#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!

"Warning of potential volatility"

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

Tuesday, 30 June
09:00: GBP – GDP
12:00: EUR – CPI
15:30: CAD – GDP


Wednesday, 1 July
15:15: USD – ADP Non-Farm Employment Change


Thursday, 2 July
15:30: USD – Average Hourly Earnings
15:30: USD – Non-Farm Employment Change
15:30: USD – Unemployment Rate

All times are GMT+3

If you want to help me get the fully automated signal service ready as soon as possible, you can take a look at this:
https://linorth.com/kickstarter-project/

for ease of access (in case you are not a member of the website) I have added the same plans that are here: https://linorth.com/support-packages/

to the bot (@linorth_bot) so you can purchase the packages via the bot as well (this way it will be easier for me to link your telegram account for adding signal service packages in future as well)

And yes, old supporters will also be included into this based on their payments (for example, those buying 3 month of manual service in the past will get 3 month free from the automated system as well)

Signal Type: New Order
Order Type: Buy limit
Instrument: EURUSD
TimeFrame: H1
Entry Price: 1.12388
TP1: 1.12882
TP2: 1.13388
SL: 1.11879
#Explanation: this one is a decent swing opportunity.

seems like there is still hope for this one to make another run up to 1:1 target at least.

I got the same questions from a lot of members, so I decided to write a blog post and answer them all.
you can read it from here:

https://linorth.com/automated-signal-service-faq/

its quite a surreal experience to go from making 10K in a week to crowdfunding 10K to keep your business alive.

but I've learned my lessons from past mistakes and am dedicated to climbing my way back to the top again.

And I'm super grateful to have you guys supporting me and having my back in my down days.
I'm sure the end result will make up for all the struggle it takes to get there.

just wanted to thank you all once again for your continued support. it warms my heart to see members who already have a premium subscription buy another support package just so they can help me a bit more. I hope I can make it up to you all.

Thank you

Oh well.. it seems like there is a complication with PayPal with the business account of my company. they have decided to close the account. so now my business partner in UK is working on getting PayPal to refund everyone who made a payment to our account.

Seems like I'm back to square one again. it sucks but there is nothing I can do about it.