Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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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.
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For the first time in a long time we haven't been able to update this group all day due to a busy schedule. Nothing much had changed from yesterdays report, we're still holding runners, we were still looking for price to go higher. We've had another decent day and move, considering the ranging and choppy price action.
This is us at the moment, protected. Quick pips for the end of the day
We had 3 target levels above to add and target
1 and 2 were completed giving the pullback.
3 🤕
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Ranging has been difficult to navigate for some traders as the swings are there to take stops and put your accounts under pressure. Your lot sizes in these markets are really important, you can have a 50/50 win rate, if your money and risk management is on point you'll still be successful. Think about it!
Price flipped the range into order then bounced again. Another opportunity to test the long, we remain with the plan thus far, support below 2318 key level.
Our hot spots, smashed!
Remember this post? What's been happening since is a complete shambles. Now, starts the leaking of courses. If that course is put together from a course which was a course that was too hard for you to learn from, give up! Most of the information you need is online, and it's free! Most of the course are just repackaged rubbish, you'll be wasting your time.
If you're really going to do a course, pay the person who created the course and is delivering the course, the original first hand version. This will be explained to you in detail, you can ask questions and you will develop further by learning live, rather than sitting there confused about how to identify a KFC, some sort of soup, a Choc, what the fcuk is this shit. It's all standard PA with made up words to make it seem like it's a secret recipe.
This is a rant so apologies and I promise we'll get back to business. Camelot is hard work, it's raw, there is a reason we created it this way. The whole server is one big test, if you can navigate it, if you can follow instructions and use the resources, tools and algo while you're learning LIVE, we've shown you can become a successful trader. You have a better damn chance than most I can assure you. Don't be that newbie that goes from one group to another, jumps from one strategy to another, uses a hundreds of indicators, most of which you don't even know how to use. Find one group, one system, one strategy, make sure you have a risk model in place, learn to blooming trade, price action, start with simple support and resistance, copy the charts, the levels, the key regions. Most of all, have patience with the market, have the discipline to sit and wait for a decent set up, have no fear and execute. Don't sit there all day every day looking for chicken feed trades where you'll win twice and one stop loss will wipe out your profits plus your account. We've all been there, we've all done. Time, patience, discipline, money management and EDUCATION!! KOG
No, not an advert for Camelot, we're closed. I hope most take note, motivate yourself to not follow the herd, be your own boss!
Here's a gift for you all. Today's scalping redboxes