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NFP today. 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
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/ulOzv94I-THE-KOG-REPORT-NFP/
On the retracement of the candle it was a decent entry into the red box. Otherwise, it's a no show for us, the stop would have had to be huge
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
On the retracement of the candle it was a decent entry into the red box. Otherwise, it's a no show for us, the stop would have had to be huge
Crazy thing was this, the indicator was spot on!
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
As it stands, if you're long, you need to protect and manage. There was a bit of a stretch but the level failed to break hence the move back upside to where the NFP move started. If you're in long you're in, happy days, protect and enjoy.
Hotty spotty
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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
https://www.tradingview.com/chart/XAUUSD/ulOzv94I-THE-KOG-REPORT-NFP/
Likes are appreciated folks, please take the time to hit the boost button. This is pure level to level trading!
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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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Wishing you all a great weekend ahead, we'll see you on Sunday for the KOG Report and our view for the week ahead.
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https://www.tradingview.com/chart/XAUUSD/pEWwIISd-THE-KOG-REPORT/
THE KOG REPORT has been published on Tradingview
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THE KOG REPORT for FX:XAUUSD by KnightsofGold — TradingView
THE KOG REPORT
In last week’s KOG Report we said for the first half of the week we will be looking for the price to attempt the low-level support 2625-30 to complete the move from the week before which we achieved. We wanted this level to give us the bounce…
In last week’s KOG Report we said for the first half of the week we will be looking for the price to attempt the low-level support 2625-30 to complete the move from the week before which we achieved. We wanted this level to give us the bounce…
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