tntsunrise
Short

EURUSD SELL THE PULL BACK

FX:EURUSD   Euro Fx/U.S. Dollar
19316 118 264
Eurusd             Sell the pull back again

Break down and retested the edge

Good to short
Trade active: Sold at 1.1226
Trade closed: stop reached: BREAKS NEW HIGH, EXIT FIRST
Comment:
snapshot
Trade active:
snapshot

Re-enter the trade at 1.1240 and the 0.618 level 1.1277
Comment:
snapshot

ALMOST HIT TP2
Comment:
snapshot
Comment: Now is 1.1158, the added position earns profit now.
Comment: TP2 HIT. remember to take some profit!
Are you with me? :)
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Same thought here.
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watsonzou26 watsonzou26
BTW,Just watched your weekly thought at YouTube, very helpful, thanks. However, your analysis about oil and usd/cad seems conflict, did i misunderstand you here?
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agree
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Thank you Sir
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I just got home and seen this one too
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Same here.. lets sell it
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tekigutros tekigutros
Stop Loss :(
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I'm watching this pair as well however the 4hr is holding an rsi trendline and it looks like this pair could try a short squeeze. If the daily support trendline seen in the chart below goes we will see some deeper targets, but at these levels I'm being a little more cautious.
snapshot
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KenWei PRO BTCMarket
Man, you are really good than jack x10 times
+2 Reply
??? then u shouldn't come to my chart.
+19 Reply
Don't be disrespectful. Just observe, learn and keep your non-constructive comments to yourself.
+6 Reply
bunah2 KenWei
Keep your comments to yourself. Be respectful.
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happy lose
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BTCMarket BTCMarket
This hourly chart is why I am a little more cautious
snapshot
+1 Reply
theforexscrub BTCMarket
Ok time to go long again lets go!!!
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theforexscrub theforexscrub
Sell now!!!
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good chart. but we are selling the pull back, at least my first target is the range low.
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BTCMarket tntsunrise
Yeah I like to short this pair as well but I'm taking the more cautious trade, you will have better reward shorting here but if this pair is really bearish I think there is still plenty of room to make nice profit. With the market positioned for No interest rate rise this month I think it's possible for this pair to go higher which is why I prefer to wait and watch this pair into London and New York before opening anything.
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another alternative is to short when the horizontal structure is broken
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BTCMarket BTCMarket
This is why I was voicing caution from earlier today and thought better to wait and see how the market develops into New York session.

snapshot
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KenWei PRO BTCMarket
Man, once again you prove it
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stockerz BTCMarket
Nice analysis too, btw what does your short squeeze mean? a little sell down before going up?
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Calamity BTCMarket
but it is still good timing to sell it now , normally it will break down 1st , then test the support to decide whether it go down further or keep the uptrend.
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Calamity BTCMarket
just hope you know you need price action to contest your assumption, you can not simply predict the movements by drawing trend lines
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Maybe
https://www.tradingview.com/chart/Hgswy9zN/
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Predictindex Predictindex
EURUSD Upcoming Movement (09/14/2016)
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tntsunrise TOP Predictindex
see the trend line whether can support or not.
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Smiley8080 tntsunrise
Thank you Tnt, really great workn and comentry.
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Lets see if it closes inside the blue zone..

snapshot
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sell short at 1.12394.
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Thanks Jack I just got in....my target, 1.117 completion of this Gartley

