Valentino Rossi says he's well aware of how costly a single mistake could be as he vies for a tenth world title and wants to be competitive in Sepang straight from the off.

The Movistar Yamaha rider saw his MotoGP championship lead slashed to 11 points with two races remaining after he finished fourth at Phillip Island while his team-mate and sole title rival Jorge Lorenzo finished second behind winner Marc Marquez.

In an enthralling race in Australia which left Rossi with 'no regrets' but ultimately unhappy, the Italian wants to return to the top step of the rostrum in Malaysia to extend his lead heading into the season finale at Valencia.

"There are only two races for the championship left and it will be important not to make any mistakes," Rossi said. "In Australia we had a good race but it could have been much better. In Malaysia we have to immediately find a good set up. Each session will be important, not just the race itself."

Rossi says the results at Sepang could have a deciding factor in the championship fight and has an outside shot of wrapping up the title in Malaysia if he can secure a 15-point swing over Lorenzo, extending his lead to an unassailable 26 points.

However, the Italian is adamant the championship will be decided in Spain and is gearing up for a royal battle for his tenth world title.

"The race at Sepang is worth a lot and we have to get the best result in each session and then win," Rossi added. "We arrive at the last race of this triple transfer with a good lead, and this is definitely positive.

"Now just we need two good races to finish this successful season off. I'm feeling fine, I'm in good shape and me and the guys of the team are ready to do our best."

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Vale doesn't need Dornas help!!!