Greed and fear, these are your two biggest demons in this game. The only way around this is to have your strategy, your rules, your strict risk model and your plan. Then, trade it like a robot! Don't look at the money, don't try and get rich quick, small calculated losses and wins, that's what will make the difference. Some of you are trying to trade everything on every candle. When it goes against you, you're quiet, when it goes your way you're spamming the group with the success. Nothing out of the normal here, this is new traders mindset, the market has programmed you to take the little and be happy with it, and miss the big and not talk about it. Once you realise this is a serious game and the market has humbled you, you'll share your trades less and your thoughts more. Think about it. KOG

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.

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.

See you on Sunday for the KOG Report. Wishing you all a great weekend ahead. KOG

Summary:

The anticipation surrounding Fed Chair Jerome Powell's speech at the Jackson Hole Economic Policy Symposium is high, particularly regarding signals on the Federal Reserve's monetary policy direction. Investors are primarily focused on two key aspects:

Timing and Magnitude of the First Rate Cut: Investors are eager to know when the Fed might initiate its first rate cut and by how much. The market is leaning towards the possibility that Powell may hint at a potential rate cut as early as September. However, there is a general expectation that Powell might avoid giving a clear indication of the exact magnitude of this initial cut.

Aggressiveness of Subsequent Easing: There is also significant interest in how aggressive the Fed will be with rate cuts following the first one. However, it is anticipated that Powell will refrain from making strong commitments about a prolonged easing cycle. Instead, he is likely to emphasize the Fed's data-dependent approach, suggesting that future rate decisions will hinge on incoming economic data.

Regarding market reactions, expectations are already dovish. US rates investors are pricing in more than a 65% chance of a 50 basis point cut in September and foresee around 100 basis points of cuts by the end of the year. If Powell confirms a September cut but remains vague about the future rate path, this could disappoint markets that are expecting more definitive guidance. However, a significant reassessment by the markets of the Fed's rate path would be necessary for the US dollar to regain strength.

In essence, while the speech could confirm an imminent rate cut, the lack of aggressive forward guidance might lead to a tempered market reaction, as investors have already set high expectations for dovishness.

We're going to start focusing more on Camelot so will be closing again soon. Last year we said "it's that time of year to focus" so we would close and concentrate on Camelot members. Look at what we did! That time is coming again. What do I get in brief:

RED BOX Indicator - Helping you navigate the markets, entry levels, exits, scalping levels. The red boxes we share here sometimes, all plotted for you automatically on your own screen for you to use

Hot Spots - proven to work on Gold, and keep traders the right side of the market

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EXCALIBUR LiTE - Our very own EA, hitting 95% success, nothing more to say on this

BANK DOCS - Up to date analysis from the top financial institutions with their views and predictions

Fundamentals Channel - Up to date news, analysis and ideas based on fundamental news including a weekly breakdown of past and future events

Live trading floor - Join us and our members live, trading, discussing and planning the next move. The community is like no other we've ever seen, and as many say, "THE BEST COMMUNITY IN THE BUSINESS"

FREE COURSE - Learn about Price action, learn from the trading tips section, and learn from the educational section. Updated regularly to keep our traders ahead of the game.

We've turned novice traders in to full time traders with reviews to prove our strategy, training and platform out performs many others.

The above, and much, much more in Camelot.

Hands off trading 🔥

That's the region we only wanted to short from. Red Boxes agreed, signal activated and BOOM

GBPJPY

Another one