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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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
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We wanted higher to get a better shorting opportunity but the breakout came sooner than expected. Our plan was to stop long trades and only look to short, so that level on the break gave a nice move down into our target level given in Camelot 2380 so far. We now have support sitting below 2363, 2355 and 2350 with resistance above 2385 and 2390. For now, again we're too low to attempt taking any more short trades due to the stretch, so we'll watch the support level below. EXC is active again, so expect more downside on Gold unless we break above extreme level 2405
That's the week so far, longs up into the circled region on the KOG Report, level played nicely and move presented itself.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We wanted higher to get a better shorting opportunity but the breakout came sooner than expected. Our plan was to stop long trades and only look to short, so that level on the break gave a nice move down into our target level given in Camelot 2380 so far.…
So the 63 region which also was a hotspot gave a nice bounce for a decent capture which is protected and a majority taken. It's now a matter of this resistance level holding price 2378, it needs to break to give those long above 90 some relief. Otherwise, the stretch continues and we're too low to test any short trades
Thank you very much FTSE
Power of the red boxes
We're done for the day.
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