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

Evening thought: (I haven't done one for a while) Team, take a moment and really look at what the markets have been doing lately. They’ve been volatile, irrational, and unforgiving. And nights like this are a good reminder of what trading actually is, and what it isn’t! Trading isn’t about chasing every candle that flashes on your screen. It’s not about being glued to the charts 24/7, reacting to every move like you’re afraid to miss out. This is a game of strategy, patience, and mindset. The candles are seductive by design, they want you involved at the wrong moment, on the wrong side, with the wrong emotion. Gold is the perfect example right now. Yes, it’s giving huge moves, mega pips, but you’ve also seen how brutal it can be when you’re positioned wrong. Even traders who were long from strong levels have been taken out. Gold will take liquidity from wherever it can. That’s why it’s one of the most traded instruments in the world, and one of the most dangerous when respect is lost.

BTC! BOOM

Well done all 👍

👍

The heading suggests it's time to think about cautioning longs for a couple of days. We're in the last two days of the trading month, we're seen some extreme conditions and to be honest, even though we didn't capture all of this move, the algo's have given us 2-300pip days easily. What we would have traded in a month, Gold gave us in a couple of hours. Now however, it's time to start sitting on your hands and becoming an observer rather than a participant

👍

Watch DXY that's all I'm saying!

Thank you MOFO

Done. See you tomorrow

Box to box, level to level, point to point

👍

No break, bounce from defence. Happy with that. Will they push to 5340?!

BANG! Don't think we even need to look at FOMC today. We'll share the report with idea but before hand, please try and hit the boost button on as many ideas as you can all