#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!

#Gold

Here is my algo's levels on gold. if it break that red box next to the current price, it will be climbing towards that red box at the top and we can scalp along the way on the levels (buying at one level with a stoploss behind the level below) or if it can't break above that box, we can try scalping on the sell side.

my ideal entry would be a buy position on the thick red line (going through the 1719.80 static line)
I'm guessing the price will form a head and soulder pattern under the red box and move a bit lower but once it reaches that thick red line level, it will bounce back up.


I'm working on a way to give you all the same levels (maybe a private group on tradingview? maybe sending out template files for MT5? I will update on this later on) but for now you can use the images and use the levels on your own charts for scalping positions since there is no way I can effectively issue signals for scalping trades that you guys enter with me.

#Gold - update

it hit the stop I had (while also touching the level I was waiting for -thick red line- but the price action suggest we might be in for a retest of the 1700 price area (blue box) before gold continues upwards.

however, as you can see, the levels of the algo provide some decent scalping opportunity. but due to the nature of the market and how fast movements tend to happen, I can't really send out scalping signals that are useful for you guys (after all what does it matter if I share a scalping signal getting 30 pips if no one else can take it with me?)
so I'm looking for ways for providing you with these lines on your end and I think I have come up with a decent solution, will update you on that later today.

I will also add 7 days to your subscription for free, to make up for this week delays and lack of enough signals.

About the two posts above👆🏻

if you had read my answers on Quora about signal services you probably already know that this is the main reason I don't like them..
the fact that a signal can be successful on the chart but not really useable by subscribers is the biggest issue I have with those type of services, so I'm really trying to do something different here..
however, with the current situation of financial markets, its not a good idea to do long term predictions on the price and for short term scalping or swinging trades, I have a problem with picking the trades because not only they have to fit my analysis but they have to be useable for subscribers, so I often find myself picking levels that I think have a high probability of retest after I get my confirmation from price action.. its an extra layer that can mess things up, specially when the market doesn't have a clear direction. I also like the idea of not being in charge of exactly what you guys trade and just being there like an extra source of information for your own analysis so eventually you can do this thing on your own and only use my help as an extra viewpoint for comparison. I really like the idea of having a club of traders more than running a service that keeps people hooked on signals alone while adding nothing to their experience as a trader.

So I think the best path for moving forward in this current situation is if I just draw the lines of algo on my chart, and send the template containing them to you guys so you can have them on your chart, and during the week I can send updates on each chart explaining what we can expect to happen and which levels are better for scalping and whatnot. I think that way the outcome will be a lot better than with me sending a signal from the bot that can be seen by you way too late to be useful, and also allows you to mess around with my levels and maybe even mix them with yours.

so yeah, this is my plan for the service.. let me know what you guys think in the comments.

I don't like to advertise my services too much. cause with me, what you see is what you get.

I only started this signal service thing because of how bad my situation has gotten due to being based in a 3rd world country under heavy sanctions that have effectively ruined my livelihood and preventing me from pursuing my career and moving up the ladder.

now I'm aware that if I had just used my algo and churn out signals left and right, it probably would have been much easier to sell subscriptions because at the end of the day, the win rate overall (or pip count) would definitely be positive.. but I didn't want to do that when I'm already aware that it wouldn't have helped most of the subscribers in earning money from the market. because most likely they would end up being forced to cherry pick the signals and some might have ended up losing money while I made money from subscription sales because they either would have joined late or in a bad week (which I know has happened to some members already) or they might have missed most of the profitable ones and the portion they took ended up in negative or not as positive as others.
I really don't like to be in that situation and much prefer a setup where while I make money from subscription to enhance my own situation, I can be sure that I'm helping others to make money from the market and enhance their own situation as well. if its not going to be a win-win for everyone, then its not worth doing in my opinion.

