tntsunrise
Short

USDCAD BREAKS THE TREND LINE

FX:USDCAD   U.S. Dollar/Canadian Dollar
9801 92 226
USDCAD             BREAKS THE TREND LINE
time to short

pay attention to the zone i marked.
wait for price to retest and short
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Comment: Pay attention to 1.3157
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Thanks Jack
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drill lupino
This one;

USDCAD Simple Trade


Click the "Load new bars" button.
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USDCAD Sell this wedge
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USDCAD
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i give you two. happy?
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Mx70 lupino
Mr....we are here to share & learn. I followed Jack for last 2 years or so. He is a very generous & excellent trader who willing to share. He doesn't deserve your 'weird comments'.
He has been achieving many excellent trades from my time of following & learning from him. Sure he has few trades no working out....but we all do. He always mentions waits for price action...In his case, we are still waiting ....so what exactly your problem?
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Thank you and i dont think he understand his problem
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__ARi__ lupino
you don't have to follow him. One thing Forex is hard to predict movment of the price. I follow him just to learn how other expirinced traders think.
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my eyes are widly opened, low bows.
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well done!
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nexpert lupino
You must be kidding. Harmonic patterns are considered valid, once completed. The pattern in this chart was following the rules of a Bat pattern, but DID NOT complete. price reversed. What do you think he is? A robot from future who is here to teach trading and must give you laser targeted trade signals? It was not a losing trade and no one should've lost any money on this trade, because it was not triggered. However, if anyone was idiot enough to go short thinking that it WILL fall to that yellow line; I can't say much.

I believe, everyone has his own opinion and freedom to choose who to follow. Whoever decides to follow a trader does so after testing all of the previous ones (don't they?) and losing trades are part of trading.

Besides, he is not asking you to jump on the trade. Learn to trade yourself, so you don't need to follow anyone. People will probably follow you, if you know how to trade.
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TWFX nexpert
How much do you want to bet he bought at market looking to ride it down to the buy zone? haha
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Dooki lupino
I think you are still in the very beginning of your learning process.. tntsunrise is one of the most generous traders on Tradingview, But you have to able to read his charts.
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Looks Like he blames me because the BAT pattern is not completed. lol
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ashif030 tntsunrise
lol....
Do not waste your time to give him any reply....
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Marvin nexpert
Well said mate, well said.
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watch the description carefully!! I say: the entry is around 1.2545, which means, if price go there i want to buy. how can u lose money for this trade?
tell me, how could your order be filled if you placed a limit buy at 1.2545? it is never filled.
if don't lose a single cent and you come here to complain, please dun waste your time. Go back and learn what is a limited order.
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lupino tntsunrise
what is the meaning "it give us the chance to trade a potential higher low?" if I read your description I will short from there.. there are more then 2000 pips before Long ...... no need to go back and study the limit order thanks anyway for the advise
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It looks like you dun understand english? "Trade a higher low" means you can buy the low, why you have your descrpition that you can short there? did I say any word of "SHORT" ? You dont even has a basic understanding of trading : BUY LOW SELL HIGH.
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These are ideas! do not need to be 100% correct, always use SL and be responsible for your loss!
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This is my last warning: stop making thoese kind of statement which is not true. "no one is correct" ---obvisouly there are a lot of them. Be Honest, Don't Lie and don't misguide other people.
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Just ignore the guy, Jack. I think he just want to find trouble on you.
I'll report this man until he stop it. LOL
and your ideas are really good. I'll keep learning from tradingview.
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tntsunrise TOP mnaANALYSIS
thank you
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Weak employment data coming out of the states will help fuel this, however, if oil continues to fall as it is, the Canadian dollar will weaken just as much.
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Thanks Jack.
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Looks bullish though and in a daily channel, I bought at 130.400 on the 0.618 fib from the double bottom this morning....also on weekly chart we have ascending triangles, looking to break up from 131.00, I've moved my long to a break even just in case the short idea works out
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tntsunrise TOP Trendhopper
good job
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NICE ! Thanks Jack !
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Watching. 1.3115 looks good to me it being the 1.618 from the last drop. Thanks man.
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time to short now
thank jack
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is time? >.<
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Nice job Jack. The price responded precisely in the yellow zone you draw on the chart so far. I have an important educational question for you. How do you handle the market correlations? For example, on one hand, we are shorting USD/CAD. This market normally has negative correlation with Oil prices because Canada is a major oil and gas producer. On the other hand, you predicted in your video that oil price will continue going down to 35-38 levels. Please share your thought as I'm shorting oil right now in the same account. Theatrically it is confusing to short both oil and USD/CAD.

As always thank you for your effort. You are a great coach and I benefit a lot from your "trading logic"!!!
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great. pay attention to the hourly closing.
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dont be confused. now the oil and usdcad's correlation is not very strong. both the trade could be right.follow the trading plan accordingly.
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pete_hef tntsunrise
This was exactly what my concern has been also. Thank you for info.
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u can use the compare function from tradingview to compare usoil and usdcad together
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always treat every pair unique.
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Hi Jack, just to understand better, what was the logic behind the two points you chose to draw the trendline? They seem kind of arbitrary to me, what am I missing?
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tntsunrise TOP IAmAgainst
i choose two very strong support lows
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watsonzou26 tntsunrise
I am very confused between usoil and usd/cad, one of them must be wrong.
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watsonzou26 watsonzou26
if usd/cad breaks up 1.3125, i see usd pops up.
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tntsunrise TOP watsonzou26
you are right
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Hi, Jack

Another question. I just noticed that most of your trading ideas are based on 1H/4H charts. Do you believe that larger time frame setup such as daily/weekly will be more accurate? For example, USD/CAD has broken upward trend line on 4H chart, but it is still in the uptrend channel on daily chart. The traders working on 1H/4H charts may want to short now, but the swing traders on daily chart may decide to hold the position to ride the trend.

