Messages like this one are the fuel that keeps my motors running! 🙏🏼❤
(Signal service: @Linorth_bot
Past performance: Linorth.com/signal-stats/)
(Signal service: @Linorth_bot
Past performance: Linorth.com/signal-stats/)
A couple hours ago the feds unveiled a new measure to support the economy.
The US Federal Reserve has ordered 35 major US banks to provide liquidity needed to borrow and lend to the market.
this program is going to start from the beginning of October.
they are basically going to continue print USD to support the market. so more weakness of the dollar is expected.
The US Federal Reserve has ordered 35 major US banks to provide liquidity needed to borrow and lend to the market.
this program is going to start from the beginning of October.
they are basically going to continue print USD to support the market. so more weakness of the dollar is expected.
According to International Monetary Fund (IMF) the volume of purchases by the US Federal Reserve can increase soon.
(More QE is on the way, which is going to weaken the dollar even more)
(More QE is on the way, which is going to weaken the dollar even more)
Gold fell for around $120 dollars after Russia announced their vaccine for Covid19.
Despite other reports saying the Russians have rushed to register their vaccine after only the first phase of testing.
(I think the fall is mostly from profit taking of investors. After the news of vaccine, the appetite for risk is rising again so its likely for the money to flow towards stock market)
Despite other reports saying the Russians have rushed to register their vaccine after only the first phase of testing.
(I think the fall is mostly from profit taking of investors. After the news of vaccine, the appetite for risk is rising again so its likely for the money to flow towards stock market)
Trading With Linorth
Gold fell for around $120 dollars after Russia announced their vaccine for Covid19. Despite other reports saying the Russians have rushed to register their vaccine after only the first phase of testing. (I think the fall is mostly from profit taking of…
my medium term view on #Gold.
I had 2020 as the ultimate target for bulls and expected profit taking to happen between 2017-2020 price area, but price action managed to almost touch 2075 before getting stopped.
the wave down in my opinion is from profit taking, and now that it has touched the midway support level 1881-1901 price area (based on weekly chart historic levels) I ran my algo on the chart again with the new pivots in the calculations, and now you can see the purple lines of it.
now I believe we are either going to see a bull run immediately following the red candles from that small blue box (after touching the purple line) aiming to break the 2075 high (but only slightly. basically touching the top purple line a bit further in the future, just enough to take out stops behind the 2075 high.. my guess is 2081)
OR we the price is going to gradually climb down towards the PRZ area (big blue box) for the rest of the month to close the monthly candle around 1818 price area.
I had 2020 as the ultimate target for bulls and expected profit taking to happen between 2017-2020 price area, but price action managed to almost touch 2075 before getting stopped.
the wave down in my opinion is from profit taking, and now that it has touched the midway support level 1881-1901 price area (based on weekly chart historic levels) I ran my algo on the chart again with the new pivots in the calculations, and now you can see the purple lines of it.
now I believe we are either going to see a bull run immediately following the red candles from that small blue box (after touching the purple line) aiming to break the 2075 high (but only slightly. basically touching the top purple line a bit further in the future, just enough to take out stops behind the 2075 high.. my guess is 2081)
OR we the price is going to gradually climb down towards the PRZ area (big blue box) for the rest of the month to close the monthly candle around 1818 price area.
Trading With Linorth
my medium term view on #Gold. I had 2020 as the ultimate target for bulls and expected profit taking to happen between 2017-2020 price area, but price action managed to almost touch 2075 before getting stopped. the wave down in my opinion is from profit…
I obviously don't have an orb telling me the future, I'm just sharing my personal opinion. I'm not suggesting any trades here for you guys :D
Trading With Linorth
my medium term view on #Gold. I had 2020 as the ultimate target for bulls and expected profit taking to happen between 2017-2020 price area, but price action managed to almost touch 2075 before getting stopped. the wave down in my opinion is from profit…
interesting. will it get stopped here and continue down? or will it range inside this area and climb higher?
we'll see soon enough
we'll see soon enough
Forwarded from Linorth Signal Service
#update
I'm going to close this week's trading here.
we have grossed 400 green pips this week (linorth.com/signal-stats) so I think we can end the work week here.
we now only have the #GBPCHF trade running so that will either add 45 pips more or will cost us 45 pips which is fine both ways.. we can't win all the time! haha
I will still keep an eye on the charts to alert you if I find a good trading opportunity.
Thank you all for the support.
have a nice day wherever you are.
Regards
@Linorth
I'm going to close this week's trading here.
we have grossed 400 green pips this week (linorth.com/signal-stats) so I think we can end the work week here.
we now only have the #GBPCHF trade running so that will either add 45 pips more or will cost us 45 pips which is fine both ways.. we can't win all the time! haha
I will still keep an eye on the charts to alert you if I find a good trading opportunity.
Thank you all for the support.
have a nice day wherever you are.
