tntsunrise
Long

USDJPY forming TRI-ANGLE

FX:USDJPY   U.S. Dollar/Japanese Yen
13675 80 253
USDJPY             forming TRI-ANGLE

Looking to buy the bottom of this
tri-angle
or
u can buy the break out.

SL should be below 99.50
Trade active: Break out
Bought at 100.40
Comment: This is a great example how to trade consolidation.
Nice Break Up. now is 100.96
Comment:
snapshot
Comment: After Yellen's speak, USDJPY is now 102 .20

Long from 100.40, eanred 180 pips.

Are you with me?
Comment:
snapshot

Target Updated
Comment: Now is 103.50
Nice
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Thank you Jack, hope your trip to China is wonderful and exciting.
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Good observation Sir, thanks!
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bullish gartely pattern in 1h will complete~
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Jack, what if break the triangle before, we should buy ? Thanks .. :D
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As always precious insight.
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Dguaman Technician
Should we wait for the bottom? because already broke the triangle >.<
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tntsunrise TOP Technician
tks buddy
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Hi, I hardly make comments and I hope this one doesn't start an uproar but since I am truly passionate about patterns and wave structure I have taken the risk of making this comment. I am not sure if by triangle you mean EW triangle or you meant something else. But if you mean EW triangle then I think you have it incorrect. A triangle is a corrective structure and therefore will continue in the direction of the trend when it is completed. In this case the trend is down so if it is a triangle it should break to the down side . The first wave in a triangle should go against the trend and not in the direction of the trend. I am posting an shot of a classical triangle. I do hope this helps . If i misunderstood you then just ignore the comment.
snapshot
+17 Reply
anilmangal TOP anilmangal
**a shot*
+3 Reply
StevenMilward anilmangal
Thanks
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watsonzou26 anilmangal
anil,you are great!
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tntsunrise TOP anilmangal
Thank you anilmangal.
+4 Reply
tntsunrise TOP anilmangal
snapshot
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anilmangal TOP tntsunrise
Great , no one said it will not go up , I said it's not a triangle. But if boost your ego , well done!
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anilmangal TOP anilmangal
if it boast **
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tntsunrise TOP anilmangal
Not for my ego, but want to discuss with you, tri-anlge for trend continuation or reversal? or both can happen?
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tntsunrise TOP tntsunrise
quote your previous msg: A triangle is a corrective structure and therefore will continue in the direction of the trend when it is completed. In this case the trend is down so if it is a triangle it should break to the down side .
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anilmangal TOP tntsunrise
Yes a triangle is a corrective continuation pattern , that is why what you post was not a triangle ! if it was then it would have gone down not up.
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anilmangal TOP anilmangal
Check the triangle I posted .
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tntsunrise TOP anilmangal
Get it. Thanks Ani
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anilmangal TOP tntsunrise
You are welcome , sorry if any hurt feelings , just that I am very passionate when it comes to waves and patterns. I believe you are a serious trader, other wise I would not have commented.
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tntsunrise TOP anilmangal
Not At all. both of us love trading logics. its good to have your comments here. much appreciated
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caglarercan05 tntsunrise
Hi Jack & Anil I follow both of you and admire your ideas but in this discussion I agree with Jack. As Anil says triangle is corrective continuation pattern but not always %70 continuation and %30 reversal. But %100 it shows that new movement is starting. No matter its way we can involve the trend after breaking downtrend line or uptrend line


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100% short
+2 Reply
tntsunrise TOP xthandlnt1212
i hope you didnt short.
+1 Reply
vicky13 tntsunrise
great job jack
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This would be counter trend no? For this shape, I usually would only take it if it breaks out in the trend direction. Just my thoughts. Thanks for sharing!
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tntsunrise TOP tinypotatodotca
yes it is a counter trend trade, but we can observe that the trend has changed since the tri-angle is broken up.
+1 Reply
kunderko1989 tntsunrise
Jack

Thanks for the trade idea. I was watching this carefully, and shorted after the gap on market open last night, for 37 pip profit. I am back in long at 100.43.

I was initially hesitant to go long because this looked like a continuation pattern to me. What led you to believe this would head up, rather than down?

I'm fairly new to forex, and would love it if you could explain your thought process.

