Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/qSfyt4Jw-THE-KOG-REPORT-Update/
That was done, small tap and bounce but nothing significant. Nice start to the day though
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We're approaching NFP so we should all be taking it easy on the markets. If you're new to trading or less experienced, know that money in your account is a position in the market, you don't need to trade every day! If you are going to trade, make sure every thing lines up and the chart makes sense to you, the structure is right and please make sure you have a risk model in place. There is nothing wrong with testing the levels, but testing levels with no risk model in place then simply fooling yourself into thinking it's a swing trade, will really damage your account.
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Anyone short the bias level please protect 50pips
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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.
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Pre-event price action:
Trend within trends on the smaller timeframes
Patterns that conflict each other - You may get a H&S but with that is a double bottom for example. They do this intentionally to get traders committed to the wrong direction
Ranging price staying close to short term MA's
Swings and spikes all of a sudden - This is a stop loss hunter activation taking liquidity from the high and low of a potential range
Ask yourself these questions:
Do I understand intra-day levels?
Do I understand pre-event price action?
Do I understand trading with ranges and price accumulation?
Do I have a risk model that protects me and my account no matter where the price goes?
Trend within trends on the smaller timeframes
Patterns that conflict each other - You may get a H&S but with that is a double bottom for example. They do this intentionally to get traders committed to the wrong direction
Ranging price staying close to short term MA's
Swings and spikes all of a sudden - This is a stop loss hunter activation taking liquidity from the high and low of a potential range
Ask yourself these questions:
Do I understand intra-day levels?
Do I understand pre-event price action?
Do I understand trading with ranges and price accumulation?
Do I have a risk model that protects me and my account no matter where the price goes?
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