Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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75% taken, let's protect and leave a runner
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
75% taken, let's protect and leave a runner
Hope you're holding your runners!
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GOLD Update - Bias levels still in tact, counter trade complete. Back in again on Key level
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Need to break below 2925
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Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Red Box indicators:
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 box and Knights indicators 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 box and Knights indicators 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.
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Trading in accumulation and volume:
Trading against the volume comes with experience and skill, most of all the levels you're looking at for RIPs need to be precise, on top of that so does your risk model. Break and fail, break and move, if its the latter and you're in the wrong direction, you need to get out as soon as possible with minimal loss. The reason for this is the market is programming you, they're doing that to make you trade against the move, at every immediate support/resistance they're making you think it's the high or the low. It's normal across all traders, we mention it in the group a lot, when price is going up, they want to short, and when price is coming down, they want to long. When you see volume in the markets and the price starts moving, they want you to think it will reverse and correct the move, how many times does that happen?
There are only two ways to trade volume, firstly you're either in on the move and adding to the position, or you just get in from the support/resistance levels on the smaller timeframes. Or, you simply sit it out and wait, they don't usually finish in a day, that means you leave that pair alone, let them take it to where they want to take it, then you get in on the trade, either from support/resistance on the smaller timeframes or you come back the next day, look at where the price is and treat it as a new trade in a new region using the same strategy you always use.
The problem for traders arises when they're trying to counter trade and on top of that they're not using a stop loss. This is what the markets wants, it's quick liquidity for them and a blown account for you.
Don't be that trader that FOMO's in on every candle, most of our time is sat here waiting for the right trade with the highest probability.
Trading against the volume comes with experience and skill, most of all the levels you're looking at for RIPs need to be precise, on top of that so does your risk model. Break and fail, break and move, if its the latter and you're in the wrong direction, you need to get out as soon as possible with minimal loss. The reason for this is the market is programming you, they're doing that to make you trade against the move, at every immediate support/resistance they're making you think it's the high or the low. It's normal across all traders, we mention it in the group a lot, when price is going up, they want to short, and when price is coming down, they want to long. When you see volume in the markets and the price starts moving, they want you to think it will reverse and correct the move, how many times does that happen?
There are only two ways to trade volume, firstly you're either in on the move and adding to the position, or you just get in from the support/resistance levels on the smaller timeframes. Or, you simply sit it out and wait, they don't usually finish in a day, that means you leave that pair alone, let them take it to where they want to take it, then you get in on the trade, either from support/resistance on the smaller timeframes or you come back the next day, look at where the price is and treat it as a new trade in a new region using the same strategy you always use.
The problem for traders arises when they're trying to counter trade and on top of that they're not using a stop loss. This is what the markets wants, it's quick liquidity for them and a blown account for you.
Don't be that trader that FOMO's in on every candle, most of our time is sat here waiting for the right trade with the highest probability.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Job done, targets completed. Change of bias today worked well, let's see where they close
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You're all welcome to invite others to join the group, benefit from what is shared and trade together with us.
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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.
https://t.me/KnightsofGold
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/
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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These are the indictor hotspots to help you guys.
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