Warning of potential volatility:

9-12 December

This is just a quick warning to notify you of potentially volatile economic events taking place this week. We recommend you take them into consideration when trading.

Monday, 9th December
01:50 – JPY – GDP
08:45 – CHF – Unemployment Rate Adj
09:00 – EUR – German Trade Balance

Tuesday, 10th December
11:30 – GBP – Goods Trade Balance
11:30 – GBP – GDP Estimate MM

Wednesday, 11th December
15:30 – USD – CPI
21:00 – USD – Fed Funds Target Rate

Thursday, 12th December
09:00 – EUR – German CPI
10:30 – CHF – 3M Target LIBOR Rate
14:45 – EUR – ECB Deposit Rate
14:45 – EUR – ECB Refinancing Rate

All times are GMT+2 

#InstitutionalOrders

Bank of Morgan Stanley is today buying Mexican pesos.
(Selling #USDMXN)
Stoploss of the sell order at 19.40
for the ultimate target of 19.10!

The bank is also the buyer of the euro against the franc! (#EURCHF)
With the stoploss of the buy order at 1.0850
For the ultimate target of 1.1250
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this is the last time I will share this type of info on the channel. from now on, institurional orders and info on the order flow (#orderflow) will be exclusively available to subscribers of my bot (@Linorth_bot)

Target reached. congrats to those of you who took the trade when I shared it.

Seems like US and China are reaching a deal afterall.
USD will gradually get weaker & all other currencies will get stronger against the dollar.
it also raises hopes for a recovery in global economy.

#EURCHF had a 100 pip jump. moving towards the target.

#USDMXN also reached its target.

this is the benefit of having info on orders of big institutions 😎

About the #GBP, since the move up is due to fundamentals (brexit happening in an orderly fashion with an agreement) so the overall direction is up, but there will be some turbulence along the way.
if US and China make a deal and de-escalate the tradewar tentions, the recovery in gbp and euro is going to get sharper. (so will the weakening of USD)

#report on trades shared this week:

this week I only shared one signal which was on oil. it moved for +150 pips in the desired direction.
the signal was a continiuation of the signals shared on the channel for free in previous weeks and because I didn't want to share random signals and wanted to get the economic data coming out this week and wait for UK election results before I analyze my chart again and post more signals, but still, even with a 0.1 order on the signal you would have already made back your subscription money for the entire month haha

still, I'm going to add one week to everyone's subscription because even tho it was a winning signal, I feel like this week was an off week and shouldn't be counted towards your subscriptions.

Thank you all again for the support.
have a nice weekend.
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Since some members still had problems with bitcoin payment process to pay for the bot (@Linorth_bot) and also because we are in December which is usually a month with low volatility in the markets anyways, I decided to give everyone who was a member of the bot 2 week free access till the end of the month. That way my supporters who have already paid for their subscription will get 2 more weeks added and this month won't count towards their subscription at all, and also I can give more time to anyone who wants to join but still have problem with BTC payment.

Your support of my projects means more to me than money. I would have kept the service completely free if my main line of income (trading) hadn't been affected by the heavy sanctions against Iran. but because of the sanctions I can't trade in any of the well-regulated brokers so I currenly have no source of income besides teaching and this bot service. your support enabled me to focus full time on the projects and research and not only I was able to take the website and bot off the ground, I have been able to research the market during the turbulent geopolitical situation and basically work on desiginig a model that is fool-proof against major economic events.
and now I'm working on the backtesting and copy trading platform to use all of my knowledge and create sophisticated trading bots that can give us a consistant and risk-adjusted return on our funds.
I guess I could have focused on money aspect instead of these projects and just put a forex course on coursera and other platforms or spend money on advertising to just bring more people in to increase my income, but I much rather do something meaningful with my life than chasing dollar bills.
hopefully by the time these projects come to fruition, I will be able to give all of you a stable and very low-cost tool for investing your own money under your own control and grow it over time.
the butterfly effect of something like that on the life of people who use it is what keeps me going forward in my path.

words can not describe how grateful I am to all of you, wether you supported me with money or kind comments or even your sheer attention by following this channel. I can't thank you enough.

