Your ideal trade for today was the early session long into the levels we had suggested in last nights end of day. CPI is going to drive the markets so expect a choppy session with a few whipsaws thrown in.

Well done if you followed. Bias level completed, we've completed a couple of Excalibur targets on Gold, still looking to complete one more and then we'll see how price reacts

Point to point, level to level, pip to pip trading 💥

Don't be afraid to get it wrong! What most traders do:

Over think
Hesitate
Regret

Plan your trade, you're hardly ever going to get the exact level at the exact time with pin point entries.

Plan, then execute, don't be a afraid, have the confidence to test the levels by reducing your risk, lots sizes are important. You can increase the SL by decreasing the lots size. A great saying "your entry should be someone else's stop loss"

Focus on the process, not the money! You'll make far greater progress. We all get it wrong, but when you learn to manage trades its very hard to blow an account. Trust me on this, it's just practice and consistency with extreme discipline

KOG

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That's what we wanted for the reverse trade in Camelot. Happy to take a majority and protect. This was also shared with you all in yesterdays idea. Please refer to the idea and if you haven't, please hit the boost/like button for us

A common mistake traders make:

As we know, prices go up and down, it's only lately we're seeing even more extreme market conditions across all pairs. What tends to happen is traders get stuck in their mindset, whether that be a bull or a bear. This is hope! We've always said we need to adapt to the markets, when they go up we trade them up, when they go down, we trade them down. What tends to happen at extreme levels is that traders become fixated on their bias, this is either euphoria or because they didn't have a stop loss and have positions stuck in a either direction. So, if they're in longs and the price comes down, they're always looking for a low to go long again, if they're in short and the price goes up, they're always looking for the high to go short again. What is the problem here? Your stop loss, your bias and the "herd mentality".