My long term view on #Gold

The triangle pattern has already reached its target. we might see a small correction before another move up (rate cuts)

that blue area is the price range I see as the ideal price range for shorting gold. before that its too risky, but once price reaches that blue area, we might see a big correction down.

I personally would short it if it sharply reaches the blue area, and if it goes there after a small correction to 1350, I would expect the next big correction (possible start of a bear trend) to happen when price reaches that red line.

So the Brits chose Trump 2.0 to run their country.
What a time to be alive, for a little bit longer! 😂

In short term, the pound will move mostly on news titles related to the withdrawal agreement with europe. So, I suggest everyone to not trade GBP cross pairs without a stoploss in place.

#GBPCHF - Target Reached (about 400 pips)

I got out earlier than reaching the target. just updating it cause I like keeping record of trading ideas I share here and how they turn out.

I also cleaned the channel from all the market sentiment posts, as they were cluttering up the space.
and it made me realize how inactive I have been on the channel in the recent months.
hopefully that'll change very soon!

I had to delete and recreate my trade explorer for the MAM account. for some reason it kept showing my drawdown as %19 when in fact it has been %11.8 at most (that small, one time peak above %10 limit I had)
so I deleted it and created it again and now the problem seems to be fixed. but all the links I had to the TE on this channel or on other platforms now lead people to an error page!

the new link to the MAM account's trade explorer is this: bit.ly/LinorthMAM
I also opened the account history to public, in case people wanted to check the performance out and didn't feel like asking me for an investor password.

I shared my signal for buying crude oil from $44 price to $65.

And again, I'm building my position on oil slowly to take advantage of the crisis in the hormuz strait.
the situation is so bad that the major transporters are considering switching flags to protect their tankers from attacks of Iranian forces (or their proxies)
and even if things escalate just a little bit more and England and Saudis really escort their tankers with military vessles, all that cost is going to be reflected in the price of oil eventually.

so again, we are in a situation where we can slowly build our position on oil and make some money off of it with a bit of patience 😄
just don't over leverage on your trades.
slow and steady wins the race 😉

Today we have the FOMC statement and federal fund rate news events, and the market expects a %0.25 rate cut.
but up until this moment, both the USD and Gold have been going up together, which means we should brace for some serious fluctuations today!

be careful out there.

due to recent comments from trump about his tarrifs on Chinese goods, the price of oil dived down. its due to the markets expectations for the effect of tariffs, they expect the tradewar to kill the economic growth and lowering the demand for oil.

but I still think its temporary, because europe sees itself as the one getting hit by the effects of tradewar the most, so they are lowering the rate to below zero to prop up their economy.


at the moment, the market is mostly moving on news related to trade war and what US, Europe and China are going to do next. so be very careful about what you trade and why. take care of your capital out there.

#BTC

see how good it reacted to the level I shared on the channel? this is why most people lose money to market instead of profiting from it. they don't know that the trick is entering and exiting on the right price levels instead of waiting for a trend to form and then decide whether or not you should get on it.

of course its pretty scary to go long on 9100 when all you see on the chart are big bearish candles..
and thats exactly why we profit and others dont. we just know better 😎


if you want to learn how to find the right price levels for entering and exiting trades, my mentorship program is still open to registration😉

#NZDCHF - a decent buy setup.

red line - stoploss
blue line - ideal entry
green lines - first (1:1) and final target(1:2).

Gold reached the 1500 price range and now, after watching the moves on Gold and Oil, it seems like the appetite for risky assets is on the rise and some of the big players are collecting profits on gold and buying oil instead.

sorry for not being very active guys, I've finally finished my educational course and I'm busy working with my students.
one of them is a rockstar already! really surprised me by how fast he grasped the concepts I was teaching.. I'm sure he will have a bright future in the field of trading.
The good thing about it is that very soon I will be able to start sharing the charts that my students have analyzed so I will have a constant stream of content out of this channel, and you guys can also see how fast I'm turning beginners into professionals 😎😁

Oh I almost forgot to say this..

