Hope that helps some of you. KOG

Hottie Spotty - Thank you very much

Been quiet on the free groups today for us. Sometimes we need a quiet ranging day to just sit back and look at the overall picture. Today was one of those days, we didn't do much on Gold due to the choppy PA but that waiting is the key to trading. We managed to hit both hot spots over the Asia session and broke below the range, however, if you look at the smaller structure you'll find it was showing potential for a FBO

The indicators confirmed the move

The EA activated

BOOM!

Resistance now stands at the 4460 level with support still active at 4420 which I would anticipate the potential range to be. Please remember, this is pre-event price action, your levels have to be on point if you're going to trade

Pre-event price action:

Trend within trends on the smaller timeframes

Patterns that conflict each other - You may get a H&S but with that is a double bottom for example. They do this intentionally to get traders committed to the wrong direction

Ranging price staying close to short term MA's

Swings and spikes all of a sudden - This is a stop loss hunter activation taking liquidity from the high and low of a potential range

Ask yourself these questions:

Do I understand intra-day levels?
Do I understand pre-event price action?
Do I understand trading with ranges and price accumulation?
Do I have a risk model that protects me and my account no matter where the price goes?

NFP Tomorrow as well as other news that is going to make the markets go CRAZY! Time to take the foot off the peddle team. I'm going to close the week here in terms of trading with a full house, 100% hit rate for the week across all pairs in Camelot. Tomorrow, we'll release the NFP KOG Report with our view and potential plan. It's also Camelot Friday. Have a blessed evening. KOG