tntsunrise
Short

AUDUSD TRADING PLAN EXAMPLE

FX:AUDUSD   Australian Dollar/U.S. Dollar
19038 136 318
5 months ago
AUD SHORT AT 1.618 EXT
TOP of the Wedge , RSI

Entry: 0.7661
SL: 0.7680
TP: 10 times of THE RISK, 0.7461

Lot Size Calculate:
20 pips, Risk Amount: 200 USD
Trade: 1 lot
Potential Gain: 2,000 USD

My students are trained to write
this kind of trade plan for every single trade.


5 months ago
Comment: For a Complete Trading Plan, Please include:

Reasons to Enter

Entry
SL:
TARGET
Risk/Reward
Lot Size
5 months ago
Comment:
snapshot

NOW WE HAVE PROFIT AND IT BREAKS THE TREND LINE
5 months ago
Comment:
snapshot

PULL BACK RETEST
5 months ago
Comment:
snapshot
5 months ago
Trade closed: stop reached: Stop Loss hit, exit at 0.7681, lose 20 pips for 1 lot, USD 200.
exit first, that is the decipline, we move to the next good trade.
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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gfknn5
5 months ago
nice!
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WhiteBlue
5 months ago
Hi Jack! Wesley here. I got this AB=CD idea
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tntsunrise TOP WhiteBlue
5 months ago
need to see the price break the B then u can use AB=CD
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WhiteBlue
5 months ago
snapshot
+1 Reply
Batman-oz
5 months ago
Thank you Jack, so do you look at each pair and run though different time frames, I.E. 60m, 4H or 1D?? to determine whether a trade is there or not?
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tntsunrise TOP Batman-oz
5 months ago
yes.
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Charles.Yang
5 months ago
Pefect! Entry is also 2.0 reverse EXT. I went short last night based on the Bat. A little earlier.
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jonesrj
5 months ago
Nice chart Jack. Will you take some profits around the prior resistance of 0.754? That will be close to the 1.27 fib.
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jcyt
5 months ago
The price hits the weekly high,
Entry:0.76565
SL: 0.76800
TARGET: 0.75000
RIsk/Reward : 8 times
Lot : 0.50
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leong801 jcyt
5 months ago
Reasons to Enter
if is it drop to what im entry mean AUD/USD turn back to down trend for the moment...since i have another hand buy entry in 0.7300 for long term

