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

Half a day of waiting but finally TP.

nicely done

[quote=Aussi;14396012]{image}[/quote

I need my Sunglasses Aussi to look at these Pretty Colours

hello to all. I had some very nice comments privately asking about how i scalp etc. I think i mentioned i do not spend a lot of time posting things and explaining things. I believe if a person is going to have success in forex, they need to create the habits for that first. Study is critical. I am pretty sure NONE of the successful traders here trade in precisely the same way. What they all do the same however is STUDY the charts and adapt a system that works for them.
since today it rains here, I will post a reply for all to see, rather than repeat something similar to all those who asked.

First, figure out WHEN each day you have time to actively trade= dedicated work time (DWT) You see in my earlier post I said when i trade and when i study. When i work i work, and trading is my job. Sorry i do not post during those times UNLESS there is no trade epxected for a while. I will try harder to post sometime during my study time.

Then you must set aside more time to STUDY the charts in history of what it did during you DWT.

What does the market do?
What did it do before?
What is it reacting to? (The experts here have said, what did it do, what will it do next?)

Look for patterns of interaction with levels/prices during your dedicated work time. Look at the charts posted by the experts here and see what they did during your DWT. They have years and years of expert info. Who trades during the same hours as you? What did they say. What did they do. Study those charts. What patterns are there?

Decide what kind of trader you are? Do you like to scalp? in/out fast (hopefully ) ie, minutes to hours, or do you want to have a trade stay in longer and make more pips over time? Personally i like in/out, 10p trades ($1 moves), because for me, i see patterns i can use in M15, to hit those things. I am not into hoping, anticipating big moves, although from time to time i see some and catch some.

THen create a system that works for you, keeps you calm, is simple, etc and stick to THAT. do not jump from idea to idea with real money. Test YOUR ideas for sure but do that in demo. Stay in demo UNTIL you have proven to yourself you have something that works. And more important, when it does not work...what are you going to do? when a trade does not work as expected, you either need a stop loss, or you need a system to manage the loss. Figure that out BEFORE you trade live.

So this takes time IN DEMO please! If yo need to make money now, get a job. MOney pressure will make you make bad decisions.

Figure out what size your trades should be. PLEASE do not trade too big! I am not going to tell you how much to risk but when you start a demo account, do it with the amount of money you will actually use in your live real money account. WHY leran to trade with $100,000 if you can not invest $100,000 in a live account. if yo uare going to have a live account with $100, get them to set up a demo for exactl ythat. YOU NEED TO KNOW IF YOUR LOT SIZES, NUMBER OF OPEN TRADES ETC, WILL CREATE A MARGIN CALL. THIS IS VERY IMPORTANT. BROKERS ALL WANT TO GIVE YOU DEMO WITH $10,000 OR MORE SO YOU NEVER GET A MARGIN CALL BUT THAT IS NOT REAL LIFE!

Ok, i end here with my 'advice'. Dinner has been called for me so I will post charts later when i have time, if i have time.
I will post charts but sorry you will have to interpret them. I think they are pretty much obious what things say in them. Theses are things i draw each day during active trade time AND after during study time. Mostly i will post from my simplest chart system but i have several charts each for a different system i use.

[quote=Ced74;14396051] yes mate a tempery thing the devil made me do it

jr , even tht "half" target a pain in the azz "waiting" for on these charts of nothing turds a little fun a few hours before and after rollover , especially on a saturday , Sunday usually a little better, Mr Aussi s approach the best on a staurday , 4 times normal looking for a quarter

yep especially with the spread Jr mate can go from 600 to 2000 in a instant in and out is my game on weekends

jr , oooy , few spotty showers showing up , was getting the old man his "thermos" he says nah , I ll get it shortly , gotta drive ms daisy to church anyway , be the 1st time the ole planting tractor been shut off in a week and 2 days , he will have it down to the decimal point I know its gonna be 4200 point something tho of sugar beets planted , all of ours and a few custom acres
anyway , Mr S and Mr vsk07 ya had a week end , sure the curiousty itch a starting , the ding ding ding of the bell approaching , there ya know where you at ,top down to the blanking minute , whats the plan ? Whats the 1st thing you gonna do when ya show up for "work" and where is that 1st 5.6 or 11.2 gonna come from, some weekly levels will have some different names , quarterly sh-t will all be the same

jr , oops missed a couple , aint been thru this process in a while , it was everyday when the "learning" 1st started , much more "mechanical" these days because I know its the same ole sh-t over and over and over , usually same ole times too

jr ,side note , the old man altho always "looked at" charts some , grain prices and cattle prices , internet came along and it became "easy" to be a "professianal trader" , he can look at ths and tell ya what was happening in his life bout anytime there , my learning and collecting started bout the yellow , 8 th grade far as collecting for pops ,welp be something like this and things much better and many much better off altho not really a "need" for quite a while , the addiction is a bit hard to beat , but he is pretty much there I think , took a bit , he stays away , if he dont welp he gets a mood then the poor ole accountant is screaming himself hoarse, not really "poor" he has had one coustomer for quite a while and he has done well

jr , ha , a couple circles back yonder , 1st , perfect sister born , 2nd , as Ive been told , the sh-t left over ,me , ,still a high light for em ,

well thats me finished for the night a few dollars made

Definitely would love to see some renko charts. Fibs from previous structure are so accurate + renko clearly shows the reaction/unbalance/impulse points.