Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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.
Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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.
Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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.
Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Benefits of keeping a trading journal:
Helps identify your strengths and weaknesses
Helps you find your edge
Helps with risk management
Helps towards your trading goals
Helps keep track of your trades and progress
Helps you become more efficient
Helps identify your strengths and weaknesses
Helps you find your edge
Helps with risk management
Helps towards your trading goals
Helps keep track of your trades and progress
Helps you become more efficient
Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Here's one for free. Copy it, add what you need to and use it. You'll see how much your FOMO will reduce
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/hH5th4b1-THE-KOG-REPORT/ THE KOG REPORT HAS BEEN PUBLISHED
So we didn't get the short as the structure was suggesting a long so we've take the long into the KOG Report level where a majority of the trade should be taken and protected. What we want to see now is if this is a another controlled reaction in this order region
All markets are volatile at the moment:
What can we do? We have to adapt to the market conditions we're in on the day we trade them. In any job you're going to problem solve, come up with solutions, look for opportunities to grow, learn as you progress, do better than your colleagues to get ahead and earn more money. It's no different in this industry. When markets are difficult, stay away or adapt your trading style to the market conditions. When they give, take a lot, when they take, give as little as possible.
What can we do? We have to adapt to the market conditions we're in on the day we trade them. In any job you're going to problem solve, come up with solutions, look for opportunities to grow, learn as you progress, do better than your colleagues to get ahead and earn more money. It's no different in this industry. When markets are difficult, stay away or adapt your trading style to the market conditions. When they give, take a lot, when they take, give as little as possible.
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