A big welcome to all the new members of the group. Thank you for your support, likes and follows on all the platforms. If you like what we're doing please share the group with your fellow traders and those who are interested in trading.
We're done for the day. Trades are running, if you entered the last idea please manage this trade accordingly. If you're holding the previous one as well that one is risk free. We want the 2nd one to be the same.
We're done for the day. Trades are running, if you entered the last idea please manage this trade accordingly. If you're holding the previous one as well that one is risk free. We want the 2nd one to be the same.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We're looking for 1733-35 to act as support now and we're going to add to our long position. The previous position has the stopped moved up to 1727 and we've banked 75% of it. Only if support is successful!! First target will be around 1746 with the 2nd being…
Taking 50% and moving the stop to break even on this one. Let's secure it over night.
We're taking another 25% profits on the second long position. That's a total of 75% on both trades now closed
Now the market can do what it wants. We're hunting another trade
4H Levels and trend. We're sitting at what could be the bottom of the trend. Remember trends can never be exact but give us a good indication of what's going on.
Current support 1737
Current resistance 1740
Tight range again, the market is getting ready for a breakout so lets wait and see.
We're still holding our longs from below which we have protected. DXY is looking strong but there's nothing to stop them moving in the same direction.
Current support 1737
Current resistance 1740
Tight range again, the market is getting ready for a breakout so lets wait and see.
We're still holding our longs from below which we have protected. DXY is looking strong but there's nothing to stop them moving in the same direction.
We're looking for a strong close above 1740
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
We're looking for a strong close above 1740
This is why we needed that strong close above 1740. The market structure depended on it. We're close to breaking even on the 2nd trade after banking 75% of the trade at 1738
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Photo
Closed at break even after we banked 75%
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
This is the entry from yesterday which we're still holding. We've moved the stop up to 1727 so the remaining 25% of the trade will close in profit if it hits. We're looking for support around the 1732-33 level
Closed in overall profit after hitting the stop
We're going to wait for tomorrow once all the noise has settled before we get back in to a trade. See you all tomorrow
Hopefully this chart makes sense. This is our plan at the moment. We will update you if it changes.
We're looking for shorts from the 1745-50 level and we're looking to buy from the 1715-10 level....If 1710 breaks we'll wait for it to settle as it can go lower, if 1745 breaks and closes we'll also wait for it to settle.
Right now we're in a tight range on the 4 hour chart. Lower highs and nearly equal lows. The breakout is coming as its compressed enough from what it seems.
We're only scalping at the moment hence we haven't shared our trades.
We're looking for shorts from the 1745-50 level and we're looking to buy from the 1715-10 level....If 1710 breaks we'll wait for it to settle as it can go lower, if 1745 breaks and closes we'll also wait for it to settle.
Right now we're in a tight range on the 4 hour chart. Lower highs and nearly equal lows. The breakout is coming as its compressed enough from what it seems.
We're only scalping at the moment hence we haven't shared our trades.
30M chart is in a small channel with the bottom being around here and the top around 1735.