A couple of memebrs contacted me saying they want to participate in the mentorship program but the bitcoin's price fluctuations scares them and they are afraid if they buy the BTC amount required for the course, the price of BTC might fall down and they come short of the BTC amount required to pay for the course, even tho they have spent the dollar amount required already.
if you are in the same boat as them, rest assured that I have already thought about it and the payment system on my website is designed in a way to fix that problem.

When you attempt to buy the course, the payment box shows you a BTC amount which is equal to the exchange rate of USD to BTC in that exact moment you have opened the payment box, but the thing is that the amount shown to you, has been slightly adjusted to make the BTC amount a unique number so whenever that amount is received in my wallet, the payment gets processed automatically and you will gain access to the course.

but what happens if the BTC price changes?

if the price jumps up from the moment you have attempted to buy BTC to buy my course, then obviously all you need to do is to open the payment box again, which will show you a new amount based on the exchange rate in that moment, so you will end up paying less of the BTC you have purchased to buy the course (since exchange rate has dropped)


but what if you buy $499 worth of btc today, and the price of BTC drops from $11500 to $8000 in a day?!

the answer is, it won't matter! because as long as you send that exact amount shown to you in the initial payment box you have opened, your payment will get processed, and you will still be able to buy the course and gain access to it. even if the amount you have now, equals to less than $499 which is the price of the course.

so what I have done is that I have designed the system in a way where I will absorb all the risk from price fluctuations, not my future students.


sorry for the long rant, just wanted to make things clear about this whole process.
cheers

so in short, if you want to buy the course, when you open the payment box, just take a screenshot of the payment box (the QR code shown and the BTC amount shown)
and as long as you finish that payment, you will still get access to the course, even if the BTC price falls down dramatically in the meantime.

#EURUSD - H4

red- stoploss
blue line - ideal entry
green line - target (highlighted area)

This one hit the target. so congrats to those of you who took it.

the NZDCHF trade I shared, unfortunately hit the stop I had on the chart.
but the thing is that price is near the bottom of a long term trading range, so it could be a good idea to keep an eye on it for now.

My website will be temporarily out of reach, while my developer works on it.
I'm updating it to add more features for both my students and you guys.
it shouldn't take longer than 10 days, according to my developer.
just wanted to give you guys a heads up in advance 😉

I'm also putting together a course for udemy, which hopefully will be out by october.

Alright, finally my website is ready and back online. (Linorth.com)

Forum still needs a bit work but I think from monday I will be able to interact with my students and all of you guys from the forum, so the communication isn't this one-sided all the time and I get to know you all a bit better too.

Unfortunately, due to technical problems, I wasn't able to move the user data from the old databases to the new ones, so you might have to register again at my website to access the forum.

The problem is that I have a lot of things on my plate and instead of half-assing all of them, I want to change things up to make sure my priorities are in order.
so, for now, I'm putting all my focus on creating educational material for my students, and for this channel, I think the best thing is if I change the format and start posting weekly market analysis vidoes instead. that way I can plan my schedule better and get to work on all the things I need to work on.
I will try uploading the videos on sunday afternoons each week, so you can watch them and get ready for the monday fight.

Thank you all for the continued support
You've made it all possible.. I wouldn't be here if it wasn't for you guys.
I can't thank you enough.
Thank you

#daytradingtips #orderflow

#EURUSD bank orders totalling $2.3B are already placed on 1.0900

orders are valid till wednesday night.

As I anticipated, gold managed to hit the top line of our PRZ area and reversed back down.

making money isnt hard when you know the right method for analyzing your charts.

selling, when the bullish candles are goating everyone else into buying is how you survive, while others blow up.
you just have to be a bit precise with your levels to give yourself the best odds of success.



at the moment, gold is moving towards the major support area of 1405-1430 and we probably will see another bull run from this area.


Feds are pumping billions of dollars in market on a daily basis in REPO transactions from the middle of septermber and if by the end of october they dont see any improvements they might enter the market directly and start buying treasury bonds themselves, which would destroy the value of USD.
so naturally there is a big demand for gold throughout the world as central banks brace for Financial Armageddon.