Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/rEd7o0gQ-THE-KOG-REPORT-ELECTION-SPECIAL-Update/
Quick update:
We wanted that swoop into red box support to go higher, which didn't hit exact but on the indicator it was a perfect tap and bounce. We're now in that order region with red box resistance active, however, as per the KOG Report, we had that higher level in mind from last week which we're really close to. We would like to monitor the 4H here, otherwise long trades ok for now.
We wanted that swoop into red box support to go higher, which didn't hit exact but on the indicator it was a perfect tap and bounce. We're now in that order region with red box resistance active, however, as per the KOG Report, we had that higher level in mind from last week which we're really close to. We would like to monitor the 4H here, otherwise long trades ok for now.
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Quick update: We wanted that swoop into red box support to go higher, which didn't hit exact but on the indicator it was a perfect tap and bounce. We're now in that order region with red box resistance active, however, as per the KOG Report, we had that…
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
4H Red boxes for the week ahead
RED BOX UPDATE
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You can't long here though! We're stretched, they'll want you in high before pulling back
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For those who missed the long trades, short gave us some as well
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Price is a series of test on levels. It creates trends or ranges but will always do the same thing. Once we understand this we know it's not the market that is the problem, its us, the trader. If we learn it's behaviour all we then need to do is make sure our money and risk management is up to scratch. It's never 100%, but if we test a level, it breaks, structure suggests it's going against us, don't hold on to hope, or add more in the direction you intended.
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