tntsunrise
Short

AUDUSD NEW AB=CD SHORT

FX:AUDUSD   Australian Dollar/U.S. Dollar
7955 59 161
Price has completed an AB=CD pattern

Shorted at 0.7496

Target 0.7310
0.7000
Comment:
snapshot

working well
Comment: From 0.7496 to 0.7380, +100 pips
u can take some partial profit
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Short after geometric pattern


similar noticed
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ForexLoveme luiggipl
Thanks , good idea .
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didnt catch it at your price of 0.7496 managed to sell at 0.7470 when you posted the trade :( nearly 30 pips out
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smart guy...
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thank so much
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lets go!

tnt, i think this belongs to your student class mainly, but a lot of people here would need a tutorial in money management and a hint every now and then that mr tnt is _not- risking 10-20% of his account in a trade idea. thats what many get wrong and costs them their account and make them angry on you...
+3 Reply
@mlbo, for that, you need a real trader, not a simple Analyst..........
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mlbo Walentine
@Walentine, i m not sure what you mean.
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@Walentine, actually, he need a signal service to tell him how many to buy, where is entry, where is stop , where is target.
+1 Reply
@mlbo, Trade Mangament is very simple and I have taught that in my youtube video , the first lecture. u can just go watch. I suggest to risk 2%-5% per trade. Basically what you are asking for, I have already been teaching for free
+2 Reply
@mlbo, https://youtu.be/u2baAJyN-_M?list=PLN0GYK-_EO5Z3Xzp6Sk1bmfzckpkJ5NCx
So don't say I didnt give a tutorial. Its just you never watch my training video. I have done so many free tutorials.
+1 Reply
mlbo tntsunrise
@tntsunrise, thanks for the link. all this was not directly for me. i am interested in how you do it, but i have an understanding and my concept of money management that works for me. i really was asking for all those people out there that dont have a clue. i think this feeling came up in the comments of your oil-idea. where some people stated that they lost 16% on that one idea. i started to explain to tzhem "dont risk more than 1-2%" and they simply did not get it because they are totally confused with "leverage" and "balance" and "account size" and all these terms. thats horrible and those people should not be trading. i know all about that because i ve been there, too ;) back in 2011 when i bought stocks and i thought "10% risk per stock (account 1000$) so i can buy 10 stock positions of 100$ each" plain stupid and nonesense... tnt, it is not your task to educate people in moneymanagement here. becuase tradingview ideas are mainly about trade setups and ideas and everything else is the peoples buisness...
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@mlbo, there are a lot of books teachs trade management. and that has no relation in how to find trade.
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@mlbo, to be honest, there is no way for me to teach ppl to master money management in a single "published" idea. my students learnt my course at least for 18 hours in order to learn how to trade. do u think this education can be done in tradingview?
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mlbo tntsunrise
@tntsunrise, if you like... look at this mess :

https://www.tradingview.com/chart/USOIL/rPOKDNnb-USOIL-Short-the-0-618-PULL-BACK/#tc500935
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@mlbo, that is a losing trade and i have already updated in the later chart. any problem?
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mlbo tntsunrise
@tntsunrise, no problem for me. no offense really. it was just ment as a suggestion to maybe point out the importancve of money management more often. thanks anyway for your work and ideas!
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@mlbo, u are right. money management is important. but as what I said, people who are coming to tradingview for Ideas, not for money management. if they need to be guided, they can just buy any of those books that teachs money management. but that is a different topic. which I use my webinar to give education tutorial on that side. However, I don't think it is a good idea that every time when I publish an idea and I just copy paste: Trade with care, calculate how many lots u need to trade in order to keep ur risk within 2%, dun over trade, dun forget to set stop loss, dun forget to set tp level, try not to trade before the news, try not to trade when u are drunk, try not to trade when u feel u can control the market etc. there are just too many things need to be taken care of in terms of trading and not to losing money.
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mlbo tntsunrise
@tntsunrise, haha. i like "dont trade when you are drunk" and "dont trade when you feel you can control the market"

