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

Big bar but looking for shorties

here, while we were eating each other over how many pips it would be reasonable to set the sl, mr ced and aussi.

yes its one of those thinggys i always say protect your account small account are vulnerable from brokers but once you have a big account all things are possible

jr , pass thru , tick tock tick tock

closed it, even that the day is evolving prety standard and normaly I will easily hold it, that "air" leaved by the mondays godzilla move is cringing me

I leaved some limit orders at the more evident spots and see what ny open will do, that's what works best for me when I don't see it clearly

I went on a short holiday, it's too cold in Europe at the moment. See you in a few days boys! Have fun.

Taken from Q Mid Point

Damn, I peeked again.

left a runner.. not expecting much from this one

MY experience with stops:
I learned early from my one (and only) teacher. He used 10p stop loss, always. So I did the same. For a year I struggled always getting stopped out right before the trade would make me profits of 10p to ber able to protect. THEN one day at his home where we met EVERY week, I was upset having made what i thought was a perfect entry a few hours earlier at home. Got stopped out by 0.5pip. When i got to his house, that trade would have been up 100p and went on to be over 1000p, in a couple of days. We compared entry. EXACTLY same price, exactly same time. HIS stop was however 13p! 10p PLUS spread. Mine was 10p exactly from entry, AS I HAD BEEN TOLD AND AS I HAD SHOWED HIM FOR A YEAR! What he told me and what he did was different. He had looked at every trade as he taught me. He had NEVER said 10p plus spread. My loss, his win, he rode that trade for a while and made a lot of money. I lost 10p and missed the whole move down. I then was able to see his trade history for that area of the big win trade. He had made 15 attempted trades, all stopped out before he got the winner. He had never told me that either! so 15X13p loss, so about 200p of loss he never mentioned or showed other students.

I stopped 'learning' from him realizing my ONE entry was perfect except for having a stop loss. In fact almost ALL my entries were perfect except for stop loss. Always within 10-20 pip of a perfect spot for a long runner. For quick scalping almost always within 2-3 p. I learned long runners are rare, price almost always goes back just enough to take a stop out if it is posted at broker. Even the Breakeven stop losses were taken out by the market JUST reaching them, then running. I concluded MENTAL stops (only noted in MY BRAIN) are fair. PLacing a 'broker' stop, too soon, will get me taken out very often.
Now for many many years, i trade with NO stop, only in my brain does a stop exist. I scalp mostly to be out of the market most of the time. My trades usually profit withink minutes. On occassion I do think i have a GREAT entry for a 'runner' so i let it go maybe 50p because i find that is the average of a run before a pullback. I will re-enter after taking those 50p, from a new advantageous price to see maybe I get more of a possible run of the market. BUT there are many many many 10p quick profits all day every day, each session, IF you know what you look for.
Mr Aussie is correct as ...protect a small account by using SMALL lot size and very careful stops (broker or brain stops), but with a big account this is not a problem.

longs here

took a loss. predicted it was gonna keep going up but obviously wrong for now

shouldn't have ignored those big wicks up there

as example, trade 10p profit, less than 1 minute. Waited carefully while hunting the entry. Quite accurate, with under 1 pip of pullbak from entry. no stop loss. not the time for a 'runner' although this would give 20p so far but for me a lot of waiting would have happened....i am not patient to wait so long. I rather hunt the next entry than to see if this runs. For me i make more pips this way than keeping runners. Sometimes i get 3 or 4 entries form same price while i would have waited for the runner to give me 20-40pips.
each trader needs to find their style.

here was a quick unanticipated one, not part of my main system, but when i see it i take it. Again under 1 minute in the market.

Green page added, runners left fighting

Looks like you swapped to another style of trading. Hope it works out for ya mate

Yeah, gone crazy haha but have another account with a few slow trades as well and doing FTMO 50k challenge. Last day of a screen time, tomorrow busy again, doing a big project which will last probably till March so not a lot of charts these days but trying both.

this one took 3 minutes. ALMOST closed it for 6 pips partway through since it was taking so long. Did run negative about 3 pips but never went below my mental stop

Nice trades. How many do you usually grab a day?

Not a bad results for 2 days with such a small account. I must train myself to be able to perform every day like this. Oh well one day I'll get there