#Gold - #update

gave us a clean entry and now I have put 1:1 to 1:3 targets on the chart.

I think its going to at least attempt to create a head and shoulder pattern, yet I think we are likely to see a correction to the down side once it reaches 1746 price before it continues the upward movement again. so I think its a good idea to close out around 1745.45

or you can just close half of your volume on 1:1 target and free risk the rest (putting stoploss 5 pips above entry price)

it reached the 150 pips target so I'm going to add that to this week's count.
I personally think it will retrace down one more time and since its Friday, we can just close out to avoid gaps over the weekend.

result of trades this week:
#EURUSD -50
#EURCAD +70
#NZDUSD -100
#USDCAD +50
#NZDJPY -140
#AUDCAD -70
#Gold +250
#GBPJPY (still running)
#GBPUSD (still running)
#AUDJPY (Still running)
_______
total so far: +10 pips

not a good week by any means, but I feel like its mostly my fault for getting hasty with entries, had I been more patient I could have shared better entries and not get stopped out on some of these positions.
I usually just watch the market on Mondays and trade from Sunday to Thursday and close out on Friday.

but I'm still adjusting to this signal sharing process and trying to find a method that is both effective and useful for the subscribers. its one thing for me to just share a trade, its another thing to do it in a way that allows everyone to enter with me.
I'm sure we will figure it out together as we go along.

oh almost forgot to say that next week is the final free week of the signal service and after that there won't be any trials available for it, so if you haven't subbed yet, make sure you do it before your subscription runs out. I suggest doing the BTC payment over the weekend when the market is less volatile and I also suggest you make sure you do the whole process of buying BTC and paying via the bot in the same day (preferably in the same 2 hour period) to avoid the price fluctuations of BTC.



Thank you all for the kind words of encouragement and all the support you have shown me
I dearly appreciate it

Kindest regards
-@Linorth

#Gold - H4

next level for going long on gold.

I have both placed lines for long term trades and short to medium term trade with a tighter stop to catch the reaction to the PRZ area.

blue line is the ideal entry (1695), and then for the long term trade stoploss would be behind 1668.50
and first target would be 1720.91

for the reaction to the PRZ area (the red box) you can have a tighter stop behind 1679.61 and aim for a 1:1 trade to 1710.20 and if the move continued keep half of volume free risked for 1725.25

#Gold - #update

gave us a clean entry but selling pressure still seems strong. bears are pushing for their exit at the bottom of the PRZ 1690
but at the same time Nazdaq and S&P500 got hit by trump's feud with twitter. oil also seems like getting ready for another fall down.

so if gold jumps, I think it will aim for the conventional stop of bears 1736 at the very least.

#Gold - #update
hit the target for the reactionary move. (+150 pips)

but if fall in S&P continues, we can see it easily touch 1750 or maybe even 1771 in the next couple of days.
so it might be better to free risk it and let it run!

reached its 1:1 target of 260 pips so I'm going to count this on the weekly count.


This week results:
#USDCAD -50 pips
#GBPJPY -90 pips
#EURUSD -115 pips
#AUDUSD -90 pips
#GBPUSD -200 pips
#Gold +260 pips
#AUDCAD +60 pips
__________________
total -225 pips


that brings the monthly result to:
Week 1: +700 pips
Week 2: +810 pips
Week 3: +10 pips
Week 4: -225 pips
__________________
total pips: +1295 pips

profit if taken with different standard lot volumes:

0.01 lot = $129.5
0.1 lot = $1295
1 lot = $12950


Cost of monthly subscription: $20



Since bot has been fixed, from next week the signals will be sent to subscribers only via the bot as the 1 month free trial has ended.
The bot doesn't give a trial period as its based on telegram app, but if you register and use PerfectMoney payment method to buy your subscription, you will have a 7 day money-back guarantee (minus the %1 fee of payment gateway)


Thank you all for the support

#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.

#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)

#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

my medium term view on #Gold.

I had 2020 as the ultimate target for bulls and expected profit taking to happen between 2017-2020 price area, but price action managed to almost touch 2075 before getting stopped.
the wave down in my opinion is from profit taking, and now that it has touched the midway support level 1881-1901 price area (based on weekly chart historic levels) I ran my algo on the chart again with the new pivots in the calculations, and now you can see the purple lines of it.

now I believe we are either going to see a bull run immediately following the red candles from that small blue box (after touching the purple line) aiming to break the 2075 high (but only slightly. basically touching the top purple line a bit further in the future, just enough to take out stops behind the 2075 high.. my guess is 2081)

OR we the price is going to gradually climb down towards the PRZ area (big blue box) for the rest of the month to close the monthly candle around 1818 price area.

#Gold ETF holdings dropped another 322k oz yesterday, thereby taking the post-vaccine announcements drop to 1.7m oz. due to loss of momentum we might see gold trading lower short term, but I see no reason to alter my overall bullish long term view based on USD yields and inflation.

I have added to my long position today and I have my PRZ area at 1750-1771 price area and will add more to my longs if price reaches there.

#Gold was bought after the vaccine news failed to force it below key support at $1850/oz. The net long rose 10% to 122k after hitting a 17 mth low the previous week. #Platinum bulls responded to the 5% price jump by lifting the net long to 6k lots

#Gold

I expected it to retest the PRZ area before continuing the uptrend. but it made a quick jump!

not really surprising, considering the record amount of dollars getting printed and the inflationary effect pushing BTC and Gold higher.

medium term I see $2500/oz easily reachable.

origin story of #Gold!