Into the level and rejected. Likes here are ridiculous!! This is free analysis that is guiding you level to level on the most manipulated instrument there is. Yet we have freeloaders who take and can't hit the like button!!! Camelot is open for another 12hrs, we've only recruited 3 times in 2yrs, so if you want to get in, get in before it closes for another 6 months. KOG
New traders: Try to stay out of the markets until after the release. Pre-event price action usually ranges tight and will whipsaw in-between. The trade always comes after the event!!
No FOMC Report today. We're 99% staying out of this one for now. Back tomorrow with the morning review. Please hit like for us 🙏
A lot of traders get confused when the markets start to range. A range usually occurs after the price has moved aggressively and needs to take a rest or settle. They do this to accumulate orders in one region, and/or to bring the mean. You will get conflicting patterns and both long and short indications which will make it difficult for some to decide which way to go. When the smaller time frames are not clear, switch to the longer time frames, this gives you a clearer understanding and structure of the chart. In ranges its difficult to hold trades, however, there are opportunities for experienced scalpers to trade within the range.
The below post may help some of you:
https://www.tradingview.com/chart/XAUUSD/gRr0LS05-KOG-Trading-the-Range-Update/
https://www.tradingview.com/chart/XAUUSD/gRr0LS05-KOG-Trading-the-Range-Update/
TradingView
KOG - Trading the Range - Update: for FX:XAUUSD by KnightsofGold
RANGE BOX:
This post was update on the 8th of January. Its a continuation of previous posts about the range box and how to trade it. Please read the linked posts at the bottom.
When the price is in a ranging market look for date og when the price…
This post was update on the 8th of January. Its a continuation of previous posts about the range box and how to trade it. Please read the linked posts at the bottom.
When the price is in a ranging market look for date og when the price…