NO ONE will win all the time! Impossible in this industry, even the best traders of all time lost huge amounts of money, but one thing they had....
They knew when to cut the losers and when to let the winners run!
Price will always go where it needs to go, it's your risk and money management that make the difference. "Think like retail, trade like the bank" KOG
They knew when to cut the losers and when to let the winners run!
Price will always go where it needs to go, it's your risk and money management that make the difference. "Think like retail, trade like the bank" KOG
It's FOMC today, you know what that means. Best practice for new traders is to sit the event out, wait for the price to go where they want to take it, look for a clean set up, then enter the markets if you wish to trade. The most amount of money and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. This is not trading, this is gambling! Tonight the 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, when the slot machine is full and ready to pay out
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
π₯ Hello FOMC π₯
π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯
117 combined TP's in a month! We're starting the year as we finished the last. This doesn't include the numerous swing trades that have hit targets as well as the manual trades we've posted. Absolutely phenomenal month again π₯π₯
You're all welcome to invite others to join the group, benefit from what is shared and trade together with us.
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www.knightsofgold.co.uk
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We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.
Invite link:
https://t.me/KnightsofGold
Find us on:
Website: JOIN HERE π
www.knightsofgold.co.uk
There is an option to contact us on the the website if you have any queries
Email:
contactknightsofgold@gmail.com
Instagram:
https://www.instagram.com/knights_of_gold/
X:
https://twitter.com/KnightsOfGold2
We appreciated all your likes, follows and comments. Give us a follow, share the group and keep up to date with KOG.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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.
BOOM! Excalibur never misses. That's the region we wanted yesterday for the price to push up into before then making the move downside into the target we had for FOMC.
NFP:
We've proved many times that the trade comes after the event so we don't need to mention it further. These are the intra-day levels and Excalibur hotspots for your charts. Target is active, wait for the move to finish, let price settle and then attempt getting in if you feel the need, on a good set up! New traders, less experienced traders, stay away from the markets. NFP and FOMC are known to cause traders problems and the most amount of accounts are blown during these events.
We've proved many times that the trade comes after the event so we don't need to mention it further. These are the intra-day levels and Excalibur hotspots for your charts. Target is active, wait for the move to finish, let price settle and then attempt getting in if you feel the need, on a good set up! New traders, less experienced traders, stay away from the markets. NFP and FOMC are known to cause traders problems and the most amount of accounts are blown during these events.
Please reference the FOMC Report as well which was posted on Weds.