Another pleasant day on the markets. Only thing we have running now is BTC protected and Gold, protected. Both hit, we have a full house and it's not even Wednesday yet.
Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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
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
Seriously, please test them out coupled with some common sense and technical analysis. When you add the Excalibur targets, the hot spots and LiTE, it's like magic!
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 us here (open) 👇
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
📊 KOG's Broker of choice: Hantec Markets
https://hmarkets.com/live-account-pre-registration/?refid=11771&cmp=8d3x4m1u&ent=hm
We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.
https://t.me/KnightsofGold
Find us on:
Website: Join us here (open) 👇
www.knightsofgold.co.uk
There is an option to contact us on the the website if you have any queries
Email:
contactknightsofgold@gmail.com
https://www.instagram.com/knights_of_gold/
https://twitter.com/KnightsOfGold2
https://hmarkets.com/live-account-pre-registration/?refid=11771&cmp=8d3x4m1u&ent=hm
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.
Respect your money:
A lot of traders feel they need to trade every day and throughout the day for some reason. They want to sell it, then buy it, then sell it and then buy it all day long. This, unless you're a professional scalper doesn't work. Even when scalping, traders are looking at the longer time frame charts for direction and then scalping in that direction with huge lots! If you think you're going to be able to trade up and down all day you're only gambling with your hard earned money. Respect your money, respect your account, respect your risk strategy and respect your money management. Don't let your emotions get you into situations because you've over traded, 1-2 good trades a day or even a week, that's all it takes.
A lot of traders feel they need to trade every day and throughout the day for some reason. They want to sell it, then buy it, then sell it and then buy it all day long. This, unless you're a professional scalper doesn't work. Even when scalping, traders are looking at the longer time frame charts for direction and then scalping in that direction with huge lots! If you think you're going to be able to trade up and down all day you're only gambling with your hard earned money. Respect your money, respect your account, respect your risk strategy and respect your money management. Don't let your emotions get you into situations because you've over traded, 1-2 good trades a day or even a week, that's all it takes.