Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
KOG, how does the daily bias work? We share the daily bias based on the structure of the market and the analysis for the that day only. It's based on Excalibur and it's indications of market movement.
But you're long and the bias is short! Yes, bias can work both ways, it can give you levels to target for the opposite trade, for example, bearish below level is 2020, that means our algo's are telling us that price region is possible. So rather than wait for the level to short it, we'll apply the analysis to trade it towards the level and then look for the reverse trade.
But you're long and the bias is short! Yes, bias can work both ways, it can give you levels to target for the opposite trade, for example, bearish below level is 2020, that means our algo's are telling us that price region is possible. So rather than wait for the level to short it, we'll apply the analysis to trade it towards the level and then look for the reverse trade.
Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
You only need to look above through the history of the daily bias to see how effective and accurate it is. We share it in here to help our followers, the difference is, in Camelot we have pin point levels and of course the take profit levels to enable us to get out, or in at the right times.
Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
To add: A simple post is now turning into a essay! With the bias level, pick a decent trade!! We're not just giving support and resistance levels for content, these are key levels for price to attempt, we could give a BOOM every time they're hit but that would be silly. Use the levels, plot them on your charts, that's the start of level to level trading. If you get a decent trade into a level using the bias, be done with the market. No need to flip on the reverse trade unless there is a clean set up. Vice versa, if you're waiting for the bias level, make sure the set up is clean, use the intermediate levels which are given, and then get in. Implement it into your trading, see how it works.
No clean set up to short as yet so we'll play patience
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https://t.me/KnightsofGold
Find us on:
Website:
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
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.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/qAw8jumb-THE-KOG-REPORT-Update/
We're not around much today on this group. Yesterday we wanted a pull back into that 2345-50 region and said if support held we would target the 2365 and 2370 level. Early session moved it without any pullback so our trade was missed but target completed for those who got in. We're now at support levels here with resistance that 2365-7 mark again on the flip with key level 2345 support which will need to break to go lower. We're in short with trades protected expecting a short bounce around here.
NFP tomorrow, so whipsawing is expected until they start the potential range pre-event. We've done well on Gold again this week netting a phenomenal pip capture, we're not risking trades for cheap pips now unless the set up is right.
NFP tomorrow, so whipsawing is expected until they start the potential range pre-event. We've done well on Gold again this week netting a phenomenal pip capture, we're not risking trades for cheap pips now unless the set up is right.