John

The sky is blue, but not always blue, the grass is green but not always green🌦️

[$$ @En_Shelton]

#XauUsd Classic Expansion

[$$ @En_Shelton]

Monday ✔️
Tuesday ✔️
Wednesday ✔️✅
Thursday ✔️
Friday ❌

Just a good week.

[$$ @En_Shelton]

#XauUsd ⚡

[$$ @En_Shelton]

#Dxy 1H sells, #EurUsd 1H buys

[$$ @En_Shelton]

#GbpUsd 🥳

[Eric @amerix]

This afternoon we are telling the government to reject the Bloody Ebola Billions.

#RejectEbolaBillions

[Conrad Kulo @ConradKulo]

If @KRACare can not address UDA tax evasion then there is no reason any Kenyan should be asked to pay tax. We can not have a selwctive way of applying the law.

[The Inner Circle Trader @I_Am_The_ICT]

I will say this, again...

I am not going to cuddle your difference of opinion over my faith. If you choose to ingest my content, you are absolutely bound to here about God, Jesus Christ and maybe, scripture references too. I am not apologizing to any of you. I am not going to pipe down about it.

If you can't tolerate it, leave my social media. I couldn't care less. You want to eat from my table but want me to remain quiet about Who set it in the first place.

Kick rocks... Jesus Christ is Lord and God Almighty.

[Trader Theory @tradertheory]

ICT 2024 Mentorship \ Lecture #2 Summary👇

ICT provides detailed trading advice and mentorship to his son Caleb and other listeners, focusing on analyzing price action, identifying key levels, and developing proper trading mindset and habits.

IDEAS:

Focus on relative equal highs/lows and inefficiencies (fair value gaps) forming after 7am to identify trade opportunities

Annotate charts with observations and reflections to reinforce learning and manage emotions

Don't anticipate setups - wait for clear confirmation before considering trades

Be content with small, consistent profits rather than chasing big wins, especially when starting out

Study price action on 15 min, 5 min, and 1 min timeframes, looking for specific patterns at key times

Journal trades and observations without negativity - focus on what you did right and areas to improve

Don't compare yourself to others or rush to be profitable - focus on developing skills through practice

Price movement is algorithmic and scripted, not driven purely by buying/selling pressure

Manage expectations and emotions - don't expect perfection or get overly excited about wins

Be humble and avoid bragging about results - focus on your own development instead

Preserve capital by not quitting your job until you can consistently double your income trading

Focus on one side of market (long/short) based on overall directional bias

Pay attention to price action in first 30 minutes after 7am, 8am, 9am for potential reversals

Don't feel pressured to have an opinion - be comfortable saying "I don't know" sometimes

Avoid being influenced by social media and other traders' opinions when developing your skills

Understand your strengths/weaknesses and trade in alignment with your personality

Be patient and disciplined - don't overtrade or chase missed moves out of FOMO

INSIGHTS:

Consistent small profits are better than inconsistent large profits when developing trading skills

Journaling observations without emotion helps manage fear, greed and regret

Patience and discipline in following rules is more important than making money quickly

Understanding algorithmic nature of markets is key to anticipating price moves

Managing expectations and emotions is crucial for long-term trading success

Developing your own style aligned with personality leads to more consistency

Avoiding comparison to others allows focus on personal growth and development

Studying patterns at specific times of day reveals repeatable phenomena

Being comfortable with uncertainty is important - can't predict every move

Developing skills through practice is more valuable than chasing profits early

Understanding underlying market structure provides context for entries/exits

Focusing on one setup/idea at a time allows mastery before expanding

QUOTES:

"Don't expect perfection. Don't expect everything that you do to be without pain. It's going to be hard, especially in the beginning."

"You have to be content with enough, you know, if, if he gets his rent paid, or half his rent paid with whatever the channel does while he's learning that's a huge advantage."

"Unless you have two years of salary, and you've had consistently being able to double your income with your trades, you have no business thinking about quitting your job."

"Don't worry about trading right now. Don't worry about entering anything. You need to be focusing on what is important in the marketplace right now."

"Your happy ending comes by doing very little and being content with that. That's the secret sauce in trading doing very little and being content with it."

HABITS:

Analyze charts daily focusing on 15min, 5min, 1min timeframes after 7am

Journal observations and reflections without negativity after each session

Study price action patterns at specific times (7am, 8am, 9am)

Practice identifying relative equal highs/lows and inefficiencies

Review trades/journals on weekends to reinforce learning

Avoid social media influences and comparing results to others

Focus on developing skills through practice rather than profits

Be patient and disciplined in following rules and processes

Manage expectations and emotions around trading results

Study algorithmic nature of markets and price delivery

Annotate charts with key levels and observations

FACTS:

Markets are algorithmic and follow scripted patterns at specific times

Volume does not always precede price - algorithms can move price with little volume

Relative equal highs/lows form predictable patterns for liquidity grabs

Fair value gaps and inefficiencies are key levels algorithms target

First 30 minutes after 7am, 8am, 9am often see reversals

London session (2am-5am EST) range provides context for NY session

15-second charts reveal more granular price action than 1-minute

Institutional algorithms use inefficiencies for entries/exits

Price can move significantly on very low volume in thin areas

Brokers may interfere with highly profitable traders' executions

Social media sentiment can be used as a contrarian indicator

Consistent small profits compound better than inconsistent large wins

RECOMMENDATIONS:

Start by analyzing 15min, 5min, 1min charts after 7am each day

Journal observations without judgment, focusing on what worked well

Practice identifying key levels like relative equal highs/lows and inefficiencies

Study price action patterns at 7am, 8am, 9am for potential reversals

Review trades/journals on weekends to reinforce learning and spot patterns

Manage expectations and emotions around trading results to avoid mistakes

Practice proper risk management and position sizing before live trading

Use demo accounts to practice entries/exits without financial pressure

Develop your own style aligned with your personality for consistency

Master one setup/concept at a time before expanding your approach

Preserve capital by keeping your job until consistently profitable

[Merlin @_XXC2_]

https://t.co/09sqNMcWDi

[Steve @Sceptre360]

It's the weekend, time to Backtest , support me by adding this great tool to your toolbox for only 350ksh. Mpesa/call 0742882352.

[CPA Peter Ndirangu @pitandirangu]

UNDERSTANDING WITHHOLDING TAX AND TAX RETURN FILING UNDER KENYA TAX REGIME

ARE THEY FINAL TAX ?

Some are, some are not——

Let’s dive

Withholding tax is a tax withheld at source by person or an entity making payments for services offered or for income earned through a scheme or an investment. You must have encountered this if you are a consultant or a supplier and you were asking yourself why you couldn’t receive the full amount as invoiced!

The withholding agent remits the amount withheld as Tax to the Tax authority on your behalf and the same is communicated to you through a Withholding certificate issued by the Tax authority. Not all income are subject to withholding Tax in Kenya;

Examples of payments/ incomes subject to withholding tax include, among others:
• Management, professional or training fees
• Consultancy fees, Legal fees, Audit fees
• Contractual fees • Winnings
• Appearance at or performance to entertain
• Royalties
• Interest
• Dividends

Some withholding Tax are final while others are not.

If a withholding Tax is final, it means that you are not expected to pay more tax on the income received and hence you are not required to declare that income again when filing the annual Tax return.

If the withholding Tax is not final , it mean that , the tax withheld is deemed as a tax paid in advance which should be offset with the tax payable upon declaration of that income and all other incomes while filing of the annual return.

This means that you will have to declare the income earned wile filing the return, deduct any allowable expense as provided for by the income Tax Act
(Sec 15) and pay any balance of tax after offsetting the Tax withheld at the source.

SO; WHEN IS WITHHOLNG TAX A FINAL TAX
1. When its a withholding Tax on qualifying dividends paid to a Kenyan resident
2. When its a Withholding tax on qualifying interest paid to a Kenyan resident
3. When its a Withholding Tax on a payment to a non-resident person
4. When its a Withholding Tax on interest income from MMF

WHEN IS WITHHOLNG TAX NOT FINAL TAX?

If a withholding Tax is charged on the following income, you should know that it’s not a final tax and hence you are expected while doing your annual returns to declare that income and pay any balance of tax to the Tax man.

1. Withholding tax on non-qualifying interest income
2. Withholding tax on management and professional consultancy fee
3. Withholding Tax charged on insurance commissions
4. Withholding Tax on Legal fees and Contractual fees

If you received such income and a withholding Tax was charged; now you know it was not a final tax and hence you should declare that income when filing your returns .

Disclaimer; This is for information purpose only and any omission does not absolve you from making an accurate return to the expectation of the Taxman. -END-

[Smart Lawrence @Smart_lawrence1]

I’ve been live trading and sharing my trading ideology and strategies for years —completely FREE, and I intend to keep it that way.

I’ve noticed many new traders asking where I stream. For clarity, all my platforms are FREE and open to everyone.(YT,TG,WA)
Links on comment💯👇

[$$ @En_Shelton]

The real question is, are you practicing one kick a thousand times, or a thousand kicks each one time?

One strategy is enough. Get it into your finger tips, and common to your eyes by backtesting.

[Gene @realweirdgene]

The goal this year is simple.
Get closer to God.
Get even more jacked and eat cleaner.
Get wealthier.

Moved to the suburbs at the start of the year to work on my mental and build back routines that helped me get really successful, but this time doing it with God involved.
I really think this world is more evil and degenerate and will get worse, this is why more than ever I think mental and spiritual has to be solid.

(Also peep the leanness from OMAD 😎)

[Nico @WelLdoOnEe]

Once you stop caring what other people think of you, your life will improve dramatically.

[Michael Brown @MrMBrown]

Time for a super unscientific straw poll...right now, are you...?

(RT for sample size appreciated)

[Gene @realweirdgene]

Throughout my 9 year trading journey, I’ve gone through rough patches where it’s market induced. Usually it’s once or twice a year where for like 2-3 weeks, nothing seems to work.
Overtime, I’ve learnt to understand each of these conditions and adapted pretty well adjusting my strategy to reflect it. I believe if you’re not constantly evolving as a trader, you’re almost bound to get swallowed up by the markets.
Had a decent week last week, this is a new week to reflect if we’re starting to make progress back to usual performance. This is mainly for others going through a similar block or have dealt with this before. You’ll be fine lol. Your job is to figure out the solution. You are a problem solver first, that’s what makes you a good trader. Figure shit out. You’ll be fine.

[$$ @En_Shelton]

@xysist Jambo sana. Huko kwa building & construction, si unilink na contractor mmoja wa Electrical Installation apee kijana wangu hapa kazi. Thanks🤝.