Kindest Regards
-@Linorth

Oil > 60

I had my target on 61.61 but considering that this level (60-63) is a big supply demand and we have had a relatively sharp move up I suggest you get out in this range (either partially or completely) and wait for a correction of the trend before we go in again.

Just to be clear, I have closed out myself. Just have a very small position in case some political event (Iran attacking Aramco again for example) happens and shoots the price up. So it's just a very small position to get rid of FOMO. Otherwise it's reasonable to expect a correction to 58 price range again before price can build potential for moving higher.

The US Federal Reserve has begun buying US Treasury bonds since August to counter the potential downturn and trigger market momentum.
And to date, the volume of these purchases has increased repeatedly and is expected to increase significantly from the second season of the new year.

The Federal Reserve does not like to call this action QE (Quantitative easing), though its name does not matter.

But over time, as the volume of Federal Reserve purchases in the securities market increases, the dollar index (#DXY) has no way but to weaken!

Currently, the volume of Federal Reserve purchases has reached $ 400 billion outside the REPO market, and Trump is calling for a faster increase!

Today the democrats charges against trump (abuse of power, obstrcution) will be put to a vote in US congress. His official trial will be in the Senate, with the date consequently announced.
Also the trilateral US-Canada-Mexico trade agreement, also known as the USMCA, will be voted on Thursday night.

According to US trade represantative Lighthizer, Trump is now turning his attention to Europe and he is focusing on shrinking the trade deficit wit the EU.
since he seems to be winning his fight with China, there is a possibility of increased tariffs on imports of European goods!

The British pound lost all election surge and fell 1.7% to below 1.3100.

After the meeting of the Central Bank Financial Stability Committee on the one hand, and the Prime Minister's remarks on setting deadlines for trade agreements with the European Union on the other, the market's thirst for the pound dropped.

British Central Bank Interest Rate Decision Summit Tomorrow
And ratification of the brexit withdrawal agreement in the British Parliament on Friday, can shake up the London market again!

In #PhaseOne of US and China #TradeDeal it says China has to buy at least 40-50 Billion Dollars of US Farm Products (as much as double the pre-trade war values) during the next two years.
More details on the agreement will be shared soon.

https://youtu.be/41dvpVBH__8

live at 9:00 a.m. ET | Trump impeachment inquiry: House final vote on articles of impeachment

British Prime Minister Boris Johnson is set to unveil a tax cut for small businesses in the UK!
This is the first radical change in British tax law on the eve of leaving the EU!
#GBP
_____

New York Federal Reserve bought US $ 7.50 billion in treasury bills!
#USD
#QE_NOT_QE

I think boris will try to pull a trump and focus on proping up UK economy so he can hide his other flaws under good economic numbers. so we might see GBP recover quicker than EUR.
so I'm currently going long on GBPUSD and I'm also going to long EURCHF since its swap is positive, in two parts, one on 1.091 and one part on 1.085 if price moved there and hold them both for the target of 1.10 with my stoploss being behind 1.079

So Trump got impeached.
I doubt he gets removed from office and even if he gets removed Im sure he will run again in 2020 and win again 😂
The problem with his impeachment is that the likes of Nancy pelosi have fucked up so much themselves (like pelosi admitting on air that she was well aware that the Bush administration was lying about Iraq and she did nothing about it) that they have no moral high ground to stand on when it comes to ethics.

So I dont think this impeachment will do anything except maybe weaken the democratic party even more in the long run.

For now we should wait and see how his trial goes in the Senate which many people believe the republicans will unanimously vote against it and keep him in office.

LIVE: EU Withdrawal Agreement Bill
https://youtu.be/Io0WgYiFQlM