Prolonged Consistency Is Key To Success
Good morning #Greatminds, start the day with the thought that whatever you choose to do, needs consistency over a prolonged period of time before success can be achieved!
No one quits half way through an examination and expects to come out in flying colours. Mo Abudu had to be consistent despite the challenges she was surrounded with in her field, today she is leading and winning. So if you are having that 'I think I should quit feeling', you need to remind yourself that consistency over a 'prolonged' period of time is the key to success. Therefore embrace positive vibes.
Remember Thomas Alva Edison? The creator of the light bulb we all use today?
As an inventor, he made 1,000 unsuccessful attempts at inventing the light bulb. When a reporter asked, "How did it feel to fail 1,000 times?" Edison replied, "I didn’t fail 1,000 times. The light bulb was an invention with 1,000 steps.
This is an example of a prolonged consistency.
Great Minds now type ' I WILL BE CONSISTENT '
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A look at the NZDUSD 4-hour chart shows a bearish pin bar rejecting the broken level.
We now have several confluence factors at work. We have a bearish engulfing pattern on the daily time frame at a swing high which broke a key level. We also have a bearish pin bar on the 4 hour chart at new resistance.
This is now a high probability trade, meaning the success rate is well above 50%. Furthermore, the setup above gave us a chance at a 3R trade (23 pip stop loss and a 68 pip profit target). That’s a 6% profit if risking 2%. Moreover, the trade took just 12 hours from start to finish.
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