BANG! Don't think we even need to look at FOMC today. We'll share the report with idea but before hand, please try and hit the boost button on as many ideas as you can all
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/xD7hldVv-THE-KOG-REPORT-FOMC/
No break, bounce from defence. Happy with that. Will they push to 5340?!
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Box to box, level to level, point to point
Thank you MOFO
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Watch DXY that's all I'm saying!
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Photo
The heading suggests it's time to think about cautioning longs for a couple of days. We're in the last two days of the trading month, we're seen some extreme conditions and to be honest, even though we didn't capture all of this move, the algo's have given us 2-300pip days easily. What we would have traded in a month, Gold gave us in a couple of hours. Now however, it's time to start sitting on your hands and becoming an observer rather than a participant
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Please support us and the free channel by hitting the like/boost 🚀 button 🙏 on our Tradingview ideas
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www.knightsofgold.co.uk
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Evening thought: (I haven't done one for a while)
Team, take a moment and really look at what the markets have been doing lately. They’ve been volatile, irrational, and unforgiving. And nights like this are a good reminder of what trading actually is, and what it isn’t!
Trading isn’t about chasing every candle that flashes on your screen. It’s not about being glued to the charts 24/7, reacting to every move like you’re afraid to miss out. This is a game of strategy, patience, and mindset. The candles are seductive by design, they want you involved at the wrong moment, on the wrong side, with the wrong emotion.
Gold is the perfect example right now. Yes, it’s giving huge moves, mega pips, but you’ve also seen how brutal it can be when you’re positioned wrong. Even traders who were long from strong levels have been taken out. Gold will take liquidity from wherever it can. That’s why it’s one of the most traded instruments in the world, and one of the most dangerous when respect is lost.
Team, take a moment and really look at what the markets have been doing lately. They’ve been volatile, irrational, and unforgiving. And nights like this are a good reminder of what trading actually is, and what it isn’t!
Trading isn’t about chasing every candle that flashes on your screen. It’s not about being glued to the charts 24/7, reacting to every move like you’re afraid to miss out. This is a game of strategy, patience, and mindset. The candles are seductive by design, they want you involved at the wrong moment, on the wrong side, with the wrong emotion.
Gold is the perfect example right now. Yes, it’s giving huge moves, mega pips, but you’ve also seen how brutal it can be when you’re positioned wrong. Even traders who were long from strong levels have been taken out. Gold will take liquidity from wherever it can. That’s why it’s one of the most traded instruments in the world, and one of the most dangerous when respect is lost.
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What I really want you to understand is this...
You can’t just sit down at any random time of day and demand the market give you a trade. Indicators help, tools help, but selecting the best of the best trades is a responsibility that sits with you. I can guide you on direction, I can share charts, but I can’t trade for you, and I can’t give you discipline. That part has to be you and is earned.
You need to learn the process.
You need to learn price action.
And just as importantly, you need to learn when not to trade.
You can’t just sit down at any random time of day and demand the market give you a trade. Indicators help, tools help, but selecting the best of the best trades is a responsibility that sits with you. I can guide you on direction, I can share charts, but I can’t trade for you, and I can’t give you discipline. That part has to be you and is earned.
You need to learn the process.
You need to learn price action.
And just as importantly, you need to learn when not to trade.
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