Regards
@Linorth
from next week I'm going to take the same trades I share via the bot on this account:
https://www.mql5.com/en/signals/802901
I haven't used this copy-trading platform before so this is mostly a test out to see if it works properly in terms of copying trades fast enough for subscribers. we'll see how it goes.
https://www.mql5.com/en/signals/802901
I haven't used this copy-trading platform before so this is mostly a test out to see if it works properly in terms of copying trades fast enough for subscribers. we'll see how it goes.
Last week and this week have really been rough for me personally. I kept getting mixed signals from my system and had to revision and make some tough decisions.
when the fundamental data and technical price action are at odds, I find it really hard to make trading decisions and usually I would just stay out in these periods but with signal service having its time element and other factors I need to take into account (clients getting filled on trades etc..) it was a tough week for me to issue signals.
I'm getting my dev to work on adding a trade copier EA to replace the MQL5.com platform, so I can be in charge of this time element of the project, so whenever I feel like I need to stay out I can just add to subscription periods so clients don't have to keep paying money to keep their accounts connected to mine when I'm not in the market. basically avoiding the off days from affecting subscription periods. and it can also allow me to lower the price for subscription back to around $25 per month, to basically let people choose between manual and automatic services purely from preference (some might want an exact copy of my trades and some might just want a look over my shoulder while they do their own thing)
for now we are looking at third party products and ways to integrate them into our system but I think I will be able to add it very soon.
sorry for lack of activity on this channel in the past couple of weeks, hopefully things turn for the better soon enough and I will be able to pump more life back into this channel.
when the fundamental data and technical price action are at odds, I find it really hard to make trading decisions and usually I would just stay out in these periods but with signal service having its time element and other factors I need to take into account (clients getting filled on trades etc..) it was a tough week for me to issue signals.
I'm getting my dev to work on adding a trade copier EA to replace the MQL5.com platform, so I can be in charge of this time element of the project, so whenever I feel like I need to stay out I can just add to subscription periods so clients don't have to keep paying money to keep their accounts connected to mine when I'm not in the market. basically avoiding the off days from affecting subscription periods. and it can also allow me to lower the price for subscription back to around $25 per month, to basically let people choose between manual and automatic services purely from preference (some might want an exact copy of my trades and some might just want a look over my shoulder while they do their own thing)
for now we are looking at third party products and ways to integrate them into our system but I think I will be able to add it very soon.
sorry for lack of activity on this channel in the past couple of weeks, hopefully things turn for the better soon enough and I will be able to pump more life back into this channel.
Scheduled events
for the most widely-traded currencies, that may also affect indices and commodities. Times are GMT+3.
Tuesday, 8 September
02:50: JPY – GDP
09:00: EUR – German Trade Balance
Wednesday, 9 September
17:00: CAD – BOC Rate Statement
17:00: CAD – Overnight Rate
Thursday, 10 September
14:45: EUR – Main Refinancing Rate
Friday, 11 September
09:00: EUR – German Final CPI
09:00: GBP – GDP
09:00: GBP – Goods Trade Balance
15:30: CAD – Capacity Utilization Rate
15:30: USD – CPI
All times are GMT+3
for the most widely-traded currencies, that may also affect indices and commodities. Times are GMT+3.
Tuesday, 8 September
02:50: JPY – GDP
09:00: EUR – German Trade Balance
Wednesday, 9 September
17:00: CAD – BOC Rate Statement
17:00: CAD – Overnight Rate
Thursday, 10 September
14:45: EUR – Main Refinancing Rate
Friday, 11 September
09:00: EUR – German Final CPI
09:00: GBP – GDP
09:00: GBP – Goods Trade Balance
15:30: CAD – Capacity Utilization Rate
15:30: USD – CPI
All times are GMT+3
Trading With Linorth
Scheduled events for the most widely-traded currencies, that may also affect indices and commodities. Times are GMT+3. Tuesday, 8 September 02:50: JPY – GDP 09:00: EUR – German Trade Balance Wednesday, 9 September 17:00: CAD – BOC Rate Statement …
With US unemployment falling below %10 and average hourly earnings falling short of expectations in August NFP report, its a sign that we are getting further away from the Feds goal for inflation (%2.25-%2.5) so its fair to expect more pumping of dollars into markets.
Im already bullish on gold and on the sell side of the USD for this week.
Lets see what happens!
Im already bullish on gold and on the sell side of the USD for this week.
Lets see what happens!
Warning of potential volatility
Scheduled events
for the most widely-traded currencies, that may also affect indices and commodities. Times are GMT+2.
Tuesday, 3 November
All Day: USD – Presidential Election
05:30: AUD – Cash Rate
09:30: CHF – CPI
Wednesday, 4 November
15:15: USD – ADP Non-Farm Employment Change
15:30: CAD – Trade Balance
15:30: USD – Trade Balance
Thursday, 5 November
14:00: GBP – Official Bank Rate
21:00: USD – FOMC Statement
21:00: USD – Federal Funds Rate
Friday, 6 November
15:30: CAD – Employment Change
15:30: CAD – Unemployment Rate
15:30: USD – Non-Farm Employment Change
15:30: USD – Unemployment Rate
All times are GMT+2
Scheduled events
for the most widely-traded currencies, that may also affect indices and commodities. Times are GMT+2.
