Knights of Gold (Gold/FOREX Analysis/Trade ideas)

Pre-NFP already smashed! Don't think we'll do anymore trading today even if the market moves our way

https://www.tradingview.com/chart/XAUUSD/3Y0OrdSn-THE-KOG-REPORT-NFP/ Please support us and the free channel by hitting the like/boost 🚀 button 🙏 on our Tradingview ideas

This group is quiet on a Friday as I concentrate on Camelot members and training. The KOG Report for NFP will be released shortly

This is literally all we've done today. Pre-event PA, playing the triangle, nothing really interesting apart from 1 decent long. Other than that, no point getting involved in the markets now as we're venturing into late session and we have NFP tomorrow. No break below, small break above, rejected TP1.

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We have completed yesterdays bias as well so sit on your hands time, enjoy the afternoon.

Last day of the month, and tomorrow is the first day of a new month so we're taking it easy. It's a time when data can be played with as institutions will be closing off positions for the month and what they don't finish today they'll do tomorrow. We had that trade from yesterday where I said I'll leave a runner with open TP, it's still going so not much to report on.

Evening Thought: At the moment there is so much crap on social media its almost concerning. Some are shouting 3-5yrs experience and then fooling traders into paying for signals. The legends of this game took more time than that to become profitable traders, and we think this 25yr old with 3yrs in the game has all the answers. All I'm saying is, think, think before you start following some of this circus that they've created. Much of trading is about mindset and psychology, then discipline, money management and patience etc.  That's 70-80% of your game.  When focus shifts to just targets, mindset is adjusted, almost like tunnel vision, you're seeing one thing ahead and ignoring your peripheral vision.  Nothing wrong with asking how to trade towards a target, but asking how to trade the target is what the question most are after.  That can only be answered by you!   How much chart time are you putting in, are you identifying the key levels, the trends, the ranges.  Where is the target?  At resistance, support, top or bottom of the trend? If a 30pip drawdown makes you stress and put's your account under pressure, sorry, give up on this dream!  Certain things I'm not going to sugar coat.  The game is hard team, social media has made you think you can give up your 9-5 and become rich with your £100 accounts. Don't be that trader, that's 95% of them out there holding on to someone who will give them the secret recipe, the signals that will retire their parents and buy them a house while they spend their days driving up to the marina in their Lamborghini for the afternoon yacht party. Learn how to trade!  How do we know it works, because we've created traders through this process, we're not herding sheep.  It works because I've seen people leave this server as successful traders.  It works because we have full time traders who are also sharing their knowledge and trade ideas and are here to be part of a community.  Put in the work, start with your discipline and your ability to read what the market is telling you.

A new trader often thinks: "How much can I make?" An experienced trader thinks: "How much can I lose if I'm wrong?" That difference in thinking can completely change your trading. You're paying £££'s for basic education, get the complete playbook here

Not bad at all. See you tomorrow.

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