THE KOG REPORT - ELECTION SPECIAL COMPLETEDKOG first published this chart at the beginning of November prior to the US Election with our view of the movement expected and the trade plan for the month.
We highlighted the path with the Red arrows and added the green arrows with the actual movement. As you can see, we weren't too far off with the projection using it to then trade the levels intra-day and for the swings successfully. It's worked well and combined with our tools, indicators, algo and target activations we can honestly say it's been another great year in Camelot.
We will end this idea here and mark it as completed at the green arrow point above.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Goldeducation
Gold Trading- How to Avoid false breaks- 3 simple tipsIf you’ve been trading long enough, you know the rush of seeing a big bullish breakout. Those massive green candles make it tempting to jump in immediately, fearing you might miss the move. But if you’ve experienced a few of these moves reversing sharply, you also know the sting of buying at the top.
False breakouts—when price appears to break out but quickly reverses—can be frustrating. You can’t avoid them entirely, but using a few smart strategies can help reduce the risk of getting caught on the wrong side of a trade. Let’s dive into key strategies for breakout trading, including buying dips in an uptrend and selling rallies in a downtrend.
1. Don’t “Chase” the Markets
When the market suddenly surges higher with multiple big bullish candles, the temptation to enter is strong. This move can make it feel like you’ll miss out if you don’t buy immediately. But in most cases, strong moves like this mean the market is likely due for a pullback. In an uptrend, these fast, high candles can often reverse or slow down, leaving those who bought at the high with losses.
Pro Tip: If you spot three or more large bullish candles in a row, it’s usually too late to enter. Waiting for a pullback (which we’ll discuss soon) is often the safer approach.
2. Trade with the Trend: Buy Dips in an Uptrend and Sell Rallies in a Downtrend
One of the most effective strategies for avoiding false breakouts is trading with the trend. Here’s the basic principle:
In an Uptrend: Buy dips. When the market is trending upward, buying during short-term pullbacks is often a better strategy than buying during strong rallies. This approach allows you to get in at a lower price, reducing the risk of buying at the high.
Example: Suppose the market is moving steadily upward but experiences brief pullbacks to a support level. This is an ideal opportunity to buy, as it aligns with the trend's direction without chasing after a breakout that could reverse.
In a Downtrend: Sell rallies. During a downtrend, the market will often move lower, but with periodic upswings. These rallies are temporary and typically followed by further downward moves. Selling during these rallies can help you align with the downtrend while avoiding the risk of a sudden reversal.
This buy-dip, sell-rally strategy aligns your trades with the overall market direction, minimizing the chances of getting caught in short-lived breakouts.
3. Look for a Buildup Before Entering a Breakout Trade
One key strategy to avoid false breakouts is waiting for a buildup near a key resistance or support level. A buildup is a tight consolidation (or a “squeeze”) pattern that suggests the market is coiling up energy to make a sustained move in one direction. Here’s how it helps:
Buildup at Resistance: If an uptrend is approaching a resistance level, a buildup (narrow price range) near that level often indicates strong buying pressure. It suggests that sellers are struggling to push prices lower, increasing the likelihood of a successful breakout above resistance.
Stop Loss Placement: If the price breaks out from a buildup, you can use the low of the buildup as a stop-loss point. This gives you a more favorable risk-to-reward ratio because if the breakout is genuine, it’s unlikely to fall below the buildup low.
Pro Tip: Patience is key. Wait for the buildup pattern to appear near resistance in an uptrend or support in a downtrend before taking a breakout trade. This approach is particularly useful when combined with buying dips in an uptrend or selling rallies in a downtrend.
Very recent example (yesterday):
Summary:
Strategies for Breakout Trading and Trend Alignment
To avoid getting caught in false breakouts, follow these steps:
- Don’t chase big moves after three or more bullish or bearish candles.
- Align with the trend by buying dips in uptrends and selling rallies in downtrends.
- Use buildup patterns to time your entries, placing stop losses below the buildup for better risk management.
By focusing on trend alignment, buildup patterns, and avoiding the urge to chase, you’ll find yourself in stronger positions and with greater control over your risk in the market. These strategies can help you catch trend-following breakouts without falling prey to the frequent traps that catch traders off guard.
THE KOG REPORTTHE KOG REPORT:
In last week’s KOG Report we said we would like to see price attempt an undercut low and then start the incline into the higher levels. We gave KOG’s bias of the week as bullish above 2385 with the targets for the week 2510, 2515 and 2530, which we all completed.
We then continued with the path shown in the updates while Excalibur tracked price taking us up into our final take profit target at 2580. Please have a look at the previous reports to see how the algo has tracked the price from the highs to the lows, lows to highs, no matter where it goes we've traded it and moved with the market. Hats off to the team!
A phenomenal week on Gold as well as the other pairs we trade.
So, what can we expect in the week ahead?
We have FOMC this week so shall await more choppy price action as well as the potential per-event range that may form from Tuesday onwards. We’re a little high to long at the moment which is what most traders will be thinking but sentiment is strong now so there is a chance they open and stretch this a little higher. For that reason, we will be waiting to see how last week’s high and the levels of 2580-83 react to the price if attacked in the early session. If rejected we feel an opportunity toto short is available into the lower levels of 2565 and below that 2555.
