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

Hesitating to jump in when a great setup stands out:
Knowing that no trades have 100% of probability to work out in your favor, you’ve got to consistently trust the best setup when they occur. Hesitating too much not only will result into not taking a potential winning trade but also is a pre-requirement to another bad practice any trader want to avoid which is chasing a trade. If you’ve missed the best entry (you can rest assure that it will continue to happen from time to time), do not get caught by the fear of missing out. Instead, just wait for the next promising setup before jumping in.


this is a statement from a book some of it is true >>>> the part saying no trade have 100% of probability to work out is wrong

Rushing to take profit when a trade goes as for the plan:

Here is another condition I’m quite confident every trader has experienced. In a rush of being in need for a winning trade, taking a much smaller profit than what it could have been once it is nicely going the way you were planning it to. So, be patient and let it work, especially once you’ve been good enough to put yourself in the driver’s seat.


nothing wrong with getting rid of a trade and taking profits early and get back in on small retraces , how many times have people sat watching there profits disappear into a loss

Why You Should Use a Stop-loss

not going to get into this one so stupid it hurts my head

3 statements from brokers all leading you down the garden path

Stop loss is a pain in the ass. I always have a fight with that shit. I need to put a sl if I cannot monitor closely the trade, issue that ussually happens few days a week. Family obligations, not been a 25 years single trader doesnt help. But also if you trade with let say a position size that can expose more than x % of the account as your maximum risk threashold. For me it works better now the minimum sl at the better spot to the max r:r. And as soon as possible BE+ and forget about the fucking trade. Like grid approach with 2 or 3 shots. but is cause my personal sittuation. I need to get rid of the fucking trade, dont get invlove in every minute of the procces. Its the trader battle. We are encourage to accept the pip value that should allow us to dont give a fuck to sl and broker shit but the anxiety for been capitalized, wealthy and all this little shity things make us loosers. Better to adapt your style to your lifestyle and your way of thinking. Just my personal thoughts about the subject from someone who dont have the balls to low the pip value and say goodbye to the sl. I really think that sl is a fucking waste but not everybody can kick it out

its a subject that eats into the soul and a individual thingie for all traders

Interesting reading on a quiet Sunday
I agree with most views posted but not all but I am only a Forex Layman so will keep my opinions to myself
Most people know that what works for one person may not work for another but as long as the individual is collecting a few Pennies then that is all that matters.

Ronnies Ramblings

Rather hot outside so found my paint brushes and created a couple of quickie charts to amuse myself....Nothing new just a slight variation.....One for scalping and one for longer term trading......Test this coming week....

Sorry Aussi I could not help myself.

well done mate a great painting to hang in your trophy room

I have run out of room so may need to store them in one of your Sheds

15 Minute Chart.

Morning sell

nice gap, and nice ride

Sell added at M15 retracement sell pattern

I found the solution for me in the stop-loss issue in a video that dingoman shared a few a days ago, I didn't practised enough to tell but it's pretty solid



anyways, nothing beats puting the stop loss at BE, at 11,2 or wharever when the price moved a little bit in your direction, hedging is for the absolute mess of an enter

H1 elasticity. Some buys at M15 during Cross stoch

H1 elasticity resumes. Now M30 sell pattern at key level.

Great collecting. Keep it up.

Again H1 elasticity developing and took entry on M15 Low