#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

#Gold - #update

gave us a clean entry but selling pressure still seems strong. bears are pushing for their exit at the bottom of the PRZ 1690
but at the same time Nazdaq and S&P500 got hit by trump's feud with twitter. oil also seems like getting ready for another fall down.

so if gold jumps, I think it will aim for the conventional stop of bears 1736 at the very least.

#AUDCAD - #update

this one is currently at 70 pips of profit which is past its initial risk amount, so you can close it here.

#Gold - #update
hit the target for the reactionary move. (+150 pips)

but if fall in S&P continues, we can see it easily touch 1750 or maybe even 1771 in the next couple of days.
so it might be better to free risk it and let it run!

reached its 1:1 target of 260 pips so I'm going to count this on the weekly count.


This week results:
#USDCAD -50 pips
#GBPJPY -90 pips
#EURUSD -115 pips
#AUDUSD -90 pips
#GBPUSD -200 pips
#Gold +260 pips
#AUDCAD +60 pips
__________________
total -225 pips


that brings the monthly result to:
Week 1: +700 pips
Week 2: +810 pips
Week 3: +10 pips
Week 4: -225 pips
__________________
total pips: +1295 pips

profit if taken with different standard lot volumes:

0.01 lot = $129.5
0.1 lot = $1295
1 lot = $12950


Cost of monthly subscription: $20



Since bot has been fixed, from next week the signals will be sent to subscribers only via the bot as the 1 month free trial has ended.
The bot doesn't give a trial period as its based on telegram app, but if you register and use PerfectMoney payment method to buy your subscription, you will have a 7 day money-back guarantee (minus the %1 fee of payment gateway)


Thank you all for the support

Hope you all are having a nice weekend.

For next week I have planned to go lower in time frames and share the mega channel lines that my algo gives me for scalping in lower time frames.

As you can see in the image above, these levels will come quite handy when we want to scalp off the charts.


if you still haven't renewed your subscription, please do it before monday as from next week I will no longer be able to give free trials to anyone, so if you don't want to fall behind on the monthly goal and not miss signals, make sure you have your subscription renewed before it runs out.

I'm also adding bitcoin cash to the payment options very soon to help more with lowering the fees for payments. I think it will be implemented tomorrow (will update on this via the channel once its implemented)


Thank you all again for all the support.
Enjoy your weekend.

The BitcoinCash payment option has been implemented on the bot to help with the fees of the service.
since for payments with bitcoincash the fee is always something between $0.001 to $0.008 its the perfect option for you guys to renew subscriptions with them instead of bitcoins to avoid the high fees associated with bitcoin payments.

I'm going to watch the market on Monday to see the effect of fundamental evens (trump feud with twitter, tradewar with china, hongkong sanctions etc..) on the market first, and then I will share some charts via the bot and send out signals.

Lets have a great week!