The most amount of money is lost and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. They also get stuck in pre-event price action during the ranging and chop without using SL's. This is a recipe for disaster, large lots, small accounts, it only take s a small spike to blow your account. This is not trading, this is gambling!
Tonight the casino is open, the drinks are free to entice you, only you can have that discipline to sit and wait patiently for the right moment.
Tonight the casino is open, the drinks are free to entice you, only you can have that discipline to sit and wait patiently for the right moment.
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BANG! Don't think we even need to look at FOMC today. We'll share the report with idea but before hand, please try and hit the boost button on as many ideas as you can all
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/xD7hldVv-THE-KOG-REPORT-FOMC/
No break, bounce from defence. Happy with that. Will they push to 5340?!
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Box to box, level to level, point to point
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Box to box, level to level, point to point
Thank you MOFO
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Watch DXY that's all I'm saying!
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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The heading suggests it's time to think about cautioning longs for a couple of days. We're in the last two days of the trading month, we're seen some extreme conditions and to be honest, even though we didn't capture all of this move, the algo's have given us 2-300pip days easily. What we would have traded in a month, Gold gave us in a couple of hours. Now however, it's time to start sitting on your hands and becoming an observer rather than a participant
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