Trading With Linorth
#Gold - sell limit at 1235.00 with 300 points stop loss and 900 points take profit.
order activated on the upper pin of a bullish candle.
Trading With Linorth
#Gold - sell limit at 1235.00 with 300 points stop loss and 900 points take profit.
initial risk was 10 pips and the trade is in 21 pips of profit already, if you have enetered in parts (as I have repeatedly said you should) you can close part of your position here, and keep part of it for the final target.
Trading With Linorth
initial risk was 10 pips and the trade is in 21 pips of profit already, if you have enetered in parts (as I have repeatedly said you should) you can close part of your position here, and keep part of it for the final target.
the reason for this method, is that usually on every chart, after every wave there is a correction wave coming, and in specially in forex market, when the target isn't crystal clear to everyone, most traders get off after 8 to 10 pips of profit, and that creates a minor resistance.
so your goal should be entering in parts and not a signle order (even if you want to trade 0.1 standard lot on the trade, divide it into two 0.05 at least and when the profit moves passed the amount of your initial risk, you can close one part of the trade and keep another part of it.
this way, after the correction wave, you add another order of 0.05 and get on again. the only difference is that now you have saved some profit, and the second order is higher than the exit point, so you are actually making twice the profit from the same distance.
I will explain all of these in education videos later.
so your goal should be entering in parts and not a signle order (even if you want to trade 0.1 standard lot on the trade, divide it into two 0.05 at least and when the profit moves passed the amount of your initial risk, you can close one part of the trade and keep another part of it.
this way, after the correction wave, you add another order of 0.05 and get on again. the only difference is that now you have saved some profit, and the second order is higher than the exit point, so you are actually making twice the profit from the same distance.
I will explain all of these in education videos later.
#Gold - did you guys see the correction wave moving up 10 pips? now I'm in again from 1233.90 and now, when the price moves down the same 10 pips it climbed up during the correction wave, I'll make another 10 pips from the new order. so I actually make 30 pips from a 20 pip distance.
Sorry for lack of activity guys, I've noticed trading and being active on this channel at the same time is causing me to lose the necessary focous I need for trading and I've been making way too many mistakes in my trading lately, so Im trying to focus on work while I work, and I will put mostly analysis on this channel, so you might find less signals here. Also, Im currently in the editing process of the educational videos I plan to put on youtube this week. So, soon you can learn the method I use for trading by watching the videos and also, I plan on doing weekly analysis of charts on youtube too. So there are some big things coming your way very soon π
I plan on creating a team of serious traders from members of my channel and create a sort of elite trading club in the future so we can be more like a community than just random traders following a channel π
Have fun trading guys!
I plan on creating a team of serious traders from members of my channel and create a sort of elite trading club in the future so we can be more like a community than just random traders following a channel π
Have fun trading guys!
First video will be up on youtube in the next 4 hours π
First video is up on youtube! (Link is in the description of this channel) check it out and let me know what you think about it in the comment section.
Im taking this week off to enjoy summer a bit and recharge my batteries, since I usually do 3 weeks of trading in a row without a break I usually spend the fourth one with family and friends.
In the next few days Im gonna use my free time for putting together a series of educational videos on price action trading and also add some extra tips on trade management and risk management as well.
Have a nice week everyone
Im taking this week off to enjoy summer a bit and recharge my batteries, since I usually do 3 weeks of trading in a row without a break I usually spend the fourth one with family and friends.
In the next few days Im gonna use my free time for putting together a series of educational videos on price action trading and also add some extra tips on trade management and risk management as well.
Have a nice week everyone
Hey guys, just wanted to let you all know that Im currently recording and editing a few educational videos on price action. Im going to teach you guys for free the same things some educators charge hundreds of dollars for them in the form of online courses. So please subscribe to my youtube channel and follow the videos as I put them up and share your thoughts and possible questions in the comment section.
I think the best I can do at this point to help you become profitable is to help you stop taking the worst possible trades... And I think this price action course can not only do that but actually help you find the absolute best trades to take.
Happy trading everyone!
I think the best I can do at this point to help you become profitable is to help you stop taking the worst possible trades... And I think this price action course can not only do that but actually help you find the absolute best trades to take.
