Forwarded from WolvesVIP
Iβm back guys ! Ready to start Asia ? Iβm starting early today
π₯14β€3π―3
WolvesVIP
Weβre active in VIP π
If youβre ready to join !! Message me βVIPβ @wolvesinfo
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Donβt Miss Out π
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β€5
GOOD MORNING FAMILY! HAPPY FRIDAY! π₯
Today was NFP, so I stayed completely out of the market early this morning and let all that volatility play out
Iβm officially back on the charts now and actively watching price action for a potential trade. But remember guys, ITβS FRIDAY Iβm not forcing anything and Iβm definitely not taking a low quality setup just to trade. If the market gives us something clean with the right confirmations, WE EXECUTE. If not, we protect our capital and finish the week π¦Ύ
Iβll be actively watching PA and keeping you guys updated throughout the session. Letβs have a GREAT Friday and close this week the right way!
Today was NFP, so I stayed completely out of the market early this morning and let all that volatility play out
Iβm officially back on the charts now and actively watching price action for a potential trade. But remember guys, ITβS FRIDAY Iβm not forcing anything and Iβm definitely not taking a low quality setup just to trade. If the market gives us something clean with the right confirmations, WE EXECUTE. If not, we protect our capital and finish the week π¦Ύ
Iβll be actively watching PA and keeping you guys updated throughout the session. Letβs have a GREAT Friday and close this week the right way!
π₯6β€4π―4
WOLVES TRADING
Whoβs active and on the charts with me ?
Message me βREADYβ to see whoβs active @wolvesinfo
π₯22β€3
Gold π
Pair: XAUUSDπ
Side: Long / Buy Limit
Entry: 4433
TP: Open
SL: 4415
Note: past profits do not predict future profits
Risk 0.5-1-2%
TP1 4438 50pipsβ
TP2 4443 100pipsβ
TP3 4448 150pipsβ
Use Proper Risk Management
Pair: XAUUSD
Side: Long / Buy Limit
Entry: 4433
TP: Open
SL: 4415
Note: past profits do not predict future profits
Risk 0.5-1-2%
TP1 4438 50pips
TP2 4443 100pips
TP3 4448 150pips
Use Proper Risk Management
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β€6π₯6
WOLVES TRADING
Gold π Pair: XAUUSD π Side: Long / Buy Limit Entry: 4433 TP: Open SL: 4415 Note: past profits do not predict future profits Risk 0.5-1-2% TP1 4438 50pips β
TP2 4443 100pips β
TP3 4448 150pips β
Use Proper Risk Management
Let's delete this limit ! 30min just closed bearish and very weak volume above ! We don't want price to just switch up on us ! If it works out we look for the same setup above 4440
β€6
WOLVES TRADING
Let's delete this limit ! 30min just closed bearish and very weak volume above ! We don't want price to just switch up on us ! If it works out we look for the same setup above 4440
Again this setup can still play out but the probability are low due to 30min closure and I donβt want to expose myself
β€1
WOLVES TRADING
Gold π Pair: XAUUSD π Side: Long / Buy Limit Entry: 4433 TP: Open SL: 4415 Note: past profits do not predict future profits Risk 0.5-1-2% TP1 4438 50pips β
TP2 4443 100pips β
TP3 4448 150pips β
Use Proper Risk Management
As you can see, it did play out and hit tp1 and tp2 but I didn't like PA !
β€3
THIS IS CALLED A PROBABILITY SHIFT
This is something every trader needs to understand.
You can map out the PERFECT trade. You have your direction, your AOI, your entry, SL, targets and all the confluences behind it
But remember your analysis is based on what price action is showing you RIGHT NOW. The moment PA changes, the probability of your original setup can change with it.
For example:
You planned a BUY because structure was bullish β
Price approaches your AOI β
But suddenly sellers step in aggressively
Bullish structure starts failing
Candles begin closing below important levels
Your original confluences start disappearing
At that point, you have NEW INFORMATION
A bad trader says:
βI already planned the buy, so I'm taking it anyway.β
A disciplined trader says:
βThe reason I wanted this trade is no longer there. Why would I still take it?β
π―THIS IS THE KEY:
Your AOI doesn't make the trade high probability
The reaction FROM your AOI does.
