FX:SPX500   S&P 500 index of US listed shares
5487 50 139
4 months ago
SPX             short the pull back

Break the tri-angle
wait fot the pull back.

check the price action
check the FIB.
check the RSI
Good Luck , Good Trade to every one.

I am busy these weeks coz I am setting up
my trading academy and have to travel
a lot to conduct courses.
I will still publish my ideas here and
hope you guys can benefit.
Remember:
Plan your Trade, Trade you Plan!
4 months ago
Comment:
snapshot
4 months ago
Comment:
snapshot

such a nice drop.
Join Projack's Student Group, Learn How to Trade Professionally.
http://www.harmonicasia.com/index/course.html
Youtube:
https://www.youtube.com/playlist?list=PLN0GYK-_EO5Z3Xzp6Sk1bmfzckpkJ5NCx
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ErnMan PRO
4 months ago
TNT your wisdom is always much appreciated. I have noticed you are very consistent in your trading views. I can imagine how busy you really are. Good luck with your trading academy, I am sure it will be very successful. I would have considered your training but was already involved in another very good training program that is also price action related, but I must say you have inspired me more then any other trading view publisher. Thanks for all your ideas. I have noticed that most traders get burned by being too emotional about each trade. I was that way until I gained confidence in probabilities. I know I am going to lose small and gain big by predetermining my risk/reward. I love your simplistic approach, I don't like counting waves or over complicating things.
+1 Reply
tntsunrise TOP ErnMan
4 months ago
Thank you My Friend.
Yes you are right!
Good Winning Ratio + Good Risk Reward is the key.
lose small and win big so that you won't worry about the losing trade at all.
All the Best to you!
What I teach is not only based on Price Action but the whoe trading system that i am using, including the whole process of Identify patterns such as harmonic pattern, Libra Pattern and other profitable patterns, Preset the Entry, SL Target , Decide whether take this trade or not and Excute the trade according to your plan.
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ErnMan PRO tntsunrise
4 months ago
Yes I do know you are a harmonic trader as well as an expert on many other patterns while also managing your overall trading system with excellence. I bounce what I have learned against your charts. I am just learning basics with trending and counter trend Japanese candlestick price action signals combined with one or two western indicators while identifying trading ranges, support and resistance of prior signals and price. The basics and the mental fortitude to stick with my plan used to be the hard part for me but I have become more disciplined and smarter every day watching guys like you. My trading has improved significantly just by learning trader phycology and how the market ticks. I am certainly not the expert professional trader that you are but I am learning fast. Thanks again.
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sbbi98 ErnMan
4 months ago
thanks!
Reply
pring ErnMan
4 months ago
Hi ErnMan, what is your training program ? You say that it is very good and i'am curious... Thanks for your response.
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ErnMan PRO pring
4 months ago
Hi Pring, I actually have 2 that I am taking now. One is with Steve Nison a candle guy who from what I understand is the guy who brought Japanese candles to America back in the 80s. He uses simple price actions strategies combined with western technicals (support/resistance/ranges/MAs/BB etc...) to form an overall system of standard signal confirmations, entries, stop loss and targets (risk/reward management). Keep in mind I am just learning so if I claimed the course was good it's because I finally stopped losing my money :o) I can say for sure that I feel more confident in why the market does what it does. I am way more patient now after taking course training. I have always jumped the gun in the past, I never waited for confirmation, I was stupid. I have taken Nison's video courses for basic and advanced candle signals. I enjoyed them so much as to go through them three times now. I also knew I needed trader phycology training because I was weak in that area so I bought Nial Fuller's course. He has his own candle stick strategies that he uses but the reason I like him so much is how well he teaches trader phycology. It is like he is reading my mind. His free website is awesome and you can probably learn all you want to know about maintaining a successful trader mindset there, Learn To Trade The Markets is his site. The courses I have taken so far have not been that expensive, I am sure Jack's(TNT) stuff is way more advanced. In fact I may eventually be Jack's student also :o)
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sbbi98 ErnMan
4 months ago
thanks!
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sbbi98 ErnMan
4 months ago
where can i take Nison's video courses? thanks.
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ErnMan PRO sbbi98
4 months ago
Check your PM.
Reply
CezaryS ErnMan
4 months ago
I see that my beggining is similar, I thought I am the best. Now i follow others, listen them and learn, learn, learn. I am affraid to invest for my knowledge too much, because I feel I have to catch many information the first.
Could you share with me contacts , websites like Fuller`s? Good to hear that it is possible to stand up after deafet. Thanks.
Reply
pring ErnMan
4 months ago
Hi ErnMan, thanks a lot for your response ! I know very well the Steve Nison's book in french version that i have readed many times.
But i don't know Nial Fuller... Thanks for the new and i will go to see his website. You are a good guy ! I hope to read you agin my friend.
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Peter_238
4 months ago
Thanks sir
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mchilado
4 months ago
Glad to see your ideas always...hopefully I can make enough money to attend your class in the near future. Thanks Jack!
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happyluckydog
4 months ago
Thanks for your review. Your advice is good. anyway best wish for your trading academy. thanks again for your comment!
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watsonzou26
4 months ago
As always, many thanks for your post, Jack!
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bunah2
4 months ago
Jack,

Thank you so much for you sharing your ideas with us here. I learned a lot from you. Best of luck with your trading academy. I know you will do good. I would have considered your training but I was already involved in another training program, same like others. But I would still like to follow you and learn from you.

