British Pound / New Zealand Dollar

Lets make a BottomBounceIndicator today=Step by step annotated=

Updated

Today, I am going to try something different. Let's make a Bottom Bounce Indicator. What is a bottom bounce? Bottom Bounce is a move I saw when analyzing a massive drop. The move caught my eye and has become a staple in how I find and catch a falling Knife. I have my weaknesses and demons just like anyone else. I am severely impatient and extremely an emotional creature by nature.
- **Fun Fact**
- There are two (technically three if you combine them and care about people in general) but for our purposes there are two ways to make a decision in life.
- Logical: Everyone has done this before:
  - You want to buy a new car(substitute with whatever gets the juices flowing).
  - You go online, you do your research and you come up with these things that are going to be absolute in your buying decision:
    - Year, Make , Model of vehicle you want
    - Color, style, package, interior
    - Must have features as an absolute! Like Sunroof
    - Dealership you will purchase from (normally closets one because people are lazy and like getting taken advantage of)
    - Price you will pay.(if they knew the invoice it would be that because people don't need to make profits on things that cost 20k+) “oh, you guys will make it back on someone else” (Because everyone believes they are that one person that is above everyone else and deserves things for free) I=(
    - Trade value you won't take a penny less for. (because for some reason everyone believes their car is in Great Condition and showcase ready)
    - Bank they will get their money from or Cash they have to spend(Usually if its cash it's some absurd perfect trade and absolute negative deal that makes the amount of money they have just right.) ;: )
    - Interest rate they will get
    - Amount of money they will put down
    - Years they will finance
    - **I think that covers most of it*** (boy im really going deep into this scenario….)
- Here is where reality sets in…
  - You show up to the dealership and you tell the sales person you are just looking around. (Because you love being tortured by salesmen and you felt, “ hey I don’t get much free time let's go to the dealership and be harassed by salesman” (sounds about right) Finally, you grace the salesman with the right to show you a vehicle.
  - You tell them everything above about the car you want.
    - 2024 Lexus RC350 f package White with Red interior $54,072 +++
- Emotional Decision:
  - While on your much deserved test drive you start to take ownership of this finely crafted out of the most premium of premium hand stitched leather seats and steering wheel, wait what's that the shifter also has the same leather on it. And look at that dash it moves when I start the car! Push button Start, and the LEDS! Sunroof, Navi, Surround Sound, and OMG the seats are like Hugging me!
  - Who cares about Covid and being isolated from people when I can be hugged by this seat! Heated and AC, WHAT! Of course my Honda has it but not like this!
  - The steering wheel doesn’t even shake at like 100 mph, ok the salesman is scared….let me get a hold of myself.
- Trade Details:
  - Trade: 2020 Honda Accord EXL Black with gray interior
  - 55k miles regular maintenance (obvs right before the major 60k mile checkup)
  - tires have been changed once.
  - No Wrecks one owner. New was around $32-34k
  - 4 years old 15k miles ish/yr
- The decision:
  - Location: Local Lexus Dealership inside sitting down looking at numbers…
  - The mood: Serious
  - During the test drive you:
    - Fell in love hard for the vehicle
    - Fun fact: you can't see the outside from the inside.
    - Lexus doesn't make cheap interiors so it doesn't matter the color as it looks way better than the “Cord”.
    - While Driving you started thinking:
      - You know I got that bonus and haven’t touched it, I could put that down as well.
      - I mean I could pay another $100 a month for this.
      - I didn’t think I would like the Blue but I actually love it!
      - Black is so hot but really they are all hot! As far as interiors go.
      - If I could finance this through them, maybe I’ll get a rebate or something and then just refinance it with my bank so I don't have to wait and I can drive home today!
  - Emotional Decisions: replace all logic and throw it out the window, think of it like an extremely efficient Moving company with a crew of like 15 jacked dudes and pull up in an envoy that is reminiscent of a Military Convoy. And literally toss everything you have out the door and windows and load up, take off in less than 15 mins.
  - Then what happens next is they bring in the Decor team which is made up of like every reality show Fix it and ditch it Home Renovation Show put together and within the next 5 mins they fill your home full of new IDEAS! YAY!
  1. Back at negotiations:
    You stand Firm and You tell him with a serious VOICE that you will buy it for 84 months $ 690 with 5k down and that you will take 18k for your trade and not a penny less!
    Finance through them for the rebate but really so you can drive home today. Interest Rate: 7.99%
    All for the Vehicle you test drove:
    2024 Lexus RC350 f package Blue with black interior $53,761++
    After a few hours you finally walk out to see your brand New Car and get handed the 3 C’s =
    See your Car
    See your Keys
    See you Later!
  2. And that my friends is how emotion will destroy your logic every time!
  3. By iCantw84it
    10.30.23
  4. In 2 days its my bday give me a Bday Gift I love Boosts! Plus they are free, if you found this somewhat entertaining, and educational pls like follow and BOOST! Thanks!
  5. *** btw if you want to know the 3rd way just shoot me a message and a
  *** btw if you want to know the 3rd way just shoot me a message and I’ll let you know.

Note

snapshot

I'm going to use this image here.. its fresh and clean it has both.... The nature of this move is that it normally happens back to back one will give you the other.

Note

Im also going to go for identifying a larger time frame first then a smaller

Note

snapshot

Also on:

Related publications

XAUUSD 3rd trade today headed to 1923.50

XAUUSD who's ready for another trade?

XAGUSD Lets go! Just spent the last 4 days coding. Short

GBPNZD No sleeping tonight! Big Multi Timeframe Drop!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.