snapshot

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tntsunrise TOP Trendhopper
nice
+2 Reply
harising13 tntsunrise
are all eurusd position closed. or only the pull back at sl 1.545
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harising13 tntsunrise
I mean 1.12545..I remember your 1 12730 is it still valid..
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hit stoploss at 1.12545
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Hit SL. Is it still in down trend?
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well done thanks for analysis.great trade..... made so much pips.
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MWGame1 wangpa
it hit SL man how u made much pips lol ?
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Rocketman PRO Rocketman
8 hours correction.... that's what it looks like.. I took a sell position though. If it does not come back down, then, I will just exit.
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ShahidUmer Rocketman
failed.lol
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Rocketman PRO ShahidUmer
snapshot
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Rocketman PRO Rocketman
I assumed everyone understood this one. It was a sell signal after people were stopped out. Plus it went to that fib level and the channel was pointing down. It is not a bar chart or candle chart.
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Because he failed one doesnt mean that he always failed..lots of users failed in this pair today..thie is trading..so be careful what you say please...
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Rocketman PRO giannisbre
Professional gambling and trading can be the same. I think looking at lines on the chart without looking at economics only are one of those ways. Why are all the billionaires fundamental traders and not wave traders?
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"I used fundamentals for 9 years and got rich as a technician"
-Martin Schwartz
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Rocketman PRO TheSmartInvestor
"I used fundamentals for 9 years and got rich as a technician"
-Martin Schwartz

That a quote that has been seriously taken out of context by chartist and lazy price action gamblers that stopped learning. Everyone knows that economists, especially fundamental traders, use models and charts as extra tools. Here is the real Marty Schwartz:

After Martin Schwartz left his career, he has been a fundamental trader until this day.
He was a fundamental analyst in the stock market, working for a company with a salary, not a fundamental trader. Fundamental traders use charts and economics to trade. This is different from an analyst that looks at earnings of companies alone and different from gamblers that says, "Price is ALL that matters." By contrast, Marty teaches to "Understand the news." That is called learn some economics-fundamentals.


#1 - He uses fundamental data. He "price reaction to news releases and fundamental data to understand the strength and market sentiment." Where is the blind price action only chart wizard in this?

#2 - Regarding fundamental data annd technical data, Marty Schwartz said, "I think BOTH of them HAVE to agree, and if they do not agree there are things to look at. So, move on down the road." Listen to him speak anbout that here regarding Marty Schwartz's trading strategy. you won't hear him talk about Elliott Waves: https://www.youtube.com/watch?v=CkDZbGVR7Y8


#3) Marty worked for Warren Buffett, I am certain that he wasn't waving charts at Buffett.

#5) He uses a 10 ema (moving average). When price goes above it on the weekly or daily he looks for buys on a lower time frame; below it, he sells.

#6) He just rides the trend up when the trendline is facing up.