Tuesday, 3 November
All Day: USD – Presidential Election
05:30: AUD – Cash Rate
09:30: CHF – CPI
Wednesday, 4 November
15:15: USD – ADP Non-Farm Employment Change
15:30: CAD – Trade Balance
15:30: USD – Trade Balance
Thursday, 5 November
14:00: GBP – Official Bank Rate
21:00: USD – FOMC Statement
21:00: USD – Federal Funds Rate
Friday, 6 November
15:30: CAD – Employment Change
15:30: CAD – Unemployment Rate
15:30: USD – Non-Farm Employment Change
15:30: USD – Unemployment Rate
All times are GMT+2
This is a very important week for not just the USA but for the rest of the world too.
its going to be a wildly volatile week, but regardless of the outcome (my bet is trump winning re-election) both candidates have already said they plan on passing the next stimulus package asap. so we can expect more pumping of USD into market weakening the currency and pushing commodities like gold and cryptos higher.
I've been putting everything on pause waiting for the election to pass and once the dust settles I'm going to resume issuing trading signals via the bot (@linorth_bot) and posting analysis both here on this channel and on Instagram account of my website (@TradingWithLinorth)
its going to be a wildly volatile week, but regardless of the outcome (my bet is trump winning re-election) both candidates have already said they plan on passing the next stimulus package asap. so we can expect more pumping of USD into market weakening the currency and pushing commodities like gold and cryptos higher.
I've been putting everything on pause waiting for the election to pass and once the dust settles I'm going to resume issuing trading signals via the bot (@linorth_bot) and posting analysis both here on this channel and on Instagram account of my website (@TradingWithLinorth)
According to a Nov. 2 announcement from The Reserve Bank of Australia, or RBA, the financial institution will be partnering with the Commonwealth Bank, National Australia Bank, the financial services company Perpetual, and software company ConsenSys on a project to explore the potential use of a wholesale central bank digital currency in the country using “Ethereum-based distributed ledger technology."
JP Morgan and Morgan Stanley banks have both warned that if early results of election lean more towards the democratic candidate, the stock market is likely to experience a significant crash.
____
this election's final result may be delayed a bit more than previous election, due to huge amount of mail in voting which takes time to be counted completely. but as more and more voting data comes in, the market is going to fluctuate widely. its best to stay out and watch but if you decided to go in, dont forget to use proper stoploss for your trades.
____
this election's final result may be delayed a bit more than previous election, due to huge amount of mail in voting which takes time to be counted completely. but as more and more voting data comes in, the market is going to fluctuate widely. its best to stay out and watch but if you decided to go in, dont forget to use proper stoploss for your trades.
Financial markets are likely to wait another 6 hours for the first confirmed results and all eyes are on Florida as per usual.
The mail in ballots havent all arrived in time and since dems believe their party has had the most participation in mail-in voting, its very likely for the drama to continue for at least another 3 days.
________
this is the closest we can get to having a super bowl like event in the world of trading 😂 its just a lot more nerve racking 😂
The mail in ballots havent all arrived in time and since dems believe their party has had the most participation in mail-in voting, its very likely for the drama to continue for at least another 3 days.
________
this is the closest we can get to having a super bowl like event in the world of trading 😂 its just a lot more nerve racking 😂
Biden now has taken the lead in Georgia and is very close to winning the election.
however, no matter who becomes the president, he is going to have the toughest job ever, uniting a nation that has never been this divided.
As far as the market is concerned, speculators had an easy job so far betting against the dollar as the next stimulus package is almost guaranteed at this point.
Biden winning might send the stock market into a strong dive due to his tax plans so we initially might see demand for USD raising (maybe even a small fall in gold as profit taking happens for buying in the dips) but in a mid term view, we can expect more inflation and an overall rise in price of commodities like gold beyond their recent historic highs.
the only thing Im worried about now is Biden winning and Trump refusing to accept the results and even maybe inciting violence. that could rise the uncertainty in the market again and push investors into repeating the same behaviour as the beginning days of tradewar.
eitherway Im tired of waiting around because of this seemingly never ending chaos and from next week will get into doing some scalping and small swings on lower time frames.
will try my best post a video review of the charts during the weekend to put here as well.
however, no matter who becomes the president, he is going to have the toughest job ever, uniting a nation that has never been this divided.
As far as the market is concerned, speculators had an easy job so far betting against the dollar as the next stimulus package is almost guaranteed at this point.
Biden winning might send the stock market into a strong dive due to his tax plans so we initially might see demand for USD raising (maybe even a small fall in gold as profit taking happens for buying in the dips) but in a mid term view, we can expect more inflation and an overall rise in price of commodities like gold beyond their recent historic highs.
the only thing Im worried about now is Biden winning and Trump refusing to accept the results and even maybe inciting violence. that could rise the uncertainty in the market again and push investors into repeating the same behaviour as the beginning days of tradewar.
eitherway Im tired of waiting around because of this seemingly never ending chaos and from next week will get into doing some scalping and small swings on lower time frames.
will try my best post a video review of the charts during the weekend to put here as well.