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".
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".
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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
If you're following, stop moved to BE now
Partials taken, protected and now we'll let it run
KOG, how does the daily bias work? We share the daily bias based on the structure of the market and the analysis for the that day only. It's based on Excalibur and it's indications of market movement.
But you're long and the bias is short! Yes, bias can work both ways, it can give you levels to target for the opposite trade, for example, bearish below level is 2020, that means our algo's are telling us that price region is possible. So rather than wait for the level to short it, we'll apply the analysis to trade it towards the level and then look for the reverse trade.
But you're long and the bias is short! Yes, bias can work both ways, it can give you levels to target for the opposite trade, for example, bearish below level is 2020, that means our algo's are telling us that price region is possible. So rather than wait for the level to short it, we'll apply the analysis to trade it towards the level and then look for the reverse trade.
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You only need to look above through the history of the daily bias to see how effective and accurate it is. We share it in here to help our followers, the difference is, in Camelot we have pin point levels and of course the take profit levels to enable us to get out, or in at the right times.
Knights of Gold (Gold/FOREX Analysis/Trade ideas) pinned «KOG, how does the daily bias work? We share the daily bias based on the structure of the market and the analysis for the that day only. It's based on Excalibur and it's indications of market movement. But you're long and the bias is short! Yes, bias…»
To add: A simple post is now turning into a essay! With the bias level, pick a decent trade!! We're not just giving support and resistance levels for content, these are key levels for price to attempt, we could give a BOOM every time they're hit but that would be silly. Use the levels, plot them on your charts, that's the start of level to level trading. If you get a decent trade into a level using the bias, be done with the market. No need to flip on the reverse trade unless there is a clean set up. Vice versa, if you're waiting for the bias level, make sure the set up is clean, use the intermediate levels which are given, and then get in. Implement it into your trading, see how it works.
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And there you have it. Pin point entry, pin point target, ran over two days, managed, protected, partials taken and then TP hit 💥
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/RlRSsR12-THE-KOG-REPORT-UPDATE/
Point to point, level to level, pip to pip showcase. Job done team💥
Be a risk manager:
If you can control those losses you will change your trading game. "Become a manager of risk before you become a trader". Losses are part of the game, embrace them and make them your best friend. You should take a loss knowing it doesn't affect you or damage your account, and also knowing that the right trade with the right set up at the right time in the right market condition will make back that loss plus your bonus. Even if you have more losses than winners, if those losses are small and the winners are big, you're on your way. KOG
If you can control those losses you will change your trading game. "Become a manager of risk before you become a trader". Losses are part of the game, embrace them and make them your best friend. You should take a loss knowing it doesn't affect you or damage your account, and also knowing that the right trade with the right set up at the right time in the right market condition will make back that loss plus your bonus. Even if you have more losses than winners, if those losses are small and the winners are big, you're on your way. KOG
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Kind request. Please don't message us asking for VIP membership, Camelot doesn't have VIPs, no one here is more important than any one else. We have members yes, we have a group yes, everyone in it is equal and part of our team.
If you want to join, yes, please message us and we will add your email to the waiting list. You will get a priority email to join before we open again in the future.
KOG
If you want to join, yes, please message us and we will add your email to the waiting list. You will get a priority email to join before we open again in the future.
KOG