Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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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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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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More in-depth. First attack on the bias level, short, 200+ pips, HIT and RUN, TAP and BOUNCE trade, protect and manage or I get out.
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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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Website: Join us here (open) πŸ‘‡
www.knightsofgold.co.uk
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That's all we got out of it Asia session. Support 3210, resistance 3234.
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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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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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Last week in Camelot πŸ’₯

Stats as consistent as always, improving month on month, year on year.
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Website: Join us here (open) πŸ‘‡
www.knightsofgold.co.uk
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Last week in Camelot πŸ’₯ Stats as consistent as always, improving month on month, year on year.
Note: Our stats don't include our manual trades or our red box trades. It's unfair to our competition to include those in the stats πŸ˜‚
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