Remember, the trade comes after they have moved it! Have patience in your trading
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Anyone entered out of FOMO at the bias level, would suggest you protect it
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Resistance 2513 needs to break
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Not a bad day on the markets but not as good as the week we've had so far. Gold, bias level gave just over 50pips, majority taken and closed at BE.
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We're done, see you tomorrow.
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Find us on:
Website: Join us here (open) π
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/
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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.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Photo
RED BOXES - We share the Red Boxes with you on the hourly chart. Please check the post on 'Red Boxes' below to familiarise yourself with how they work. Camelot members, they get them on their charts, 24/7 on every pair. You see how well they work, now imagine being able to jump on the chart, anytime, anywhere and being able to find a trade.
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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 theyβll 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 youβre scalping or use the higher or lower ones for day trading and managing trades in-between.
KOGβs 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 weβre trading.
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 theyβll 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 youβre scalping or use the higher or lower ones for day trading and managing trades in-between.
KOGβs 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 weβre trading.