tntsunrise
Short

AUDUSD TRADING PLAN EXAMPLE

FX:AUDUSD   Australian Dollar/U.S. Dollar
19106 137 318
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.


Comment: For a Complete Trading Plan, Please include:

Reasons to Enter

Entry
SL:
TARGET
Risk/Reward
Lot Size
Comment:
snapshot

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

PULL BACK RETEST
Comment:
snapshot
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.
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nice!
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Hi Jack! Wesley here. I got this AB=CD idea
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need to see the price break the B then u can use AB=CD
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snapshot
+1 Reply
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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yes.
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Pefect! Entry is also 2.0 reverse EXT. I went short last night based on the Bat. A little earlier.
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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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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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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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gr8 explanation Jack..
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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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10K account, 200 usd is 2%
+3 Reply
Batman-oz tntsunrise
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
One day when i have enough money would love to come to Singapore to join your course.
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RJLeo82 PRO Batman-oz
@Batman-oz, I am on day 1 of Jack's course after following him for months on Tradingview and youtube and I can assure you it will not disappoint, I highly recommend it! Happy trading!
+1 Reply
NO NEED TO COME TO SINGAPORE, YOU CAN LEARN IT FROM HOME
+3 Reply
kluger tntsunrise
how its possible? any website
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Clieck the feed back on tradingview's help page
+1 Reply
StevenMilward Batman-oz
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
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
Yeah i agree.
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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
sure. thank you. Being right or wrong doesnt matter, making big profit or small loss is important.
+3 Reply
watsonzou26 tntsunrise
I concur. Thanks Jack.
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gcplau PRO tntsunrise
Agree and thanks for constant reminding...hopefully that's the beauty of Harmonic Patterns as well....high R/R.
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Are you considering tomorrow's NFP in that analysis ?
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https://youtu.be/-faVnyCP-o8?list=PLN0GYK-_EO5Z3Xzp6Sk1bmfzckpkJ5NCx
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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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For this trade, u can take half when u have 100 pips
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https://youtu.be/-faVnyCP-o8?list=PLN0GYK-_EO5Z3Xzp6Sk1bmfzckpkJ5NCx
+1 Reply
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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Neither the USD Unemployment Rate nor USD Change in Non-farm Payrolls releasing today can affect this??? :/
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yes it can. and it help us make money
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Thanks Jack
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Great work sir...........Great call!!!
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you are still perfect Jack!
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That sudden rejection really scared me.. it's curious that it didn't happen in other USD pairs.
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Great work Jack, Thank you very much!!!!!
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It was too nice!
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this is incredible !
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KelvinSs BoyBermSupasit
do you think it may drop to 0.75 today?
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MAY NOT BE TODAY. WHO CARES. JUST HOLD UR SHORT
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hard to trade this last PA.
I am happy that I traded your SHORT XAU (as both corr.'ed)
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congrats
+1 Reply
watsonzou26 tntsunrise
Great job,Jack!
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gud call Jack..
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jack this went great!! awesome analysis like always!! thanks for sharing!
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Hi Jack, can you please briefly explain on which criteria you chose the TP @ 0.7461
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tntsunrise TOP Fibronacci
10 tims of risk
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Fibronacci tntsunrise
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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how can i learn this kind of trading
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tntsunrise TOP TemurBurhonov
http://harmonicasia.com/pro-trader-course/
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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
i won't worry.
+1 Reply
johnmad PRO tntsunrise
Like the way you think .
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Good trade!
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This was an absolutely super perfect !!!
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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
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
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
thank you
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waw that's sick broo amazing
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Shall we sell when the market open , or we wait till you advise?
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the trade is already opened before NFP, why should you sell the market open?
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kaysso tntsunrise
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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dun assume that there is always a re-entry point if you missed the best one.
+1 Reply
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
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
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
Great!
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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
MBS
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Hmmm.... what are your ten rules?
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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
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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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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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
I bought at 100.80
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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
valid. there is no what if, we got stop loss to protect our trade.
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StevenCheok tntsunrise
Hi Jack, is your setup considering nzd cut rate as well? Which may drag aud down together?
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Just joined the short at 0.76305.

thanks
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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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hi jack..is it the right time to add to short..?
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no
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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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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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I still think this will come to 0.7750 for a bearish bat pattern, SL 0.7840.
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hello sir

is the trade still active or not ?
ty

+1 Reply
thundercrypt sultandefalla
I think it is, just put the stop and r/r will be even greater.
+1 Reply
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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snapshot

how do you think this one, Jack? 0.77700
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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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Jack Are you holding this short or closed ??? i missed that trade firstly but can i do it now ??
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yes u can. i am still in. didnt touch my sl
+1 Reply
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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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
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
hello
i taken sell at .7633 but its going up any suggestions
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Like your plan. *Thumbs up* Don't mind if I do... LOL.
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Sir, could you please update this Chart :D im following this trading plan ! thank you !
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stick with the plan.
+1 Reply
Dguaman tntsunrise
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
Thank you
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Still not a good enter for short at these levels(0.7660 currently). 0.772 might work, just my guess.
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short au now!!!
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GOOD
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This Week's Video is uploaded. pls search" PROJACK" in youtube and subscribe to watch.
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watsonzou26 tntsunrise
Great video, very educational, Thanks Jack.
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bad analysis, doent happens just few pips
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Kenzo89 ak1corpbusiness
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
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
WHY? Does we hit the stop?
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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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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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snapshot
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thank you. wolf wave is useful!
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KelvinSs tntsunrise
SL trigger... but this shld be a good trade
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stops gona stop, was great R/R anyhow
+1 Reply
I made profits Jack ! i move my SL as you always said ! thank you for this trade !
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Your asistance is very important in cases like this - I know that sometimes it must happen. Thanks.
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Thumb up for your discipline,Jack. that is so so important.
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Bullish sentiment still in play on AUDUSD.
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Thank you for this beautiful example of trade, with a plan, excellent ratio, a discipline!
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:)
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Win Some... Lose Some. On to the next one.... NZDUSD anyone?
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GBPUSD looks like a good sell setup. Please take a look and confirm. Thanks.
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Bravo incredibly done!
Proud of you !
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Anybody knows if there's a fundamental reason why aud is so freakingly strong..?
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gcplau PRO IAmAgainst
Global Rank GDP #3
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Hit the post!
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Thanks
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