Happy trading everyone!
The first video of my video series on Price Action trading is now up on youtube.
https://www.youtube.com/watch?v=IxYVSnH6Vqs
I'm going to add two more videos in the next two days, and also, add another video of my weekly analysis of the market (for this week it will probably be the major pairs, but for upcoming week I will also accept suggestions of other pairs too)
Have a nice weekend everyone.
https://www.youtube.com/watch?v=IxYVSnH6Vqs
I'm going to add two more videos in the next two days, and also, add another video of my weekly analysis of the market (for this week it will probably be the major pairs, but for upcoming week I will also accept suggestions of other pairs too)
Have a nice weekend everyone.
YouTube
What is Price Action
The first video of my series of price action trading course. a short introduction on price action and why candlestick patterns are useless! π I have a channe...
Another video up about chart basics.. Im wrapping up basic stuff this week and next week we will move on to more advance subjects.
Have a nice weekend everyone.
Have a nice weekend everyone.
another video up on youtube!
https://www.youtube.com/watch?v=u5_QQqXwqZk&t=1s
I'm trying to keep the videos under 30 minutes in order to make them easier to follow.
I have almost covered all the basic concepts (there is just one video left about psychology of trading and market cycle) and then I will move on to the more complicated subjects.
the problem I had was there was a lot of terms that I needed to explain, but since that would be hard to do in video format, I'm just going to create a list of those terms and put them on a blog thingy on my website, and just move the video lessons on to more advanced subjects.
thanks for following and watching the videos.
https://www.youtube.com/watch?v=u5_QQqXwqZk&t=1s
I'm trying to keep the videos under 30 minutes in order to make them easier to follow.
I have almost covered all the basic concepts (there is just one video left about psychology of trading and market cycle) and then I will move on to the more complicated subjects.
the problem I had was there was a lot of terms that I needed to explain, but since that would be hard to do in video format, I'm just going to create a list of those terms and put them on a blog thingy on my website, and just move the video lessons on to more advanced subjects.
thanks for following and watching the videos.
YouTube
Institutional Bots
How institutional program control the price in the market and how you can trade with the institutions and not against them! π I have a channel in telegram: h...
I uploaded the last video about the last two basics subjects I needed to cover on youtube (Link is in the description of this channel), the next video will be about market cycle and buying/selling pressure. and after that I will upload the multiple time frame analysis guide and the video about setups and signal bars.
I had a good week last week, so this week I'll have more free time to record the videos to take the course further.
thanks for watching.
have a great week everyone
I had a good week last week, so this week I'll have more free time to record the videos to take the course further.
thanks for watching.
have a great week everyone
Hey everyone, sorry for not being around that much lately. I've been too busy with my own trading and with recording educational content for you guys.
soon I will put up 2 more videos of the course, but I also like to continue doing more live calls while I trade, on the best type of trades I can find. but since not many people in the world use telegram app, I've decided to do the live calls on twitter from now on. so you might want to follow me there to get notified of the trades I share there. ( twitter.com/Linorth )
I'm trying to complete the course as fast as possible. but since English is my second languge I need to do a lot of editing on each video to make it understandable to everyone! lol
thank you all for the support and watching the videos on youtube.
cheers
soon I will put up 2 more videos of the course, but I also like to continue doing more live calls while I trade, on the best type of trades I can find. but since not many people in the world use telegram app, I've decided to do the live calls on twitter from now on. so you might want to follow me there to get notified of the trades I share there. ( twitter.com/Linorth )
I'm trying to complete the course as fast as possible. but since English is my second languge I need to do a lot of editing on each video to make it understandable to everyone! lol
thank you all for the support and watching the videos on youtube.
cheers
Another video is up on youtube (link is in description of the channel)
Thanks again for following the course.
Thanks again for following the course.
sorry for lack of activity guys, I'm a bit busy in real life due to some personal problems. but I will be back very soon (in the next 36 hours) with new videos on the price action course. thank you for being patient.
anyone interested in learning how to trade news events like me? send me a pm ;)
another video is up on youtube channel (link in bio of the channel)
I will add two more tomorrow night as well.
I will add two more tomorrow night as well.