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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Your ideal trade for today was the early session long into the levels we had suggested in last nights end of day. CPI is going to drive the markets so expect a choppy session with a few whipsaws thrown in.
Well done if you followed. Bias level completed, we've completed a couple of Excalibur targets on Gold, still looking to complete one more and then we'll see how price reacts
Don't be afraid to get it wrong! What most traders do:

Over think
Hesitate
Regret

Plan your trade, you're hardly ever going to get the exact level at the exact time with pin point entries.

Plan, then execute, don't be a afraid, have the confidence to test the levels by reducing your risk, lots sizes are important. You can increase the SL by decreasing the lots size. A great saying "your entry should be someone else's stop loss"

Focus on the process, not the money! You'll make far greater progress. We all get it wrong, but when you learn to manage trades its very hard to blow an account. Trust me on this, it's just practice and consistency with extreme discipline

KOG
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