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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Monthly Chart: Most of these targets are now complete. At the moment, nothing higher showing for us, but we'll trade it as we see it! It's worked well in guiding us through the markets, enabling us to utilise Excalibur and catch the high and low swings, keeping the right side of the market. Up, down, sideways, we'll trade it and make the most of it
We've already started! Monday blues πŸ’₯
Today move rejected the order region as suggested in the KOG Report yesterday not only giving the long trade up into the region as we did in Camelot but then the short trade back down to potentially where the gap in on open. As per the update above, the levels are important and will be manipulated as we're towards the end of the month, and we have FOMC and NFP this week. 2020 stands are key level support, we had a bias level there this morning with a target region of 2035 which is complete. Now, what we want to see is how the level reacts to price if attacked again. The extension of the move is still active as well as the completion target, but as above, we're going to experience whipsawing and choppy price action this week, so please be on your guard
Some asked about the red box strategy we are talking about.
We have a bias level in Camelot, then we have Excalibur and LiTE, then we have the Red box Strategy to fine tune everything and bring it together on gold. This is to help traders with scalping and their entries and exits
Today bias level was bullish above into the order region, but where in the order region did we want to go?
Excalibur LiTE activates higher
Now we wanted the entry. This is where red box trading come into play together with PA and technical analysis, "levels don't lie"