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
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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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 HEREπ (CLOSED)
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.
π€©1
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".
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".
Please do help support us and the free channel by hitting the like/boost π button π
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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
If you're following, stop moved to BE now
Partials taken, protected and now we'll let it run
KOG, how does the daily bias work? We share the daily bias based on the structure of the market and the analysis for the that day only. It's based on Excalibur and it's indications of market movement.
But you're long and the bias is short! Yes, bias can work both ways, it can give you levels to target for the opposite trade, for example, bearish below level is 2020, that means our algo's are telling us that price region is possible. So rather than wait for the level to short it, we'll apply the analysis to trade it towards the level and then look for the reverse trade.
But you're long and the bias is short! Yes, bias can work both ways, it can give you levels to target for the opposite trade, for example, bearish below level is 2020, that means our algo's are telling us that price region is possible. So rather than wait for the level to short it, we'll apply the analysis to trade it towards the level and then look for the reverse trade.
π2β€1
You only need to look above through the history of the daily bias to see how effective and accurate it is. We share it in here to help our followers, the difference is, in Camelot we have pin point levels and of course the take profit levels to enable us to get out, or in at the right times.