General guide: If you’re trading an account size:
Less than £500:
LOT SIZE – 0.01 with a MAX LOT SIZE OF 0.03 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.01 lot size will give you flexibility when the market goes against you.
£500 – 1000:
LOT SIZE – 0.02-0.03 with a MAX LOT SIZE OF 0.06 AT ANY GIVEN TIME – You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.02-0.03 lot size will give you flexibility when the market goes against you. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.03, when you reach 10-15pips take 0.02 in profit and set the stop to entry, let 0.01 run to the target with the trade protected.
£1000 – 1500
LOT SIZE 0.05-0.07 with a MAX LOTS SIZE OF 0.10 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.05, when you reach 10-15pips take 0.03 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.
£2000+
LOT SIZE 0.05 – 0.15 with a MAX LOT SIZE OF 0.17 AT ANY GIVEN TIME - . Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.07, when you reach 10-15pips take 0.05 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.
Too many traders get stopped out and blow accounts because their lot sizes are too bit. A small reversal on the pair and panic sets in because a high percentage of the account is in drawdown. They take the loss and the market ends up going their way in the end. This is not the way to trade! You will make money but ultimately you will face huge losses on your account. The market is designed to play with your emotions and your greed, you need to use this to your advantage. The only way to protect yourself is money and risk management, it’s a fundamental tool and skill required to trade.
Less than £500:
LOT SIZE – 0.01 with a MAX LOT SIZE OF 0.03 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.01 lot size will give you flexibility when the market goes against you.
£500 – 1000:
LOT SIZE – 0.02-0.03 with a MAX LOT SIZE OF 0.06 AT ANY GIVEN TIME – You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.02-0.03 lot size will give you flexibility when the market goes against you. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.03, when you reach 10-15pips take 0.02 in profit and set the stop to entry, let 0.01 run to the target with the trade protected.
£1000 – 1500
LOT SIZE 0.05-0.07 with a MAX LOTS SIZE OF 0.10 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.05, when you reach 10-15pips take 0.03 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.
£2000+
LOT SIZE 0.05 – 0.15 with a MAX LOT SIZE OF 0.17 AT ANY GIVEN TIME - . Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.07, when you reach 10-15pips take 0.05 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.
Too many traders get stopped out and blow accounts because their lot sizes are too bit. A small reversal on the pair and panic sets in because a high percentage of the account is in drawdown. They take the loss and the market ends up going their way in the end. This is not the way to trade! You will make money but ultimately you will face huge losses on your account. The market is designed to play with your emotions and your greed, you need to use this to your advantage. The only way to protect yourself is money and risk management, it’s a fundamental tool and skill required to trade.
Gold!! 15M Chart
Stuck in a frustrating range, nice for scalpers but frustrating for traders looking to hold a position. When we're in a scenario like this and you are going to trade then its best to use your levels and trade support to resistance, resistance to support. We've shown the potential trends and the support/resistance levels on the 15M chart to make it easier to see and trade. Just as we suggested yesterday, one of the key levels needs to break in order for this to make its move so we'll remain with no bias to long term direction for now.
Our only position is the short trade we are still holding 30% of from last week which is around 1828 with the stop moved to entry.
Stuck in a frustrating range, nice for scalpers but frustrating for traders looking to hold a position. When we're in a scenario like this and you are going to trade then its best to use your levels and trade support to resistance, resistance to support. We've shown the potential trends and the support/resistance levels on the 15M chart to make it easier to see and trade. Just as we suggested yesterday, one of the key levels needs to break in order for this to make its move so we'll remain with no bias to long term direction for now.
Our only position is the short trade we are still holding 30% of from last week which is around 1828 with the stop moved to entry.
Whats to come? We can see another push up towards that 1818-20 level where we would hope it finds resistance again. Our range is 1809 to 1816/18, accumulation like this before a big news release (NFP) is likely to cause a big break out in Gold . Bulls are looking for 1900 and bears are looking for 1700. What a coincidence, we're consolidating near enough in the middle of both price points!
Please trade safely, ideally with smaller lot sizes than usual and with a stop loss in place.
KOG
Please trade safely, ideally with smaller lot sizes than usual and with a stop loss in place.
