@UEDCLTD Soroti branch is aware of the low voltage in the area, but they have paid a deaf ear to our cries.
The power demand in the area has surpassed the old transformer's ability. We have businesses to run, but with unreliable power we can't do much.
@mkainerugaba over to u.
@BalaamBarugahar, it's high time u looked into the @UEDCLTD Soroti City office. The irregularities in operations is alarming. Ogasia cell,Madera ward,Soroti city East..a place on ur left enroute Moroto just after Uganda College of Commerce is one that has totally been neglected..
Power outages are soo rampant that you might think we import power as a country.
This is one of the fastest growing areas in Soroti East..home to many student hostels housing students of Soroti University and Uganda College of Commerce..
Met a 32-year-old pulling $1.2 million a year trading.
He is married.
Has 4 kids.
Drives a $550,000 supercar.
Owns a huge house.
Bro really won at life.
I asked him what strategy he uses.
His answer literally shocked me.
He said:
''I determine my bias on the 1H timeframe.''
''I drop to 5M.''
''If I'm bullish, I look for support.''
''If I'm bearish, I look for resistance.''
''Once price gets to my AOI, I look for a candlestick pattern that shows rejection.''
''I place SL at the invalidation of the AOI and I target a fixed 1:2 R:R Ratio.''
''I only trade EURUSD and XAUUSD.''
This is mind-blowing.
Such a simple strategy...
And he makes so much money with it.
“Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.”
— Jesse Livermore
My Friend Has Zero Game and Never Gets Ghosted.
Dude sends one word. Takes hours to reply. Never asks questions.
I told him he texts like he doesn't care.
He said: "Exactly."
That conversation broke my brain.
Here's what I learned watching him operate...
FX TRADING TERMS !
SL --> Stop Loss
TP --> Take Profit
BE -->Break Even
KZ --> killzone
OB → Order Block
BB --> Breaker Block
MB → Mitigation Block
RB -->Reejction Block
FVG--> Fair Value Gap
IFVG -->Inversion Fair Value Gap
BOS--> Break of Structure
CHOCH--> Change of Character
VI → Volume Imbalance
LV --> Liquidity Void
MT --> Mane Threshold
C.E --> Consequent Encroachment
SMT --> Smart Money Technique
LS --> Liquidity Sweep
BSL --> Buyside Liquidity
SSL --> Sell Side Liquidity
EQH --> Equal Highs
EQL --> Equal Lows
PDH --> Previous Day High
PDL --> Previous Day Low
LRLR --> Low Resistance Liquidity
OHCL --> Open High Low Close
OLCH --> Open Low High Cloce
P03 --> Power of Three
AMD --> Accumulation, Manipulation, Distribution
IRL --> Internal Range Liquidity
ERL --> External Range Liquidity
my student called me crying last week
"I finally hit my first $10k month"
I asked what took so long
"I kept getting in my own way"
"how?"
"I'd be up $6k, then give back $4k trying to hit $10k faster. every single month. for 11 months"
"so what changed?"
"I stopped trading after hitting $5k"
"wait, you made $10k by trading LESS?"
"yeah. weeks 1-2: normal trading. once I hit $5k, I'm done for the month. no more trades"
"and that worked?"
"first month I tried it: $5,200. second month: $7,400. third month: $11,800. I literally made more by trading less"
here's the math nobody talks about:
most traders' first $5k is SKILL
most traders' last $5k is GREED
he removed the greed window
kept only the skill window
the market doesn't reward effort
it rewards precision
sometimes the most profitable trade is closing your laptop