Congratulations to those of you who took the trade with me.

MAM balance is now $70770 so Im counting this week as a big win.

I might give myself a bit of rest for the rest of the week.

I went long on gold again😂 this time its a light order. Just in case it stays above 1300 and moves higher. If it loses the support I will get out

#Risky

I got off the longs on gold in 1K profit. I will wait to see what happens and find new entries.

Just got my performance fee from the system!


Also, channel just moved passed 1000 members milestone! 🎊🎉🎊🎉

Thank you all for the continuous support ❤

MAM balance is going to be 75K on monday (a new investor is making a deposit)

And I think by the end of the next week or the week after that we have moved passed 110K balance. And then, against my own will, I will have to raise the min investment amount to 10K due to MAM account structure and size of the investors accounts.


So if you want to join in on the fun but you can't commit 10K to it, I suggest you get in while the min investment is still 5K.


I will try sharing more trades next week. Thank you all for following the channel and giving me energy to keep going 😎


Kindest regards
-Linorth

Hey everyone,

I'm starting up again from today and will share the better trading opportunities that I find during the week here on this channel.

I'm searching for chart patterns only this week.

#GBPNZD - Triangle pattern - H4

If it breaks the decending trendline and becomes stable above the 1.93650 static line, I will buy it for the target of 1.96100. But if it continues the move down and breaks out of the bottom the target for the sell order will be the static line of 1.91800

Just hit the 1.91800 target I had on it. So now I'm putting a buy order for the target of 1.95400

This buy order is not based on any pattern, I'm just entering on a demand area and see if the support holds here for another jump to the upside.

#EURCAD - H4 - PRZ

I'm putting in a small sell order here for the target of that blue area on the chart.

Take profit: 1.47800
StopLoss: 1.51600

this one is close to my stop. I think its forming a megaphone pattern so I have decided to take off my stoploss now, and add to the trade from 1.52130

target is still the same. but stop will be above the high of the weekly candle

so Im only giving it a chance to finish the possible sixth wave of mehaphone pattern and if it doesnt reverse from the top line of that Im going to get off in a loss.

Im basically adding to the trade when I expect it to touch the trend line on the daily chart.

Activated my second order and as you can see in the MAM trade explorer, I've managed to scalp some profit off of the moves along the way...
I still expect it to fall down to my target so Im staying with it till at least 1.48520

This one hit my stoploss and I closed it in a loss.
I managed to scalp some profit off of it before it hit my stop so for me it ended on breakeven.

but the market is really crazy at the moment due to the trade war speculations.. the trading divergence between some pairs that used to move together or opposite to each other is gone and often reversed and Im staying out of the market for now to protect my capital until the market has settled down a bit... and I suggest you do the same.


good luck out there 👍

Hello everyone,

#Gold is currently in an interesting place on the weekly chart. Im guessing it will finish the decending move this week and we will witness a trend reversal in the blue area.

Hello everyone,

#Gold - Im trying to catch the reversal and my first target is a pullback to 1288 and after that if the support holds it can go for 1320 as the second target and the third target would be 1350.

buy in two or more parts and scale in if you want to trade it.

about the gold, I still expect a reversal from the prz area (1230-1240) and Im holding on to my buy orders.

we witnessed a jump to the upside from 1238 to 1265 and now gold is putting down the second leg on the weekly trendline (1239).

if price closes below 1236, we might see a fall to 1230 (and less likely to 1200) and then the correction/pullback to 1260-1280 area.


the tradewar has made dollar stronger but at the same time the ounce can only fall down so much before value hunters jump in. so in my opinion for a medium to long term investment, gold is still a viable option.


have a nice weekend everyone.

Long term view on #Gold

I expect major support in 1175-1210 area. and then continuation of d wave inside the triangle.

Some members of the channel contacted me asking why Im not sharing any charts here.. so Im going to explain it here for everyone.
the reason I dont share any analysis here is the uncertainty in the market itself. currently with all the chaos in the world, no one can have a clear long term view on the world economy. so I can't do my usual job of analyzing charts with regards to the underlying fundamentals.
the reason I had a lot of success in the past was exactly this fact that I never trade based on technicals alone (or fundamentals alone) I mix them together and trade based on the view point that gives me.

currently, trade war with china has made things a bit tricky.. on one side if US continues to go down the tradewar route that can have a short term positive effect on the USD (at least before more economic data comes in) but on the other hand china can still turn the trade war into a currency war by manipulating their currency or dumping US bonds cyclically (a less likely scenario, but still a possibility)

so now, Im pretty sure that the chinese will go down the currency war route because Xi can't show weakness against trump.. and in a currency war, gold is the only winner while all other markets crash.

Im currently bullish on gold and I believe we will see a major support on 1200 level (a psychological level) and 1180 (major support level)

we will see a reversal in that area because not only there is a big chance of a currency war, but also based on the fundamentals (miners performance and the idea that the US GDP has already peaked, etc..) gold is currently undervalued.
the feds raising the rates is the only thing that can drive the price down towards the 1180 level. but there is a chance trump breaks the taboo of US presidents not meddling in the feds business and somehow force them to pause the rate hikes to prevent a recession.




all in all, I suggest everyone to trade currencies with caution if they want to trade them.



good luck out there 😎