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

Easy

BOOM! 6 out of 6 for the day

Probably going to jinx it now but this has worked an absolute dream again

Evening Thought: Am I following my trading plan? “Fail to plan, plan to fail”. As above, you need to plan every single trade you take, make sure the market conditions are in your favour, make sure the price is at the right levels, make sure your risk model is in place, make sure you’re aware of the risks involved if it doesn’t go your way. By doing all of this and making a plan, you know what the worst case scenario will be, by knowing that you’re emotions and psychology won’t be affected that much and you will build your confidence. You’ll then develop your strategy and you’ll have a better understanding of what kind of ROI you can consistently make in the markets. Have the discipline to follow your plan and stick to it like a you’re a robot. Get used to taking losses, this is part of the game you’re in. Your wins just need to be bigger and you’re on your way to becoming a consistent trader. Most traders don’t follow their plan, they then blow their accounts and you’ll blame the market.

Easy

Evening Thought: The truth is, what works for one trader probably won’t work for another. Account size, mindset, risk tolerance, and money management are different for everyone. The markets haven’t changed for decades because human nature hasn’t changed either. If you find yourself following multiple people and trying different strategies, don’t stress. That’s part of the learning process. There is no secret formula or holy grail in trading. With time, patience, and consistency, you’ll develop your own style, your own strategy, and your own understanding of the market. At some point, it just clicks. You can see the targets get hit, look at the RB trades I share, don't try and get rich quick, the market will eat you up. Work on the technique, the risk and money management knowing that the targets are accurate. Use the levels provided, if it's not there stay out of it. I share the trends, the levels, the patterns, the targets, the analysis and thoughts to go with it. I can understand it's a lot to take in but this game is not easy. However, when you get the hang of it you won't regret learning this skill for life. KOG

NAS - I'll show you where we got in, let's see if we get to our target on this.

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