Going to close out here and be done with the week. Wishing you all a great weekend, please take some time to hit the BOOST BUTTON on the Tradingview ideas

Last week's shared scalps on the indicators:

7 wins / 0 Losses

Round 2 👍

I'll call it a day there.👍

TIP:

Always remember, unless you have large accounts or you're trading micro lots, you're not going to be able to swing trade gold, they simply won't let you hold the trades without going into drawdowns. For us intra-day traders, we need the right levels and set ups to take money from the markets, we can't swing, scalp and intra-day at the same time. All 3 strategies require different risk models and different market conditions

A majority of us are intra-day traders so although we have a bias, it's a bias of the day. Yes, the market is bullish, but we have to look at it on the day and decide, "am I long today or am I short"? This one thing will change your trading game!

Personally, I don't really hold trades and like to start fresh every morning with a clear view of the market and what it's going to do on that day. Maybe it stretched, I don't want to long, I'm looking for a retracement, not to long, why, if it's going down why shouldn't I trade it down. So I look at the retracement levels, look at the indicators, the bias levels and the hot spots, wait for confirmation and take the trade. This way it doesn't matter if its bullish or bearish, goes to the moon or goes to the ground, we take what we can on the day and come back tomorrow.

It's no secret 90-95% of traders are usually in the wrong way of the market, when it's going up they want to short, when it's going down they want to long. Try and adjust that little part of your trading to understand the flow and structure, and go with the price rather than waiting to go against it

If you would like to join a winning team of traders, a community helping and supporting each other, KOG's guidance on the markets, navigation on Gold with levels targets, hot spots and key levels.

What's more? Excalibur and LiTE giving you pin point targets. The Red box and Knights indicators showing and generating signals all day long across any pair available on Tradingview, allowing you to trade independently, the custom volume indicator that tells you when it's good to long, short and play caution across all pairs and instruments. Education, guidance, trading tips, news and so much more.

Click the link below and follow the instructions:

WWW.KNIGHTSOFGOLD.CO.UK