Trading With Linorth
552 subscribers
376 photos
2 videos
1 file
74 links
www.Linorth.com
The only LIVE educational class on Forex!

My Signal Service Bot: @Linorth_bot
Performance of Signal Service: Linorth.com/signal-stats
(for more info: Linorth.com/signal-service)

Admin: @Linorth
Download Telegram
#Gold - I forgot to post this in time :(
#gold - target hit :(
#GBPAUD - Could be a head and shoulders pattern. but there is big news event on GBP today so be careful if you want to trade it.
#Gold - if it breaks out of the channel, I expect it to fall to 1278.00 and from there it will probably move back up again towards that red area I have highlighted here.
#Gold - Watch - waiting for the price to break thourgh the short time decending trendline ,if it breaks through it you can go in with a buy order. my target is 1313.00
#Gold - I will buy it on the pullback (around 1281.10) for a 20 pip target. #scalp #Triangle
Trading With Linorth
#Gold - I will buy it on the pullback (around 1281.10) for a 20 pip target. #scalp #Triangle
hitted the target for the scalp order, and the break through the decending trendline has been confirmed. my 1278.00 order on it is already 80 pips in profit and I will keep it for the ultimate 300 pips target of 1313.00 (or maybe I close it after 1300.00, not sure yet, I have to see price action movements in that area)
if you haven't had a chance to enter gold yet, I think we will see a pullback to around 1282.80 and you can enter there too, if you don't feel comfortable with entering now with a wide stop.



trade on your own risk ;)

good luck
#Gold - I closed my 1280 order in 100 pips of profit when price reached the 50 line of fibonnaci, waited for the small reversal (it turned out to be a bigger reversal than I expected tho!) and I got in again on 1280 once again.

this time I suspect the chart makers are creating a megaphone pattern, so I'm closing my order here at 40 pips of profit.

waiting for the price to fall to the buttom of the pattern ( 1273.00 )


'
#Gold - here is the megaphone pattern I was talking about.
#Gold - I expect it to fall down to around 1260.00 and if it holds its support there the first target will be 1290.00
But if it loses the support at 1260 the price might fall to around 1200.00
Most analysts believe that there needs to be a demand for physical #Gold for it to be able to continue its acending trend.
The interesting thing here, is that November and the beginning of festival season in India is the biggest opportunity for the growth of demand for physical gold in this country. In the past 10 years the global price of Gold during the festival season in India has experienced a 2.5 precent increase.
There is currently only one week left till the beginning of November and this week we will most likely witness a short-time correction in order to create the potential for an upcoming growth in price of Gold.

If #Gold manages to reach 1260 this week (the buttom of the channel in the chart we just shared) and hold its support there, then we can expect the price to rise to 1300 or even 1350 in the beginning of November.
Trading With Linorth
#Gold - here is the megaphone pattern I was talking about.
so far it has moved 100 pips in the direction I anticipated. I expect it to fall further down to around 1260
#EURUSD - waiting for the breakout to the downside to be confirmed. if it does that, I will short it for the target of 1.17000, even tho it can possibly reach 1.16700 as well.
Trading With Linorth
shorted it from 1.17450 for a 30 pips target.
I also have a sell limit at 1.17515 in case the price jumps there to finish the pullback.
Trading With Linorth
#EURUSD - waiting for the breakout to the downside to be confirmed. if it does that, I will short it for the target of 1.17000, even tho it can possibly reach 1.16700 as well.
I'm heading out of the house and I will leave the trades open. my stop for them is 1.17636

today the market was super slow, so I'm gonna save my energy for tomorrow ;)
Trading With Linorth
I'm heading out of the house and I will leave the trades open. my stop for them is 1.17636 today the market was super slow, so I'm gonna save my energy for tomorrow ;)
I just got back home and unfortunately I have been stopped out of my positions on eurusd due to the spread on the pair. If only I would have given it two more pips in stoploss! Haha

Its alright tho, there is plenty of time left to make up for it.


This week we have some serious fundamental events so I will probably take only a few positions during this week. There is no need to risk in times like this week. There will always be better opportunities for making money 😎
#EURUSD - pattern wise, the trade is still solid if you had waited for the pullback to get on it on the pullback. it would have given a decent 1:2 risk to reward ratio.
Trading With Linorth
#EURUSD - pattern wise, the trade is still solid if you had waited for the pullback to get on it on the pullback. it would have given a decent 1:2 risk to reward ratio.
I just rushed into it because I needed to leave the house and didn't have time to wait for the pullback, and I paid the price for it! haha