Thanks in advance
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tntsunrise TOP kunderko1989
for me it's quite simple, break up, u buy, break down, u short,
if break up, my sl below 99.50
if break down, my sl above the breaking canlde high
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I will wait until 97.xx bcs my charts showing a correction its not over... If you looking at eurjpy cadjpy chfjpy didn't touch yet a real potential zone at daily charts... Doesn't matter if you can hold it... Down risk is low right now..
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tntsunrise TOP Sakakikunmakio
now is 102.24 and i am in the trade, i wish u did the same
+1 Reply
Hi Jack, what is your target here? 101, or even higher? thanx
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Hit 100.96 and retraced. Observed price action on the drop and it held at around Jack's price and is wanting to move back up. The feds last week were somewhat hawkish. Price action seems to be confirming it. We'll see,
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Jack Sir., i am ur followers., but i think i wil get to shot as the same it is not fit for EW analsysis and also my prediction ., sorry to say this bcs i am ur follower., i went shot on 100.78 with target of 98.36 Sorry sir., i have to post bcs this is my view please analysis the same
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tntsunrise TOP sannasisuresh
did u exit ur short? now is 102.24
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sir., the wave we predicted is a declined wave sir.,
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Sorry sir., i made comments against u ., forgive me., that was my prediction.,
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it definitely go to atlest to 98.36
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tntsunrise TOP sannasisuresh
looks like ur definitely hit 98.36 is not going to happen, try not to use "definite" coz the market is not controlled by you
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sannasisuresh tntsunrise
Thanks sir., i learned the one best thing in this comment sir., thanks
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Sir Market done a nice retracement @ 100.028 exactly on the 61.8.
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The 99.70 goal of 102.4. thoroughly, so long is not up, we really have to wait until Friday?
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is it going to the right direction?
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Ur TP tnt ?
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Jack teacher, great
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now USDJPY is 101.759 , do you think a retracment is near ? , should we close our buy positions ?
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tntsunrise TOP GoldHunter
i have taken some profit and i still have my position.
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very, very good!!!)
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great
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Yes Jack, i joined this train 5 days ago and very much enjoying the ride. Up 190 pips now. Thank you Sir.
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fantastic!
+1 Reply
will USDJPY continue up to 104 ???
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who knows. hold ur long.
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In!! holding from 100.00
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you the best
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hi jack, yes still holding since the day the price break out from the triangle, but it suffered pull back after break out. Was a bit hesitant whether to cut loss, but lucky hold on.
This is a big margin profit at the time of posting. A few more weeks ago when it dropped to 101.00, i followed your long suggest, then it went down further to 99.95, this was when i cut loss.
But this long recovers my previous loss.
Now I am thinking whether to take partial profit at 102.5, then wait till it pull back to 101.5 then add in again. would that be ok? thanks for your advice. And thanks for the great analysis. simple and straight forward.
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u can take partial profit and let rest of position run
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Juliuszen tntsunrise
thanks for advice
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True Master, I entered long at 100.09 following your chart. Sweet lovely profit so far. I wished i added another long position at 100.05. Thanks
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still some short deal
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still hold
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Hello, long now?
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tntsunrise TOP RulonMarket
too late.
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great view!
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Great Job, are we looking for the price to come back and hit 0.38 Fib?
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well done ,jack.
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You have a great eye on the market (y) most of the things we don't see and you can easily point them out (y) expertise lvl 9999. Bravo and thanks!
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Guys, I have uploaded this week's thoughts: 45 mins
https://youtu.be/3RBBpnr7e7U
+2 Reply
Hi Jack im up 180 pips. Your thoughts on going further long ??
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snapshot
+1 Reply
waiyuen tntsunrise
thanks. now I have a target ;)
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Batman-oz tntsunrise
Thank you Sir, yes i took 2 long trades, well one, and then the second after a little while and still both doing well. Both pips total now 130 pips. Thank you Jack.
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https://www.facebook.com/photo.php?fbid=198666213885894&set=a.102257353526781.1073741828.100012275491970&type=3&theater
Check this for live trading result for this usdjpy trade
+1 Reply
Are you looking to short from 104?. We have that potential AB=CD + 1.618 ext.
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tntsunrise TOP MartinKirkelundLedet
not really. i want to hold my usdjpy for long time
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Jack, I truly learnt a lot from this idea and it's potential! Thanks so much and hope to see you soon!
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hello jack

what is the likely forcast of NPF to USDJPY today. could the news make USD stonger or weak?
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hello jack

what do you think could be the NFP forecast on USDJPY today?

do you think is USDJPY will go up more or go down?

if go up what is the next TP for USDJPY

what do you think the next TP for oil?
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