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Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
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Hot spot done, Excalibur completed as well. We didn't take that, was too low to get in for the target. Just nice to know the algo is kicking it
Beauty of red box trading. That was the last one completed
Quick update as we've been literally sitting on our hands since yesterday. We've hit our ideal target which was posted at the start of the month. All hot spots are nearly complete, but I have one more lower. So retracement levels here are 4737 and above that 4776. With the market in destruction mode, even scalps are difficult unless you're in the right way.
We'll wait now as the move is completed for us. A clean reversal and the indicators need to align, and we'll update again.
Hot spots completed here. Planned at the beginning of the month, and it's worked near enough to the point. No trades going in on my side, simply observing and being patient.
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?
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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
CLICK BELOW 👇
FREE TRAINING AND INTRO TO KOG
