Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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.
Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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.
Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
To add: A simple post is now turning into a essay! With the bias level, pick a decent trade!! We're not just giving support and resistance levels for content, these are key levels for price to attempt, we could give a BOOM every time they're hit but that would be silly. Use the levels, plot them on your charts, that's the start of level to level trading. If you get a decent trade into a level using the bias, be done with the market. No need to flip on the reverse trade unless there is a clean set up. Vice versa, if you're waiting for the bias level, make sure the set up is clean, use the intermediate levels which are given, and then get in. Implement it into your trading, see how it works.
Please make sure to read this. It's important for the next move!
Target level reached and complete for the long trade. We're now at resistance above 2370-75 which needs to hold price down with support 2360-55.
That's it, done. Have a good weekend all and we'll see you on Sunday for the KOG Report
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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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THE KOG REPORT for FX:XAUUSD by KnightsofGold — TradingView
THE KOG REPORT
In last week’s KOG Report we highlighted the significance of that 2320 level and said that it needed to be broken forcefully, otherwise if supported, we would be looking to long back up into the higher levels as well as Excalibur targets…
In last week’s KOG Report we highlighted the significance of that 2320 level and said that it needed to be broken forcefully, otherwise if supported, we would be looking to long back up into the higher levels as well as Excalibur targets…
Make sure to protect long trades and take partials. Resistance approaching here with support 2325 now.
I think scalps only for now from that region. Please read the report, there is an extension of the move so as it's Monday, take what it gives