End of day update from us here at KOG:
Madness on the markets. I can honestly say, if you're less experienced in these markets, and like some of you trading with large lots and large or no SL's, you're unfortunately going to get yourself into a little bit of a pickle.
Did it go to plan today? Yes, and no! We followed the path which worked, but then we wanted support to hold at the bias level 3340 to then push us back upside. We got a small bounce for 100pips on the red box indicators but ideally we wanted this to completed the move up before coming back down. We're now at crucial support 3320 with resistance at the 3335-40 region, which, if we hold here without breaching should be a decent retracement on this move.
Other than that, I can say our plan for today wasn't as we hoped, we took an SL but then got a 100pip bounce. It is what it is
RED BOXES:
Break above 3365 for 3372, 3375, 3388 and 3406 in extension of the move
Break below 3350 for 3335✅, 3330✅, 3326✅ and 3307 in extension of the move
As always, trade safe.
KOG
Madness on the markets. I can honestly say, if you're less experienced in these markets, and like some of you trading with large lots and large or no SL's, you're unfortunately going to get yourself into a little bit of a pickle.
Did it go to plan today? Yes, and no! We followed the path which worked, but then we wanted support to hold at the bias level 3340 to then push us back upside. We got a small bounce for 100pips on the red box indicators but ideally we wanted this to completed the move up before coming back down. We're now at crucial support 3320 with resistance at the 3335-40 region, which, if we hold here without breaching should be a decent retracement on this move.
Other than that, I can say our plan for today wasn't as we hoped, we took an SL but then got a 100pip bounce. It is what it is
RED BOXES:
Break above 3365 for 3372, 3375, 3388 and 3406 in extension of the move
Break below 3350 for 3335✅, 3330✅, 3326✅ and 3307 in extension of the move
As always, trade safe.
KOG
Trade closed: target reached
That's where we'll protect the long trades for now. PPI later so expect this to range until the US Session
🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔵 FREE TELEGRAM CHANNEL: t.me/KnightsofGold
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
🔴 TWITTER: twitter.com/knightsofgold2
🟢 INSTAGRAM: instagram.com/knights_of_gold/
🟡 Disclaimer: Not financial advice. For educational purposes only.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.