Please share your wisdom about multi time frame analysis. The pros/cons to work on 1H/4H charts.

Thank you again!!!
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mnwind mnwind
BTW, FYI, I usually only watch End of Day chart for ~30 minutes a day due to busy work schedule here in Minnesota. I'm able to spend more time recently to watch 1H/4H charts due to work project changes. But I will have to go back to daily chart soon once new projects kicks off in my company. That is why I ask you this question.
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Obviously daily chart is more accurate than 1hr or 4hrs chart. I am wondering if Jack enters his short. Curious. Hope to see his updating chart if possible.
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U must your High Low Time frame to trade both: meaning looking at the big picture but use lower time frame to find the best entry. you dont want to enter a weekly chart directly coz the stop loss will be so big
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Hi Jack, where do you place your fibonacci points when making your calculations and is there a minimum amount like a hundred pips at least? For instance on the 4hr I plotted 1.28542 and 1.32540 and got a 38.2 tracement of 1.3099. Thanx. Got in at the suggested zone of your fib retracement. It got there.
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NOT REALY
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Has anyone entered this trade short?
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tntsunrise TOP Newmans.Analysis
not yet
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Any particular price zone you are looking to enter short in?
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tntsunrise TOP Newmans.Analysis
the 0.618
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sbbi98 tntsunrise
0.618 is above the "restest" area. it is kind of different from the original idea. sorry for being frank. thanks.
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yes you are right. it is the next level i am going to watch for my trade.
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sbbi98 tntsunrise
just wonder why it did not trigger you to short when the price action hit the "restest" area? was it too strong so it pierced that level without hesitation? thanks.
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no bearish candles appear
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yeah it is different and that's why i update the charts,
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weak USD/CAD = oil price up
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Yuyu327 PRO isaac312
why? weak USD/CAD= oil price up
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Yuyu327 PRO isaac312
because Canada produce oil?
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OIL UP, CAD UP, WHICH MEANS USDCAD DOWN
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if doesnt break we short right?
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Dguaman Dguaman
I mean if doesnt break up .. now we are in the sell zone ; waiting for a signal right Jack?
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Thanks :)

can i sell from 1.3157 or wait ?
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tntsunrise TOP ahmedraslan29
yeah watch the price action first
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ahmedraslan29 tntsunrise
OK thanks a lot :)
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I got in at the sell zone and your not in yet. What did I miss.
to wait for the bearish candle when in the sell zone or above it, is that it?
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Looks like a battle between the 50% and 61.8 fib area now 1.305 = 1.308, im favouring the bulls, purely on longer time frame (Daily/Weekly), I have a long with take profit at 1.325......
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we can short again now?
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very beautyful pattern same as your advice now

perfect!
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good job
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I am in from 1.3093. I putted a pending order last night. Thanks to share
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@tntsunrise...i really payed attention to the USDCAD breakline and its really getting some benjysss to my pocket. thanks brother.....
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tntsunrise TOP adetimilehin
WELCOME! IF you think mine method is good, welcome to my course. http://harmonicasia.com/pro-trader-course/
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Same here. I got in around 1.313.....hope for a waterfall. LOL
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Good morning from Iowa, USA. I just woke up early and checked this right away. The price action is bearish and just left the upward resistance zone. I waited for a pullback on the 1 minute chart and went short. My trade is now profitable with a stop loss in place. Per Jack's system, I will now get one of four results here (small loss, break even, small gain, or big gain). With a further favorable move, I could change my stop loss or use a trailing stop loss so there will be only two results (small gain or big gain), There is no right or wrong here. There is no need for emotions (be happy when it goes well, don't get upset if it doesn't, just go to the next trade). It is only probabilities.
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great. u can tp half
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I'm in at 1.3129, thanks Jack!
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Pretty good idea jack, and what's ur target for trade?
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People pleaaasseee !! Keep it simple, wait for breakout ! If you in de trade, don't let it go to 1,27 what sunrise says, just wait for breakout. He makes a correction now. GOOD LUCK
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Thats a very skilled entry JAck, on the pullback....beautiful....
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Hey Jack, what do you consider a good pullback entry? Wait price action at that level?
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VForex VForex
Dollar might show strength at small timeframe too
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Its undecide buill or bear??? Looks like it will now go sideways in a symmettrical triangle for a day or 2, trade with the break out
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Bucky at mercy of others atm.
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Will down?
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should short again now or not ?
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CAD long now Jack? it seems structure changed~
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Any updates to what happens when the trend seems to have broken quite hard like this?
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Thanks alot any update please
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Hi Jack and other experienced traders, I was just tolled that USD/CAD and Oil have a negative correlation. If this is correct and I understand right if Oil is going up USD/CAD suppost to go down and if Oil goes down USD/CAD is going up? and somehow I could use this to reduce my risk when trading oil. So if I go short in Oil I would go short in USD/CAD so that if Oil goes long instead of short this would reduce my losses? Possibly there is and expert here that can explain this better?
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