Hope you all are having a nice weekend.

For next week I have planned to go lower in time frames and share the mega channel lines that my algo gives me for scalping in lower time frames.

As you can see in the image above, these levels will come quite handy when we want to scalp off the charts.


if you still haven't renewed your subscription, please do it before monday as from next week I will no longer be able to give free trials to anyone, so if you don't want to fall behind on the monthly goal and not miss signals, make sure you have your subscription renewed before it runs out.

I'm also adding bitcoin cash to the payment options very soon to help more with lowering the fees for payments. I think it will be implemented tomorrow (will update on this via the channel once its implemented)


Thank you all again for all the support.
Enjoy your weekend.

The BitcoinCash payment option has been implemented on the bot to help with the fees of the service.
since for payments with bitcoincash the fee is always something between $0.001 to $0.008 its the perfect option for you guys to renew subscriptions with them instead of bitcoins to avoid the high fees associated with bitcoin payments.

I'm going to watch the market on Monday to see the effect of fundamental evens (trump feud with twitter, tradewar with china, hongkong sanctions etc..) on the market first, and then I will share some charts via the bot and send out signals.

Lets have a great week!

#Gold

Here is my algo's levels on gold. if it break that red box next to the current price, it will be climbing towards that red box at the top and we can scalp along the way on the levels (buying at one level with a stoploss behind the level below) or if it can't break above that box, we can try scalping on the sell side.

my ideal entry would be a buy position on the thick red line (going through the 1719.80 static line)
I'm guessing the price will form a head and soulder pattern under the red box and move a bit lower but once it reaches that thick red line level, it will bounce back up.


I'm working on a way to give you all the same levels (maybe a private group on tradingview? maybe sending out template files for MT5? I will update on this later on) but for now you can use the images and use the levels on your own charts for scalping positions since there is no way I can effectively issue signals for scalping trades that you guys enter with me.

#Gold - update

it hit the stop I had (while also touching the level I was waiting for -thick red line- but the price action suggest we might be in for a retest of the 1700 price area (blue box) before gold continues upwards.

however, as you can see, the levels of the algo provide some decent scalping opportunity. but due to the nature of the market and how fast movements tend to happen, I can't really send out scalping signals that are useful for you guys (after all what does it matter if I share a scalping signal getting 30 pips if no one else can take it with me?)
so I'm looking for ways for providing you with these lines on your end and I think I have come up with a decent solution, will update you on that later today.

I will also add 7 days to your subscription for free, to make up for this week delays and lack of enough signals.

About the two posts above👆🏻

if you had read my answers on Quora about signal services you probably already know that this is the main reason I don't like them..
the fact that a signal can be successful on the chart but not really useable by subscribers is the biggest issue I have with those type of services, so I'm really trying to do something different here..
however, with the current situation of financial markets, its not a good idea to do long term predictions on the price and for short term scalping or swinging trades, I have a problem with picking the trades because not only they have to fit my analysis but they have to be useable for subscribers, so I often find myself picking levels that I think have a high probability of retest after I get my confirmation from price action.. its an extra layer that can mess things up, specially when the market doesn't have a clear direction. I also like the idea of not being in charge of exactly what you guys trade and just being there like an extra source of information for your own analysis so eventually you can do this thing on your own and only use my help as an extra viewpoint for comparison. I really like the idea of having a club of traders more than running a service that keeps people hooked on signals alone while adding nothing to their experience as a trader.

So I think the best path for moving forward in this current situation is if I just draw the lines of algo on my chart, and send the template containing them to you guys so you can have them on your chart, and during the week I can send updates on each chart explaining what we can expect to happen and which levels are better for scalping and whatnot. I think that way the outcome will be a lot better than with me sending a signal from the bot that can be seen by you way too late to be useful, and also allows you to mess around with my levels and maybe even mix them with yours.

so yeah, this is my plan for the service.. let me know what you guys think in the comments.

I don't like to advertise my services too much. cause with me, what you see is what you get.

