@tonysnip3r Tony is one of the few Nigerian traders that I have admired from a distance. I don't know him personally. It's spooky that his Buy setup was posted just about same time we posted this Sell setup on our channel. He is a good trader, i.m.o but we see chart differently sometimes.
@Nig_Farmer You are lucky we are allowing you share this planet with us for now. Better make friends with Mr. Musk for a ticket to Mars already. We are going to be louder by the weekend...God helping us!
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I closed the initial sell setup at a drawdown of about $1k to allow for a $4k profit on the Buy setup.
Don't be too proud to make a change when you see an error in your setup. We are on the charts to make money, not to flex. Leave flexing for the forex influencers. Trading is serious business!
@withAlvin__ Werey still carry babe go swim!🤣
Y'all should stop giving Forex trading a bad name, if you continue to trade like gamblers!
Forex trading gives you an opportunity to determine your risk before you even hit the Buy/Sell Button. Your greed got in the way sir. Sha don't drown.
GOLD
The Buy intentions on the H4 is such that I cannot ignore.
I have remained Bullish Biased based on H4.
But we have seen some Sell opportunities on the lower TF (15mins). Funnily and annoyingly as well, the 15mins Supply is still holding for Sells. Trifling situation. 😂
At this point, I am willing to take a small drawdown on the earlier Sell for a Bigger Reward on the next Buy opportunity.
There are times on the chart when you faced with this sort of dilemma. Don't let anyone fool you, even the most seasoned traders get confused sometimes.
We have two options:
See current trade play out on two scenarios being SL hit or TP Hit. For us SL hit will definitely invalidate the Sell setup and give us confidence on the Buy bias. We are usually not wrong twice.
Or, close current trade in small drawdown and wait for the next Buy setup.
Ultimately, the amount of risk you took on the Sell will help you decide better.🤭
THE COMPLETE TRADERS LAB:
If you missed the earlier Sell entry, we have another opportunity to Sell Now, based on our Supply and Demand Strategy.
GOLD: Additional SELL Entry
SL and TP Same as previous setup