Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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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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Our red boxes gave an indication long but we're still playing that same price range having attacked the red box active support and bounced, only into resistance.
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Difficult to hold so you either level to level scalp it, or you set the TP and SL and leave the chart alone. Either way, it hasn't targeted the weekly high so far so those entries from above are safe. Any entries now need to be protected as we approach the key level support below.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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We're done, no more trading, no longs, no shorts!!
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That's enough until FOMC is over and done with. Respect the market, have the discipline to know when you've taken enough from it.
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Correction - Unless you're already holding protected and managed trades from above.
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You're all welcome to invite others to join the group, benefit from what is shared and trade together with us. 

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FOMC:

Wait for the price to go where they want to take it, look for a clean set up, then enter the markets if you wish to trade. The most amount of money and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. This is not trading, this is gambling! Tonight the casino is open, the drinks are free to entice you, only you can have that discipline to sit and wait patiently for the right moment.

Those who are new to trading and those who are less experienced, please stay away from trading until tomorrow. Remember, the trade comes after the event, they will whipsaw the market, maybe not on the release, but during the Q&A session which is at 30mins past the hour
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