tntsunrise
Short

Simple Trade for Gold

FX:XAUUSD   Gold / U.S. Dollar
9685 63 140
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.

Trade active: Price retested this level as expected
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 ?
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tntsunrise TOP tejavathanjithkumar
SHORT MEANS SELL
+1 Reply
Thank you Sir ...is there any uptrend again upto 1360
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tntsunrise TOP tejavathanjithkumar
maybe. if gold did not drop below 1307
+1 Reply
thank you Jack
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Hi Jack,Do you mean a retest to 1347 before shorting?
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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
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
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as par which thoury .........?
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Thanks jack
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I trying to learn harmonics trade Jack, is it almost bullish ab=cd, from 1357.xx to 1338.xx??
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Are you people thinking of getting out or adding more? I just added one more sell at 1355..
+1 Reply
ibo2 IAmAgainst
I am thinking about shorting more.
+1 Reply
Placed a pending order to sell at 1361.25..
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Careful with Gold here, 2nd attempt to break its long-term trend line
+2 Reply
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
wht do u say now? it already tested high ..now at 1356. hoping to take u turn from here. whts yr opinion here?
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I'm in short @ 1354.72 with SL 1359.50. Lets see !
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I would wait for an undercut of the daily low on this one before shorting.
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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
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ouch ouch ouch!!!
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Shorts are receiving their tap on the shoulder...haha - LONG
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hey guy , will price go to 1400 ? what do u think ?
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XiaJi KhunHunSein
i think so
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Hi! Do you still expect a retrace?
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hahaha
+1 Reply
RamaDeda SilviuSilva
LOL
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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
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.
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So simple?! but support/resistance doesn't works. Maybe 3 out 10 times, and your account is gone .
+1 Reply
JayM ReneK
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!
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ReneK JayM
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
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JayM ReneK
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
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ReneK JayM
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 :)
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not quite
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$1400 :)
PERFECT CLONE GOLD BULL
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looks liek you got it wrog
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tntsunrise TOP erick2chill
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
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
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gues you were so wrong man
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Comment removed.
manish101 BjornPfaff
No one is right all time, and Jack is really good at what he does, one of the best on Trading View
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ReneK manish101
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
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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.
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agree. risk/reward ratio is another important factor for trading.
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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
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.
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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.
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ReneK tntsunrise
Look at this chart, that is support / resistance
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then base on one chart, how you determine only 3/4 out of 10 is right?
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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
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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I'm always study from your idea....thank you JACK !!!
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Thank you Jack, would you suggest to go LONG from here ? Or it's too late ?
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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
thank you ! your are right. tradingview is for sharing ideas, it is not for copy trades.
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snapshot

Possible dimond break also for long to 1400
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you always short oil? perma bear or what? gold is on its strongest uptrend.
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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..
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hope that guy did not follow your "SHORT SELL" instruction!!
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