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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.
❤8👍5
US30 - That's how you catch the bottom
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We'll monitor this now going into next week. Gold. slow NFP so far, we've hit our hotspots so no more trading Gold until it get's to one of our key levels.
NFP. Wait for the price to go where they want to take it, look for a clean set up, then enter the markets if you wish to trade.
The most amount of money is lost and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. They also get stuck in pre-event price action during the ranging and chop without using SL's. This is a recipe for disaster, large lots, small accounts, it only take s a small spike to blow your account. This is not trading, this is gambling!
Casino is open, the drinks are free to entice you, only you can have that discipline to sit and wait patiently for the right moment.
NFP. Wait for the price to go where they want to take it, look for a clean set up, then enter the markets if you wish to trade.
The most amount of money is lost and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. They also get stuck in pre-event price action during the ranging and chop without using SL's. This is a recipe for disaster, large lots, small accounts, it only take s a small spike to blow your account. This is not trading, this is gambling!
Casino is open, the drinks are free to entice you, only you can have that discipline to sit and wait patiently for the right moment.
👍9❤2🔥1👏1
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We'll monitor this now going into next week. Gold. slow NFP so far, we've hit our hotspots so no more trading Gold until it get's to one of our key levels. NFP. Wait for the price to go where they want to take it, look for a clean set up, then enter the…
❤5
Only interested in where it ended up, too late for us to do anytning other than have continued with the short trades. Over an out. Have a good weekend all 👍
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