FOREX WITH CUTHBERTH

Two Types of Traders – Which One Are You? 💡📉 In the world of Forex and trading in general, success is never accidental. The difference between winning and losing often lies not in the market, but in the mindset, preparation, and discipline of the trader. This post breaks down the two main types of traders we often see in the markets—and helps you honestly assess where you stand today. 🛑 Trader 1: The Emotion-Driven Gambler This type of trader enters the market with excitement, hope, and hustle—but *no structure*. Their approach is reactive, random, and based on feeling rather than facts. Here’s what characterizes Trader 1: - ❌ No Strategy: Trades whatever “looks good” without a plan.   - ❌ No Backtested Data: Makes decisions without knowing what works.   - ❌ Doesn’t Track Progress: Doesn’t journal trades or analyze performance.   - ❌ Trades Emotionally: Panic, greed, and fear dominate every move.   - ❌ No Technical Edge: Doesn’t understand pric...

📊 What’s Happening in the Chart? This strategy focuses on trading a momentum shift after a liquidity grab and a break block retest. 1. Liquidity Grab (Fake Out) - Price fakes above a key level (resistance). - Triggers buy stops from retail traders. - Institutions use this moment to grab liquidity (fake breakout). 🔍 Key Insight: A fake out often signals that the market will move in the opposite direction. 2. Break Block Zone - After the fake out, price shifts momentum downwards. - The large red candle breaks through a support zone = Break Block. - This signals a change in market direction from bullish to bearish. 🔍 Break Block = the last bullish candle before the bearish momentum shift. 3. Retest & Confirmation - Price retraces back to the break block zone (gray area). - This is where you wait for confirmation to sell — often via rejection wicks, bearish engulfing, or other price action signals. - Once confirmed, enter a sell trade. 4. Trade Execution Zone - Enter after confirmat...

📊 AB=CD Pattern – The Trader’s Secret Weapon! 📐💰 In the world of forex and financial markets, there’s one truth: patterns repeat. Understanding these patterns gives traders an edge—an ability to anticipate where the market might go next. One of the most powerful yet underutilized tools in a trader’s arsenal is the AB=CD pattern, a classic harmonic structure that reveals symmetry, timing, and potential price reversals. In this guide, we’ll break down: - What the AB=CD pattern is - Why it works - How to use it - Real-life trading examples - And why it’s a must-know for every serious trader 📐 What Is the AB=CD Pattern? The AB=CD pattern is a harmonic price formation that reflects natural market rhythm. It involves two equal legs: AB and CD, which often mirror each other in length and time. The pattern signals a potential reversal point at D, giving traders a precise level to anticipate a change in direction. There are two main types: - Bullish AB=CD – indicates a potential buy opportu...

Monday – Current Affairs & Politics - Read: 20 min of global & local news (BBC, Al Jazeera, Reuters) - Watch/Listen: 20 min political or social issue podcast or YouTube - Reflect: 20 min journaling or discussing with someone what you learned Tuesday – Money, Finance & Economics - Read: 1 article or blog on money, investing, or economic trends - Watch: YouTube explainer (e.g. Ray Dalio, CNBC, Graham Stephan) - Practice: Budget or investment app (like Mint or TradingView demo) Wednesday – Psychology & Human Behavior - Read: Book or summary (e.g. Thinking, Fast and Slow or Atomic Habits) - Watch: TED Talk or animated psychology channel (like Psych2Go) - Reflect: Observe how people around you think/behave Thursday – Tech & Science - Read/Watch: TechCrunch, Veritasium, Kurzgesagt, Wired, MIT Tech Review - Explore: Emerging tech (AI, crypto, biotech) - Test: Try a new tool, AI app, or do a mini coding challenge Friday – Philosophy & Big Ideas - Read: 1 short philosoph...

To be sharp and engaging in any conversation — fun, serious, political, financial, or philosophical — aim for a broad, well-balanced foundation in these key areas: 1. Current Affairs & News - Politics (local and global) - Major world events & trends - Social issues (climate, human rights, etc.) - Basic knowledge of government systems 2. Finance & Economics - How money works (inflation, interest, debt, investing) - Personal finance basics - Global trade, currencies, and markets - Crypto, digital finance trends 3. Psychology & Human Behavior - Emotional intelligence (EQ) - Cognitive biases - Motivation & decision-making - Personality types, communication styles 4. Philosophy & Ethics - Classic ideas (e.g. Stoicism, existentialism) - Morality, free will, meaning of life - Logical reasoning and argumentation 5. Science & Technology - Basic understanding of key concepts (physics, biology, AI) - Emerging tech (AI, biotech, blockchain) - Scientific method and criti...