#EURCAD - H4 - channel

I have had this channel on this pair for a while. and each time after breakout from uptrend I short it for various targets.

currently we can have a clean entry at blue line.

a bit info about the colored lines, especially the blue line.

when I trade patterns, sometimes I trade based on breakouts and sometimes I trade based on speculation. the blue line is usually the entry based on speculation which gives the perfect risk to reward ratio based on the movements leading up to the creation of the pattern.

but often times, its safer to trade the breakouts which is reactionary trading, rather than anticipating the moves in advance. so in that scenario, when you want to trade the breakout, my method is that I wait for it to happen, then wait for a pullback/retest of the trend lines, and then I enter after that pullback so my entry falls on the trend line instead of being on the tip of the breakout bar.

this way I get a better risk to reward ratio on the trade.


Im going to share the charts with those colored lines because it helps me post them here quicker without typing out numbers.

also, if you want to trade the breakouts, just wait for them and enter the trades after the retest or at least try to enter at a price as close to the blue line as possible to have a better risk to reward ratio.

this one failed and hit the stop. thats -40 pips for this chart.

this one hit the target we had on it. +75 pips of profit on this one.

Sorry for lack of activity guys. The only reason for inactivity, has been the tentions around the trade wars.


Im using this time I have for writing an educational book which I will be publishing on this channel as soon as I finish it (my estimation is in two months at most)
Im trying to create a different educational book than most of the typical trading guides you can find online, by going through the necessary concepts first and then mixing them with my own trading strategies and the mentality and knowledge behind them.. and at the end of the book, Im going to try to teach the proper way of developing a new trading strategy that is compatible with your personality type.


In the meantime, I will share any pattern-based trading opportunity I can find that is worth taking, in this channel.
and since trade war tentions have messed up the rhythm of my live trading for the month of september, I will keep this thing going till the end of December to make up for the missed weeks in the middle.

Thank you all for the continued support.

Regards
@Linorth

this one got close to our stop and then with a sharp fall almost reached the target I had on it. since the fall is that sharp, I think its better if we get off it here. even now its a decent +150 pip profit. so we can get out and wait for a better entry to enter again.

I have been giving myself a month off, to distance myself from the chaos of working long hours for the past four months and charge my batterirs up again.

from monday I will get back to the normal routine and share trades I want to take with you guys here in the channel.


the book is almost finished.. Im just adding some cool new material to it that you cant find anywhere online (like my cross method for example) so Im very excited about sharing that with you as well.


see you all on monday.
have a nice weekend everyone!

-@Linorth

Just so you know, I am here, just haven't find anything interesting yet! 😁
by the way, if you have a analysis that want me to check it out and share my opinion about it, you can send it to me via direct message by clicking on ---> @Linorth and I'll be more than happy to help you with that!

#AUDCAD - H1

hello everyone, Im starting the week with a position on this pair.. seemed like a decent 1:2 trade.

green line is target, red line is stop and blue line is the entry.

#USDJPY - H4 - Elliot waves

this one is also a good 1:3 trade. again, the red line is stoploss, blue line is entry and green line is target.

I will share the elliot analysis of it shortly.

#GBPUSD - H1

This one also seems like a good buy opportunity, price has stabilized above the static line of 1.29600 so I'm expecting the price to move higher towards the green line.

the blueline would have been a better entry point, but even entering rightaway gives us a 1:1 risk to reward ratio which is not that bad. just lower your sizes a bit if you want to go in right away.

#DXY - H4

this would have been a good trading opportunity to get a 1:3 position in, but unfortunately I saw it a bit late.. so I'm just gonna half my volume and enter it right now with the same sl tp

this one hit the target I had on it. +107 pips on this one.
the #AUDCAD trade seems to be hitting our stop surely, since it got super close some might have gotten taken out already with spread, so Im calling it as a loss of -76 pips.

total so far = +31 pips and #USDJPY is still running.

this one is already in a small profit but I suggest you close it until after the news on midterm elections in US

Hello everyone,

From monday Im going to start taking trades on the PAMM account (Link in description of channel) and simultaneously sharing the trades I take there, here in this channel.

If you want to trade them with me, please put risk management first and try taking all the positions I share, instead of hand picking a few of them. since my goal is to turn a profit from the total result of all trades combined, so hand picking one or two of them might not be a wise idea.

I myself wont be aggressive at all and will keep the volumes lower than usual limits of money management because my main goal is to keep the DD below 5% and double the balance of my investors every year. so slow and steady is how Im going to go with this one.


Have a nice weekend everyone
See you monday

Kindest regards
Linorth

#AUDNZD - Daily - Triangle on the way for creating its sixth wave!

Blue line is entry, green lines are take profits 1 and 2.
and the red line is stoploss.

Considering that NZD is getting weaker, this pair most likely is going to sky rocket towards the top line of the pattern, but on its way it might see some correction after it reaches our first target. thats why I put up two targets for this wave.

#AUDJPY - Double Top pattern - wait for breakout to the downside and enter either after breakout or on retest of neckline!

Green line = target
Blue line = entry
Red line = Stop loss

I put the stop relative to target on this one, but some people who enter after the breakout to downside and after the retest of neckline, like to keep the stoploss smaller (a bit behind neck line) and trade patterns heavier with a better risk to reward ratio. but I don't recommend that you do that! keep money management and risk management in place at all times.

its better to have the odds on our side, so trading these patterns after break out is a better choice than just entering right away hoping it will reach the target!

#EURJPY - Weekly - long term view!

This chart is also in an interesting situation, I will explain my view in the next post since picture posts have character limitation!