the data on the britains economy shows there is no real fundamental force behind the GBP index and its doomed to fall more.. unless maybe there is some miraculous new progress in the brexit mess then we might see some strength in it but for now things look pretty bleak for the british economy.

overall I still expect the GBP to get weaker in the upcoming weeks leading to the brexit deadline.

IMF (international monetary fund) has also confirmed that saudi arabia will need $80-$85 oil to balance their budget.

I think its reasonable to expect them to sacrifice market share in order to bring up the prices in 2019. so Im sticking with longs on WTIcrude oil till at least $70-$75

as expected Saudi Arabia announced that they will increase their production to 9.800M barrels (even more than what was previously agreed upon in opec) and they will decrease their exports to 6.900M.

they are effectively sacrificing their market share to bring up prices to balance their budget. its a good opportunity for us to take advantage of this and make some easy money from wticrude oil in the market.

just enter longs in parts so you can add to your position if the price moved down more and in a couple of months you will be able to exit the longs in a decent profit

I closed my sells on #GBPUSD. as you can see the move I anticipated happened, but since it broke out of my desired range, I don't feel comfortable holding it for the final target I had on it. if you want to stick to the levels, I suggets moving the target a bit higher to 1.24300.

some small orders I had on #BTCUSD helped my pip amount goal for the week! 😅
but still, I managed to get half way to my monthly goal for February.
I was waiting for one more investor to join the MAM before taking the new basket of positions, but since they still have problem with KYC process at fxchoice, Im going to start taking positions anyways and let them join another month.

so Im going to play with #GBPAUD, #EURUSD, #EURAUD and #USDJPY for next week.

I expect USD to get weaker with more news on the US-China negotiations on a peace-treaty for tradewar.
but since things might get a bit volatile, Im going to just share price levels and direction (like the #GBPUSD chart) and let you guys manage your own trades with an eye on the levels of my algorithm as a help.

have a nice weekend everyone.

While the international markets are already celebrating the end of the tradewar between US and China, Trump seems to be focusing his attention on Europe with tariffs on european cars which can severely damage the heart of Germany's economy which is its auto industry.
there is still no timeline about when he might make his next move, but knowing trump and how he has been forcing his way and getting what he wants no matter what, it might be a good idea to prepare for the new tradewar with europe!

#GBPAUD - Daily

this is how I expect the pair to move.
either the smaller triangle breaks out to the downside and we see a quicker fall, or it will break out to the top and hit the red box and fall down from there to create the fourth wave of the bigger triangle.

the second red area is the supply area if we suddenly get some positive news about brexit that pushes the chart up.

Nigeria's president also said that his country's production rate will be reduced even below the amount preagreed with OPEC, to boost up prices even more.

WTI Crude oil > 57

for today on #EURUSD there are:

$1.2B buy orders on the round price of 1.13000

$664M sell orders on 1.13650

$2.4B sell orders on 1.1400

the orders will expire tomorrow morning. but if price hits either of these prices a strong reaction in the opposite direction is expected.


#daytradingtips #marketliquidity

I have gotten a lot of emails and messages about this post. so Im going to explain it here.
the exact volume of trades in FX market are not available for retail traders. over the years I have built some connections with analysts and traders in some of the major institutions around the world and we often exchange some info and tip off each other on good opportunities.
I get tips like order flow info, and sometimes even get info on trades made by big institutions.


Im building up my website right now to create a more exclusive trading floor type of community where I can share the info I get with members.
website is not ready yet, but will be ready in two weeks time.



in the meantime, I will try sharing more of these type of #daytradingtips when I get them.


cheers

I'm currently spending most of my time working on my website (www.linorth.com) and recording my educational course so I can release my full educational course on Nowrooz (Persian new years eve, which will be on March 21) through my website.

There are still a few bugs and glitches that I need to fix, but I think you can already register there and it has some cool features (like allowing members to pick profile pictures and ask questions on every lesson of the course) so I think you guys will love it once its fully ready.

This nowrooz will be the third one I'm celebrating on this channel, yet over this period of time I haven't spent any time on developing a brand for myself and have zero online presence cause I guess I never felt the need for it! lol but now with the new sanctions throwing my life off balance, I'm working hard on opening up a LLC company in bahrain with the help of a friend of mine so I can move my business outside of Iran and get rid of the sanctions and also build an online presence for myself so I can expand and grow my business easier.

I'm eternally grateful to all of you who stuck by me through thick and thin and helped me keep the hope alive during the tough times by your supportive messages and kind words.
I really can't thank you enough.


Regards
-Linorth

what is your goal in trading?
anonymous poll

Trading as a career - I want to become a professional trader someday managing other people's money – 80
👍👍👍👍👍👍👍 47%

Extra income - I want to trade my own money and earn a little extra on the side. – 55
👍👍👍👍👍 32%

Get rich quickly - I want to turn my $1K into $100K in a year. – 37
👍👍👍 22%

👥 172 people voted so far.

please answer honestly, its an anonymous poll.

your answer to this poll matters to me very much. I want to know my audience more. knowing what is your goal can help me create content that you want and can help you getting closer to your goal.
so please just answer honestly. its an anonymous poll so even I wont get to see who has voted for which option! 😄

sorry for not being around this week. Im working hard on the course to make it to publishing deadline before our new years (March 21)

so far about a hundred people have signed up at my website (Linorth.com) and I've planned a new years gift for anyone who is already a member on March 21.
so if you havent signed up yet, there is only 8 days left!

#USDJPY
111.450 (1.33B$)
111.950 (1.01B$)

#EURUSD
1.1300 (1.18B$)

#GBPUSD
1.3290 (1.1B$)

#AUDUSD
0.7120 (1.1B$)


orders will expire tomorrow. trade these by your own risk.

#daytradingtips #orderflow

please pay attention to the time limits of these tips. the orders are valid till expiration so you should not try trading yesterday's pending orders today.

for example the #GBPUSD one worked perfectly, but thats because price reached the desired price point before the expiration of orders. but for example if price reaches that same area tonight, there might not be any reaction at all since the orders wont be there anymore. its important to keep this in mind when you want to use the order flow info I share here.

when I open up my trading forum I will be able to list these with an actual timer to expiration, to avoid misunderstandings and mistakes.

for now Im in process of changing hosting of my website and bugging my web designer to get him to finish his job in time.
but it will be sorted soon enough and I will be able to share some more cool stuff with you guys 😎


its really hard to both work and teach at the same time.. its probably why most of traders who can do a good job dont teach lol but Im trying to find the balance between the two worlds so I dont end up sacrificing one for the other. hopefully it will get easier with time.


have a nice day everyone and happy new Persian year ❤

I have some bad news and some good news!
read about it here: https://linorth.com/news/trading-floor-and-mentorship-program/