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

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Done for the day. See you tomorrow for FOMC!!

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 bearish (we caught the top), 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. You'll notice the bias changes here, the direction changes, we don't commit to one direction or focus too much on where price may end up. All we're looking for is a decent trade a day, a plan of intra-day direction, a plan of entry, a plan of managing the position, and a plan to get out. Please try this, it's all about mindset and discipline, removing the fear and anticipation of where price is going. It goes up, trade it up, it goes down, trade it down. Goes to the moon, or the basement, who cares, we're here to make money where ever it goes.

Thought: NO ONE will win all the time! Impossible in this industry, even the best traders of all time lost huge amounts of money, but one thing they had.... They knew when to cut the losers and when to let the winners run! They knew when dynamics change and when bias needs to change. They knew how to flow with the markets, move with them, go where they go and most of all, know when they're ready to give and when they're ready to take from you. Price will always go where it needs to go, it's your risk and money management that make the difference.

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Price has played out in our favour following a textbook rejection off the defence box around 4030. The reaction from this level once again highlights the precision and power of our indicators, driving a strong downward extension that has cleanly completed TP2 so far. With the initial move down secured, we currently have a well defined range in play and with FOMC around the corner likely driving market caution and volatility we are keeping our focus pinned on two immediate key levels. Resistance: 4010 Support: 3965 These will remain our primary key levels to navigate the consolidation

👍 Not much more to say on this

New feature of the academy. I do this for you not me, please take some time to appreciate the time and resources that are put in to create traders, not herd sheep. Hit the boost button on the Tradingview ideas 🙏

https://www.tradingview.com/chart/XAUUSD/Z0sh6cIc-THE-KOG-REPORT-Weekly/ 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) 👇 https://tradewithkog.com/ CLICK BELOW 👇 FREE TRAINING AND INTRO TO KOG

That's all we have left for the remainder of the day. Accumulation looks to be complete, I would not long against the move, even if it looks like it's going up.

Camelot Friday tomorrow, I spend the day with the students and use the last half of the day to prepare for next week. This group will be quiet but I will try and give you some analysis to get you through the day. Please try your best to hit the boost button on as many Tradingview ideas as you can. Leave a comment, it will be nice to hear from you. KOG

Evening Thought: "If you get on the wrong train, make sure to get off at the first stop. The longer you remain on the train, the more it's going to cost you" I'm not talking about trains! The art of trading is not the target, it's knowing how, and when to get there. The only way you can do this is to learn price action and the behaviour of the chart. Know when to get in, know when to stay out. "Levels don't lie", "become a manager of risk, before you become a trader". Home in on this, they're so important! Levels will tell you when you're right and when you're wrong, no other analyst or group will give you levels like this, they're pin point and accurate, that I'm sure I can say is fact. So use them! Key levels, bias, support and resistance, break, retest, fail, engulf, look for it on the 15m indicator on the pair you trade, the only thing stopping most of you is that you're not practicing them. There is no easy route to learning how to trade, the information is there, put in the time and make the most of it while it last. Just like your signal service provider will leave you for dust one day, KOG won't be around for ever. This isn't me blowing my hooter, I'm just saying, while we're here make the most of it so you can stand on your own feet and trade for yourself.