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



KOG

Lovely end to the day. Jumped on for 10mins to put together the report, indicator suggesting the move to come and BOOM!

See you tomorrow for more madness on the markets. KOG

Move complete 👍

Pre-NY:

Resistance here is sitting at 3660-5 with support below 3630 which will need to break to go lower. Bias levels are in tact but not broken so we'll remain neutral for now having successfully hit the hot spot early session giving the move upside.

We'll stick with this for now.

Evening Thought:

Trust the process, don't rush trading. These guys who have been trading 6 months and all of a sudden have paid groups are usually influencers, they don't have the track record or the experience of different market conditions. If they're talking about FVG, mushroom soup, some bullet strategy, dogs and cat patterns, you know they've only been here a few months to a year or so. There is nothing new in the markets, the same patterns and algo have existed for decades, since Jessie Livermore was drawing charts on paper.

Markets repeat, they're historical and once you learn price action and candle stick movement, you'll thank the market gods you made an effort to stay in the game and concentrate on something that is a skill for life. Learn to trade, stop following signals, stop copy trading and asking for account management. No one who has done this has become lucrative in this game.

Put the time in to learn, you will be rewarded for your time. Chess, be strategic, know when you're being played by the market and get out, know when you're playing the market and stay in. If it's exciting, you're doing something wrong. This is the most boring profession there is, but it's damn right worth it. KOG

Big day ahead