Sadly this one got stopped out and cost us -90 pips.
but it has formed an expanding triangle pattern so you can take the opportunity of riding the 5th wave down
first target midline (64.110) and final target the other side of pattern (62.280) with a stop behind (65.200)

#Gold - Update

Actually gave us a clean entry and reversed up and reached 1:1 target already (1740)

if you had entered with my analysis, I suggest closing out here (1740) with +100 pips of profit.
it will probably correct a bit lower before continuing the climb, so there will be another good opportunity to buy.

#NZDJPY and #NZDUSD stopped out. costing us -190 pips total.
seems like JPY and Gold need to correct a bit more before they continue their trends.
in the meantime, #EURUSD is in a good position for a decent sell setup (chart coming shortly)

#EURUSD - H4

Ideal entry (blue line) - 1.0950
stoploss (red line) - 1.1000
target 1:1 (green line) - 1.0895
target 1:2 (green line) - 1.0840

this one is currently at around +70 pips of profit. I suggest closing out here as I don't see price of oil getting much higher than where it is now.
so lets collect our profit here and wait for some better entry.

#update

Ok, so this week wasn't a good one. mostly because of trump making it sound like a vaccine is ready to be pumped in the market for mass use (which is yet another one of his lies)
but nonetheless, it goes to show that bad weeks happen to everyone just because most of the trades won in the past 2 weeks doesn't mean I can never lose. so always keep the risk and money management rules in place and stay a disciplined trader.

result of trades this week:
#EURUSD -50
#EURCAD +70
#NZDUSD -100
#USDCAD +50
#NZDJPY -140
#AUDCAD -70
#Gold +100
#GBPJPY (still running)
#GBPUSD (still running)
#AUDJPY (Still running)
_______
total so far: -140 pips

Even though most of the positions got stopped out, I didn't want to issue more signals cause as I said, its important to stay disciplined. when the outlook is too foggy to know what is going to happen, its better to wait for another week to take back those pips lost. instead of revenge trading and losing more.


results of 3 week period combined:

Week 1: +700 pips
@eek 2: +810 pips
Week 3: -140 pips
__________________
total so far: +1370 pips


P.S: I think the bot is fixed and now its even capable of sending text-only posts like this one. I'm sending this update to check if it works properly and everyone will receive the text update messages. but I will also send a test image to see if the system works for sending out signals as well as text-only updates.
if both work properly, I will send out signals and do the updates directly from the bot and will keep the channel for sharing fundamental updates and other announcements unrelated to trading.

#Gold - H1

the next decent buy entry I'm waiting for on gold.

(I'm going to share charts with levels from now on, to allow more advanced traders to mix my analysis with their own if they need to)

If you have seen the forwarded update post here but didn't receive anything from the bot itself, send me a message and let me know (@Linorth) so I can look into it.

by the way, I got a couple of messages about bitcoin fees and members having to pay more than 60 dollars on the exchange to get that BTC to me via the payment system on the bot, so I'm lowering the 3 month subscription price from 60 dollars to 55 dollars to cover the cost of bitcoin fees myself.
now if you buy 60 dollars worth of bitcoins, you can easily make the payment for $55 without worrying about fees.
I'm hoping if enough people subscribe, I can put together a small home-studio setup and do market analysis and live market hour sessions so its more like a trading club than just a simple signal service.

Thank you all again for the support.

ok it seems like the bot still needs some work. will update again when we have implemented a fix on it. sorry!

#Gold - #update

gave us a clean entry and now I have put 1:1 to 1:3 targets on the chart.

I think its going to at least attempt to create a head and shoulder pattern, yet I think we are likely to see a correction to the down side once it reaches 1746 price before it continues the upward movement again. so I think its a good idea to close out around 1745.45

or you can just close half of your volume on 1:1 target and free risk the rest (putting stoploss 5 pips above entry price)

it reached the 150 pips target so I'm going to add that to this week's count.
I personally think it will retrace down one more time and since its Friday, we can just close out to avoid gaps over the weekend.

result of trades this week:
#EURUSD -50
#EURCAD +70
#NZDUSD -100
#USDCAD +50
#NZDJPY -140
#AUDCAD -70
#Gold +250
#GBPJPY (still running)
#GBPUSD (still running)
#AUDJPY (Still running)
_______
total so far: +10 pips

not a good week by any means, but I feel like its mostly my fault for getting hasty with entries, had I been more patient I could have shared better entries and not get stopped out on some of these positions.
I usually just watch the market on Mondays and trade from Sunday to Thursday and close out on Friday.

but I'm still adjusting to this signal sharing process and trying to find a method that is both effective and useful for the subscribers. its one thing for me to just share a trade, its another thing to do it in a way that allows everyone to enter with me.
I'm sure we will figure it out together as we go along.

oh almost forgot to say that next week is the final free week of the signal service and after that there won't be any trials available for it, so if you haven't subbed yet, make sure you do it before your subscription runs out. I suggest doing the BTC payment over the weekend when the market is less volatile and I also suggest you make sure you do the whole process of buying BTC and paying via the bot in the same day (preferably in the same 2 hour period) to avoid the price fluctuations of BTC.



