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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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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That's what we wanted for the reverse trade in Camelot. Happy to take a majority and protect. This was also shared with you all in yesterdays idea. Please refer to the idea and if you haven't, please hit the boost/like button for us
A common mistake traders make:

As we know, prices go up and down, it's only lately we're seeing even more extreme market conditions across all pairs. What tends to happen is traders get stuck in their mindset, whether that be a bull or a bear. This is hope! We've always said we need to adapt to the markets, when they go up we trade them up, when they go down, we trade them down. What tends to happen at extreme levels is that traders become fixated on their bias, this is either euphoria or because they didn't have a stop loss and have positions stuck in a either direction. So, if they're in longs and the price comes down, they're always looking for a low to go long again, if they're in short and the price goes up, they're always looking for the high to go short again. What is the problem here? Your stop loss, your bias and the "herd mentality".