I only started this signal service thing because of how bad my situation has gotten due to being based in a 3rd world country under heavy sanctions that have effectively ruined my livelihood and preventing me from pursuing my career and moving up the ladder.

now I'm aware that if I had just used my algo and churn out signals left and right, it probably would have been much easier to sell subscriptions because at the end of the day, the win rate overall (or pip count) would definitely be positive.. but I didn't want to do that when I'm already aware that it wouldn't have helped most of the subscribers in earning money from the market. because most likely they would end up being forced to cherry pick the signals and some might have ended up losing money while I made money from subscription sales because they either would have joined late or in a bad week (which I know has happened to some members already) or they might have missed most of the profitable ones and the portion they took ended up in negative or not as positive as others.
I really don't like to be in that situation and much prefer a setup where while I make money from subscription to enhance my own situation, I can be sure that I'm helping others to make money from the market and enhance their own situation as well. if its not going to be a win-win for everyone, then its not worth doing in my opinion.

I can't hide the fact that I'm a bit disappointed that after doing 1 month of free trial with complete transparency, only 12 members renewed their subscriptions at the end.
I was hoping at least I can get 50 or 100 members to renew so I can afford renting a small studio to add weekly webinars and live sessions... oh well... I will have to roll with the punches I guess 😅

this MT4 and MT5 file sharing system is the last solution I could come up with, even though its a bit risky for me in terms of having the result of years of studying and working on development it took, in danger of getting reverse engineered or something..
but desperate times call for desperate measures.
I have some students on my mentorship program that I need to refund before putting my courses on udemy, so I can lower the price of it.. and I need to save some cash to immigrate out of Iran as well..
so I'm going to keep moving forward regardless of how many people join. but I'm afraid there won't be any freebies coming your way anytime soon as I'm not in a situation where I can afford to work for free.

Sorry for the long rant.
Thanks for the support you all have shown me and for your time and attention.

Regards
-@Linorth

Im having my developer add paypal as a payment option on the bot.
A friend of mine who lives in Bahrain is helping me with her own account as a temporary fix while I work on getting a business account via my company in UK. Luckily tax system in Bahrain is lax enough so this wont create a problem for her.


So if you have a problem with payment via crypto, soon you will be able to buy/renew your subscription via your paypal account.

I also havent send enough signals this week so I have renewed everyone's subscriptio for a week.
I will create a video guide for the signal service to explain how the templates are going to be used and how we are going to trade together next week.

I will update again once the payment option has been implemented and is ready for use.

#gold

once it becomes stable above the blue box will continue its climb toward the first PRZ area at 1721.51

you can either swing it with a stop behind the 1688.50 or you can use the levels for scalping along the way (entering on one level with a stop behind a level lower and target one level higher)

in case you want to join in, you can get in after retest of descending trend. either for a scalp or a swing towards PRZ.

(how long before you are addicted to these levels? lol)

#Gold - Clean entry and a precise exit.

congrats to those of you who took it.

now I don't accept any excuses for not joining the VIP channel, this alone at least covers the subscription cost for a month, if not more! 😂

you can join the signal service by clicking here: @Linorth_bot

Fed's balance sheet has risen to 7.1 trillion with a T.
$3T of it in a 3 month period!

so much for not doing QE!

According to powell there is still no ceiling for the purchases and they will continue albeit with a slowing pace.

Now PayPal payment gateway has been implemented on the bot, so you can now use it for buying/renewing your subscription on the bot (@Linorth_bot)

hopefully this will make it much easier for most of the members to join the signal service and help me add new cool features like weekly webinars and trade-copier in near future.

Thank you all again for the support.
I dearly appreciate it.

OPEC+ members agreed to continuing the cuts for 1 month (till the end of July!)
from there they are going to make decisions based on market situation of supply and demand.
and they have given an ultimatum till September! to members who weren't complying fully with the cuts!

So there is a possibility of a gap upwards in oil when market opens, but its very likely to be short lived.

"$10,000 invested in Hertz the day after it filed for bankruptcy is now worth about $125,000"

The federal government debt rate hit a staggering $26 trillion.

That means an increase of $1 trillion in just one month!

With a gross domestic product of less than $20 trillion, the country now owes nearly 140% of its annual revenue.

Jerome Powell, President of the US Federal Reserve, stressed that they will support the economy by using any means necessary. and the QE will continue.

(Basically printing money without backing!)

As mentioned earlier, the US dollar has no way to escape from the fall, regardless of the physical demand it has during quarantine!

