Please have a look at the KOG report, like, comment and support to keep the channel going. Wishing all our followers a great weekend, see you on Sunday for the KOG report

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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

Dear members. The KOG report has been published on TradingView. Please do give us a like and support the channel 🙏

Wishing you all a successful weeks trading ahead. Its going to be another difficult week of movement in our view so please make sure you're responsible with your lot sizes and SLs. We'll share regular updates as usual. KOG

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.

We'll share DXY, Silver and Oil tomorrow.

Also, to the very few members in this group who are copying and pasting our work onto their own groups and sharing it on social media, charging for it!! We are aware of this, don't think it goes un-noticed. Please at least give us a shout out, don't be a greedy, selfish so and so 🙏👍

Quick note from us:

As we're approaching the end of the year on the markets you can see how aggressive they're behaving across all pairs, even pairs that usually don't move that much on a daily basis. In all our time and experience on the markets we have never seen markets this choppy or aggressive in terms of movement and swings. As traders we have to adapt to the market conditions we're in, when they're ranging we trade the range, when they're trending we trade the trend, however, when they're mixed up and swinging in extremes we need to protect our investment in the market. When this happens we reduce lot sizes which give us more flexibility if the market moves against us and gives us time to think about a plan without panic setting in. Please refer to our lot size breakdown to get an idea of what lot sizes to use in accordance to account size.

Not much in the news until Weds when we have FOMC.

Wait for price to settle before taking longs

Important

It looks like there is still room for this to go lower but the pattern is complete. As we suggested earlier, small lots allow you to move with the markets without panic and emotions taking control of your trading. Any trades in this market should ideally be smaller lots than usual so you can be flexible. The way its moving targets will get hit, however, before it reaches targets it will make sure it triggers stops and stop orders. Where are you would usually trade 0.10 lots think about reducing that to 0.2/3 lots

Daily close is really important. Close below and we open up those lower levels like we said in the KOG report.

Can not say this enough!! Charts are moving in their directions but don't let anyone tell you trading this is easy!! Markets are EXTREMELY rough and aggressive!

Lots sizes and money management are very important if you want to survive these conditions