guys there is a market selloff happening in US stock market, due to the yield curve inverting. the thing that affects us here is that even tho a market crash will drive the gold pricess higher eventually, initially the gold price will fall a bit because invetors liquidate their gold investments to go bargain hunting in the stock market and buy in the dips.
so don't long it just yet, wait a bit and then go in if you want to go bullish on gold.

I have closed the PAMM and I'm in the process of relocating back to FXchoice, will wait for the brexit vote and after we find out what is going to happen to brits, we can finally have a clear image of where the market will be headed for the first quarter of 2019.

this one is very close to reach the target. I think we might be able to catch the next bounce to the upside as well. currently I think 0.7378 is where it will stop so I would close the sells there, but for buying it I might wait a bit to see if I can catch the entry on the lower level around 0.735

will update you guys when we get there.

ok it hit the target I had on it and now its in a good place to buy again for the target of 0.76

the price I had in mind for buying was 0.74174 but you can buy here on 0.74200 as well.

lets see if we can maximum our profit taking on this pair.

in case its not obvious to some new followers.. I always set stoploss relative to target so I can have a decent risk to reward ratio. for the buy I have my target at 0.76500 which is about 240 pips from my entry (0.741) so my stop can either be behind 0.72900 or behind 0.71900 to get either a 1:2 or 1:1 risk to reward on the trade.

I have decided to go with 1:2 so my stop is behind 0.72900

currently we have poloz's speech about rate hike which market is reacting to it. but I still doubt the price can go below 0.73300 static line.

I have almost finished the process of relocating back to FXChoice broker (https://bit.ly/2Cez0ak) so from monday I will start taking trades again on the MAM account.


Have a nice weekend everyone
see you on monday!

China is dumping US treasury bonds ($12.5B in october!) and seems like they have decided to stop investing in US bonds altogether. seems like Xi is reaching for his final weapon in the tradewar in a very chinese manner (silently without much media attention)

Seems like other buyers of US bonds are dumping their bonds as well, although not as aggresively as the chinese!

#TradeWar

So I'm expecting the USD to get weaker throughout the first quarter of 2019 and I'm currently bearish on the DXY as well.
currently selling #USDJPY and #USDCHF

I will try adding more fundamental analysis to the channel from now on and if I can find the time maybe live trade some news events..

but the workload has been a bit heavy recently, I will try my best to be as active as I can on this channel and share more trading opportunities with you guys.

Good luck out there ;)

looks like DXY has started the fall.. lets see how much profit we can shave off of it!

by the way, the first target this time is 94.149 then we may or may not see a correction before we continue the fall.

and final target for me is 92 and then I will wait to see if it dives fruther down or corrects the move before finishing the fifth wave of the pattern.

seems like after the fall in price of oil the saudis are panicking about going bankrupt and plan on reducing their production from next month to jack up the prices again, so I think its worth it to enter wticrude oil in small parts.
the fall has been very sharp and the most I see it fall is to 40 so Im buying it from 47 with a small size and will add to my positions if price falls down more (on 45 and 40 that is)

its a bit risky considering how much trump likes lower oil prices but I doubt he can force the prices down single handidly to below 40.

I have monitored trading conditions of some of market maker brokers during this climate of high geopolitical tentions to see how each broker deal with the volatility of the market when it comes to processing the orders of their clients, and the result was not that surprising!

almost all the market makers I checked used various methods of spread manipulation, candle making and slippage/requotes to basically rob their clients out of their money!

it might not be obvious to each new trader when they join a new broker, since most of these methods don't have tangible evidence (except candle making perhaps) that new traders can observe and check a broker for that sort of activity, but once you trade with each of them for a while, you will experience these things yourself.
the thing that surprised me the most in alpari for example, was how blatantly they would use these methods to rob their clients, which is the reason I flee the moment I spotted one of their malpractices even tho I really wanted their PAMM feature. it was just not worth it.


but after a long search for a decent broker that I can fully trust myself, I have found FXchoice to be the place I can feel comfortable enough to do both long term and short term trading in, even during the most volatile moments of the market. cause what most of those market makers do is that they manipulate spread or create candles and then when anyone complains they just reply with something like (thats because of our liquidity providers) and basically blame you for trusting them in the first place!

but during the past year that I have been trading with FXchoice I have found them to be a real STP broker that basically connects me as a client directly to liquidity providers so I can just trade the market itself instead of trading against my broker and have the conflicts of interest problem!

I will give you guys a real example of a comparison between fxchoice and alpari in terms of candle making so you can see clearly how a market maker broker like alpari steals the clients funds by manipulating their platform.

you can see here in the monthly chart how much of a difference does it make in which broker you trade. its one thing to lose to the market, but its a whole other thing to be scammed by your own broker.

I'm relocating all my accounts to fxchoice myself, and if you are still trading in a market maker broker, I suggest you relocate to them as well.

I'm also planning to build a clientbase there from both my MAM account investors and followers who would like to trade my signals. I didn't want to create a VIP group and charge fees for signals since I don't like doing that at all. I intended my channel and everything I do to help others to always remain free of charge and its going to stay that way. but since I'm not making any money at all from running this channel or providing signals, sometimes it is hard for me to convince myself to devote a lot of my time into being active on here and constantly update you guys on my trading decisions or do the live trade management class I've been meaning to do.
so I have came up with the idea of just creating a separate group for providing signals to traders who create an account at fxchoice under my IB. that way they won't have to pay anything to me directly from their own pockets, the broker will pay me commissions for the trades they take under my IB and they can just get the signals from me and trade them themselves in a decent broker where I can have confidence that the stoplosses I gave them won't be activated by the spread manipulation of their brokers.

if you like the idea, you can use this link: https://my.myfxchoice.com/registration/?ib=136591
to create a live account at FXChoice under my IB and once you have deposited your funds to your account and you were ready to take trades, you can contact me with your name (the name you have used to register the account with) so I can verify that you are listed under my IB and I will add you to the private group for signals.




as for anyone who is not interested in relocating to another broker, no need to worry, while I may not provide signals here (signal meaning giving exact entry, stop and target) I will still provide the fundamental analysis and technical analysis I do on the market here in this channel for you guys to use in your own trading. the channel is not going to change at all. I'm just trying to build a clientbase of traders who wish to follow my method of trading and slowly learn the process by watching the signals and learning how I set stop and targets and the mindset behind the way I manage the trades based on my analysis.
so yeah, if you are not interested, just ignore these messages ;)


kindest regards
-@Linorth

ok, so with the US government being in shut down mode now, we will definitely see a gap down in dollar index on sunday, but since the banks are closed for holidays, trading during the next week will be very risky since we might see unusual volatility during those times.
so its better to stay on the safe side.


Happy holidays everyone

after touching 42 the price jumped back up, broke the high of last trading day (46) and now its eyeing 50 for short term.

unfortunately for me, when I entered a martingale position on 42.54 I decided to hedge it to cover my ass in case price fell more down towards 36 (the fibbo level) and make the order heavy there since if it had went that far down it would have shot back up very quickly to 46 and I would have made a lot of money there but my experience on gold a couple months ago made me decide on looking after tbe capital instead of risking big.

I was long on gold three months ago and expected the reversal to happen at 1175 but it went down to 1160 and came back up from there.. but my overconfidence on my own analysis cost me a lot of money and I lost big on a trade that if I had taken a more conservative approach to it would have made me at least 80K in 3 months.

oh well.. shit happens. there will be always other opportunities to profit, but we all need to be careful and not get overtly invested in our own analysis and bias towards the market and expect the unexpected at all times.