Knights of Gold (Gold/FOREX Analysis/Trade ideas)
4H RED BOXES now available on all pairs in Camelot for the swing traders π₯
Thank you CPI. Bias level hit and RIP 60pips reverse trade
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Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Ok team, not really gone down this route before and have never traded funded accounts, but they seem to have become the norm now in the industry so I'll start using them as well. I get asked a lot about what propfirms are the best, I did some research, obviously the top one is FTMO. So I asked our long term broker, did some research and they have their own and from what I've heard they're not bad at all. I have no issues in recommending the broker so paired with that I have no issues recommending the propfirm.
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We continue to attempt to breach the 3130 bias level but to no avail thus far. Support is holding 3120, while 3104 remains as the first bias level target. Not much of a move from CPi, let's see if we can get come volume in the next hour or so.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Price is a series of test on levels. It creates trends or ranges but will always do the same thing. Once we understand this we know it's not the market that is the problem, its us, the trader. If we learn it's behaviour all we then need to do is make sure our money and risk management is up to scratch. It's never 100%, but if we test a level, it breaks, structure suggests it's going against us, don't hold on to hope, or add more in the direction you intended.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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As the post suggest, we can't test the same level again, if it goes back for the BE traders, it can break! We get the flip, bullish above, support on the flip, bang, we execute.
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Learn about the structure and behaviour of the pair you're trading, make sure you are aware of the levels, fine tune them, make sure you are adjusting them daily, hourly on the smaller times frames. Break and close, the flip, support turns to resistance, resistance turns to support, or vice versa.....Risk model up to scratch. No matter where the market goes, up, down, moon, grave, doesn't matter, identify the set up, have your set of rules, and do what you need to.
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β€16
Camelot Friday, we're cleaning trades to prepare for the week ahead. News later that will bring more volatility to the markets, we're reduced lot sizes, sitting on hands only waiting for perfect levels or nothing at all now.
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https://www.tradingview.com/chart/XAUUSD/xgobd3xI-THE-KOG-REPORT/
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THE KOG REPORT for FX:XAUUSD by KnightsofGold
THE KOG REPORT:
In last weekβs KOG Report we said we would stick with the NFP move and look for price to continue long looking for our target region 3050-55. We were already in the move with the trades protected, however, on open we did get closed at BEβ¦
In last weekβs KOG Report we said we would stick with the NFP move and look for price to continue long looking for our target region 3050-55. We were already in the move with the trades protected, however, on open we did get closed at BEβ¦
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