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

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When price is ranging: Don't get used to it, they do this intentionally. They will play the range, get your confidence up until you start increasing your lots sizes, then they'll move and if you're in the wrong direction, they'll take back everything you make and more. When you have a decent day on the markets, don't try and force a trade, your next trade needs to be even more precise than the last one. A mistake traders make is think to themselves, yesterday I made $100, today I can afford to lose $50 and I'm still up. No, because if you lack the discipline to sit out and wait for an A STAR set up, you'll lack the discipline to stop losing when you get to $50.

Bias is still active but the range is still in play. We wanted the 2350-55 region for a spike where we got 2354 and then the rejection back up. Caution on longs with small risk, again, expect a sudden burst of volume.

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Another banging day in Camelot 🤕

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This is the first region you want to protect

If you're in, level to level

Two entries using the bias level

Target 1 🤕

Nothing of interest on the Economic calendar today

That was too easy!