Entry : 0.7596
SL :0.76800
TARGET : 7461
Risk/Reward : 5 times
Lot Size : 0.50
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Dps
5 months ago
gr8 explanation Jack..
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Batman-oz
5 months ago
That is the parts i dont know or have little knowledge of. Reasons for entry,
( the AUD is over valued) Entry working on Fib and the trend lines,
((161.8 this time not the 61.8)) the SL as the is good resistance levels,
target you say 10 times the risk ((which i dont understand yet)) but looking at the chart there is also reasonable support levels.
Risk/reward, i dont know that yet
And the lot size, i was under the assumption 1 or 2% of your capital/equity.
Please excuse my lack of knowledge and being dumb at this but i am trying.
Again thank you Jack.
Regards, Anthony
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tntsunrise TOP Batman-oz
5 months ago
10K account, 200 usd is 2%
+3 Reply
Batman-oz tntsunrise
5 months ago
Thanks Jack, ill get to 10k soon enough i hope. But is the rest of my above assumptions close to correct?
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Batman-oz Batman-oz
5 months ago
One day when i have enough money would love to come to Singapore to join your course.
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tntsunrise TOP Batman-oz
5 months ago
NO NEED TO COME TO SINGAPORE, YOU CAN LEARN IT FROM HOME
+3 Reply
kluger tntsunrise
5 months ago
how its possible? any website
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tntsunrise TOP kluger
5 months ago
Clieck the feed back on tradingview's help page
+1 Reply
StevenMilward Batman-oz
5 months ago
This was successful because of NFP results primarily. The USD gained strength throughout all currencies. Had the NFP results been worse, the we would have seen a rally here. In my opinion it has nothing to do with the support / resistance values on this occasion.
+2 Reply
MarcuDan StevenMilward
5 months ago
Agree. Its very risky to open a trade right before such a big news like NFP were your stops may not work at the price you set them to (because of the slippage), so the risk might increase and you can lose more than initially planned by your strategy.
And i think in such cases the author should probably write a warning message that the trade is risky taking in count the upcoming news.
+2 Reply
StevenMilward MarcuDan
5 months ago
Yeah i agree.
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watsonzou26
5 months ago
Thanks for updating chart, Jack. Still not a good trading for short at this level in my view, but i could be wrong.
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tntsunrise TOP watsonzou26
5 months ago
sure. thank you. Being right or wrong doesnt matter, making big profit or small loss is important.
+2 Reply
watsonzou26 tntsunrise
5 months ago
I concur. Thanks Jack.
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gcplau tntsunrise
5 months ago
Agree and thanks for constant reminding...hopefully that's the beauty of Harmonic Patterns as well....high R/R.
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Charley
5 months ago
Are you considering tomorrow's NFP in that analysis ?
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tntsunrise TOP Charley
5 months ago
https://youtu.be/-faVnyCP-o8?list=PLN0GYK-_EO5Z3Xzp6Sk1bmfzckpkJ5NCx
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arianto
5 months ago
Wow great teaching Jack, thanks for the lesson. I'm in this trade for learning only, I still believe audusd can reach 0.7750 so I set my stop loss at 0.7840.
Will you show us how you manage this trade, like when we must adjust the stop loss to breakeven, when we must make half profit? I hope I can learn from you. Thanks
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tntsunrise TOP arianto
5 months ago
For this trade, u can take half when u have 100 pips
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tntsunrise TOP arianto
5 months ago
https://youtu.be/-faVnyCP-o8?list=PLN0GYK-_EO5Z3Xzp6Sk1bmfzckpkJ5NCx
+1 Reply
ntt1411983
5 months ago
Same thought... AUDUSD H4 Gartley bearish pattern completed, short.
Entry: 0.7656
SL: 0.768
TP1: 0.7568
TP2: 0.7512
R/R: 7.5
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edmunch
5 months ago
Neither the USD Unemployment Rate nor USD Change in Non-farm Payrolls releasing today can affect this??? :/
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tntsunrise TOP edmunch
5 months ago
yes it can. and it help us make money
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bunah2
5 months ago
Thanks Jack
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CarlosReyes
5 months ago
Great work sir...........Great call!!!
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gfknn5
5 months ago
you are still perfect Jack!
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IAmAgainst
5 months ago
That sudden rejection really scared me.. it's curious that it didn't happen in other USD pairs.
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jasonlwc
5 months ago
Great work Jack, Thank you very much!!!!!
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artwiz
5 months ago
It was too nice!
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BoyBermSupasit
5 months ago
this is incredible !
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KelvinSs BoyBermSupasit
5 months ago
do you think it may drop to 0.75 today?
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tntsunrise TOP KelvinSs
5 months ago
MAY NOT BE TODAY. WHO CARES. JUST HOLD UR SHORT
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MertErten
5 months ago
hard to trade this last PA.
I am happy that I traded your SHORT XAU (as both corr.'ed)
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tntsunrise TOP MertErten
5 months ago
congrats
+1 Reply
watsonzou26 tntsunrise
5 months ago
Great job,Jack!
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Dps
5 months ago
gud call Jack..
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DAVID_GIRALDO
5 months ago
jack this went great!! awesome analysis like always!! thanks for sharing!
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Fibronacci
5 months ago
Hi Jack, can you please briefly explain on which criteria you chose the TP @ 0.7461
