Bit of a whipsaw start this session with price tapping into the 2455 region and rejecting giving us the move downside. support now at 2420 and below that 2410 as per the KOG Report. Very choppy, would suggest defensive play on this until it settles. Levels are working well

Today's levels

Nice start to the week. We'll want to see how this lower support region behaves but for now that's the short, a majority taken and just in case, a runner left open.

Quick update: As above, we wanted to see how that region behaved, no reaction from that level so no set up to long until now. We have 2360 in mind, as long as it held we wanted 2390-95 to be attacked which is underway now. Markets are a bit wild today so please play caution, the extreme levels are really important.

Red Boxes:

Many of us sit and wait for the perfect entry, I can tell you, unless you're scalping, this hardly ever happens. The key to get an entry is identifying your target region first! Once you have identified that target region, then start looking not for a precise entry, but a region or a zone you want to be testing your entry in. The skill is not getting in too early, and if you get in too late, you're usually going to be the wrong side of the market. So, use the bias and the red boxes, bullish/bearish above/below. Most new traders struggle with basic support and resistance or identifying zones; hence they’ll usually enter the market at the wrong time and place. This is where red boxes are really helpful, you can use them to identify key regions if you’re scalping or use the higher or lower ones for day trading and managing trades in-between.

KOG’s Red boxes are part of our strategy and are added to our targets to further fine tune our entries and exits. We also use them combined with our hotspots and Excalibur/LiTE targets to keep us in the right direction of the markets, allowing us to trade between the levels, scalp in ranges or in low volume periods as well as identify possible turning points on the pair we’re trading.

We’ve been using these now for a few years and they have proven to work extremely well when combined with our other strategy as well as a standalone strategy in itself, once you have experience. You need to have a plan and you will need to have basic knowledge of price action, you can add MA’s, indicators of your choice, and use these with your own strategy to limit your drawdown and identify when you may be in the wrong side of the market.

You will notice the boxes, just like usual support and resistance will give RIPs. Keep an eye on KOG’s bias of the day together with the targets as well as the analysis we share on the KOG Report updates. This will help you to make a plan for the day, then add the red boxes to your charts and hopefully you’ll notice a difference in your trading.

As always, trade safe.

KOG

GOLD - Red Boxes

SILVER - Red Boxes

US30 - Red Boxes

EURUSD - Red Boxes

Test them, see how they work for you. KOG

Seriously try them, you'll notice a difference in your trading

Todays levels

Key level support on the intra-day stands at 2406 with resistance 2420 and above that 2425.