Trading With Linorth
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Trading With Linorth
I have turned this into a risk free trade by setting the stop loss at the entry point. since for me its a news trade and the market might go creazy, I'm just gambling at this point :D
I widened my take profit to 50 pips as well. if both cad gets weaker and dollar gets stronger, it can turn into a very fun situation for me :D
#AUDUSD I widened my take profits to 50 and 60 pips.

I'm also widening my take profit for #USDJPY and #GBPUSD as well.

but I might close them by hand, you can always close a trade by hand when it moves passed 1:1 ratio of your initial risk to your target.

so if your initial risk is 16 pips (like in our GBPUSD trade) you can close it as soon as it moves passed 16 pips of profit.
unfortunately USDJPY hit the stop loss, and I got out of USDCAD on breakeven.

news like this are usually impossible to predict, its really a gambling move trading with them. and things went south pretty qucikly!

so far -40 pips from the USJPY, and the rest of my trades are in negative, but I'll wait to see how things go. I might go in with buy orders on usdcad as soon as it ends the dive tho. but I suggest you just stay away from trading at this point
Trading With Linorth
please keep your risk and money management limits in mind, don't go in with higher volumes than what your account is allowed to risk. just because most of my signals turn out to be profitable, doesn't mean we can't have off days where we would only take…
Today is a good example of having a "bad day" in trading.

all my trades failed, and over all caused me a total of -170 pips. basically I lost everything I made yesterday! lol


I never trade these type of news events, and today it reminded me whyπŸ˜‚
#AUDUSD - Triangle pattern.
I've already went in on #AUDUSD with a sell order at 0.77100 with 100 points stop loss and open take profit. but it might move higher before starting to fall down, so its better if you wait for a sign of reversal before getting in on it.
Trading With Linorth
I've already went in on #AUDUSD with a sell order at 0.77100 with 100 points stop loss and open take profit. but it might move higher before starting to fall down, so its better if you wait for a sign of reversal before getting in on it.
this one failed. and I'm not gonna try catching reversals anymore. for the next 10 days at least, I'm gonna just scalp in the same direction as the trend. but since scalping like that usually has small targets it might be hard to share a lot of signals.

you guys should sub to my youtube channel so I can put up a video about scalping on 5 min chart and trade management, so you guys can learn fishing instead of using the fishes I give you 😁
#GBPUSD - I'm going in with a very small sell order on 1.29300 with 510 points stop and 1200 points take profit. its both on top of the channel and in the fouth wave of the tirangle pattern. so I expect the price to fall down
I have put in two small orders so I can close on at the buttom of the channel and keep one for the buttom of the triangle if it didn't move towards the top of the channel again for me to go in again
Trading With Linorth
#GBPUSD - I'm going in with a very small sell order on 1.29300 with 510 points stop and 1200 points take profit. its both on top of the channel and in the fouth wave of the tirangle pattern. so I expect the price to fall down
the price seems to be falling, I expect it to fall further down with the news on the US dollar. but since our initial risk on this trade is 25 pips, you can close the trade as soon as it moved passed 25 pips of profit too, if you don't feel comfortable keeping it while the news comes out.
#NZDJPY - Triangle pattern on its 4th wave - its wiser to go in with buy orders for now but when the price reached the top line we should wait and see if it breaks through or falls back down
#NZDJPY - can it be a cup pattern?!
Cup pattern for those of you who don't know what the pattern is.
I might wait for the handle and if it creates it, I'm going in with a buy order πŸ˜„
Trading With Linorth
#NZDJPY - can it be a cup pattern?!
40 pips in 15 minutes! wow.
Trading With Linorth
the price seems to be falling, I expect it to fall further down with the news on the US dollar. but since our initial risk on this trade is 25 pips, you can close the trade as soon as it moved passed 25 pips of profit too, if you don't feel comfortable keeping…
I closed the three trades I had on it on +20 pips (buttom of the triangle pattern) if it jumps to the top, I'll sell it again, and if it breaks it from the buttom I'll get in on the pullback.
#USDCAD - buy order at 1.27250 with a 500 points stop and a 1500 points take profit. (initial risk is 15 pips so you can close it after 15 to 30 pips of profit too, if you don't want to hold it over the weekend. )