losing you need to go back to demo, no point in throwing too much money away until you stand a fighting chance imo, we’ll that’s what I’m doing anyway I guess everyone is different.

I’ve been reading here every day and spare hour since March 21 practicing every day and feel I’m almost there, good runs and bad runs but getting there. Just certain things you guy’s say reminds me of other posts and the penny drops once again. Onwards and upwards, cheers to you kind people helping us out on the road to freedom !!

Many thanks,

Ithcy.

1 loss spread changed retrace was to quick but any way 2 buys and winners , reflexes are slowing up old age

this morning filled my 4x4 up with fuel $126.17 on the receipt thats highway robbery in anyone's books

jr could you tell which of these projections is correct. I get confused when I have more than one.

Okay, the second and last today ... I don't have the patience to wait that long for a move. Have a great weekend everyone!

jr , oooy Mr Ruudboss m5 even worse, more noise as its called ,look left see what was pointed out watch your tools , like the flags in the hourly ,jumbled up mess was the game , buyers and sellers , some will win some will lose , some of them sing the blues , wedgie up , flat wedgie waiting for new york the fisticuffs sellers win , eveident by days end , back to where day started

jr , last one , well ya all heard of a nik clause , do ya see it