tntsunrise
Short

Simple Trade for Gold

FX:XAUUSD   Gold/U.S. Dollar
9670 63 140
5 months ago
Simple Trade for Gold            
Trend Line broken:
which means 1h uptrend is finished.
Price Break 1347 support
so short gold             when it retest this level.

5 months ago
Trade active: Price retested this level as expected
5 months ago
Trade closed: stop reached: stopped at 1361.
it's good to exit the trade with the stop loss level.
coz if not, lose another 140 pips.
dicipline is important.
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It Means ...SELL ?
Reply
tntsunrise TOP tejavathanjithkumar
5 months ago
SHORT MEANS SELL
+1 Reply
tejavathanjithkumar tntsunrise
5 months ago
Thank you Sir ...is there any uptrend again upto 1360
Reply
tntsunrise TOP tejavathanjithkumar
5 months ago
maybe. if gold did not drop below 1307
+1 Reply
gfknn5
5 months ago
thank you Jack
Reply
ronniea8875
5 months ago
Hi Jack,Do you mean a retest to 1347 before shorting?
Reply
Praja
5 months ago
OMG.. this one is fresh from the oven!
I noticed from your study case in XAUSD, mostly in 60 minutes TF, is it the best TF to catch the best pattern for XAUSD sir? thx
+2 Reply
ibo2
5 months ago
I agree 100% with this one, and your XAGUSD analysis. I am shorting them both now (short-term).
Entered at: 1348.46. TP = 1317.00 and SL = 1357.50

Hopefully it goes well. Thank you for your analysis, Jack
Reply
deepen ibo2
5 months ago
as par which thoury .........?
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akshasuv
5 months ago
Thanks jack
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arianto
5 months ago
I trying to learn harmonics trade Jack, is it almost bullish ab=cd, from 1357.xx to 1338.xx??
Reply
IAmAgainst
5 months ago
Are you people thinking of getting out or adding more? I just added one more sell at 1355..
+1 Reply
ibo2 IAmAgainst
5 months ago
I am thinking about shorting more.
+1 Reply
IAmAgainst ibo2
5 months ago
Placed a pending order to sell at 1361.25..
Reply
deepen
5 months ago
Careful with Gold here, 2nd attempt to break its long-term trend line
+2 Reply
JigneshRathod deepen
5 months ago
somehow gold seems very strong. i am also stuck in DUST. waiting for gold to go down but not seeing any weakness here. might have to SL on DUST.
+2 Reply
JigneshRathod
5 months ago
wht do u say now? it already tested high ..now at 1356. hoping to take u turn from here. whts yr opinion here?
Reply
Farhan
5 months ago
I'm in short @ 1354.72 with SL 1359.50. Lets see !
Reply
Tenbears1979
5 months ago
I would wait for an undercut of the daily low on this one before shorting.
Reply
yukiko97 PRO
5 months ago
Hey Jack, thanks for gold trade, i am just wondering whats the SL for this trade if it goes south? Thanks
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so fast :D
Reply
ewpnx1 PRO
5 months ago
ouch ouch ouch!!!
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boozed22 PRO ewpnx1
5 months ago
Shorts are receiving their tap on the shoulder...haha - LONG
Reply
KhunHunSein
5 months ago
hey guy , will price go to 1400 ? what do u think ?
Reply
XiaJi KhunHunSein
5 months ago
i think so
Reply
flukve
5 months ago
Hi! Do you still expect a retrace?
Reply
Paul-FXTC PRO
5 months ago
Posible Long Trade On Gold
Reply
SilviuSilva PRO
5 months ago
hahaha
+1 Reply
RamaDeda SilviuSilva
5 months ago
LOL
Reply
appy PRO
5 months ago
Went long at 1343, because price flow is up. Target 1366 (reached) and 1410. Ultimately, price predicted to head towards 1555 mid term
+2 Reply
RamaDeda
5 months ago
Bullish on Gold - Daily chart
Reply
JayM
5 months ago
1380; which is 38.2% of the whole decline is a resistance. SL for any SHORTS must be above 1413. Pull back may not be that deep. 1280-1290 area is the support. This is the last time you see 12xx numbers for the gold for couple of years. After that, gold will sky rocket to 1575, breaks above will bring the price to 1800 level. BUY ample amount of golds at 1285 to not to miss the trade.
Reply
ReneK
5 months ago
So simple?! but support/resistance doesn't works. Maybe 3 out 10 times, and your account is gone .
+1 Reply
JayM ReneK
5 months ago
It is that easy!!! Use weekly Fibonacci Pivot levels on ONE hour chart. BUY at S3 and exit at R3 whenever the price hits withing next couple of weeks OR line up with one of the previous 2 weeks, and vice versa.

If S3 or R3 breaks below or above on Friday, wait for the next week S1 or R1 is the entry point for the new week.

If the price moves fast through S3 or R3 on an economic news, hold the position.

Always maintain a suitable Stop Loss.

Use at least two indicators like RSI and Money Flow Index together to identify convergence and divergence and overbought and oversold conditions.