in fact it does not take a whole book to read to learn money management. while becoming a trader you simply need to understand the importance and how it works. it is a shame that most trading platforms do not provide a profit/loss preview on the order form. do you calculate it yourself in an excle sheet or something or with an external service offered by e.g. at myfxbook? is there a plugin or mod to metatrader that the orderform shows a profit/loss preview or helps you calculate on the fly? what trading platform do you use, tnt?
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@mlbo, i have an excel file made by myself. and ppl just need to download a lot size calculator. it is free.
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Jokekhonkaen tntsunrise
@tntsunrise, I like try not to trade when you are drunk, Make me laugh.
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tntsunrise TOP Jokekhonkaen
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+2 Reply
mlbo tntsunrise
@tntsunrise, *thumbs up*

good luck tnt and all
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@mlbo, as u can see. now the post alrdy sink to the sea. no body will ever look at this post any more.
so I told you long tim ago, it's not going to work.
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mlbo tntsunrise
@tntsunrise, yyeah. maybe you are right. think most need to learn it the hard way...
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Still in a long magnet trade, lets hope not! :)

snapshot
+1 Reply
@Swerver, I have heard of this magnet trade...meaning the 200 ema will act as a 'magnet' to the price
+1 Reply
Swerver DavidMarcy_TradeHuntFx
@DavidMarcy_TradeHuntFx, Hey,

The phrase is coined from Scott Carney, as the magnetic trade between the 'B' and 'D' points of a BAT Pattern.
Magnetic meaning after retesting the B point, it generally is quickly attracted to the D completion
However on this trade I took break-even due to current Price Action, will look on when it settles.
Generally the acceleration would come with good RSI price divergence.

Hope that helps :)
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@Swerver, haha I must have got my wires cross! thanks for the knowledge
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Swerver DavidMarcy_TradeHuntFx
@DavidMarcy_TradeHuntFx, No worried bud, safe trading :)
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Calamity Swerver
@Swerver, yes, my friend told me scott carney's book too
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Im going in! 74.70
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Thanks for the chart. Where would you put your stop loss ?
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Yes. I'm short since Friday and again yesterday.
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Hi Jack,

I recall you are bearish on USD. How do you suppose this trade to pan out if US dollar strength starts to fade? It wouldn't make short AUD/USD the ideal trade, would it?

Thanks
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@reggiecyy, DXY up is due to EUR down and JPY down. not really because of aud
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out of this trade at breakeven.
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AUDUSD will go for 0.75500 - 0.76000 befor going down. Watch your SL.
+1 Reply
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same idea .. Thanks
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Stop loss?
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Looks like an flag, does it is ?
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Hi Jack - whats your S/L?
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tntsunrise TOP hani.mansour
@hani.mansour, normally i will use ATR and structure to place my SL. it is good to put above the origin of the previous downtrend move
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Thank you .
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whew that crystal ball = price action
+1 Reply
it hit my trailing stop yesterday on the rebound and missed to re sell? I guess I am screwed on this one unless I take the risk after it moved 100 points?????????
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Jor4hub mshuaibi
@mshuaibi, just wait for a flag then sell
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mshuaibi Jor4hub
@Jor4hub, what flag? u need a catalyst for a flag m8 and there will be none until January. Switching off for the week would be best. Maybe after the Italaian Stallion refrendum the Godfather may arise.
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what is the price for re-entry?
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@Justinceo, good question. i also want to know. there is no "re"entry, there is only new trading opportunity. if you missed this one, wati for the next.
+1 Reply
FarhadKurbanov tntsunrise
@tntsunrise, what do you think about double top?https://www.tradingview.com/i/YlKKEwxT/
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tntsunrise TOP FarhadKurbanov
@FarhadKurbanov, its correct.
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Hi Jack, It's Margaux. When can I go short again the AUD/USD? I am not in the short trade yet.
Is now OK at around 0.7413 or shall I wait for a better price to short? Best, Margaux
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@margaux, wait for a better one
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margaux tntsunrise
@tntsunrise It looks like I missed out on the recent .75 re-entry. Is it too late now for Monday Asia open entry?
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