tntsunrise

Educational Article: Review of the Gold Short Trade.

FX:XAUUSD   Gold / U.S. Dollar
7862 46 220
I still remember when gold             at 1366 area, a lot of ppl             questioned:
It is obviously an uptrend? why u want to short?
or:
The fundamental wont' support gold             to go down to 1200 again any more.

and now gold             is 1182.

The key thing is not whether you guess the direction correctly or not.
it is about whether u want to buy low or sell high.
I also dun know what kind of fundamental changes will drive gold             to 1200.
but i know if i short at 1366 will be the lowest risk and highest reward.

Why patterns work? Why we need to learn patterns?
Because there is no secret for the market.
the market just repeat itself in all market , all time frame, over and over again.

if you master this AB=CD plus 1.618 ext method,
some times you will be stopped out, but u just lose small money.
but if you are not stopped out, because you entered at a very good price,
ur             profit will be awsome, maybe 5 times or 10 times of your reward.

So I think now you guys understand, whether the market goes north or goes south doesnt matter, what matter is Where is the highest quality trade?

I feel happy coz my students shorted gold             above 1300 and makes nice profit.
This proves that the strategy I mastered can be passed to some one else.
More and more people will understand better of the market and master
the ability to find the good quality trade.

Again, A big thank you to TRADINGVIEW , I love to share my ideas and my thoughts here. I have met a lot of students that comes from all over the wolrd.
I have received thousands of greetings and thanks from all the Tradingview Users.

What I am doing in tradingview is simple:

Investor Education. I hope there are less people buying high and selling low due to greedy and fear.
I hope there are more people who are trading in a more systematic way.
Again:
Plan your trade, and trade your plan.
tntsunrise will not give u a fish to eat, but teach how to fishing.
Best Regards
Comment:
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Hello Jack, do you expect interest rates to go up in December?

Any idea how gold would behave if interest would go up or stay at the same level?
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many many thanks and support as always
Reply
Great, pls also tech us how to cook fish, hahaha ;)
Reply
@menyuken, HAHA. bbq is the simplest
+1 Reply
Feel Proud to be ur student, i had sell from 1182 and still holding my shorts for 1120,,, u r teaching style is simple and great,,,, full credit to u sir,,,, u r just great...thanks a lot to change my trading thinking and style..
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tntsunrise TOP yagnesh4299
@yagnesh4299, Good job yagnesh!
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Great articles and teachings! Thanks! Willy G.
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Thanks MASTER ...
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Jack, would you fib from Dec 2015 bottom to Aug 2016 top? In this case the .786 is around $1115. Is this a correct assumption? You mention a $1130 target which is different and I'm wondering why. Great job as usual!
Reply
tntsunrise TOP clearsunnysky
@clearsunnysky, u are right. 1116 is te 0.786,
Reply
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