20190225 (Mon) Pound-Dollar Buy Scenario Analysis "Is that a place where you should enter even if you have to borrow money?"

I had been releasing the pound-dollar buy scenario in advance. ⇒20190225 (Mon) Short-term Scenario - Evening Session

That was the moment I thought I might enter.

The sparkling blue line (1.30716) worked, and there was a long lower wick as well. Recently, the highs were also rising, and it looked good.

If you asked me, “Would you enter if this happened 100 times?” I couldn’t give an instant, firm answer like, “I would definitely enter!”

In other words, it isn’t something simple. That’s how I think at times.

If you asked me, “Would you enter if this happened 100 times?” I can give a form that says, “I would definitely enter!” instantly, in some situations.

I wait for those kinds of moments.

Careful selection is important.

An elder brother figure said this.

“Is that a place you would enter even if you had to borrow money?”

It’s about whether you’re entering with that level of confidence.

I won’t enter easily.

“Is that a place you would enter even if you had to borrow money?”

This, personally, is effective as a self-check to refine your entries.

In reality, you shouldn’t trade with borrowed money, but can you enter even with debt? Is it a move that requires that level of resolve?

That’s the mindset.

Earlier I wrote about the weight of a single move. ⇒The Weight of a Single Move: ‘A Pro’s Move Is Heavy’

There are two types of people who are guaranteed not to profit.

One is someone who trades poorly and enjoys the markets to the extent that they don’t have money problems in daily life.

by Kitaro Hayashi

I think there are few people who lose and are in financial trouble.

It’s natural that a single move tends to be easy.

That’s why you have thoughts of placing it with borrowed money.

If you lose, you’ll be in trouble. You place it with that mind.

Testa-san

“I am doing it knowing that one click could affect the lives and even the lives and livelihoods of my family and loved ones.”

Make a move with that mindset and resolve.

Now, chart analysis. The upward move aligned with the scenario and was aiming to buy.