No FOMC Report today. We're 99% staying out of this one for now. Back tomorrow with the morning review. Please hit like for us 🙏
A lot of traders get confused when the markets start to range. A range usually occurs after the price has moved aggressively and needs to take a rest or settle. They do this to accumulate orders in one region, and/or to bring the mean. You will get conflicting patterns and both long and short indications which will make it difficult for some to decide which way to go. When the smaller time frames are not clear, switch to the longer time frames, this gives you a clearer understanding and structure of the chart. In ranges its difficult to hold trades, however, there are opportunities for experienced scalpers to trade within the range.
The below post may help some of you:
https://www.tradingview.com/chart/XAUUSD/gRr0LS05-KOG-Trading-the-Range-Update/
https://www.tradingview.com/chart/XAUUSD/gRr0LS05-KOG-Trading-the-Range-Update/
TradingView
KOG - Trading the Range - Update: for FX:XAUUSD by KnightsofGold
RANGE BOX:
This post was update on the 8th of January. Its a continuation of previous posts about the range box and how to trade it. Please read the linked posts at the bottom.
When the price is in a ranging market look for date og when the price…
This post was update on the 8th of January. Its a continuation of previous posts about the range box and how to trade it. Please read the linked posts at the bottom.
When the price is in a ranging market look for date og when the price…
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Invite link:
https://t.me/KnightsofGold
Find us on:
Instagram:
https://www.instagram.com/knights_of_gold/
Twitter:
https://twitter.com/KnightsOfGold2
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.
https://www.tradingview.com/chart/XAUUSD/q9R5nmtf-XAUUSD-KOG-REPORT/
The KOG Report has been shared on TradingView. Please do support the channel by hitting the like button 🙏
The KOG Report has been shared on TradingView. Please do support the channel by hitting the like button 🙏