Key resistance today 2278-80 with key level support now 2260 which could give a temporary bounce, but only for the scalp. We're sticking with the plan, not longing the market unless we get lower pricing. For now, as per the report yesterday, we were looking for a minor turn which happened early session.
Today's educational post was on trading the breakout of a range. How they manipulate the move to take it against you. We need to flow with the market, if we're in the move and it's going our way we stick with it, if however its going against us, we need to know and accept when we're wrong! Learning to trade the accumulation is important, especially when the price range has limited historical data.
There is a post on trading about trading the range, and one on how to trade levels. Check it out, backtest, see how it goes.
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Invite link:
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Find us on:
Website: JOIN HERE👇
www.knightsofgold.co.uk
There is an option to contact us on the the website if you have any queries
Email:
contactknightsofgold@gmail.com
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We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
There's enough there to be happy with and protect. NFP tomorrow, market will want to shake traders up a little so expect the whipsaw and chop!
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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The market is designed to confuse retail traders, the reason for that is they know 95% of you enter these markets with no plan. You’re not aware of the levels, you’re not charting the pairs you trade, and you lack the basic skills to manage your money and your risk. You need to have a plan before you enter a trade, you need to have a strict set of rules, and everything should line up as much as possible before you take the entry. By the time new traders understand they need a plan, they’ve blown their accounts and blame the markets. KOG
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