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Last modified by Drunk Monkey on 2021-12-01 05:26
From version 47.2
edited by Drunk Monkey
on 2021-03-04 05:33
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To version 42.1
edited by Drunk Monkey
on 2021-02-10 13:13
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... ... @@ -1390,167 +1390,6 @@
1390 1390  
1391 1391  If anyone doubts, they will never get it. Proof is no longer required. Time to get busy learning the craft.
1392 1392  )))
1393 -1. (((
1394 -[[I will be including, in today's YouTube video>>https://www.youtube.com/post/UgyOvT7Smza2_hTccFJ4AaABCQ]], a collection of books that were influential in my early development, as The Inner Circle Trader.
1395 -
1396 -In other words, out of over 2000+ books I own, which are worth reading.
1397 -
1398 -The list is small... but good imo.
1399 -
1400 -Talk with you shortly...
1401 -)))
1402 -1. [[Let's talk about books and their influence in development>>https://www.youtube.com/post/Ugy1YM-TDchFqZiEcyx4AaABCQ]]...
1403 -[[image:ICT-03.jpg]]
1404 -1. (((
1405 -[[Day 42>>https://www.youtube.com/post/UgzwoUDDerTMDJwcDrx4AaABCQ]] - Note how the pairs are fickle now. Small swings, no excitement, short term runs to liquidity. Consider that... with what I discussed last night.
1406 -
1407 -This is how you anticipate slow periods and why we trade in the periods of High Probability and leave these periods to Retail to stress over.
1408 -
1409 -Peace of mind and knowing why... it is all part of the learning here.
1410 -
1411 -Enjoy your day... be safe.
1412 -)))
1413 -1. (((
1414 -[[Robbins World Cup Championship>>https://www.youtube.com/post/Ugw1VMlnLiSOe-Cohj54AaABCQ]]
1415 -
1416 -How To Win It...
1417 -
1418 -1) Allow time for the others to dash themselves on the rocks below. None of them are goats... and pressure will cause them to take unreasonable chances on overleveraged bets.
1419 -
1420 -2) Do not use more that 15:1 leverage. Period.
1421 -
1422 -3) Aim for 3 to 5% weekly... hit it then quit it.
1423 -
1424 -4) Scalp only. 10 to 12 pips per day. That's it.
1425 -
1426 -5) Go slow... let the numbers work for you and time will devour the competition.
1427 -
1428 -It is just math and liquidity... don't overthink it.
1429 -
1430 -Now make me proud... image:icon:emoticon_smile
1431 -)))
1432 -1. [[All across the internet>>https://www.youtube.com/post/UgytGh0tlQF9urMX9Ul4AaABCQ]]... calculators are being reached for.
1433 -1. (((
1434 -[[Stop thinking you need big pip hauls>>https://www.youtube.com/post/UgwvwxV3UwleqxQoX8l4AaABCQ]].
1435 -
1436 -You do not.
1437 -
1438 -Everyday there is a way to determine if the daily range will expand higher or lower. That is rule 1... determine bias.
1439 -
1440 -Then just target 5m, 15m or 60m Liquidity with that Bias in a Killzone.
1441 -
1442 -That is how I am going to break the world record... nothing more. Test it now... in fact take 2021. I am allowing it for the taking. image:icon:emoticon_smile
1443 -)))
1444 -1. (((
1445 -[[Hundreds of millions are made every year>>https://www.youtube.com/post/UgxQpmgWeZscyffRR6t4AaABCQ]] and their models are written in scalping algorithms that take very little from each trade... but they do it consistently and money management does the heavy lifting... the Algo does the transactions.
1446 -
1447 -Neophytes measure pips hauls... it is the bottomline that divides us... not average pips per trade.
1448 -
1449 -Let children bicker about those things that keep them in poor performance. Keep the focus on the process... time and consistency will carry you there.
1450 -
1451 -As you were...
1452 -)))
1453 -1. [[Day 43>>https://www.youtube.com/post/UgyKPTA637gAZzl6dkV4AaABCQ]] - Note how EurUsd has traded today. Note yesterday's High. Recall what I mentioned in commentary. Walking the dog... every week.
1454 -1. Day 46 - Much needed weekend is behind me. Bank Holiday today... expectations are low.
1455 -1. [[Quiet market>>https://www.youtube.com/post/UgwnxyqFvKGXImElQel4AaABCQ]], but still precision GbpUsd.
1456 -1. (((
1457 -[[Day 47>>https://www.youtube.com/post/UgwE66wrpzygExGZt4Z4AaABCQ]] - Bitcoin breeched 50k... impressive.
1458 -
1459 -2nd Ammendment concerns have markets in risk off and on a slow news calendar day. Be careful... don't force your will.
1460 -
1461 -EurUsd and GbpUsd delivered where we wanted... be content for now.
1462 -)))
1463 -1. (((
1464 -[[Day 48>>https://www.youtube.com/post/UgwDVzZtIGPUYPXTAAF4AaABCQ]] - Bitcoin looks poised to strike the 52k level I mentioned. Xrp would need to rally from here, or it sleeps below .40 for months.