Gold on the other hand is likely to gain significantly from the devaluation of USD.

With S&P forming a new bear run, I think we can expect a new wave of panic and money moving towards safe havens like Gold and currencies like Swedish Krona.

"Warning of potential volatility"

Scheduled events
for the most widely-traded currencies, that may also affect indices and commodities. Times are GMT+3.

Tuesday, 16 June
09:00: EUR – German CPI
09:00: GBP – Unemployment Rate


Wednesday, 17 June
02:50: JPY – Trade Balance
09:00: GBP – CPI
12:00: EUR – CPI
15:30: CAD – CPI


Thursday, 18 June
01:45: NZD – GDP
04:30: AUD – Employment Change
04:30: AUD – Unemployment Rate
14:00: GBP – Official Bank Rate


Friday, 19 June
02:30: JPY – CPI

All times are GMT+3

Getting ready for another $1T in QE.

https://www.bloomberg.com/news/articles/2020-06-16/trump-team-weighs-1-trillion-for-infrastructure-to-spur-economy

Despite new covid19 cases in New Zealand and China and worries about the #Second_wave of covid19, Larry Kudlow, Director of the United States National Economic Council has said this time there wont be an economic shutdown in the US.


Of course this all depends on number of cases and how the situation develops. But for now its safe to say that US government is going all-in and doing everything in their power to support the ecnomy.


For us in Forex market, I think medium to long term analysis should favor more weakness in USD (from feds pumping new bills into market)
With Federal reserve helping central banks of other countries.. USD cant hold its strength much longer.

I have some good news!

First regarding the signal service..
my dev has finished the upgrading process of the bot and we have laid the foundation for the copy-trading system we're developing, by choosing a specific format for the signals which later are going to be parsed via our trade-copier script to basically take the trades I share via the bot, on client's accounts automatically. the trade copier platform is not ready yet, but for now I have the ability to guide the trading of my clients a lot better than before and tomorrow I will also add a page on my website dedicated to showcasing the performance of the signal service. (Will update again once its ready)


The other good news is that I have managed to rent a small office space (will get the keys sometime during this upcoming week) which I'm going to use for developing educational courses and holding weekly webinars etc..

so very soon I will be able to add a couple of cool new features and take things to the next level.


Thank you all for your continued support
I dearly appreciate it.

The stat report for signal service performance is finally ready!
I had to input old signals in it manually and it took me a long time to put in all of them but its finally finished and you can see it here:
https://linorth.com/signal-stats/
Now that I've had to look the signals up myself to enter them, I've realized how important it was to have this chart thing displaying signals and how they have done over time so now it will be much easier to follow the progress.
as you can see from the page the last 2 weeks the signal service was on hold (premium subscriptions have been comped for the delays) while I worked to get the office space ready, unfortunately for me Dollar rose against Rials in the past couple of days over here and the landlord insisted on increasing the rent by %30 which I couldn't afford to accept so that deal fell through, so I probably won't be able to do the webinars or live trading sessions yet.. I'm thinking about maybe doing a kickstarter thing to raise some money by giving discounts on services to cover the costs... not sure about that yet.

On a more positive note, I managed to partner up with one of my old investors and he is now the CFO of my company in England (Linorth Ltd) and with his help we managed to set up business bank accounts for the company and now I have the ability to market my educational courses on udemy.com which is a big deal for me and can potentially change my situation drastically! so I'm very excited about this and finally have some solid hope to cling to in order to not fall into a pit of despair and depression again! haha


For this week I'm going to start sending out signals again from the bot (@linorth_bot) to premium subscribers, but this time, I'm going to ignore the news cycle completely and focus on reading price action within my mega channels and I'm going to issue way more signals than previous week so my clients can lower their volume and increase the number of positions taken to reduce their risk in trading in the current climate of the market. more instructions will be sent to them via the bot later tonight.

I'm going to divide the signal process from market analysis process, so I can put up charts with just the analysis of the market here on this channel for everyone to use freely, while only sending trading signals via the bot to premium subscribers. that way this channel won't become an empty space and even those who don't want to join the bot can have my analysis to use alongside their own analysis of the market.


Thank you all again for the continued support
I dearly appreciate you all.
Thank you!