End of day update from us here at KOG: Quiet day on the markets today with low volume due to the US holiday. Many traders has glitches on their charts on open with price entering the lower support region where we suggested price may bounce. The first target level, 2020 which is what we wanted last week has now completed, with that level we mentioned of 2024...
Account size/Lot Size THIS IS A GUIDE ONLY Less than £500: LOT SIZE – 0. 01 with a MAX LOT SIZE OF 0.03 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0. 01 lot size will give you flexibility when the market goes against you. £500 – 1000: LOT SIZE – 0.02-0.03 with a MAX LOT SIZE OF 0.06 AT...
RANGE BOX: When the price is in a ranging market look for date of when the price was last in its range. Example above shows we had the range, a breakout above and then a break back inside the range. Draw a box around the range and then identify the buy area and the sell area. This stops you from trading in the middle of the range and getting chopped up by the...
Simple Trading Strategy - Generate your own take profit targets. Today we're going to share with you a simple yet effective trading strategy that can be used on any instrument. Like any other trading strategy its not 100%, but, you can see from that illustration how effective it can be in keeping you in the right direction on a pair. You can add Moving averages...
KOG REPORT: In last week’s KOG Report, we said we would stick with the plan and look for lower pricing on Gold, only for last week we were expecting a sharp bounce from the lower support level! We gave the levels on the charts at which we wanted the move to occur, where we wanted to short the market, where we wanted to then switch and go long, each level...
Traders, The market is designed to confuse retail traders, the reason for that is they know 95% of you enter these markets with no plan. You’re not aware of the levels, you’re not charting the pairs you trade, and you lack the basic skills to manage your money and your risk. You need to have a plan before you enter a trade, you need to have a strict set of rules,...
End of day update from us here at KOG: Yesterday we said we would be looking for the support levels to hold to then again see some further gain on gold before any reaction in price. WE gave the levels 1998 and below that 1995 where we were looking for price to target at some point before giving a RIP. Not only did it give us the short but the TAP AND BOUNCE in...
Weekly Chart: This is our monthly chart that we have been sharing regularly with the wider community. It’s been working well for us combined with the intra-day trading strategy and Excalibur guiding us. We’re sharing it again for reference purposes showing the levels and targets we have completed for over a year for the longer trades. On this chart we added...
End of day update from us here at KOG: In yesterdays update we said we would want that 1990 level to support the price, and as long as it did we would hold our long trade for 1995 and above that 2003. Not only did we again catch the top, but again we caught the short term bottom on Gold. So, what now? We're looking at the immediate support levels below of...
End of day update from us here at KOG: Slow ranging day with support 1985 being targeted as expected and bouncing giving the long trade, but not completing the whole move. Resistance is at 1990 which needs a powerful break to compete the levels we wanted this morning and last night, otherwise let's take what we've been given and await the news tomorrow. ...
We're in on this, as long as it stays below the order region we're targeting the hotspot below. Careful with this, it's very sensitive at the moment but needs to make a move. As always, trade safe. KOG
End of day update from us here at KOG: Gold completes the move, BOOM! In yesterdays update we said 2016 support was the level to watch, and if held we would see the move upside giving the long trade into the 2020-25 region. Early session gave the move upside as we suggested. We then mentioned that we would stick with the plan and if the 2030-35 level held...
End of day update from us here at KOG: Not a bad Monday at all! Hotspots worked well giving us pin point entries not only for the Excalibur targets but also the long scalp earlier in the session. We've tapped and bounced the level as expected into the order region where price is stalling at the moment. This now turns the 2016 level into a support, and if held...
THE KOG REPORT: In last week’s KOG Report we mentioned the importance of the levels we had in mind for the week ahead and to expect some movement in the markets while it attempts to break out of the range it’s been accumulating in. We mentioned the level of 2022-20 as the initial level, where if price found support, we felt an opportunity to long the market...
End of day update from us here at KOG: After yesterdays update where we wanted price to come down into that 2026-4 level for the short and then bounce, giving the long trade back up. We managed the short and then suggested we only take the one trade today, rather than taking the reverse trade which did bounce giving the move to the upside. This move however is...
End of day update from us here at KOG: A choppy day on gold but we managed to hit our target giving a tap and bounce which lined up with the hotspot we have shared with every yesterday. The bias however is stretched and as we suggested the extreme levels are coming into play. So, what now? We want to see how the daily closes here, 50EMA has been playing it's...
End of day update from us here at KOG: Another hot spot and target hit, showcasing the KOG methodology and strategy to perfection. Each tick and level completed so far with the final level now tapped and bounced. So, what now? We're at key level support here on gold on the flip, its an order region that is being used to propel the price in either direction,...
End of day update from us here at KOG: Daily bias worked a treat, both bias levels completed and we're now at resistance on Gold. We are also within that order region which again looks like it's going to flip with support below at the 2025-7 region, which if targeted and held during the Asia session could give another push to the upside into the hotspot. ...