Many traders will now be looking for the 2600 level so please be careful as breaking above the 2585 level will make it a lot easier to be achieved during the early part of the week. Ideally, we want the pullback into the lower support regions and then want to assess the price action before attempting to go long and take this above 2600.
Due to FOMC this week this report will be provisional as we’ll update the idea specifically for FOMC before the release.
KOG’s bias for the week:
Bullish above 2550 with targets above 2600 and above that 2610
Bearish on break of 2550 with target below 2535
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
XAUUSD How to deal with fake outs (tutorial) Good morning gold gang! Im back with another educational piece this weekend getting ready for market open.
In this weeks i want to look at the fakeout. The fakeout is a false breakout of the key level. When price moves and closes outside of the level, the next step is to enter the trade. Sometimes what happens is price will close then shoot back up into the range. This is a fakeout.
The way i deal with them is i always make sure my entry is a pip or 2 after the wick of the previous candle .. normally what happens is the next candle will open before the wick and saving you from the entry. If this doesnt happen, then you take the loss like a man/woman/person and move on.
What NOT to do is change bias and take buys (in this case) as you can get faked out this way too .. a change in bias would be above the next htf resistance or key level.
Hope this was educational guys .. please like and follow along for more XAUUSD updates. I post daily and you dont want to miss them.
tommyXAU
tommyXAU simple entry model. Good morning gold gang! I thought id hop on here and post my super simple entry method for you to see.
Its no SMC or ICT model that turns your brain in knots trying to figure out .. its simple, as trading should be. I look at some strategies on here and think to myself .. wow, that would turn me into an emotional wreck with my finger on the button.
Ask yourself this .. do professional traders in banks use trading view and mark up charts? Its all time and price.
Here i am looking for strong breaks of my banking levels in high volume times with a strong closure (30m/1h) preferably.
Then an entry on the break of that candles wick. Target is always the next banking level but be very savvy with your risk management.
Other areas play a factor too you cant just blindly jump in here .. but this is the exact model i use to execute.
Hope this helps guys, drop a like if it did. See you tonight for market open
tommyXAU
Compilation and overview of following the gold bullish movesEverything is in the chart. Enjoy!
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
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💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
This is my ideal entry model for XAUUSDGood afternoon gold gang! hope you're having a good weekend.
I thought id share with you my favourite entry set up for gold which is proven to be over 80 percent accurate according to my data.
Im looking for a strong close outside a major level .. by strong i meant 30 pips there abouts .. then the candle to close .. the next candle to wick down to retest the level .. then enter on the break of the previous candles high.
Its as simple as that! .. there are other things involved but ill go through them with you in time, so make sure to follow along!!
Ill be back this evening with an outlook for tonights asian and tomorrows london and ny sessions
Tommy
My last Warning for buyers (Educational)Hi Everyone,
Today i will give some educational
from fundamental:
1. FED raising Interest rate for the 3rd time, its 90% 75bps , and it will pressure the risk asset such as gold and bitcoin.
2. FED Jeremy Powel and his team pretty consistance and commited to bring down inflation and catch up short term interest rates especially to the core PCE inflation number that still slightly above 5 percent
3.FED commit not slowing the pace until "something Break", it means they will bring recession to make inflation down there will more jobless, more slow Economy growth which give big damage to stock market and any other risk asset.
4.Geopolitical Tension is not end and seems it will be take a long time (for this moment), specially After Saudi willing to join BRICS and dont want to help US to boost the OIl production and make a price cap for cheap oil.
from technical:
1. the candle 4 hours fail to break the past resistance
2. there is high volume for 1680 to break.
3. the fundamental is not good for gold to break this time, we have seen 1st and 2nd reaction after FED release their 75bps hike.
When FED to pivot:
the chance is only when something breaks, and the inflation rate is going back down. maybe there is 2% gap between Interest rates number and inflation rate number.
My last Analysis idea:
some news you can check it out:
www.youtube.com
www.youtube.com
www.youtube.com
the price will be very fluctuative / volatile , you should watch your risk management, dont risk more than 1%, there is chance to high then drop
please watch 1728 level, and for me i can see the bottom is around 1532 -1564 .
(please dont risk more than 0.5% in this trade)
watch your risk management. Good Luck.
i try to always we will keep you all updated . Please don't forget to like, comment and follow to support us, i really appreciate you support !
Goodluck
i'll help you to have a great trade.
Please using good money management.
dont take any emotional trade.
Note:
Dont risk more than 0.2% on trending market
Dont risk more than 1% on ranging market
Wish good luck for all people.
Please help support me by Clicking like button, and if you like my ideas please follow me and support me. i Relly Appreciate it!
i'll make more and more great analysis if this chanel grows.
on Gold , Oil , Nasdaq, SP500 , and some American, China, Japan, Indonesia stocks.
Best luck for you.
Cheers mate!
Thankyou.