Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Quarterly Results for KOG.
Nov 21 - Results from Camelots Trading Room
As we've suggested we're approaching the first target area of 1795-7. We've now taken a majority of profits from any long trades and protected them. We will not be entering anymore longs up here.
Everything is in the KOG report
Everything is in the KOG report
1777 proved to be a nice support and gave multiple entries for longs. Well done to anyone who followed, you should have made some nice profit so far this week.
Dear Members,
As we're approaching the end of the year we're starting to take our foot off the pedal a bit and for that reason you'll notice there isn't as much information being shared across our channels. Its a good time to start taking it easy as there is reduced volume in the markets during the festive period.
Use the time instead to practice and perfect your strategies and learn as much as you can so you're ready to start the New Year fresh and prepared to tackle the markets. We will be doing the same!
We will still share our thoughts on important news releases and try to update on key price movements across the markets.
As we're approaching the end of the year we're starting to take our foot off the pedal a bit and for that reason you'll notice there isn't as much information being shared across our channels. Its a good time to start taking it easy as there is reduced volume in the markets during the festive period.
Use the time instead to practice and perfect your strategies and learn as much as you can so you're ready to start the New Year fresh and prepared to tackle the markets. We will be doing the same!
We will still share our thoughts on important news releases and try to update on key price movements across the markets.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
As we've suggested we're approaching the first target area of 1795-7. We've now taken a majority of profits from any long trades and protected them. We will not be entering anymore longs up here. Everything is in the KOG report
Now is the time to protect and take partials from any shorts from the top
In ranging markets don't wait for target levels
They can quite easily swing it the other way
The movement looks big because they've got us used to the range. It's around 150pip top to here so don't let they play with your emotions.
When they want to move it they will really move it
There you go. Be patient, they'll keep playing until they get you stuck
Keep it safe, control your lot sizes and move with them. Don't wait for levels, in ranging markets they will take you close but move it away just as quickly
Use the finer levels on the charts, we've published the SnR levels here
The higher levels are now open as we suggested in the KOG report. We want the price to close the daily below the 1795-7 level to remain with our bearish bias on this. We're expecting the seasonal move on Gold over the coming weeks however we don't think this is the start of it just yet. We're still in the range so and the breakouts are not extreme. As we've said above, when they want to move it they will move it fast. Trade it small, trade it safe, trade the range and stick to your risk strategy.
For newbie traders. Stay out of these markets, cash is a position in the markets too and a strategy. We're expecting a breakout but they might keep accumulating until FOMC next week. Use this time to practice, learn and improve your charting techniques.
For newbie traders. Stay out of these markets, cash is a position in the markets too and a strategy. We're expecting a breakout but they might keep accumulating until FOMC next week. Use this time to practice, learn and improve your charting techniques.
We will try our very best to publish the KOG Report this Sunday. Please do give us a like and comment on our posts. Wish you a great weekend, KOG.