Have a good weekend all. See you Sunday for the KOG Report. KOG

Quick update:

We have two important levels here, 4110 and 4140. In between we can only scalp, but the stops here are a little big, so what do we do? Our indicator is suggesting we may bounce one of these levels, we haven't broken the bias yet and we're playing accumulation with sentiment exactly neutral. That means retail are uncertain at the moment, so we'll need to whipsaw and create false breakouts to tilt the scales. Until that happens, I can't take long captures like we usually do, we'll simply chill.

The daily is suggesting a retracement, the monthly is still bearish in my opinion. PMI couldn't drive us out, so there is likely to be some news on the way that is going to generate the volume.

Meanwhile - GBPUSD 💥

2 targets already smashed this morning. Support here is at 4107 while resistance is at 4140

This is actually a good reminder. The easiest trade usually requires the most disciplined approach, extreme patience is needed and the ability to just observe the price action. When everything aligns, thats when you execute.

It will never be 100%, but high probability is what it says on the tin. The stop is there to protect you and your capital. Part of the process

Camelot Friday, this group is always quiet. We're still in it though, week done.