08.02.2026 – DOGEUSD | Counter-Trend Trade
Setup rating: 6.5 / 10 Not a high-probability trend trade, but a valid and structured counter-trend opportunity executed with defined risk and realistic expectations.
Re: Confessions of a Retail Trader - Breaking Down Trades, Mistakes, and Mindset
211.02.2026
NZDUSD BUY Setup rating: 7.5–8 / 10 — very much a process trade.
USDJPY BUY Setup rating: 6.5–7 / 10 — but requires active management.
NZDUSD BUY Setup rating: 7.5–8 / 10 — very much a process trade.
USDJPY BUY Setup rating: 6.5–7 / 10 — but requires active management.
Re: Confessions of a Retail Trader - Breaking Down Trades, Mistakes, and Mindset
313.02.2026
XAUUSD BUY Setup rating: 7.8 / 10 — very much a process trade.
AUDCHF SELL Setup rating: 7.2 / 10 — clean rotation trade, slightly fragile.
XAUUSD BUY Setup rating: 7.8 / 10 — very much a process trade.
AUDCHF SELL Setup rating: 7.2 / 10 — clean rotation trade, slightly fragile.
Re: Confessions of a Retail Trader - Breaking Down Trades, Mistakes, and Mindset
4Hi, thanks for posting your ideas, always useful to see traders perspectives. Hope you don't mind If I post some ideas on the back side?
I see that there is always a problem predicting breakouts from regions of tight consolidation, will it continue down or reverse and go up? General consensus says continuation of direction is the most probable but really no one knows who's sitting on the phone about to place a huge order that will decide the day.
Hence I tend to wait for one side to give in and see price shoot away from the tight range and head towards an obvious goal, then wait for a small pullback on route in a failed attempt to retest the breakaway entry, and then jump in on continuation back towards the goal. The strategy means less reward but does have greater probability of the win.
Don't forget to keep a quick, simple record of each trade. Strategy (eg breakout or pullback reversal), win or lose PLUS risk/reward.
So win/lose ratio can be matched against risk/reward ratio and over a number of trades can be plotted on a graph.
Any plot above the red line is a winning strategy.
so for example: if you're risking 1 to make 2 (R/R ratio 2) then your win rate only needs to be around 33%.
Anyway, back to the charts;
I see that there is always a problem predicting breakouts from regions of tight consolidation, will it continue down or reverse and go up? General consensus says continuation of direction is the most probable but really no one knows who's sitting on the phone about to place a huge order that will decide the day.
Hence I tend to wait for one side to give in and see price shoot away from the tight range and head towards an obvious goal, then wait for a small pullback on route in a failed attempt to retest the breakaway entry, and then jump in on continuation back towards the goal. The strategy means less reward but does have greater probability of the win.
Don't forget to keep a quick, simple record of each trade. Strategy (eg breakout or pullback reversal), win or lose PLUS risk/reward.
So win/lose ratio can be matched against risk/reward ratio and over a number of trades can be plotted on a graph.
Any plot above the red line is a winning strategy.
so for example: if you're risking 1 to make 2 (R/R ratio 2) then your win rate only needs to be around 33%.
Anyway, back to the charts;
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Re: Confessions of a Retail Trader - Breaking Down Trades, Mistakes, and Mindset
516.02.026 CADJPY M30 - BEFORE breakout: 6.8 – 7.2 / 10 If entry waited for confirmed break and retest: 7.8 / 10
For this type of setup in the future, it would be more prudent to wait for a clear bullish displacement candle that shows genuine momentum shifting. Ideally, that move should break the most recent minor lower high, confirming a structural change. Rather than entering during compression, allow price to pull back after the break and participate on the retest. The objective should then be the first opposing liquidity zone or prior resistance area. That pushes it into your >75% requirement category. BUT THIS TIME WE HAVE SOME INSIDE INFO ... LETS SEE
For this type of setup in the future, it would be more prudent to wait for a clear bullish displacement candle that shows genuine momentum shifting. Ideally, that move should break the most recent minor lower high, confirming a structural change. Rather than entering during compression, allow price to pull back after the break and participate on the retest. The objective should then be the first opposing liquidity zone or prior resistance area. That pushes it into your >75% requirement category. BUT THIS TIME WE HAVE SOME INSIDE INFO ... LETS SEE