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Bias is still active but the range is still in play. We wanted the 2350-55 region for a spike where we got 2354 and then the rejection back up. Caution on longs with small risk, again, expect a sudden burst of volume.

When price is ranging:

Don't get used to it, they do this intentionally. They will play the range, get your confidence up until you start increasing your lots sizes, then they'll move and if you're in the wrong direction, they'll take back everything you make and more. When you have a decent day on the markets, don't try and force a trade, your next trade needs to be even more precise than the last one. A mistake traders make is think to themselves, yesterday I made $100, today I can afford to lose $50 and I'm still up. No, because if you lack the discipline to sit out and wait for an A STAR set up, you'll lack the discipline to stop losing when you get to $50.

Reminder:
If you’re trading an account size:

Less than £500:
LOT SIZE – 0.01 with a MAX LOT SIZE OF 0.03 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.01 lot size will give you flexibility when the market goes against you.

£500 – 1000:
LOT SIZE – 0.02-0.03 with a MAX LOT SIZE OF 0.06 AT ANY GIVEN TIME – You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.02-0.03 lot size will give you flexibility when the market goes against you. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.03, when you reach 10-15pips take 0.02 in profit and set the stop to entry, let 0.01 run to the target with the trade protected.

£1000 – 1500
LOT SIZE 0.05-0.07 with a MAX LOTS SIZE OF 0.10 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.05, when you reach 10-15pips take 0.03 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.

£2000+
LOT SIZE 0.05 – 0.15 with a MAX LOT SIZE OF 0.17 AT ANY GIVEN TIME - . Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.07, when you reach 10-15pips take 0.05 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.

Too many traders get stopped out and blow accounts because their lot sizes are too big. A small reversal on the pair and panic sets in because a high percentage of the account is in drawdown. They take the loss and the market ends up going their way in the end. This is not the way to trade! You will make money but ultimately you will face huge losses on your account. The market is designed to play with your emotions and your greed, you need to use this to your advantage. The only way to protect yourself is money and risk management, it’s a fundamental tool and skill required to trade.

I'm lining the above up to make a point, and I hope you see this as a bit of a tough love. Please have a look at the lot size calculation, this is a guideline but if used correctly with the right risk management system, you will build an account.

My point....If a 30pip drawdown makes you stress and put's your account under pressure, sorry, give up on this dream! Certain things I'm not going to sugar coat. The game is hard team, social media has made you think you can give up your 9-5 and become rich with your £100 accounts. #impossible #fakedream #realitycheck

Don't be that trader, that's 95% of them out there holding on to someone who will give them the secret recipe, the signals that will retire their parents and buy them a house while they spend their days driving up to the marina in their Lamborghini for the afternoon yacht party.

Learn how to trade! How do we know it works, because we've created traders through this process, we're not herding sheep. It works because I've seen people leave this server as successful traders. It works because we have full time traders who are also sharing their knowledge and trade ideas and are here to be part of a community. Put in the work, start with your discipline and your ability to read what the market is telling you.

To add:

A lot of newbies are now into this leaked course bullshit that's trending at the moment. Every trader knows you need one strategy, that strategy is not going to be 100%, it never will be. However, that strategy, with the right risk management will make you money. EVEN IF YOU HAVE MORE LOSSES THAN WINS, think about it! You're out there downloading every FURU's course thinking this will make you a trader, again, never going to work team. On top of that, this is the craziest thing, people are taking a course, trying to make it easier to understand, adding a little twist, then reselling that course telling you that this is so and so's course (not their own), you know who created the original course, yet you will buy/download the 3rd/4th hand copy because you think it will be easier. 🤦‍♂️

Please team, try your best to put some work in and learn this game. These things have to be said, you're in these telegram groups for a reason, you've decided to venture down this road which can give you a future, but it's not going to hand it to you on a plate. KOG

It's giving from the bias level but only a matter of time before either resistance or support breaks. We wanted 2395, got just over 2394. Wouldn't be in a rush to get in now.

You're all welcome to invite others to join the group, benefit from what is shared and trade together with us. 

Invite link:
https://t.me/KnightsofGold

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

Instagram:
https://www.instagram.com/knights_of_gold/

X:
https://twitter.com/KnightsOfGold2

We appreciated all your likes, follows and comments.  Give us a follow, share the group and keep up to date with KOG.