tntsunrise

Educational Article: Review of the Gold Short Trade.

FX:XAUUSD   Gold / U.S. Dollar
7854 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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good job ! :D
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Great job!
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Jack, your selfless sharing of your approaches is so very much appreciated.
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@htgroup1, thank you!
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Thanks for all Jack, and keep doing this wonderful job!
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I'm so in love with your style. So simple yet so effective. I'm learning a lot from every idea you share, and earning from the knowledge I get. Thank you sir, keep up the good work.
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@nhlevi, :) same to u
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CONGRATZ MASTER, YOUR STUDENT IS HUMBLED ONCE AGAIN! OH GREATE SIFU!!
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Thank you! And I appreciate what you are doing.
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SUPPER MAN :))
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!!!!!!!!!!!!!!!!!!!!
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As I said before, Jack, you have a amazing work!
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tntsunrise TOP watsonzou26
@watsonzou26, tks man
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Hi jack. What make you confident market will break 1200 since the support structure quite strong for me. But I still consider your warning and hedge short at 1230. The best thing is my long position at 1203 hit lock profit and the short heading to my support 1184. Exit like a champ. Thank you for nice sharing info.
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tntsunrise TOP saint_athur
@saint_athur, The reason is simple. after many times of test, the buying order at 1200 level will become fewer and fewer. and the moment the willing buyers order are all "eat" by the sellers, the price just move down very quickly. that is we call the supply exceed the damand.
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TheWave tntsunrise
@tntsunrise, Let's see if this same theory applies to oil this time around at $48-49
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Jack, you posted in your chart 2 hours ago that you thought would go as low as $1130 in early 2017. Has your opinion changed?
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tntsunrise TOP Paulkennedy
@Paulkennedy, no. my view for the gold is still the same. 1130 - 1100 is likely to reach
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Paulkennedy tntsunrise
@tntsunrise, Thank you very much for your insight. You are doing a great job Jack.
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Great jobs Jack !
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Jack I like this article, and I like your video signal vs logic!
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@Calamity, TKS
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Thanks Jack for sharing, I'm still short with you
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@Gibster, WOW. THATS A LOT OF PROFIT!
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Hi Jack;
First; thank you for your perfect support and advice that guide me in that labyrinth.
What do you think on below chart if you compare your huge cypher patern chart?

Best Regards


snapshot

snapshot
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@C_E_M_1, this pattern is wrong. the C point is not yet coming.
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C_E_M_1 tntsunrise
@tntsunrise, thank you for your time to reply my question.
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Have a Happy Thanksgiving Jack. All of us here should be grateful for having a teacher like you here on TradingView. Cheers to many more profitable trades.
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Thanks Jack, lets go fishing
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Thank you Jack!
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Thanks for everything you share... much appreciated !!
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I have to wait a pattern PZR to enter or to guess what the next to enter?
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Thank you for taking time to share and even explain your thought process , i appreciate all your effort .

Now that we have possible resistance with an AB=CD Leg completion will you agree that we could look for up trend targets with an AB=CD as well as a 161,8 Fib extension ?
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thanks for your sharing. Great master!
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Nice trade
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Great! Thank you, Jack!
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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!
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tntsunrise TOP clearsunnysky
@clearsunnysky, u are right. 1116 is te 0.786,
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Thanks MASTER ...
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Great articles and teachings! Thanks! Willy G.
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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, pls also tech us how to cook fish, hahaha ;)
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@menyuken, HAHA. bbq is the simplest
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many many thanks and support as always
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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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