#AUDUSD - H4

ideal entry - blue line - 0.6535
stoploss - red line - 0.6624
1:1 target - green line - 0.6441
1:2 target - green line - 0.63510

unfortunately #GBPJPY, #USDCAD and #AUDUSD trades got stopped out.
I can't make sense of this market.. US tech index almost at pre-corona historic high and S&P500 gaining on such low volume..
seems like fundamentals don't matter when they are not in the best interest of big players!
I still don't believe the gains are sustainable and are mostly result of hopes of vaccine and a quick recovery, but soon the economic data will come to crush that hope. I think June is going to be the reckoning month for the market.

I think I need to run some multiple timeframe analysis again and change my style of trading and make it more heavy on the technical side instead of fundamentals.

#update

Alright, this week straight up sucked for me. not only most of my FX trades got stopped out, but also I lost money on my trades on S&P500 index. so overall was a very bad week for me. I basically had the wrong bias towards the market (expected a heavy selling on stocks and demand for USD to surge in the FX market but it didn't happen and the opposite happened (hope of vaccine and recovery pushed other currencies up against USD while stock markets around the world recovered slightly) but I still believe this is going to be short lived and another fall in stocks is on its way, since even the current climb is very low volume and is fueled by the feds creating inflation. even feds can't stand in the way of bankruptcies on a corporate level so they know and you can hear it in middle of their speeches that they expect another fall in the market as well and don't expect a fast recovery at all.

I don't want to revenge trade and change direction mid week, instead I'm going to stick to my discipline and find better trades to make up for the losses next week and find better entries. the only thing I will enter this week if getting the chance, is gold, which I shared its chart with you already.


This week results:
#USDCAD -50 pips
#GBPJPY -90 pips
#EURUSD -115 pips
#AUDUSD -90 pips
#GBPUSD -200 pips
__________________
total -545 pips


that brings the monthly result to:
Week 1: +700 pips
Week 2: +810 pips
Week 3: +10 pips
Week 4: -545 pips
__________________
total pips: +825 pips


we basically had 2 good weeks followed by 2 bad weeks.
for upcoming month (June) I will try to avoid forcing my own bias and instead share both ideal entry and exit points for bullish and bearish bias along with my own signals that are based on my own bias. so if you didn't agree with me on the bias, you can still use my analysis for your entries on the opposite side of the market.


I'm also adding PerfectMoney as a mean of payment on the bot, its like paypal but I'm allowed to use it!
so if Bitcoins are a hassle for you to use, you can create a perfect money account (perfectmoney.com) and have it verified and use it for subscribing to the bot once the gateway is ready (I think it will be done tomorrow)


Thank you all for the support
Regards
-@Linorth

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

Signal Type: New Order
Order Type: Buy limit
Instrument: #AUDUSD
TimeFrame: H1
Entry Price: 0.69430
TP1: 0.69900
TP2: 0.70400
SL: 0.68968
#Explanation: I'm a bit late on sending this one out. but I think it will play around a bit before climbing higher so will give us an entry on ideal price. still, you can use the lines on the chart for smaller scalp trades on your own if you want.

Signal Type: New Order
Order Type: Buy limit
Instrument: #AUDUSD
TimeFrame: H1
Entry Price: 0.69439
TP1: 0.69935
TP2: 0.70435
SL: 0.68935
#Explanation: The daily bearish candles have closed above 0.69400 so we can still expect another run up towards the 0.70500 area.

Signal Type: New Order
Order Type: Market Buy
Instrument: #AUDUSD
TimeFrame: H4
Entry Price: 0.69935
TP1: 0.70435
TP2: 0.70917
SL: 0.69459
#Explanation: will it give us another run up? lets find out!

Signal Type: New Order
Order Type: Market Buy
Instrument: #AUDUSD
TimeFrame: H1
Entry Price: 0.79251
TP1: 0.80001
TP2: 0.80751
SL: 0.78501

#update

#GBPUSD and #EURAUD hit their targets and the other positions are still in good shape.
I was tempted to replaace a #usdcad trade with #AUDUSD trade. but I thought not everyone can see it in time to close while its still above entry point so I decided to stick with it and ride it out.
so I will just add the USDCAD trade to the mix instead (will send out the signal shortly after this message)

#update

#USDCAD trade reached the target and #AUDUSD is also very close to take profit. but I feel like it might reverse before going the last 10 pips so lets just close it and save our profit on this pair as well here on 0.79700