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tntsunrise TOP Fibronacci
5 months ago
10 tims of risk
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Fibronacci tntsunrise
5 months ago
Hey Jack, I appreciate your work very much. But still have some questions. Does it make sense to derive the TP only on the Risk e.g. 10 times.
What about setting the TP on a support/Fib level?
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TemurBurhonov
5 months ago
how can i learn this kind of trading
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tntsunrise TOP TemurBurhonov
5 months ago
http://harmonicasia.com/pro-trader-course/
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Fibronacci
5 months ago
hey Jack, are you planning to keep your 1 Lot position over the weekend?
If so, what about the overnight/Gap risk?
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tntsunrise TOP Fibronacci
5 months ago
i won't worry.
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johnmad PRO tntsunrise
5 months ago
Like the way you think .
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Xilpa
5 months ago
Good trade!
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sakseeda007
5 months ago
This was an absolutely super perfect !!!
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Reynolds89 PRO
5 months ago
I know u take in consideration the wedge and the RSI signal, but also take the NFP numbers this morning?? u just trade based on tech analysis or is a kinda combination of both??? USD gt today a really good rise today cuz the positive data coming from NFP , did u take that information as key in ur trade also?? thx for the ideas
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tntsunrise TOP Reynolds89
5 months ago
no i dont. coz if the NFP news is against me, i lose small money, but if it doesnt, i win big.
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Reynolds89 PRO tntsunrise
5 months ago
thx for the replay, i was watching the youtube video u post it and i understand better your approach to the market really good videos and really educatives good work keep it up :)
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tntsunrise TOP Reynolds89
5 months ago
thank you
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Hiisham
5 months ago
waw that's sick broo amazing
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kaysso
5 months ago
Shall we sell when the market open , or we wait till you advise?
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tntsunrise TOP kaysso
5 months ago
the trade is already opened before NFP, why should you sell the market open?
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kaysso tntsunrise
5 months ago
I mean I did not make sell order yet , am waiting till market open on Monday and the best entry point to make sell order?
I need your advise for the next possible entry point to sell according to your gr8 plan
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tntsunrise TOP kaysso
5 months ago
dun assume that there is always a re-entry point if you missed the best one.
+1 Reply
Technician TOP
5 months ago
Many others here pretend to be market gurus and mentors, but hide behind and do not have the guts to publish real trades because it will expose they are simply scam. I respect you for not being one of those. Cheers.
+3 Reply
tntsunrise TOP Technician
5 months ago
Hi, Technician! Cheers! Thank you for your nice words. Your anaylsis is amazing and your 10 rules of trading is so helpful for new traders. Wish could you meet you some day in the future! and Welcome to Singapore!
+2 Reply
Technician TOP tntsunrise
5 months ago
Thanks mate. Its a pleasure to have you here. Surely it would be great to meet, thanks for your kind invitation, it might happen one day.
+1 Reply
tntsunrise TOP Technician
5 months ago
Great!
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Trillionschifer tntsunrise
5 months ago
Wow... singapore is one of my destinations. There is a hotel there that has this crazy looking pool on the roof. Will most def be checking that out! (Sorry for butting in! Im new)
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tntsunrise TOP Trillionschifer
5 months ago
MBS
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Trillionschifer Technician
5 months ago
Hmmm.... what are your ten rules?
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Trillionschifer
5 months ago
Wow... You plans are so well detailed that even if you're wrong, we'll have to forgive you due to all the work you've put into it. LOLOL!
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tntsunrise TOP Trillionschifer
5 months ago
If a good plan failed, I won't feel bad at all. I have done the right thing. it's just the market didnt give me the profit.
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Trillionschifer tntsunrise
5 months ago
I feel the same... I get the direction correct alot, I was 9 for 10 last week alone. The Eurusd turn around when the NFP came out. Till then I had it right. My problem is I set my targets too far out. (Working on it.) But yes, you are right. If the plan is good and it follows your rules, whatever they may be, then being wrong every now and then is not so bad. #Discipline
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MKpipwizard
5 months ago
I've just seen this. It's so much coincidence that this set up analysis is the same as mine as the previous EURUSD. For AUDUSD I entered abit early. I really appreciate your analysis. What's your view on USDJPY. I had posted about, you can have a look as well
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tntsunrise TOP MKpipwizard
5 months ago
I bought at 100.80
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StevenCheok
5 months ago
Hi Jack, what if it break above 7640 today? Does short target still valid in your study? Thanks.
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tntsunrise TOP StevenCheok
5 months ago
valid. there is no what if, we got stop loss to protect our trade.
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StevenCheok tntsunrise
5 months ago
Hi Jack, is your setup considering nzd cut rate as well? Which may drag aud down together?
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waiyuen
5 months ago
Just joined the short at 0.76305.