I can't hide the fact that I'm a bit disappointed that after doing 1 month of free trial with complete transparency, only 12 members renewed their subscriptions at the end.
I was hoping at least I can get 50 or 100 members to renew so I can afford renting a small studio to add weekly webinars and live sessions... oh well... I will have to roll with the punches I guess 😅

this MT4 and MT5 file sharing system is the last solution I could come up with, even though its a bit risky for me in terms of having the result of years of studying and working on development it took, in danger of getting reverse engineered or something..
but desperate times call for desperate measures.
I have some students on my mentorship program that I need to refund before putting my courses on udemy, so I can lower the price of it.. and I need to save some cash to immigrate out of Iran as well..
so I'm going to keep moving forward regardless of how many people join. but I'm afraid there won't be any freebies coming your way anytime soon as I'm not in a situation where I can afford to work for free.

Sorry for the long rant.
Thanks for the support you all have shown me and for your time and attention.

Regards
-@Linorth

Im having my developer add paypal as a payment option on the bot.
A friend of mine who lives in Bahrain is helping me with her own account as a temporary fix while I work on getting a business account via my company in UK. Luckily tax system in Bahrain is lax enough so this wont create a problem for her.


So if you have a problem with payment via crypto, soon you will be able to buy/renew your subscription via your paypal account.

I also havent send enough signals this week so I have renewed everyone's subscriptio for a week.
I will create a video guide for the signal service to explain how the templates are going to be used and how we are going to trade together next week.

I will update again once the payment option has been implemented and is ready for use.

#gold

once it becomes stable above the blue box will continue its climb toward the first PRZ area at 1721.51

you can either swing it with a stop behind the 1688.50 or you can use the levels for scalping along the way (entering on one level with a stop behind a level lower and target one level higher)

in case you want to join in, you can get in after retest of descending trend. either for a scalp or a swing towards PRZ.

(how long before you are addicted to these levels? lol)

#Gold - Clean entry and a precise exit.

congrats to those of you who took it.

now I don't accept any excuses for not joining the VIP channel, this alone at least covers the subscription cost for a month, if not more! 😂

you can join the signal service by clicking here: @Linorth_bot

Fed's balance sheet has risen to 7.1 trillion with a T.
$3T of it in a 3 month period!

so much for not doing QE!

According to powell there is still no ceiling for the purchases and they will continue albeit with a slowing pace.

Now PayPal payment gateway has been implemented on the bot, so you can now use it for buying/renewing your subscription on the bot (@Linorth_bot)

hopefully this will make it much easier for most of the members to join the signal service and help me add new cool features like weekly webinars and trade-copier in near future.

Thank you all again for the support.
I dearly appreciate it.

OPEC+ members agreed to continuing the cuts for 1 month (till the end of July!)
from there they are going to make decisions based on market situation of supply and demand.
and they have given an ultimatum till September! to members who weren't complying fully with the cuts!

So there is a possibility of a gap upwards in oil when market opens, but its very likely to be short lived.

"$10,000 invested in Hertz the day after it filed for bankruptcy is now worth about $125,000"

The federal government debt rate hit a staggering $26 trillion.

That means an increase of $1 trillion in just one month!

With a gross domestic product of less than $20 trillion, the country now owes nearly 140% of its annual revenue.

Jerome Powell, President of the US Federal Reserve, stressed that they will support the economy by using any means necessary. and the QE will continue.

(Basically printing money without backing!)

As mentioned earlier, the US dollar has no way to escape from the fall, regardless of the physical demand it has during quarantine!

Gold on the other hand is likely to gain significantly from the devaluation of USD.

With S&P forming a new bear run, I think we can expect a new wave of panic and money moving towards safe havens like Gold and currencies like Swedish Krona.

"Warning of potential volatility"

Scheduled events
for the most widely-traded currencies, that may also affect indices and commodities. Times are GMT+3.

Tuesday, 16 June
09:00: EUR – German CPI
09:00: GBP – Unemployment Rate


Wednesday, 17 June
02:50: JPY – Trade Balance
09:00: GBP – CPI
12:00: EUR – CPI
15:30: CAD – CPI


Thursday, 18 June
01:45: NZD – GDP
04:30: AUD – Employment Change
04:30: AUD – Unemployment Rate
14:00: GBP – Official Bank Rate


Friday, 19 June
02:30: JPY – CPI

All times are GMT+3

Getting ready for another $1T in QE.

https://www.bloomberg.com/news/articles/2020-06-16/trump-team-weighs-1-trillion-for-infrastructure-to-spur-economy