Trading in accumulation and volume:

Trading against the volume comes with experience and skill, most of all the levels you're looking at for RIPs need to be precise, on top of that so does your risk model. Break and fail, break and move, if its the latter and you're in the wrong direction, you need to get out as soon as possible with minimal loss. The reason for this is the market is programming you, they're doing that to make you trade against the move, at every immediate support/resistance they're making you think it's the high or the low. It's normal across all traders, we mention it in the group a lot, when price is going up, they want to short, and when price is coming down, they want to long. When you see volume in the markets and the price starts moving, they want you to think it will reverse and correct the move, how many times does that happen?

There are only two ways to trade volume, firstly you're either in on the move and adding to the position, or you just get in from the support/resistance levels on the smaller timeframes. Or, you simply sit it out and wait, they don't usually finish in a day, that means you leave that pair alone, let them take it to where they want to take it, then you get in on the trade, either from support/resistance on the smaller timeframes or you come back the next day, look at where the price is and treat it as a new trade in a new region using the same strategy you always use.

The problem for traders arises when they're trying to counter trade and on top of that they're not using a stop loss. This is what the markets wants, it's quick liquidity for them and a blown account for you.

Don't be that trader that FOMO's in on every candle, most of our time is sat here waiting for the right trade with the highest probability.

Another one flies the nest. We're sad when they leave, but so happy that they've achieved their goals and now stand on their own feet trading successfully for the future. One of many who have gone on to be successful in their trading and learnt the KOG methodology

Just in case and for clarity. That move there on the green arrow has already happened and completed. I just left the arrow where it was

Anything that isn't ticked ✅ SL it! Still smashed Gold better than any other group. Going to spend tomorrow concentrating on the analysis and plan for Jackson Hole so this group might be limited. KOG

First part of the move is complete with the pull back into the red box which worked well from the open. Support here is the 3333 level with resistance 3347 while we play the range in the calm.

Quick update:

Liquidity indicators are suggesting a lower low on the way while the red box is broken. As we mentioned in yesterdays report, we were not discounting an undercut hence we are protected. Support here stands at the 3315-20 region while resistance is 3335 which will need to break above. You can see thin volume now pre-event (Powell Speech) 15:00 UK time. Jackson Hole is in progress, and no reporters are allowed inside, so what ever he comes out and says it likely to move the markets.

Over 5yrs we've been making a difference to traders journeys. We've seen them come and go, some have left and set up their own groups through KOG teachings, some have left to become successful full time traders, some remain as successful full time traders and are helping in the group. Most here are learning together, sharing experiences, knowledge, guidance and most of all following Excalibur and LiTE targets, the Red box entry and exit system, and Knights indicators.

It's been a pleasure helping you all and sharing my thoughts and targets. It's Camelot Friday so we'll concentrate on tidying up and closing off positions for a new week ahead. We'll see you on Sunday for the KOG Report.

Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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KOG

There's the undercut pin point on the red box

I think we can call it a day and week here. See you on Sunday for the KOG Report, have a good weekend and don't forget to give us a BOOST on our Tradingview ideas please. ❤️