1465 -
1466 -Dollar flexing on its Daily chart... feels like a squeeze but worth being cautious. Before large moves, stops get taken.
1467 -
1468 -Think.
1469 -
1470 -As you were...
1471 -)))
1472 -1. (((
1473 -[[If you do not take something off here in Bitcoin>>https://www.youtube.com/post/Ugw0zX4BSUHyPcYb6pd4AaABCQ]]... you are a fool.
1474 -
1475 -52k threshold breached.
1476 -Pay The Trader.
1477 -~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_~_
1478 -February 17, 2021 05:54 pm EST
1479 -)))
1480 -1. [[A lot was tucked in that one>>https://www.youtube.com/post/UgzLIsMx_yqKs_g_fc54AaABCQ]]... the apt pupil will collect a few pages of notes from its content. (Wednesday, Feb 17th Weekly Commentary)
1481 -1. (((
1482 -[[Day 49>>https://www.youtube.com/post/UgzMw21ZcTLQJD288G94AaABCQ]] - You are learning the costs of rushing to conclusions... see that you only pay once.
1483 -
1484 -There is an enormous amount of wisdom coming at you. Be mindful that you do not get punch drunk and act on any of it too early.
1485 -
1486 -You'll thank me later down the road... if you listen.
1487 -
1488 -As you were...
1489 -)))
1490 -1. (((
1491 -[[Day 50>>https://www.youtube.com/post/UgwFnI6ZZF1UnM-POih4AaABCQ]] - No surprises... yes?
1492 -
1493 -In good hands.
1494 -)))
1495 -1. (((
1496 -[[Day 51>>https://www.youtube.com/post/Ugz8RYqcnfwEld5wXy14AaABCQ]] - It is a frozen view from my window this morning. The early sunlight reflects off the snow and my light sensitivity begins to build in my eyes. I try to take in as much as I can before reaching for my glasses.
1497 -
1498 -I woke this morning with the thought of how some people, recent times at least, have become monsters. Self-centered myopic selfish mutants... yes, I believe that comes very close to how I would describe some.
1499 -
1500 -The kind that have no ability to control their opinions on matters that would do more harm to a relationship, than to foster trust or openess. For a Mentor and Student relationship... this is crucial.
1501 -
1502 -Submission to learning is hard for some. Some can't do it... as they, their beliefs, indifference, personality flaws will no doubt... do them in. These are unteachable Folks... because they think they know and they do not.
1503 -
1504 -An experienced Teacher understands reasonable and respectful inquiries or concerns in their Students. This is expected and part of the lifecycle of development... and must be balanced & nurtured by the Teacher.
1505 -
1506 -The Student should always be respectfully considerate to the Teacher. There is nothing more destructive to a learning experience than to see a student correcting the teacher, through the lens of ignorance.
1507 -
1508 -This supposes the student is more experienced and need not submit to the process. The Teacher who is offended will lose interest in the development of one like this... and they leave them in their ignorance.
1509 -
1510 -Is it cruel or cultlike for the Teacher to expell or turn away from a student like this? No.
1511 -
1512 -Not to, would only stunt the growth of the ready students... those who collect wisdom, respectfully refrain from needless outbursts and disruptive criticism made from a low vantagepoint.
1513 -
1514 -Prior to sitting down for this comment section public meditation; I was asked in email what type of person finds consistency as a Trader. I was pleased to receive a question like that... and I answered them.
1515 -
1516 -My response was as follows...
1517 -
1518 -Firstly, they must understand themselves and have control and discipline.
1519 -
1520 -Secondly, they must have a sound understanding of the market.
1521 -
1522 -After that...
1523 -
1524 -One who is patient, organized, not given to impulsiveness, understands losing is part of it, trusts their model... even when it might not be followed correctly by them or that it gets it incorrect from time to time.
1525 -
1526 -Finally, one who does not overleverage, overtrade or forget to take partials along the way. One who finds contentment in "enough".
1527 -
1528 -Consistency will overtake the one who does this.
1529 -
1530 -As you were...
1531 -)))
1532 -1. (((
1533 -[[Day 53>>https://www.youtube.com/post/UgzazXAGzoviGve4pq94AaABCQ]] - Everything is still as it should be.
1534 -
1535 -Dollar moving lower ☑
1536 -EurUsd higher ☑
1537 -GbpUsd higher ☑
1538 -
1539 -Bitcoin spooked by Musk. Over 10k points drop in a day... not for the "faint of heart".
1540 -
1541 -Forex might be slower, right now, but it is easy to predict, call and trade without harmful volatility.
1542 -
1543 -Just my opinion, just my stance.
1544 -
1545 -As you were...
1546 -)))
1547 -1. (((
1548 -[[Day 54>>https://www.youtube.com/post/UgyAxhFRUgVn5WTDKUt4AaABCQ]] - 10am EST possible volatility. Be mindful and respect the risk.
1549 -
1550 -The balance of this week, could prove unpredictable. Pick your shots carefully.
1551 -
1552 -As you were...
1553 -)))
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