thanks
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edmunch
5 months ago
Congrats for this one! this definitely could support your 2000$ course!
Lucky you that the data released on Friday in EEUU helped us too :)
Any new short again before EEUU wakes up by the way??
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Dps
5 months ago
hi jack..is it the right time to add to short..?
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Fibronacci Dps
5 months ago
no
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edmunch
5 months ago
Jack!

China's CPI data release is due in some hours, any thoughts about this? guaranteed stop loss? thoughts about jump out??

Thanks a lot!
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ntt1411983
5 months ago
It doesn't seem to be a simple chart... NFD strengthened USD for a while, then AUD back to its way up. Take some profit and leave this pair away.
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arianto
5 months ago
I still think this will come to 0.7750 for a bearish bat pattern, SL 0.7840.
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sultandefalla
5 months ago
hello sir

is the trade still active or not ?
ty

+1 Reply
thundercrypt sultandefalla
5 months ago
I think it is, just put the stop and r/r will be even greater.
+1 Reply
RamaDeda
5 months ago
Thanks for sharing tnt! You are one of the traders that I follow ;) Just entered a short at 0.766 with Sl at 0.768 and tp at 0.75
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HeHongYi
5 months ago
snapshot

how do you think this one, Jack? 0.77700
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watsonzou26
5 months ago
when i saw 4 hrs chart last night, i had a gut it would test prior high, now the price confirmed. I am confused with the breaking out.
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uzair18
5 months ago
Jack Are you holding this short or closed ??? i missed that trade firstly but can i do it now ??
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tntsunrise TOP uzair18
5 months ago
yes u can. i am still in. didnt touch my sl
+1 Reply
remkade
5 months ago
I'm curious as to how you came to the conclusion of 10x gain for your TP. Do you have some information on why specifically 10x? 3x seems to be the more common recommendation.
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tntsunrise TOP remkade
5 months ago
3x is very good result and i encourage ppl to take the profit. like what I said, this is my trading plan example,i do enter the trade and willing to wait it hit the 10x, but that is only for myself's posiiton
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tntsunrise TOP tntsunrise
5 months ago
anther reason i choose the 10x is that is a good support level that i want to take profit.
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kluger tntsunrise
5 months ago
hello
i taken sell at .7633 but its going up any suggestions
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Trillionschifer
5 months ago
Like your plan. *Thumbs up* Don't mind if I do... LOL.
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Dguaman
5 months ago
Sir, could you please update this Chart :D im following this trading plan ! thank you !
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tntsunrise TOP Dguaman
5 months ago
stick with the plan.
+1 Reply
Dguaman tntsunrise
5 months ago
Ok i will , so really our tgt will be 0.7461 ? if we get it i can afford your plan for learn more about trade !! yeah ..........
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CrmGiZxMoo tntsunrise
5 months ago
Thank you
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watsonzou26
5 months ago
Still not a good enter for short at these levels(0.7660 currently). 0.772 might work, just my guess.
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gfknn5
5 months ago
short au now!!!
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tntsunrise TOP gfknn5
5 months ago
GOOD
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tntsunrise TOP
5 months ago
This Week's Video is uploaded. pls search" PROJACK" in youtube and subscribe to watch.
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watsonzou26 tntsunrise
5 months ago
Great video, very educational, Thanks Jack.
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ak1corpbusiness
5 months ago
bad analysis, doent happens just few pips
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Kenzo89 ak1corpbusiness
5 months ago
ak1corpbusiness.. you can just take partial profit when AU short in the morning and if you just put for breakeven i think you dont loss any pips too. Do not blame jack and you can no need to follow if you think the logic is not right.. plan your own trading plan and trade it. I believe with this kind of attitude keep blame ppl you wont improve your trading skill.
+3 Reply
ak1corpbusiness Kenzo89
5 months ago
ahahaha, u see what happen today?? if the people dont do it correctly i dont know, why to share it, other people copy and fail it.
+1 Reply
RamaDeda ak1corpbusiness
5 months ago
WHY? Does we hit the stop?
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ahmetnmsl
5 months ago
0.7672 seems to be a strong resistance.. and also i see we are in a time resistance too today and tomorrow.. but let s see.
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johnmad PRO
5 months ago
Your style of trading and thinking process is brilliant , just as you have your rules in place and you stick to it say's only one thing , you are well experienced , here is my thought on this pair , having 3 Wolfe Waves with targets all defined .
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johnmad PRO johnmad
5 months ago
snapshot
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tntsunrise TOP johnmad
5 months ago
thank you. wolf wave is useful!
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KelvinSs tntsunrise
5 months ago
SL trigger... but this shld be a good trade
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rist
5 months ago
stops gona stop, was great R/R anyhow
+1 Reply
Dguaman
5 months ago
I made profits Jack ! i move my SL as you always said ! thank you for this trade !
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CezaryS
5 months ago
Your asistance is very important in cases like this - I know that sometimes it must happen. Thanks.
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watsonzou26
5 months ago
Thumb up for your discipline,Jack. that is so so important.
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Zarimi_Zakaria
5 months ago
Bullish sentiment still in play on AUDUSD.
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jpctop
5 months ago
Thank you for this beautiful example of trade, with a plan, excellent ratio, a discipline!
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tntsunrise TOP jpctop
5 months ago
:)
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Trillionschifer
5 months ago
Win Some... Lose Some. On to the next one.... NZDUSD anyone?
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alanprotrader
5 months ago
GBPUSD looks like a good sell setup. Please take a look and confirm. Thanks.
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salarfeen
5 months ago
Bravo incredibly done!
Proud of you !
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IAmAgainst
5 months ago
Anybody knows if there's a fundamental reason why aud is so freakingly strong..?
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gcplau IAmAgainst
5 months ago
Global Rank GDP #3
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TanSY
5 months ago
Hit the post!
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ravi733
5 months ago
Thanks
Reply
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