#5) He uses the Put/Call ratio - a fundamental tool

#6) He considers short-term trading gambling


This brings us back to the question: "Why are all the billionaires fundamental traders and not wave traders?" I'll add that fundamental traders are not long-term investors, nor are they fundamental analysts. It appears to me that Martin Schwartz is a fundamental trader.
+1 Reply
Damn SL hit.. but just a few pips... ! lets get some from other pair :D
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Even though this trade failed but still I have gained from previous Jack's analysis, don't worry and keep on the good work Jack! Thanks a lot, dude...
+2 Reply
Hey jack, does that mean you're not looking for shorts on the pair anymore? Or are you waiting for 1.135 to short again?
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tntsunrise TOP PhilippeRitchot
not really. i am going to look for a re-enter
+1 Reply
ahmetnmsl tntsunrise
why 1.1239, Jack ? Does this level coincide with an fibo level ?
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ahmetnmsl ahmetnmsl
Probably it is the previous support level.. ok got it..
+1 Reply
I think it will not pullback
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And I thought you are on a vacation jack :D
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not yet. a correction back up could occur at this level.
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excellent Jack
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thanks for all videos i watched on your youtube
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tntsunrise TOP Bob_B_Northman
welcome
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Are You in, Jack ?
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Calamity ahmetnmsl
I just shorted now , it seems good entry point after the usd drop just now.
+1 Reply
Calamity Calamity
1.1260
+1 Reply
YEAH
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usd index just confirmed its uptrend again, good job jack.
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What is the stop loss for the re-enter?
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above the pin
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hey jack, do we use same TP and SL? thanks!
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TP IS THE SAME
+2 Reply
jenapoles tntsunrise
thank you Jack!
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what should b SL?
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tntsunrise TOP prince125700
let me teach u one time for all, above the pin
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Thnaks Jack
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hey jack its right way of drawing Fibonacci just wanna know from u for clarification from swing low to ur swing high right
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Rocketman PRO SumathiDenward
Jack draws it correctly. You have to play around with the Tradingview features because it is not the same as MetaTrader.
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all right thank you .
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tntsunrise TOP SumathiDenward
uptrend, u draw from swing low to swing high
downtrend, u draw from swing high to swing low
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SumathiDenward tntsunrise
thanks jack i need to work on certain modification in trading view .
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shorting eur/usd is risky i m long this pair with lot2
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AmmenLee Gbprider
hows that working out? what are you SL's?
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ok. good luck to u . I already take some profit
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Rocketman PRO tntsunrise
Ride that dollar bull cowboy! Hee-Haw!!!
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Maybe it will go to 109 next week's fed rate decision whether or not rates are raised.
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You publish perfect Trade at the moment of 1.12415, indicating that you did already short 1.12779. How many pips less? That is many times that you published perfect trade not at the time of entry. Don't you that it is a manipulation?
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before criticising...read all the posts by jack on this trade...the stop was hit initially so after a pullback and a pin bar he re-entered short
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ArtFly livethedream
I have a right to criticism because I see it's not the first time . You can spiers in what you want in European culture is called manipulation, can the Chinese call it differently....one possibility evaluation
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ArtFly livethedream
I have seen also many perfect trades published by Mr. TNT, but some are as written. Everyone has eyes and can judge as he wants.
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there are many non perfect too...you just need to read the full commentary before you comment :)
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Thank you , Jack. I got some profit.
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you are wonderful. light up the profit path! great master! thanks again!!!
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happyluckydog happyluckydog

will it retest 0.8000? hope luck come true.
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happyluckydog happyluckydog
I think I may take some profit on monday.


remain let it run. thanks.
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happyluckydog happyluckydog








BTY, thanks for your course notes and instruction.
they are really helpful.


thanks.





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re-enter on thursday. and it is a solid win. It recovered stop loss made on wednesday, and some money on hand after taking partial profit. Thanks jack, again.
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that's great. juliuszen
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very nice re-entry!
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that's how a good trader react lost his trade but still come out in profit
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tks
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Great....
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Lost 2 times on EUR USD /
I do not understand or you have placed your stop the second time? Thank you
I placed it on the highest wave Dow, which was stoped late Weeks
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if you measure the fib level, u will place ur stop loss above the 0.618
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jpctop tntsunrise
Thank you for your reply!
Yet I have set my stop above this level 0.618 :
EURUSD

The fib placement is correct?
Big thank!
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jpctop jpctop
Sorry !!
It's not my graphics!
here it is
https://www.tradingview.com/chart/t2Ua8EyN/
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Thanks TNT. But I have a problem with receiving your ideas into my mail box. I use to receive your ideas into my mail box and check it. However, in recent time, I get the notification but the idea does not get into my mail. Is there any problem with trading view? How can I continue receiving your idea into my mail after the notofication. Thanks
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sry. maybe u should contact tradingview yah.
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j_amui tntsunrise
Thanks Jack
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Good stuff Jacko!
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Wonderful work! We made it again... Thankyou, Sir
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you are at an altitude of
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yes, I am from1.12376 and 1,11883, thank you. Do you think is good idea to move SL to 1,11850?
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Thank you !
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Thanks!. Used /M6E with entry at a1.1223 and exi t at 1.1165. So made a small profit of $80
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Jack, where is the take profit 3 !!!
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i dun know. depends on the FOMC Meeting
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Calamity tntsunrise
will you stay up and watch the live meeting, or you just review it next day?
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Good work Jack
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I think that we can re-enter :D
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