FOMC later today. We'll try our very best to put together the KOG report pre-event, usually an hour or so before.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Here's a quick tip: When the price is in a ranging market look for data of when the price was last in its range. Example above shows we had the range, a breakout above and then a break back inside the range. Draw a box around the range and then identify…
TIP:
You see how they did the breakout of the range above and then broke back in. This is the market taking out all the stop losses and activating the buy limits above the range. Once they've taken out the sellers they then come back down to take out the buyers. This is how they make money. Now imagine this the opposite way round, there will be a lot of buy orders, sell stops and buy stop losses waiting below the range low, there is a chance they will attempt to grab this liquidity so please trade carefully. Targets will always get hit, its not rocket science to identify targets, its how you manage your trades and money on the way to those targets that makes the difference
You see how they did the breakout of the range above and then broke back in. This is the market taking out all the stop losses and activating the buy limits above the range. Once they've taken out the sellers they then come back down to take out the buyers. This is how they make money. Now imagine this the opposite way round, there will be a lot of buy orders, sell stops and buy stop losses waiting below the range low, there is a chance they will attempt to grab this liquidity so please trade carefully. Targets will always get hit, its not rocket science to identify targets, its how you manage your trades and money on the way to those targets that makes the difference
FOMC - In our honest opinion the best way to trade this particular FOMC is to not trade it at all or trade it with small lots that allow you to move with the price without panicking if the price goes against you. We have a way to trade these events so will be sitting back on this particular one and observing until we feel the market is at the right level to get into any positions.
In any case, here is the KOG report for FOMC. Please do give us a like 🙏
And please traders....Be careful in these markets.
Very difficult to target these levels guys. If this doesn't move at 7pm they'll be waiting for the press conference at 7:30pm
Thank you to all those who comment and like our posts. It doesn't go un-noticed. 🙏
Right members, thats the initial response to the FOMC release. Now they'll wait for 7:30 for the press conference
They'll be looking for clues on interest rates, inflation etc. Expect more movement to come
Now we have a long wick on Gold which needs to get filled at some point
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Excalibur for FOMC over performing 💥
Now when you add the KOG reports to the Excalibur targets and KOG zones this is what you get!!