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

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If you would like to join a winning team of traders, a community helping and supporting each other, KOG's guidance on the markets, navigation on Gold with levels targets, hot spots and key levels. What's more? Excalibur and LiTE giving you pin point targets. The Red box and Knights indicators showing and generating signals all day long across any pair available on Tradingview, allowing you to trade independently, the custom volume indicator that tells you when it's good to long, short and play caution across all pairs and instruments. Education, guidance, trading tips, news and so much more. Click the link below and follow the instructions: WWW.KNIGHTSOFGOLD.CO.UK

A majority of us are intra-day traders so although we have a bias, it's a bias of the day. Yes, the market is bullish, but we have to look at it on the day and decide, "am I long today or am I short"? This one thing will change your trading game! Personally, I don't really hold trades and like to start fresh every morning with a clear view of the market and what it's going to do on that day. Maybe it stretched, I don't want to long, I'm looking for a retracement, not to long, why, if it's going down why shouldn't I trade it down. So I look at the retracement levels, look at the indicators, the bias levels and the hot spots, wait for confirmation and take the trade. This way it doesn't matter if its bullish or bearish, goes to the moon or goes to the ground, we take what we can on the day and come back tomorrow. It's no secret 90-95% of traders are usually in the wrong way of the market, when it's going up they want to short, when it's going down they want to long. Try and adjust that little part of your trading to understand the flow and structure, and go with the price rather than waiting to go against it

TIP: Always remember, unless you have large accounts or you're trading micro lots, you're not going to be able to swing trade gold, they simply won't let you hold the trades without going into drawdowns. For us intra-day traders, we need the right levels and set ups to take money from the markets, we can't swing, scalp and intra-day at the same time. All 3 strategies require different risk models and different market conditions

I'll call it a day there.

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Round 2 👍

NFP move completed here for us. We've had one nice scalp upside this session, let's see what the next couple of hours bring.

Last week's shared scalps on the indicators: 7 wins / 0 Losses

https://www.tradingview.com/chart/XAUUSD/mHeZx7Tm-THE-KOG-REPORT-1H/ THE KOG REPORT has been published on Tradingview. Please support us and the free channel by hitting the like/boost 🚀 button 🙏 on our Tradingview ideas Website: Join us here (open) 👇 www.knightsofgold.co.uk

Going to close out here and be done with the week. Wishing you all a great weekend, please take some time to hit the BOOST BUTTON on the Tradingview ideas

https://www.tradingview.com/chart/XAUUSD/jLqA7QDo-THE-KOG-REPORT-NFP/ Please support us and the free channel by hitting the like/boost 🚀 button 🙏 on our Tradingview ideas Website: Join us here (open) 👇 www.knightsofgold.co.uk

Pre-event price action: Trend within trends on the smaller timeframes Patterns that conflict each other - You may get a H&S but with that is a double bottom for example. They do this intentionally to get traders committed to the wrong direction Ranging price staying close to short term MA's Swings and spikes all of a sudden - This is a stop loss hunter activation taking liquidity from the high and low of a potential range Ask yourself these questions: Do I understand intra-day levels? Do I understand pre-event price action? Do I understand trading with ranges and price accumulation? Do I have a risk model that protects me and my account no matter where the price goes?

The most amount of money is lost and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. They also get stuck in pre-event price action during the ranging and chop without using SL's. This is a recipe for disaster, large lots, small accounts, it only take s a small spike to blow your account. This is not trading, this is gambling!

Knights of Gold (Gold/FOREX Analysis/Trade ideas) 📱 Invite link: https://t.me/KnightsofGold Find us on: Website: Join us here (open) 👇 www.knightsofgold.co.uk There is an option to contact us on the the website if you have any queries Email: contactknightsofgold@gmail.com 📱 Instagram: https://www.instagram.com/knights_of_gold/ 📱 X: https://twitter.com/KnightsOfGold2 📱 TikTok https://www.tiktok.com/@knights_of_gold 📱 YouTube https://www.youtube.com/@Knights-of-Gold 📊 KOG's Broker of choice:  Hantec Markets https://hmarkets.com/live-account-pre-registration/?refid=11771&cmp=8d3x4m1u&ent=hm 100% DEPOSIT BONUS NOW AVAILABLE 📊 Looking for a reliable prop firm: Hantec Trader https://myhtrader.hmarkets.com/purchasechallenge?affiliateId=1556 We appreciated all your likes, follows and comments.  Give us a follow, share the group and keep up to date with KOG. Knights of Gold (Gold/FOREX Analysis/Trade ideas Please support us and the free channel by hitting the like/boost 🚀 button 🙏 on our Tradingview ideas