Trading With Linorth
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This is my analysis on #AUDUSD, which I did yesterday afternoon.
If I were to follow my usual strategy of trading with the trend, I would have gone in with buy orders for the top line of the channel, and at the top of the channel, I would have bet against the break out and would sell it there..
But instead I fell into the old trap of catching reversals, and ended up losing money on an obviously profitable trade.
This chart alone would have given me at least 100 green pips in less than 24 hours, yet I lost about 40 pips on it.
If I were to follow my usual strategy of trading with the trend, I would have gone in with buy orders for the top line of the channel, and at the top of the channel, I would have bet against the break out and would sell it there..
But instead I fell into the old trap of catching reversals, and ended up losing money on an obviously profitable trade.
This chart alone would have given me at least 100 green pips in less than 24 hours, yet I lost about 40 pips on it.
Next week, Im gonna stick to my usual routine of trading with the trend and rack up massive amount of pips to make up for the last two days of this week😋
During the weekend, Im gonna record an educational video about my scalping method and teach you guys how to pick your entries and scalp. So make sure to subscribe to my youtube channel (link is in the description of this channel) so you can be one of the first ones to watch it when I upload it to youtube.
I wont be trading today anymore, so I'll see you guys next week.
Have a nice weekend everyone😎
I wont be trading today anymore, so I'll see you guys next week.
Have a nice weekend everyone😎
I was a bit off on both entry and exit points I shared (I expected it to come down till 1.036 -or at least 1.038 for a retest, but it reveresed at 1.039, but if you would have entered with me on 1.041 (the high of the bullish candle) you would have been able to close out at 1.0660 with 250 pips of profit. (I still expect it to move higher. but since 1.0660 is an important resistance, it could be worth it to step off and wait for a correction wave and get on it again if it decided to break through the resistance.)
these long time trading signals are only 20 precent of all my trades, I don't generally like holding positions for longer than 5 days, but I keep a few of the better ones I find to cover for possible losses on my scalping trades.
still, I will share as many as I can find, but I like to change the direction of this channel from merely sharing signals to an educational class where I can teach those of you who are serious about trading, how to find these trades yourself. but so far the reactions have been kinda dissapointing. there are 180 of you in this channel yet the youtube channel got only 10 subscribers, which tells me most of you guys really don't want to learn anything and are happy with just using a few signals here and there.
these long time trading signals are only 20 precent of all my trades, I don't generally like holding positions for longer than 5 days, but I keep a few of the better ones I find to cover for possible losses on my scalping trades.
still, I will share as many as I can find, but I like to change the direction of this channel from merely sharing signals to an educational class where I can teach those of you who are serious about trading, how to find these trades yourself. but so far the reactions have been kinda dissapointing. there are 180 of you in this channel yet the youtube channel got only 10 subscribers, which tells me most of you guys really don't want to learn anything and are happy with just using a few signals here and there.
eitherway, I will continue towards educational content more, since that was my main goal of creating this channel in the first place.
#USDCHF - buy at 0.96280 with 100 points stoploss and 200 points take profit.
Trading With Linorth
#USDCHF - buy at 0.96280 with 100 points stoploss and 200 points take profit.
initial risk is 7 pips so you can close it after that too.
#USDJPY - sell limit at 112.600 stop loss 200 points take profit 400 points.
Trading With Linorth
#USDCHF - buy at 0.96280 with 100 points stoploss and 200 points take profit.
this one failed, but if it breaks through the resistance, I might go in with a sell order for the buttom of the channel
Trading With Linorth
#USDJPY - sell limit at 112.600 stop loss 200 points take profit 400 points.
I'm pulling it a bit higher to 112.650 and widening my stop to 300 points and take profit to 600 points. (the fall I expect could be to around 112.000 so I plan on getting off a bit earlier at 60 pips profit.
Trading With Linorth
I'm pulling it a bit higher to 112.650 and widening my stop to 300 points and take profit to 600 points. (the fall I expect could be to around 112.000 so I plan on getting off a bit earlier at 60 pips profit.
I added another sell order at 112.820 with a 400 points stop and a 800 points take profit.
#USDJPY - very tight trading ranges in the channel. but I expect it to fall to around 111.650
#NZDJPY - JPY is getting stronger and NZD is getting weaker, so we might see a dive on the NZDJPY chart after the news. for now, here is the chart if you want to trade it.
#Gold - sell limit at 1235.00 with 300 points stop loss and 900 points take profit.
Trading With Linorth
#Gold - sell limit at 1235.00 with 300 points stop loss and 900 points take profit.
order activated on the upper pin of a bullish candle.
Trading With Linorth
#Gold - sell limit at 1235.00 with 300 points stop loss and 900 points take profit.
initial risk was 10 pips and the trade is in 21 pips of profit already, if you have enetered in parts (as I have repeatedly said you should) you can close part of your position here, and keep part of it for the final target.