Trading With Linorth
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#EURJPY - I put in a small sell order at 128.450 with a 300 point stop loss. I'm tryin to sell it from the top of the flag to its buttom, which is a risky move since we are in a strong acending trend. so I think its safer for you guys to wait and get in on a buy setup when it touches the buttom of the flag pattern at around 127.500
#EURCAD - maybe its a bigger triangle than I thought it was initially! either way, I might go in with a sell order with a very tight stop (less than 8 pips) just for fun. (small order)
#EURGBP - no special patterns, just trend lines, its still safe to go in with a buy order when it touches the short time acending trend. but play it safe and trade low volumes.
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sell nzdusd at 0.73250 sl 0.73500 tp open
I held it over the weekend, but it just hit 20 pips and I closed it to save my profit. now I will wait for it to make a pullback to the buttom line of its channel. I might go in with another order then, depending on how things go at that time.
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just went in again with another sell order at 0.73089 with a 135 point stop and a 320 pip profit. its a bit risky, so I went in with a low volume.
I turned it into a 1:2 trade so my stop loss can be behind a resistance line and my take profit before a support line. so it now has a 140 poins stop and a 280 points take profit. still a decent setup, considering the price movements on 5min and 1hr chart
#USDJPY - sell at 112.540 with a 500 points stop loss and 100 points take profit. (low volume)
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#EURCAD - maybe its a bigger triangle than I thought it was initially! either way, I might go in with a sell order with a very tight stop (less than 8 pips) just for fun. (small order)
it hit my 20 pip take profit a lot sooner than I thought!
and activated my buy limit order at the buttom of the triangle pattern, which I might close by hand, since the movements are crazy fast!
#NZDUSD - sell at 0.73143 with 80 points stop loss and 240 points take profit.
#USDJPY - sell at 112.713 - stop loss 330 point - take profit 990 point (very low volume)
closed both my positions on #NZDUSD
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closed both my positions on #NZDUSD
it was their original tp but I widen it so maybe the price can move passed the major resistance line of 0.73000 but since it couldn't break that line, I closed my position and took my profits. overall, a good day so far 😊
#CADJPY - look for the signs of reversal when the price hits the resistance line of 87.000 if it couldn't break the resistance line, we go in!
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#CADJPY - look for the signs of reversal when the price hits the resistance line of 87.000 if it couldn't break the resistance line, we go in!
I already went in with a very small (0.01 lot) sell order at 86.890 and put my stop loss 220 points and didn't set a take profit yet.
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#EURCAD - maybe its a bigger triangle than I thought it was initially! either way, I might go in with a sell order with a very tight stop (less than 8 pips) just for fun. (small order)
I removed my buy limit order on cad. since the price is falling way too fast. I will first let it stablize and then go in with a trade. but its hitting the target of the triangle so thats good for those of you who still have an open sell position on it ;)
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#Gold - seems to be on its way down to touch the acending trend again. I have a small buy order in at 1234.00 (where I think it will touch the trend line) with a 500 points stop loss.
it just activated one of my buy orders at 1234.00

its a low volume trade and I have another buy limit ready at 1230.00

I'm hoping for a reversal at that area.


but keep in mind these are all counter-trend trades. I'm testing my method of predicting reversals (if confirmed, I'll share an educational article on it)

you guys should probably stick to trading in the same direction of the trends. since the risk of those trades are a lot less than counter trend trades.
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#USDJPY - sell at 112.540 with a 500 points stop loss and 100 points take profit. (low volume)
unfortunately this one didn't work as well as I hoped. it was a failed trade. but its alright. there is plenty of time to make up for it
I had two failed trades yesterday, both #USDJPY and #Gold didn't move as I hoped they will, so now I'm back on #Gold again trying to go up with its bullish trend. I have a buy order in at 1224.10 with a 150 points stop and 450 points take profit.