Some good progress to show you today, so without further ado, here's the knot finished:
And with the knot done, it's time to start the horse. The horse itself will be white, of course, but there's a little bit of colour for the hooves and eyes:
I'm still using Madeira stranded cotton, with no. 2114 (a dark brown) for the eye and 2208 (a gold) for the hooves. I've also done the mane here, in 2403. I'm going to use three shades on the body, and that's the one in the middle.
I'm not aiming for a particularly naturalistic effect here, but I still want a little bit of shading to give depth. As the outline is gold metallic, I chose an ecru, 2404, as the darkest shade and added a line of that on the horse's underside, at the top of the rear legs, and under the chin:
I then used one strand of that and one of 2403 for the next line:
Two of 2403:
And then a line with one strand of 2403 and one of 2402:
This - 2402 - is the final colour. The rest of the horse will be done using that.