How to make money even when your Bias is wrong +$5000

Added: 2026-05-13

[00:00:02]Hello guys and welcome back to another content. In today's video, I'm going to show you how you can be wrong and still make money. You know, trading is such an interesting, you know, thing. At times, you can be right and end up losing money or at times you can be wrong and end up making money. So, the same thing with what happened to me this week. You know if you have been following up with my other YouTube channel, I have done a YouTube live stream last week when we got three out on gold and I also did this analysis calling price uh to drop lower and price you know went and delivered successfully to our you know first and second target which was this low, this low and then this low. And then for this week as well I do mention during the last analysis I did on Tik Tok and on telegram I do mention that I am anticipating price to take previous week low which it does it does that on Monday and then I'm expecting more lower prices. So the next draw liquidity I had starting of the week is this uh level 4351 is my next draw liquidity. But that didn't happen. You can see obviously price you know failed to continue going lower and we can see this very aggressive candle that you know closed above or that traded above this fair value and with the look of things we have change of bias technically. So you see I started the week with bearish bias but now my bias has split. I'm now looking for more and more high prices and my next target should be this high around 5,000. Uh my next target should be that very high within this fair value around 5,893.

[00:01:59]And then why do I have change of bias is because fundamentally uh there has been a very very an important headline that has impact in this market. You know there is a war going on between the US and Iran and that war affect what we trade affect gold affects uh crit oil and many more currencies and this war as I mentioned during the live stream if we have this war be escalated. If this war come to an end then definitely the price of gold will stop dropping and start going up and price of crude oil will stop going up and start coming down because if crude oil is selling then we expect gold to be buying and vice versa. So then overnight I was asleep when this came out Trump tweeted about a possibility of the war ending. there is high tendency that we are witnessing the ending of this war and then that is good news for gold and that is why the price you know suddenly went up spike up so before that let's go back into the chart and see what happened so on Monday I wasn't able to catch uh the sell the sell there was there has been a drop I wasn't able to catch the trade but yesterday I realized there is a 4hour fap right here that price is likely going to retrace back into and continue dropping. This very for our fair value gap. I even updated my telegram community and we can see price return back to that fair value gap and it start dropping lower. So I have this buy opportunity on gold where I vote and as I bought from this pattern 15-minut structure my target was the mean threshold of the 4hour fair value gap and price almost kiss my take profit and then it reverse back and remove me at break even. I will not let price remove me in this thread at break even.

[00:03:59]Had it been to say I am in front of the chart monitoring the chart but I was away. So price return back I remove me at break even. So I made no money on this thread and then I as price reached this 4hour fair value gap I was looking for short and then we have this 15inut structure and then this 15 minute bearish fair value premium fair value. I set my limit and you can see that didn't happen when the news came out when Trump tweeted about the possibility of this war ending. Then price invalidated our zone. So you see I was right. I was right initially at the beginning of the week predicting the drop on gold and it was dropping and then I was wrong. Why am I wrong? I wasn't wrong because technically I did something wrong. I happened to take a loss due to the news that came out and that is what mh Larry Williams taught us in his teachings that there is uncertainty in this market. There is uncertainty in this market. So if you believe and you know you are aware of the uncertainty you always approach your trading without uh you know the certainty that it must hit your take profit. ever you almost approach your trades with proper risk management and realistic expectations and that's exactly what happened. I risk accordingly here and the trade took me out. I was wrong. Am I wrong technically? Did I you know disobey one of my checklist? None of the above but none of the affirmation but I was wrong or I say I took loss because of what happened uh because of uh Trump announcement that the war can end and then the bias shifted from bearish to uh from bearish to bullish. So now price is going up. As price is going up, when I woke up in the morning, I realized we are having a very very uh extremely bullish market. And then I wait for this 5 minute structure.

[00:06:01]I waited for this 5m minute structure.

[00:06:03]Price returned back to this 5m minute structure. And that was where I actually took my entry. You can see that was where I took my entry on the five minute structure. You can see it.

[00:06:16]All right. Let me let me show you where I took the entry. You can see it on the 5m minute structure. That is where I executed the trade. And then I made around $1,700 on the trade. And overall, I am on $5,000 profit. I am even about to request for fair today. And yeah, that's it. I took this trade and I was able to catch 4 hour on this particular thread. So you see obviously I am right and I'm wrong but at the end of the day I made profit and this what is what has been going on since the beginning of this war. At one moment uh Iran can make announcement or the US can make announcement and that in fact the market. So you can be right sometimes and lose money and you can be wrong sometimes and still make money. So what is the takeaway from this video?

[00:07:08]The take away from this lecture is you know don't marry a bias. Don't marry a bias. If you have a bias and if the market is not moving on your favor, if the market is moving uh you know opposite of what you have, quickly divulge that bias and start doing what the market is doing. If you are looking for buy and the market is selling, then if the bias shifted, get to understand that the bias has shifted and then do what the market is doing. Always follow the trend. The trend is your brain. And at the end of the day, you know, trade what you see, not what you think. If I if to say I'm to trade what I think, then I will be looking for more and more short and then I'll be getting taken out from this market. But because I'm trading what I see and from the fundamentals, this price is extremely bullish and that's why I was able to catch this trade and I made like around $1,700. I hope you learned something from this video. Until next time, make sure you subscribe, like,