All the levels are on the KOG report and posted just above
Its the last day of the month and we have a Powell testimony. Couldn't make this up. Trade safe, trade small and expect the unexpected.
Remember, adapt to the market conditions, this isn't the time to be trading big lots unless you're scalping.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Photo
About an hour to go for this. There's a huge chance he's going to say something that will move the markets. When it comes to news like this the levels will always be respected, however, its the volatility that they cause that get traders in a mess. We also have NFP tomorrow and another Powell testimony so even more madness to come. Ideally the best thing to do in scenarios like this is either trade small or just stay out of the markets. Let them move it to where they want to move it and once its found a strong support or resistance thats when you take your positions. This not only protects your against the manipulation but in most cases gives you a better entry for your target
We said they would manipulate it to make sure they hit stops. If you're in protect this trade, a smaller lot would have allowed you to handle that reversal
Not yet anyway. We'll share the idea when we do. If we miss the entry we miss it, we're waiting lower down though
TIP:
There's nothing wrong with testing levels as we all suffer from FOMO. We have to use it to our advantage though, when you feel like you're missing the chance to get in reduce your lot size, so much so that if the price goes against you you can close that trade and still get a good nights sleep. If it goes your way, you're in and can always add to the trade
There's nothing wrong with testing levels as we all suffer from FOMO. We have to use it to our advantage though, when you feel like you're missing the chance to get in reduce your lot size, so much so that if the price goes against you you can close that trade and still get a good nights sleep. If it goes your way, you're in and can always add to the trade
Month end at KOG. Hope everyone here learnt something and had a successful month.
And Gold above. Well done to those who followed and made the most of some tricky market conditions.
This group only works based on your support. Your likes, shares and comments on TradingView and other social media channels are what keeps this channel free. We committed to keeping this channel free and providing in depth Gold Analysis and trade ideas. Please do support the channel where ever and how ever you can. Please do like the posts we publish. 🙏
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