We're just doing what we're doing π
https://www.tradingview.com/chart/XAUUSD/w7RxCNBW-THE-KOG-REPORT/
π Please do help support us and the free channel by hitting the like/boost π button π
Please open Telegram to view this post
VIEW IN TELEGRAM
TradingView
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)
Photo
Please open Telegram to view this post
VIEW IN TELEGRAM
As per the report, first trade was a nice one into the resistance level. Second trade as a bonus up to our target level in Camelot, we're going to stop at 99.9pips (only because we can) BE and let's see if we can complete the move. Support stands at 2305, resistance 2318
Please open Telegram to view this post
VIEW IN TELEGRAM