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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Beautiful, clean session so far πŸ’₯
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FOMC DAY!

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.
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I want you to think about your trading, how you're trading and what you're trading. How is it possible that we are tracking these moves of 100's of pips even before the FOMC release, and even before Fed chairman speaks.
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Camelot Friday today so this group is going to be quiet.
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This week's intra-day trades - All complete 6 out of 6
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Today's key levels are 4040 support and 4080 resistance. That's the play at the moment with a projected retracement on this move on the way
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