tntsunrise
Short

AUDUSD short at inverse 1.618 + Mental Strength in Trading

FX:AUDUSD   Australian Dollar/U.S. Dollar
5956 48 138
Sorry i posted it late coz busy with bank's work this morning.

Last Friday we have a loss trade which lost 50 pips
(from 0.7490-0.7540), we made a very straight cut loss at 0.7540 so that we wont' lose more money.
Should we be scarred? should we be nevours just by one
losing trade? Absolutely not!
because alough the previous trade lost 50 pips,
but look at other trade: Gold             win 300+pips,
GBPUSD             win 450+pips,
USDCAD             win 1450 pips,
GBPJPY             win 600+pips,
should this 50 pips loss worry you?
no! Don't be so greedy that you can win every trade!
Win Big and Lose Small , that's fair enough.

I just short AUDUSD             at 0.7590 this morning,
The amazing Inverse 1.618, similar to Gold             , similar to OIL             ,
and now is 0.7546 already, the loss of 50 pips is arleady
covered.
The Question is: Can we stay calm and trade consistently
with our plan, and not affected by emotion and losing trade?
Follow your plan, follow your strategy, and do the right thing only.
The result will take care of itself.
Good luck to every one.
Comment: Trading is about two thing:
Trading Plan and Execution
A lot of people will have problems of the execution part
because of lack of mental strength.
My experience is: Plan your trade in human being's way, but Trade your Plan in robotic way.
Comment: Now is 0.7507, +83 pips
Comment: Two Targets For AUDUSD
TP1: 0.7300
TP2: 0.7120
Comment:
snapshot
Comment: NOW 0.7443, +150 pips
Comment:
snapshot

Trend trader will join the short
Comment:
snapshot
Trade closed manually: Trade Closed 2/3 postion before FOMC meeting, The remaining Position hit protective stop loss at 0.7560
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nice sir...
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good guy TNT ,,, we following u and thanking u every time ,,
thanks a lot
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tntsunrise TOP farisalateeq
welcome! Wish you a faster learning curve in trading
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Plan like a human, execute like a robot!
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tntsunrise TOP franciskim
yes!
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tntsunrise TOP franciskim
but you are human already, no need to like haha
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Good words
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Thank you for your guidance sir!
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welcome! Wish you a faster learning curve in trading
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i really join in the same place fibo 161 :D
i have an idea in the same road of ur idea

Short idea
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Excellent!
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Great Jack, you inspired me. :)
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Great Jack. Really appreciate your ideas, charts and coaching. This 161.8 is obviously a retracement level you trade off often or?
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it is an inverse extention which I look very closely. Check my ideas in USDCHF, very similar
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USDCHF TOUCHES INVERSE1.618 AND SHORT
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Marvin tntsunrise
Not sure if there's any difference with the terminology. You say inverse extension but isn't it the same thing as a 161.8 retracement? Either way this is great to know. Thanks a lot.
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yes you can say it is 161.8% retracement. same thing. inverse ext means it is mearused from C to B , not B to C ( opposite from the time sequence)
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Marvin tntsunrise
Gotcha
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if I enter in this deal now previous tp are confirmed ?
thanks sir
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TP need to be adjusted.
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PRO.KS tntsunrise
Where is the Tp recommend for AU AND GA?
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well Said ! Thank You :)))
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I thought you covered at 0.7640. Otherwise what are you targeting?
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covered means i already have 50 pips in money, not say i close trade
snapshot
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ifty78692 tntsunrise
Oh OK great. In that case I've missed it although will wait for a retrace and see if I can still get in.
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What is the new Sl and Tp Sir
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Great trade.
+1 Reply
Thank you for such excellent advice!
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Thank you Jack.
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back with a vengeance hehe, keep it up Sir!
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Thank you...terrific ideas..really appreciated. Keep em coming!
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Thank you Jack
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Why are you always right!!!
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not always, bro. but the key thing is : if i am right, i win 2 dollar, if i am wrong, i only lose 1 dollar
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Do you think it is a good idea to go short right now?
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Hey, Jack. Nice to see the pair finaly going down. I'm in a trade myself. +40 pips. I entered because I saw very clear divergence and something similar to double top, both on H1 interval. And there's also a strong resistance. So you could say that was quite a strong signal to enter. But it kinda looks like the price is consolidating which could mean going up again. What do you think? Do you think it's just a big retracement or an actual reversal of a rallying trend that started on march 1st?
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It's good that you you have your own view! keep it up. AUDUSD may form a H&S pattern
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thanks for you ideas!!
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welcome
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Thanks Jack. I had missed the original entry. Got in now. Thanks
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Neatttt :)
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Still waiting for a retrace to get in but at least I'm being patient rather than jumping in.
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SmilingSword ifty78692
Which point of retrace u waiting at?
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ifty78692 SmilingSword
Double top but after this FOMC I will keep an eye out for 0.7630 (R1). However, there is news out in 3 hours (RBA's Debelle speech) so also need to be careful.
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Sir what now? Will go up after FOMC news?
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i was waiting to see your views after focm. was going to hedge last night but started dobting since i had such a nice entry. market deffinetly has reversed a lot though.i have more patterns for a bear but sometimes market just doesnt care about your analysis hahaa saw a butterfly on the weekly/zoomed out daily, elliott waves and more but seems market has extended more than your typical head and shoulders. i saw this bull coming just not so strong. eurgbp wants to drop but that extended move up got me wondering too. gbp pairs that ive seen seemed to form a libra pattern. what do you see on eurgbp?
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tntsunrise TOP DAVID_GIRALDO
for fundamental events the best way is to hedge or close some position to avoid risk. the trade is arleady in money 150 pips before the meeting, it is helpful to close some position and let the balance position B.E. and luckily I did that, now all the position closed with profits.
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SmilingSword tntsunrise
Hello tnt any perspectives that audusd will go down again after hitting rs?
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