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Day in day out, same thing HIT HIT HIT. Done for the day and week, see you on Sunday for the KOG Report. Wishing you all a great weekend ahead. Please don't forget to hit like/boost on the Tradingview ideas. 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.
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https://www.tradingview.com/chart/XAUUSD/w7RxCNBW-THE-KOG-REPORT/
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THE KOG REPORT for FX:XAUUSD by KnightsofGold
THE KOG REPORT:
I last weekβs KOG report we said we would be watching that 2340 extension level for a move upside in the early part of the week, and if achieved we would be looking to short the market back down initially into the 2310 level which is whereβ¦
I last weekβs KOG report we said we would be watching that 2340 extension level for a move upside in the early part of the week, and if achieved we would be looking to short the market back down initially into the 2310 level which is whereβ¦
Many of us sit and wait for the perfect entry, I can tell you, unless you're scalping, this hardly ever happens. The key to get an entry is identifying your target region first! Once you have identified that target region, then start looking not for a precise entry, but a region or a zone you want to be testing your entry in. The skill is not getting in too early, and if you get in too late you're usually going to be the wrong side of the market.
You lot size needs to stay within the boundaries of your account size, it's as simple as that. Small lots, good risk management and better captures. The 95% that fail are oblivious to risk management and trade management. It's nice to see what we teach and implement in Camelot, together with the targets make a huge difference to our traders.
So far we're in long, 2300 tapped as first region of interest. We now need a forceful break above here to complete the move but for now, happy with the trade so far.
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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