Good Luck!
Reply
ReneK JayM
5 months ago
i understand, but don't trade with support/resistance, please!! if you see a pattern, than you trade, look at my charts. And why you following the news ?? Oke, when news comes out the chart will move fast up or down BUT IT ALWAYS move between the pattern
Reply
JayM ReneK
5 months ago
Only leading indicators are support and resistance, you can plan your trade in advance.

It takes time to develop a pattern and you already missed many good trades when you identify the pattern
Reply
ReneK JayM
5 months ago
I'll take that risk, if i see a pattern i can make a lot of pips, when i trade with support / resistance i lost many pips before i trade. We have different's trade strategy's i think… but good luck with trading :)
Reply
JooJoo PRO
5 months ago
not quite
Reply
Loii
5 months ago
$1400 :)
PERFECT CLONE GOLD BULL
Reply
erick2chill
5 months ago
looks liek you got it wrog
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tntsunrise TOP erick2chill
5 months ago
it's very simple:
if i am wrong, lose 2%
if i am right, win 4%
I am perfect OK with a wrong trade, because i can move to the next wining trade.
+1 Reply
MoneyFlowTrader
5 months ago
https://trader.motifinvesting.com/motifs/stacking-physical-silver-Mtk8wn79 up 152% as of close 7/6/16 if Gold/Silver dip this would be a great time to buy into this motif
Reply
BjornPfaff
5 months ago
gues you were so wrong man
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Comment removed.
manish101 BjornPfaff
5 months ago
No one is right all time, and Jack is really good at what he does, one of the best on Trading View
Reply
ReneK manish101
5 months ago
I'm sorry but i look at the charts of sunrise and i find out that 3/4 out 10 are write. Look at anil's charts; 8 of 10 are write !! So support and resistance doesn't works
Reply
manish101 ReneK
5 months ago
yeah and out of those 3 or 4 the risk reward will be 4x or more. So you can get 3 of them wrong and still be up.
Reply
tntsunrise TOP manish101
5 months ago
agree. risk/reward ratio is another important factor for trading.
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tntsunrise TOP ReneK
5 months ago
i published 1000+ ideas, how you find out that only 3/4 out of 10 are right? i doubt your stastics.
Please be accurate for your words ,especailly for numbers.
if you haven't made a full review of all my trades, please dont' say " 3/4 out of 10 are right"
and another thing is : is right or wrong really matter? wat if you win 9 out of 10 trades, but only win 10 usd per trade, and you lost one trade, but lose 100 usd per trade, what is the result? still lose 10 usd right?

+2 Reply
ReneK tntsunrise
5 months ago
I look at you're charts and i find out support / resistance doesn't works. It is lucky when you have it right ! Trading is; seen pattern and structure.. But we have different's trading strategy and i oke with that.
Reply
tntsunrise TOP ReneK
5 months ago
Question 1: am I a support/resistance trader?
Question 2: if the trade is stopped out, it is bad , if the trade is winning, then it is just "LUCKY"? if you think trading is a matter or lucky or unlucky, then no need to do any analysis, throw a coin will help you buy or sell, you will be losing or winning money by purely luck.
Reply
ReneK tntsunrise
5 months ago
Look at this chart, that is support / resistance
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tntsunrise TOP ReneK
5 months ago
then base on one chart, how you determine only 3/4 out of 10 is right?
Reply
tntsunrise TOP ReneK
5 months ago
question 3: have you really looked all my 1000+ ideas and make your conclusion that 3/4 out of 10 is right?
+1 Reply
ReneK tntsunrise
5 months ago
I look at the first 100 charts; 35 are good out 100. And i can look for another 900 charts but this means enough for me. Most of all are support/resistance and then means it doesn't works
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sakseeda007
5 months ago
I'm always study from your idea....thank you JACK !!!
Reply
val_trader
5 months ago
Thank you Jack, would you suggest to go LONG from here ? Or it's too late ?
Reply
tst
5 months ago
Trading view needs to rate authors by actual trades (on demo) so everyone can plainly see win loss ratio history etc.... Identifying direction is one thing but extracting money from the trades is another skill altogether.... Basically you cant make any broad statement that this trader is better or worse you can only look at the information shared and agree or disagree if you found it interesting. So bugs me that people throw out accusations to people that are just sharing information, take it or leave it but most importantly take responsibility for your own trades. Thanks for sharing tntsunrise.
+2 Reply
tntsunrise TOP tst
5 months ago
thank you ! your are right. tradingview is for sharing ideas, it is not for copy trades.
Reply
investment6300
5 months ago
snapshot

Possible dimond break also for long to 1400
Reply
sweetcheese
5 months ago
you always short oil? perma bear or what? gold is on its strongest uptrend.
Reply
IAmAgainst
5 months ago
Got tired of realizing that after getting stopped out the price would eventually retrace so this time I decided to hold them and keep selling higher, never had a such a loss for so long but it paid out..
Reply
lupino
4 months ago
hope that guy did not follow your "SHORT SELL" instruction!!
Reply
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