KOG
Quiet day for us here at KOG. We're taking it slow before NFP tomorrow. As usual we'll be publishing our NFP projection and trade idea pre-event. Until then trade safe, trade light and make sure you have a strict risk management plan in place. We'll be back tomorrow. KOG
Looks like Gold is making some moves pre-NFP to get both sellers and buyers into positions, this tells us that there could potentially be an aggressive move to come.
Excalibur has given us a long indication on DXY and USDJPY so we need to be careful as both have room to go down first to give entries or go up first and crash down!!
We're looking for two scenarios here on Gold:
Scenario 1:
IF this goes down first towards the 1790-85 level we'll look to take a long position targeting 1808-10 as the first destination. At this level we'll most likely take a large portion of the trade of the table and move the stop to entry to protect it.
Scenario 2:
If this goes up from here to around the 1808-15 level we'll look to short the market towards the lower levels of 1790 and below that 1775-70. At 1790 we'll take a large portion of the trade of the table and move the stop to entry.
We have a key level of 1823-26, this is a crucial price point for Gold as closing above it can lead the price to gather more gains ta
Excalibur has given us a long indication on DXY and USDJPY so we need to be careful as both have room to go down first to give entries or go up first and crash down!!
We're looking for two scenarios here on Gold:
Scenario 1:
IF this goes down first towards the 1790-85 level we'll look to take a long position targeting 1808-10 as the first destination. At this level we'll most likely take a large portion of the trade of the table and move the stop to entry to protect it.
Scenario 2:
If this goes up from here to around the 1808-15 level we'll look to short the market towards the lower levels of 1790 and below that 1775-70. At 1790 we'll take a large portion of the trade of the table and move the stop to entry.
We have a key level of 1823-26, this is a crucial price point for Gold as closing above it can lead the price to gather more gains ta
KOG Report has been published on TradingView. Please do give us a like and follow 🙏
KOG Members, there aren't many Analysts or Traders on social media who openly manifest their Gold Analyses like us. We publicly showcase how we trade, and how we analyse the charts level to level. All the Gold analyses is free.
Many members who have been here from the beginning, will have seen how effective the analysis is in positioning them in the right direction, without getting caught on Gold.
Please do us a favour, share the group with likeminded traders and support us on social media. We want to help as many new traders as we can.
KOG
Many members who have been here from the beginning, will have seen how effective the analysis is in positioning them in the right direction, without getting caught on Gold.
Please do us a favour, share the group with likeminded traders and support us on social media. We want to help as many new traders as we can.
KOG
The group is growing by the day. We would love to help many more traders with our analysis and trade ideas. You're all welcome to invite others to join the group, benefit from what is shared and trade together with us.
Invite link:
https://t.me/KnightsofGold
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https://www.instagram.com/knights_of_gold/
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https://twitter.com/KnightsOfGold2
We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.
Invite link:
https://t.me/KnightsofGold
Find us on:
Instagram:
https://www.instagram.com/knights_of_gold/
Twitter:
https://twitter.com/KnightsOfGold2
We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
Yesterday we said we were expecting this to go down on open, what we didn't expect was what can only be explained as total manipulation by the powers that be! Technically the chart is still adhering to the levels, but the flush would have caused some buyers and sellers serious problems.
Today, we're looking for this to hold at the 1740 level and below that around 1730. We would expect this to potentially go and target the the higher levels of 1770 and above that 1785. Having said that, we're not trading it. We would rather wait for the price to settle and stay away from getting caught in another flush. As we said, institutional selling doesn't usually stop in one day so lets play it safe troops.
1730-40 is key here, breaking this level will likely lead the price to suffer more declines and target that lower wick on the 4H chart again taking with it all the buyers
Today, we're looking for this to hold at the 1740 level and below that around 1730. We would expect this to potentially go and target the the higher levels of 1770 and above that 1785. Having said that, we're not trading it. We would rather wait for the price to settle and stay away from getting caught in another flush. As we said, institutional selling doesn't usually stop in one day so lets play it safe troops.
1730-40 is key here, breaking this level will likely lead the price to suffer more declines and target that lower wick on the 4H chart again taking with it all the buyers
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
XAUUSD Update: We're taking 50% partial profit here and moving leaving the stop where it is
First target hit. We're going to take another 20% here, stop to entry and leave it to run now
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
XAUUSD Update: We're taking 50% partial profit here and moving leaving the stop where it is
If you followed make sure you protect this trade and take partials on it. Next level up is 1770, support is 1750 and below that 1740-35.