#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.

Despite new covid19 cases in New Zealand and China and worries about the #Second_wave of covid19, Larry Kudlow, Director of the United States National Economic Council has said this time there wont be an economic shutdown in the US.


Of course this all depends on number of cases and how the situation develops. But for now its safe to say that US government is going all-in and doing everything in their power to support the ecnomy.


For us in Forex market, I think medium to long term analysis should favor more weakness in USD (from feds pumping new bills into market)
With Federal reserve helping central banks of other countries.. USD cant hold its strength much longer.