Hello everyone,

From monday Im going to start taking trades on the PAMM account (Link in description of channel) and simultaneously sharing the trades I take there, here in this channel.

If you want to trade them with me, please put risk management first and try taking all the positions I share, instead of hand picking a few of them. since my goal is to turn a profit from the total result of all trades combined, so hand picking one or two of them might not be a wise idea.

I myself wont be aggressive at all and will keep the volumes lower than usual limits of money management because my main goal is to keep the DD below 5% and double the balance of my investors every year. so slow and steady is how Im going to go with this one.


Have a nice weekend everyone
See you monday

Kindest regards
Linorth

#AUDNZD - Daily - Triangle on the way for creating its sixth wave!

Blue line is entry, green lines are take profits 1 and 2.
and the red line is stoploss.

Considering that NZD is getting weaker, this pair most likely is going to sky rocket towards the top line of the pattern, but on its way it might see some correction after it reaches our first target. thats why I put up two targets for this wave.

#AUDJPY - Double Top pattern - wait for breakout to the downside and enter either after breakout or on retest of neckline!

Green line = target
Blue line = entry
Red line = Stop loss

I put the stop relative to target on this one, but some people who enter after the breakout to downside and after the retest of neckline, like to keep the stoploss smaller (a bit behind neck line) and trade patterns heavier with a better risk to reward ratio. but I don't recommend that you do that! keep money management and risk management in place at all times.

its better to have the odds on our side, so trading these patterns after break out is a better choice than just entering right away hoping it will reach the target!

#EURJPY - Weekly - long term view!

This chart is also in an interesting situation, I will explain my view in the next post since picture posts have character limitation!

As you can see on #EURJPY weekly chart, the price has been moving inside a triangle pattern for years! and right now, as long as price is stable above the short-time uptrend (thick blue line) I expect it to move higher and touch our decending trend line (thick blue line) one more time and can even hit the downtrend or top line of triangle pattern (Thick purple line) before falling down.

with its current position being so close to the short time uptrend, we can have a nice buying opportunity at 127.000 price level with decent risk to reward ratio for our targets.

I have marked the entry, stop and targets here. keep in mind its a long term analysis and therefore it will took some time, but my goal was to show my long term view on the pair.

I have decided to do a bit of long term trading on the PAMM (https://bit.ly/2Tu8CzR) so I can have more peace of mind in the current state of market. but since that won't let me share exact signals (since I'm averaging in and enter in parts and manage trade as I go) I will try sharing my long term view on the charts I find interesting, so you can use my analysis and combine it with your own analysis and use them in your trading.

if you want to share my analysis with others, please use the forward feature in telegram instead of saving and posting pictures around, cause that way you can also help me grow this community a bit more and that helps me stay motivated to post more often.

Thank you all for the support

Regards
-@Linorth

#CADCHF - H4

I'm currently selling from 75.400 and plan on adding to it if the price goes higher to 75.785 and 76.100.

P.S: sorry, had to correct some lines so I reposted again! lol

#GBPCHF - Daily - Megaphone pattern on its fifth wave!

with recent positive news about brexit, I think we can soon see a decent jump to 1.320 price range.

Seems like the Trade War tentions are decreasing slowly and with US yield curve inverting already, I think we will definitely see the USD deprecating in value over the next eight weeks. I have posted an analysis of #DXY that is still valid and tradable if you want to take advantage of it.


Im also thinking about quitting Alpari for good. turns out its a shitty broker with slow trade execution and requotes and a lot of slippage on pending orders so in my eyes the trading conditions of their platform totally ruins all the potential benefits of having a PAMM with them. not to mention that they recently sent out an email telling costumers that the ownership is changing and that can never be good news for customers of a broker.
so I will be moving back to FxChoice again very soon.

guys there is a market selloff happening in US stock market, due to the yield curve inverting. the thing that affects us here is that even tho a market crash will drive the gold pricess higher eventually, initially the gold price will fall a bit because invetors liquidate their gold investments to go bargain hunting in the stock market and buy in the dips.
so don't long it just yet, wait a bit and then go in if you want to go bullish on gold.

I have closed the PAMM and I'm in the process of relocating back to FXchoice, will wait for the brexit vote and after we find out what is going to happen to brits, we can finally have a clear image of where the market will be headed for the first quarter of 2019.

this one is very close to reach the target. I think we might be able to catch the next bounce to the upside as well. currently I think 0.7378 is where it will stop so I would close the sells there, but for buying it I might wait a bit to see if I can catch the entry on the lower level around 0.735

will update you guys when we get there.

ok it hit the target I had on it and now its in a good place to buy again for the target of 0.76

the price I had in mind for buying was 0.74174 but you can buy here on 0.74200 as well.

lets see if we can maximum our profit taking on this pair.

in case its not obvious to some new followers.. I always set stoploss relative to target so I can have a decent risk to reward ratio. for the buy I have my target at 0.76500 which is about 240 pips from my entry (0.741) so my stop can either be behind 0.72900 or behind 0.71900 to get either a 1:2 or 1:1 risk to reward on the trade.

I have decided to go with 1:2 so my stop is behind 0.72900

currently we have poloz's speech about rate hike which market is reacting to it. but I still doubt the price can go below 0.73300 static line.

I have almost finished the process of relocating back to FXChoice broker (https://bit.ly/2Cez0ak) so from monday I will start taking trades again on the MAM account.


Have a nice weekend everyone
see you on monday!

China is dumping US treasury bonds ($12.5B in october!) and seems like they have decided to stop investing in US bonds altogether. seems like Xi is reaching for his final weapon in the tradewar in a very chinese manner (silently without much media attention)

Seems like other buyers of US bonds are dumping their bonds as well, although not as aggresively as the chinese!

#TradeWar