If you originally had 5 confluences supporting your trade and PA removes 2β3 of them before entry, you cannot treat that setup like it's still the same trade
THE PROBABILITY HAS SHIFTED.
That's when you make a decision:
Reduce risk. Wait for more confirmation. Delete the limit. Or completely stay out.
Don't become emotionally attached to your analysis
This is something every trader needs to understand.
You can map out the PERFECT trade. You have your direction, your AOI, your entry, SL, targets and all the confluences behind it
But remember your analysis is based on what price action is showing you RIGHT NOW. The moment PA changes, the probability of your original setup can change with it.
For example:
You planned a BUY because structure was bullish β
Price approaches your AOI β
But suddenly sellers step in aggressively
Bullish structure starts failing
Candles begin closing below important levels
Your original confluences start disappearing
At that point, you have NEW INFORMATION
A bad trader says:
βI already planned the buy, so I'm taking it anyway.β
A disciplined trader says:
βThe reason I wanted this trade is no longer there. Why would I still take it?β
π―THIS IS THE KEY:
Your AOI doesn't make the trade high probability
The reaction FROM your AOI does.
If you originally had 5 confluences supporting your trade and PA removes 2β3 of them before entry, you cannot treat that setup like it's still the same trade
THE PROBABILITY HAS SHIFTED.
That's when you make a decision:
Reduce risk. Wait for more confirmation. Delete the limit. Or completely stay out.
Don't become emotionally attached to your analysis
β€10π₯1
WOLVES TRADING
THIS IS CALLED A PROBABILITY SHIFT This is something every trader needs to understand. You can map out the PERFECT trade. You have your direction, your AOI, your entry, SL, targets and all the confluences behind it But remember your analysis is based onβ¦
Your job isn't to prove your prediction was right. Your job is to respond to what the market is showing you.
I can be bullish at 8:00 AM and completely cancel my buy idea at 8:30 AM if PA gives me enough evidence that my original thesis is becoming invalid
That's not inconsistency.
THAT'S ADAPTABILITY π¦Ύ
Remember this:
PLAN THE TRADE β READ THE REACTION β REASSESS PROBABILITY β EXECUTE OR WALK AWAY.
The best traders aren't married to their bias... They trade the information in front of them
I can be bullish at 8:00 AM and completely cancel my buy idea at 8:30 AM if PA gives me enough evidence that my original thesis is becoming invalid
That's not inconsistency.
THAT'S ADAPTABILITY π¦Ύ
Remember this:
PLAN THE TRADE β READ THE REACTION β REASSESS PROBABILITY β EXECUTE OR WALK AWAY.
The best traders aren't married to their bias... They trade the information in front of them
π₯8β€5π3π―2
Gold π
Pair: XAUUSDπ
Side: Long / Buy Limit
Entry: 4405 4401
TP: Open
SL: 4390
Note: past profits do not predict future profits
Risk 0.5-1-2%
TP1 4410 50pipsβ
TP2 4415 100pipsβ
TP3 4420 150pipsβ
Use Proper Risk Management
Pair: XAUUSD
Side: Long / Buy Limit
Entry: 4405 4401
TP: Open
SL: 4390
Note: past profits do not predict future profits
Risk 0.5-1-2%
TP1 4410 50pips
TP2 4415 100pips
TP3 4420 150pips
Use Proper Risk Management
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π₯7β€2
WOLVES TRADING
Gold π Pair: XAUUSD π Side: Long / Buy Limit Entry: 4405 4401 TP: Open SL: 4390 Note: past profits do not predict future profits Risk 0.5-1-2% TP1 4410 50pips β
TP2 4415 100pips β
TP3 4420 150pips β
Use Proper Risk Management
I'll keep 4405 limit pending till 4:50pm !!! Now in order for us to take a buy here I'll need to see better structure at current PA 4435 4440 !
π―6