Thank you all for the kind words of encouragement and all the support you have shown me
I dearly appreciate it

Kindest regards
-@Linorth

Who's ready for the new week?
I'm going to watch the market today and read the price action a bit more before issuing signals for the week, so you might get one or two charts today.

but first, here are the important events of the week:

Scheduled events
for the most widely-traded currencies, that may also affect indices and commodities.

Monday, 25 May
09:00: EUR – German Final GDP


Tuesday, 26 May
01:45: NZD – Trade Balance
08:00: JPY – BoJ Core CPI
09:00: CHF – Trade Balance


Wednesday, 27 May
00:00: NZD – RBNZ Financial Stability Report


Thursday, 28 May
15:30: USD – Preliminary GDP
18:00: USD – Crude Oil Inventories


Friday, 29 May
02:30: JPY – Tokyo Core CPI
02:30: JPY – Unemployment Rate
15:30: CAD – GDP
15:30: USD – Goods Trade Balance

All times are GMT+3

#USDCAD - H1

Ideal entry - blue line - 1.39840
stoploss - red line - 1.39320
1:1 target - green line - 1.40322
1:2 target - green line - 1.40800
1:3 target - green line - 1.41320

#GBPJPY - H1

we have a daily trade on this pair, but for members who haven't taken the short on GBPJPY, this is a good opportunity to get a decent short trade in.

ideal entry - blue line - 131.200
stoploss - red line - 132.082
1:1 target - green line - 130.290
1:2 target - green line - 129.411

#EURUSD - H1

last week I got stopped out, but I still believe it has nowhere to go but down. so here is another opportunity to short this pair.

ideal entry - blue line - 1.09100
stoploss - red line - 1.10231
1:1 target - green line - 1.07930
1:2 target - green line - 1.06770

#AUDCAD - H4

ideal entry - blue line - 0.91420
stoploss - red line - 0.92605
1:1 target - green line - 0.90220
1:2 target - 0.89030

#AUDUSD - H4

ideal entry - blue line - 0.6535
stoploss - red line - 0.6624
1:1 target - green line - 0.6441
1:2 target - green line - 0.63510

unfortunately #GBPJPY, #USDCAD and #AUDUSD trades got stopped out.
I can't make sense of this market.. US tech index almost at pre-corona historic high and S&P500 gaining on such low volume..
seems like fundamentals don't matter when they are not in the best interest of big players!
I still don't believe the gains are sustainable and are mostly result of hopes of vaccine and a quick recovery, but soon the economic data will come to crush that hope. I think June is going to be the reckoning month for the market.

I think I need to run some multiple timeframe analysis again and change my style of trading and make it more heavy on the technical side instead of fundamentals.

#Gold - H4

next level for going long on gold.

I have both placed lines for long term trades and short to medium term trade with a tighter stop to catch the reaction to the PRZ area.

blue line is the ideal entry (1695), and then for the long term trade stoploss would be behind 1668.50
and first target would be 1720.91

for the reaction to the PRZ area (the red box) you can have a tighter stop behind 1679.61 and aim for a 1:1 trade to 1710.20 and if the move continued keep half of volume free risked for 1725.25

#update

Alright, this week straight up sucked for me. not only most of my FX trades got stopped out, but also I lost money on my trades on S&P500 index. so overall was a very bad week for me. I basically had the wrong bias towards the market (expected a heavy selling on stocks and demand for USD to surge in the FX market but it didn't happen and the opposite happened (hope of vaccine and recovery pushed other currencies up against USD while stock markets around the world recovered slightly) but I still believe this is going to be short lived and another fall in stocks is on its way, since even the current climb is very low volume and is fueled by the feds creating inflation. even feds can't stand in the way of bankruptcies on a corporate level so they know and you can hear it in middle of their speeches that they expect another fall in the market as well and don't expect a fast recovery at all.

I don't want to revenge trade and change direction mid week, instead I'm going to stick to my discipline and find better trades to make up for the losses next week and find better entries. the only thing I will enter this week if getting the chance, is gold, which I shared its chart with you already.


This week results:
#USDCAD -50 pips
#GBPJPY -90 pips
#EURUSD -115 pips
#AUDUSD -90 pips
#GBPUSD -200 pips
__________________
total -545 pips


that brings the monthly result to:
Week 1: +700 pips
Week 2: +810 pips
Week 3: +10 pips
Week 4: -545 pips
__________________
total pips: +825 pips


we basically had 2 good weeks followed by 2 bad weeks.
for upcoming month (June) I will try to avoid forcing my own bias and instead share both ideal entry and exit points for bullish and bearish bias along with my own signals that are based on my own bias. so if you didn't agree with me on the bias, you can still use my analysis for your entries on the opposite side of the market.


I'm also adding PerfectMoney as a mean of payment on the bot, its like paypal but I'm allowed to use it!
so if Bitcoins are a hassle for you to use, you can create a perfect money account (perfectmoney.com) and have it verified and use it for subscribing to the bot once the gateway is ready (I think it will be done tomorrow)


Thank you all for the support
Regards
-@Linorth