Please open Telegram to view this post
VIEW IN TELEGRAM
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/CiI4xL49-THE-KOG-REPORT-Update/
This move is done! If you've tried it again make sure to protect it. Just to be clear, we're sticking with the plan, swing short from above, however, we're taking longs level to level on the way down. Why? Because we can!
Please open Telegram to view this post
VIEW IN TELEGRAM
Please open Telegram to view this post
VIEW IN TELEGRAM
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Photo
Well done guys if you're following from Sundays report. Time to start taking it easy down here! Resistance now 2320 which will need to break.
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
Levels are levels:
Really home in on this please. Price is always a tug of war between buyers and sellers. They're all looking at the same thing, it hasn't changed for decades, levels! This is where your mind set comes in as well as your money, risk and trade management. "Before you become a trader, become a manager of risk". When we say "nothing wrong with testing the levels" it's because at most key levels you will get a reaction in price. These reactions will give you a return if you get the entry and the exit right...We're showing you the levels and we're giving you the analysis, we're telling as much as we can about what the price is going to do, you just need to adjust your mindset, remove your fear, control your lots sizes and make sure you have a risk model in place.
Really home in on this please. Price is always a tug of war between buyers and sellers. They're all looking at the same thing, it hasn't changed for decades, levels! This is where your mind set comes in as well as your money, risk and trade management. "Before you become a trader, become a manager of risk". When we say "nothing wrong with testing the levels" it's because at most key levels you will get a reaction in price. These reactions will give you a return if you get the entry and the exit right...We're showing you the levels and we're giving you the analysis, we're telling as much as we can about what the price is going to do, you just need to adjust your mindset, remove your fear, control your lots sizes and make sure you have a risk model in place.