https://www.tradingview.com/chart/XAUUSD/BFwH5EYT-THE-KOG-REPORT/

THE KOG REPORT has been published on Tradingview.

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Happy weekend, looking forward to the week ahead and wishing you all a successful week ahead. Please do go through the tradingview post and hit the like/boost button for us. It helps to keep this free channel going.

KOG

Some Sunday fun. One of our knights had these made for us, thank my friend, wonderful gesture. We now have Merlin's Magic Mugs 😂

A niece of another Knights hand at drawing her thoughts on what Excalibur looks like. God Bless, what a lovely picture ❤️

Evening thought:

Team, I can honestly say, in the years we’ve been trading we’ve only seen market conditions like this 2-3 times. When markets are moving like this we as traders should know that there is something geopolitical on the horizon. They call them all time highs, blow off tops, parabolic moves, but please, look at the charts and please don’t get involved in the euphoria. There are so many tools we’re using here to keep us the right side of the markets, but ultimately, the trader makes the decision! What do I mean when I say this? We’re intra-day traders, it shouldn’t matter to us where the market goes or what it does, don't worry about missing the move. The market will play in such a way that when it moves aggressively it will keep you focused on where you wanted to go rather than where its going.

This is the way I see the markets. We're here to make money and take what they give us, this is why we have our trading rules. If the high is already in, we'll follow the chart to the downside, if it isn't we'll trade it to the upside. Bullish above/bearish below, Excalibur targets, stop loss, key levels. We know then not to short the lows and not to long the highs. We're not taking small pips here, we're having 100+ pip days so it doesn't matter where the market goes, we'll trade it and make the most of it.

This time was due in the markets, we've been saying there is something big on the horizon for a while and it's looks like we're getting closer. Need everyone to start playing defence, your SL IS REALLY IMPORTANT!! They're preparing for another news event that's going to shake the markets. I still remember the circuit breaker a while back which came after similar market conditions. Defence please! Don't trade anything and everything, pick the best, leave the rest. Don't trade blind, don't over leverage, control your greed and your emotions. Discipline is what will make you money as will sitting on your hands if you have to. Cash is a position in markets, it's a strategic position so don't think you have to trade everyday.

What a day today. Look at the date it was published!

MASSIVE BOOM! 💥

PRE-NYSE Open:

Support level 2075 holding, needs to break to go lower with potential resistance the 2195 region. Only accumulation at the moment pending a breakout.

2175 held, retest done. TP on it's way

Red box trading 💥

Note:

NEVER be afraid of cutting a trade. You're in these markets to buy and sell stock, think of it as a shop and you're trading goods. If it doesn't look good, goes out of date, doesn't look like it's going to be a good investment cut your losses early. Where you take a 20-30pips stop loss you'll make 50-60pips on another product

To add:

As per the report. We're getting that move again into the support region, if this breaks below now we'll be looking lower for the pre-event range to start.