God bless you and your family.
Reply
Trendhopper PRO
4 months ago
HI Jack, Thank you for you trades so far, I won't be taking this trade. Why? I would have shorted an impulsive pullback, but this pullback has too much bullish structure , a double bottom and repeated attempts to break upwards, also I feel S & P doesn't follow logical patterns in the same way as commodties or currencies...it tends to go on a long uptrend or long downtrend with little volatility in between, maybe you prove me wrong and not for the 1st time...good luck with your academy , it will be a big success...
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watsonzou26 Trendhopper
4 months ago
That's true. SP500 is really weird, i seldom got profits from this index. That's my experience.
Reply
watsonzou26 watsonzou26
4 months ago
And i also very curious what makes sp500 so strong, no logic here, but market is always correct.
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FerminNunez Trendhopper
4 months ago
I like to use momentum ( rate of change in price ) to enter /exit my trades trades , on Daily it has upside momentum which is running out of steam a correction is due
All the indicators I use look that way
H. Ashi candlesticks getting smaller bodies, Stochastics overbought ( not been triggered yet ) , Low volatility everything points to a correction
Waves expand and contract according to Elliot wave theory
Here is the chart https://www.tradingview.com/chart/HX5RYP81/
.
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sushil6002
4 months ago
sir but there is also an ascending triangle .....so might be i may going up....?
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Streetsurfer
4 months ago
False breakdown with the pullback above the triangle?
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ellyon66 PRO
4 months ago
Hope your academy is affordable, tell me when it starts. do you offer any online course.
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tntsunrise TOP ellyon66
4 months ago
yes i do.
http://harmonicasia.com/pro-trader-course/
register here and u will recevei all video copies and join my daily student group
Reply
watsonzou26
4 months ago
Let's look at the daily chart: It's clear that when retails buy, big banks sell; when retails sell, big banks buy. This is the way how big banks make money.
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sbbi98 watsonzou26
4 months ago
how did you tell? thanks.
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watsonzou26
4 months ago
thanks for updating your chart. Based on just finished 4 hrs chart, It seems that sp500 will go south....
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sushil6002
4 months ago
HELLO
do you know the theory of WD.GANN,& GANN.VIBRATION ...
if u know,then i may have learn
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tntsunrise TOP sushil6002
4 months ago
I know the theory but I can only say that I won't use them in my trading system.
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sushil6002 tntsunrise
4 months ago
why ....it is not usefull for trading
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FawadJawed
4 months ago
meanwhile i was chasing the NAS 100 :-) Great 1 Jack
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CezaryS
4 months ago
I admire your patient seeing your long term trades, i observe it and many times I would have hart attack :)
By the way, come in to short now or in retracement if will be.
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tntsunrise TOP CezaryS
4 months ago
sell high. dun sell low. KEE YOUR RISK SMALL
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CezaryS tntsunrise
4 months ago
Easy to say sell high or buy low :) I try to catch right moment. I invest by microlots to learn and feel emotion ( not demo) so loses and wins are small.
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tntsunrise TOP CezaryS
4 months ago
it's good to start with that. how to buy low selll high? dun worry. my course will help you master this kind of skill!
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tntsunrise TOP CezaryS
4 months ago
patient pays!
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watsonzou26 tntsunrise
4 months ago
well said, Jack!
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bunah2
4 months ago
Thanks Jack
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shero
4 months ago
GREAT work and very humble too
these are the criteria of an educator
Thank you for your effort
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Nshan
4 months ago
Hi TNT, is this a valid setup ? it is stuck in this channel , my plan to SHORT the pullback after breakout or to SHORT it from 2179 "161.8% fibo + daily trend line" with a tiny SL . but if it breaks those upwards, i will BUY the pullback after breakout . i want your advice please. many thanks in advance. PLEASE NOONE TAKES THIS IDEA FOR REAL , I AM NEW IN HERE AND ASKING TNT FOR IT'S VALIDITY .
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Nshan Nshan
4 months ago
this is my idea
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Nshan Nshan
4 months ago
sorry but i'm not able to add the chart
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Nshan Nshan
4 months ago
snapshot
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watsonzou26
4 months ago
sp500 is unbelievable strong, it need more time to consolidate. Let's wait to see how it unfolds.
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lupino
4 months ago
Mr tntsunrise, whaa no doubt you really know it, when the next update?
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mnwind
4 months ago
Hello Jack:

Do you also trade "clear break out"? For example, if SP breaks 2075 to new high, will you consider buy some? My 401k retirement money is mostly in cash right now (since Brexit), I'm trying to figure out the best time to buy back SP index. I know it is good to wait for pull back to 2100-2120, that is what I normally do. but what if market goes crazy and breaks 2075. It is hard to see SP benchmark keep making new highs while my money is sitting aside.

Thank you very very much!
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barby73
4 months ago
stop hit..... stop hit.....!!!
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mnwind barby73
4 months ago
SP is moving lower now after a Break Out Failure. Let's see how this will play out. I learned that the last time SP500 got stuck in such a narrow range for so long was 45 years ago! If the price drops to 2100-2120, I'll buy some and invest.
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watsonzou26 mnwind
4 months ago
I concur. Any drop is a buy, buy, buy.
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FBO
4 months ago
Any update ?
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