Those were some of the posts I had made for the subscribers of my signal service in the past few days (@Linorth_bot) I thought it couldn't hurt to share them with you guys as well. maybe motivate some to join in on the fun 😅 the past performance of the signal service is available here: Linorth.com/signal-stats/

They also serve as examples of using technical analysis properly in the market live as you read the price action.

Unfortunately Skrill didn't give my website a gateway so I'm still stuck with using my friend's PayPal account for subscriptions. worst case scenario I will end up having to refund everyone again! lol

Thank you all for the continued support. I appreciate it
@Linorth

the fall in gold didn't translate into USD strength that much (shows the fall is mostly profit taking from bulls) so this pair wasn't affected, and the bullish case still stands as we haven't had a confirmed breakout to the downside (close of daily candle below the diagonal support lines) so, so far it seems like its going to climb higher in a continuation pattern and might even reach second target.

came down and gave an entry and now almost hit first target. looking set to climb towards the second target.

Warning of potential volatility

Scheduled events

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

 Monday, 20 July

02:50: JPY – Trade Balance

  

 Tuesday, 21 July

02:30: JPY – National Core CPI

09:00: CHF – Trade Balance

  

 Wednesday, 22 July

15:30: CAD – CPI

  

 Friday, 24 July

01:45: NZD – Trade Balance

.WTICrude expiration

Tue, 21 July, start of trading day – .WTICrude expiration & rollover to September contract.


All times are GMT+3

Signal Type: New Order
Order Type: Market Buy
Instrument: #AUDUSD
TimeFrame: H4
Entry Price: 0.69935
TP1: 0.70435
TP2: 0.70917
SL: 0.69459
#Explanation: will it give us another run up? lets find out!

We have noticed a few bugs on the bot and we are currently working on the bot to fix it.
I have given all members a week for free and Im going to forward the signals to the channel in this period until the update on the bot is completed.


Im spending most of my time on developing the educational material for my udemy course.
Because my early supporters have enabled me to do all of this.. Im going to count every subscription purchase they have made on the signal service against the cost of my educational courses.. so by the time the courses are ready on that platform, most of my early supporters will have their own coupons for taking the course for free if they have bought enough subscription on the signal service (or at least with a %95 discount if their platform don't allow me to create completely free coupons)


Im very grateful for all the support you have shown me.
Thank you🙏🏻

Signal Type: New Order
Order Type: Market Sell
Instrument: #XAUUSD
TimeFrame: H1
Entry Price: 1817.16
TP1: 1805.75
TP2: 1792.25
SL: 1830.30
#Explanation: another shorting opportunity on gold. you can also use the thicker lines for a short swing on daily time-frame

This one hit the second target but the gold trade hit my stop.

Seems like gold is on its way to break its historic high. The €700B deal in Europe is also contributing to it. With central banks everywhere printing money to support the economy, more weakness is expected on Euro and USD while Gold, BTC and safe haven currencies like JPY and CHF get more demand.

New York Federal Reserve:

Total demand for business and industrial loans reached $973 billion today (Tuesday)!

(pumping money!)

With China and USA closing each other consulates, uncertainty in the market is once again on the raise over speculation on direct conflict between the two giants.

Gold is very likely to gain even more in this atmosphere. Can easily reach 1920 in the next couple of days.


Im guessing the conflict is going to drive up demand for USD to some extent as well. But considering how much the feds have been printing dollars lately, it might push the buyers towards gold instead. In that case we are going to see a wild run up on gold.

The first few minutes of informal foreign exchange dealings in oceanic banks shows a partial strengthening of the US dollar index and slight weakening of other currencies against dollar, including Japanese Yen.

A new US government funding package to support unemployed workers, with a monthly allocation of at least $1200 per worker is on the way.

Senator Chuck Schumer
(Senate minority leader):

The Republicans plan to support unemployed workers is not comprehensive and sufficient!

This plan does not include 30% of workers and does not provide them with financial assistance.


Nancy Pelosi Speaker of the United States House of Representatives):
We will find a way to reach an agreement between the two parties to fund workers' support.


______________

Its obvious the future of dollar depends on this financial support package.. if the senate approves the plan we will see USD getting weaker as a result of it. But if they dont reach an agreement on it we can expect USD correcting its fall since most of the expected weakness has been priced in already.

Had a good start for the week on the signal service (@Linorth_bot) with about 300 green pips grossed (Linorth.com/signal-stats)

Kinda makes up for being sick and in bed the entire last week..

Now its time to go hunting for new opportunities.. in this current climate we need to act like a sniper.. paitiently waiting until its the right time to enter a trade.



I have had my dev brush up the website a bit so I can add zoom sessions to the current setup. Still need a bit time before I can do that.. but soon we will be able to follow the market together in a more 'live class' manner.

Feds just approved the extension of their pandemic lending program till the end or 2020 so they will continue to pump in more dollars into the market strongly.

Signal Type: New Order
Order Type: Market Buy
Instrument: #EURUSD
TimeFrame: H1
Entry Price: 1.16565
TP1: 1.17290
TP2: 1.17975
SL: 1.15799

result!

signal service past performance is available at ( Linorth.com/signal-stats)

Signal Type: New Order
Order Type: Market Sell
Instrument: #USDCAD
TimeFrame: H1
Entry Price: 1.34085
TP1: 1.33785
TP2: 1.33520
SL: 1.34410

result: reaching targets, climbing to entry and reaching targets again! (still has room to continue the fall if oil moves towards $50 per barrel)

signal service past performance is available at ( Linorth.com/signal-stats)

"Not even thinking about thinking about raising rates" these words by Jerome Powell, Chairman of the Federal Reserve tells us everything we need to know about the future of USD in forex (and future of US stock market as well)

more weakness on the USD is expected as the fed continues to print more dollars and inject into market. this was expected by most investors anyways as money continues to flow towards stocks and safe haven commodities like gold.

All we need to do is to be careful about the possibility of a temporary correction on dollar index and then we can easily keep riding the wave.