Trading With Linorth
#EURUSD - if it breaks out of the triangel pattern, it can go for a 30 pips target. I
Trading With Linorth
I closed my 1270 and 1272 orders in 50 and 70 pips of profit, but I'll keep my 1263 order open
Trading With Linorth
#EURNZD - head and shoulders pattern, it can go for a 200 pips target. I will either sell it after it breaks through that static line, or if it moves pack to the neckline of the pattern.
Trading With Linorth
#GBPCHF - I'm longing this for 100 pips which is its first target. the second one is 170 pips. @TradingWithLinorth
I was just looking at my own account and realized I have missed this trade on my weekly count.
It reached its 100 pip target I had on it but I somehow I forgot to add it to our total because I forgot posting an #update on it in the channel.
So now Im just going to add it to our count for the past week.
It reached its 100 pip target I had on it but I somehow I forgot to add it to our total because I forgot posting an #update on it in the channel.
So now Im just going to add it to our count for the past week.
Trading With Linorth
#EURAUD - 2H - Buttom of the channel, if it holds the support here, it can move up towards its first target (first resistance) which is 100 pips.
Trading With Linorth
#EURAUD - since putting targets in pip amounts can be confusing, I'm going to put up flashes on my chart so even if you see the analysis late, you can see where was my target for the trade.
#EURAUD - #Update - I'm still in with my buy orders, I think its creating a pullback to the top line of the pattern so I have a buy limit there (at 1.51505)
but I have lowered my target a bit (to about 65 pips from the 1.51505 order) so it can have a better chance of getting hit. and after this trade on this pair, I will look for a good opportunity to sell it since I expect it to create another swing high and then dive down.
but I have lowered my target a bit (to about 65 pips from the 1.51505 order) so it can have a better chance of getting hit. and after this trade on this pair, I will look for a good opportunity to sell it since I expect it to create another swing high and then dive down.
Trading With Linorth
#EURAUD - since putting targets in pip amounts can be confusing, I'm going to put up flashes on my chart so even if you see the analysis late, you can see where was my target for the trade.
Trading With Linorth
#GBPNZD - I'm buying it with a small size for 300 pips target, and my stoploss for it is 150 pips! the target of the pattern is 500 pips, so if you wait on it, you can have 1:5 risk to reward on it
Forwarded from Linorth Signal Service
#update
Ok, so this week wasn't a good one. mostly because of trump making it sound like a vaccine is ready to be pumped in the market for mass use (which is yet another one of his lies)
but nonetheless, it goes to show that bad weeks happen to everyone just because most of the trades won in the past 2 weeks doesn't mean I can never lose. so always keep the risk and money management rules in place and stay a disciplined trader.
result of trades this week:
#EURUSD -50
#EURCAD +70
#NZDUSD -100
#USDCAD +50
#NZDJPY -140
#AUDCAD -70
#Gold +100
#GBPJPY (still running)
#GBPUSD (still running)
#AUDJPY (Still running)
_______
total so far: -140 pips
Even though most of the positions got stopped out, I didn't want to issue more signals cause as I said, its important to stay disciplined. when the outlook is too foggy to know what is going to happen, its better to wait for another week to take back those pips lost. instead of revenge trading and losing more.
results of 3 week period combined:
Week 1: +700 pips
@eek 2: +810 pips
Week 3: -140 pips
__________________
total so far: +1370 pips
P.S: I think the bot is fixed and now its even capable of sending text-only posts like this one. I'm sending this update to check if it works properly and everyone will receive the text update messages. but I will also send a test image to see if the system works for sending out signals as well as text-only updates.
if both work properly, I will send out signals and do the updates directly from the bot and will keep the channel for sharing fundamental updates and other announcements unrelated to trading.
Ok, so this week wasn't a good one. mostly because of trump making it sound like a vaccine is ready to be pumped in the market for mass use (which is yet another one of his lies)
but nonetheless, it goes to show that bad weeks happen to everyone just because most of the trades won in the past 2 weeks doesn't mean I can never lose. so always keep the risk and money management rules in place and stay a disciplined trader.
result of trades this week:
#EURUSD -50
#EURCAD +70
#NZDUSD -100
#USDCAD +50
#NZDJPY -140
#AUDCAD -70
#Gold +100
#GBPJPY (still running)
#GBPUSD (still running)
#AUDJPY (Still running)
_______
total so far: -140 pips
Even though most of the positions got stopped out, I didn't want to issue more signals cause as I said, its important to stay disciplined. when the outlook is too foggy to know what is going to happen, its better to wait for another week to take back those pips lost. instead of revenge trading and losing more.
results of 3 week period combined:
Week 1: +700 pips
@eek 2: +810 pips
Week 3: -140 pips
__________________
total so far: +1370 pips
P.S: I think the bot is fixed and now its even capable of sending text-only posts like this one. I'm sending this update to check if it works properly and everyone will receive the text update messages. but I will also send a test image to see if the system works for sending out signals as well as text-only updates.
if both work properly, I will send out signals and do the updates directly from the bot and will keep the channel for sharing fundamental updates and other announcements unrelated to trading.
Trading With Linorth
#Gold - H1 the next decent buy entry I'm waiting for on gold. (I'm going to share charts with levels from now on, to allow more advanced traders to mix my analysis with their own if they need to)
#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)
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)
Forwarded from Linorth Signal Service
#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
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
Trading With 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 tradeβ¦
#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.
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.