tntsunrise
Long

GOLD 1H AB=CD Buy Set Up.

FX:XAUUSD   Gold/U.S. Dollar
14612 156 258
6 months ago
GOLD             1H AB=CD Buy Set Up.

1200-1205 is daily support level.
I will be interested to this 1H AB=CD pattern
to Buy Gold             .

SL: 1198
TP1: 1213
TP2: 1221
6 months ago
Comment:
snapshot
6 months ago
Comment: Entered at 1200
Now is 1204
Already 40pips
6 months ago
Comment: +70 pips
6 months ago
Comment: AB=CD Pattern
Follows by a 2618 Trade Set up.
Already take partial profit when gold rally to 1210
and win 100 pips!
I am going to look at the price action of the 1204 level
If gold find support at this level,
then I will enter for another long position and trade
this 2618.
As long as Gold not making a lower low than 1199.71.
this trade set up is valid.
6 months ago
Comment:
snapshot
6 months ago
Comment: First Target Hit!
+130 pips!
Remember to take partial profit guys.
and let the rest of position run!
that's how we trade AB=CD pattern.
6 months ago
Comment:
snapshot
6 months ago
Comment: this week's webinar time:
thursday June 2nd, 22:00-23:00, UTC+8,
http://www.yy.com/15565863
NYK 10 AM
LONDON 4 PM
6 months ago
Comment:
snapshot
6 months ago
Comment: Now is 1219, almost hit our target two!
+190 pips
6 months ago
Comment:
snapshot
6 months ago
Comment:
snapshot

Nice Price Action
6 months ago
Comment:
snapshot

2ND TARGET HIT!
Power of AB=CD
6 months ago
Trade closed: target reached:
snapshot

Closed all long position from 1200
6 months ago
Comment:
snapshot
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ahmednasih27
6 months ago
Sir what is ur entry
Reply
tntsunrise TOP ahmednasih27
6 months ago
already in the chart.
the AB=CD complete point
+3 Reply
nnavarrete PRO tntsunrise
6 months ago
Hey sure,

After reviewing multiple charts on this site I would like to know what is your opinion on the possibility for a bounce to 1230 - 1240 this week. USA markets are close today. I went long using JNUG on Friday. Gold dropped a lot over night. Would you be able to provide some advise and maybe a prediction for the price of Gold for US market open tomorrow?
Reply
tntsunrise TOP nnavarrete
6 months ago
already in the chart.
+2 Reply
wangbujun
6 months ago
good chart,good luck to me!
Reply
mchilado
6 months ago
Thanks for this Jack!
Reply
hyjbh
6 months ago
hi Jack, could you advise what SL and TP stand for? Thanks
Reply
-Andrew- PRO hyjbh
6 months ago
Stop Loss and Take Profit hyjbh
+1 Reply
hyjbh -Andrew-
6 months ago
got it, thanks buddy
Reply
ashif030 hyjbh
6 months ago
SL= STOP LOSS
TP= TAKE PROFIT
+2 Reply
hyjbh ashif030
6 months ago
got it, thanks buddy
Reply
forexmech
6 months ago
Thanks Jack
Reply
Comment removed
SmilingSword Loii
6 months ago
See now....

Reply
tntsunrise TOP SmilingSword
6 months ago
yeah. 1244 hah
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DipenBarot
6 months ago
1200.........? we will take entry
Reply
noel29
6 months ago
bought at 1202.50.. it start moving already in 200 dollar profit..thank you jack
Reply
tntsunrise TOP noel29
6 months ago
Goog job
Reply
noel29 tntsunrise
6 months ago
can u able to load again your second webinar because the audio was not there after 40 min in you tube
Reply
tntsunrise TOP noel29
6 months ago
sorry that is due to techincal issue. the mic is not working. there is nothig i can do about the no sound part.
Reply
Hypersoft
6 months ago
amazing like always...thx jack
Reply
tntsunrise TOP Hypersoft
6 months ago
welcome
Reply
Mr.Js
6 months ago
Mr.Jack, I want to ask This uptrend is correction right ? because The major trend is going down ..
Reply
tntsunrise TOP Mr.Js
6 months ago
yes. it will be a correction. but this correction may rally 20 dollar
Reply
Mr.Js tntsunrise
6 months ago
I was at 1205, thats I like following you Mr.Jack tks ..
Reply
tntsunrise TOP Mr.Js
6 months ago
welcome.
Reply
mchilado
6 months ago
I'm in at 1200.50 too thanks
Reply
tntsunrise TOP mchilado
6 months ago
good job
Reply
Dps
6 months ago
Good call Jack..already in the trade..
Reply
Flazedude
6 months ago
im in too. 1206
Reply
IgorK
6 months ago
I'm from 1202.83 - good job!))
Reply
Pietro82
6 months ago
man you re like a sniper XD
Reply
DipenBarot
6 months ago
u gam of person sir like master in gold hest off sir
Reply
BjornPfaff
6 months ago
Better close your longs now 70+ pips is more then enough for this short rally
Reply
tntsunrise TOP BjornPfaff
6 months ago
I take partial profit when it is +100 pips
Reply
tntsunrise TOP BjornPfaff
6 months ago
but i will keep my remaining position to target one and target two
Reply
Decent_Ape
6 months ago
50% ROI thanks Jack :)
Reply
tntsunrise TOP Decent_Ape
6 months ago
good.
but u seemed to be overtrade,
Reply
Decent_Ape tntsunrise
6 months ago
What is your ideal roi per trade?
Reply
tntsunrise TOP Decent_Ape
6 months ago
2% risk, 4% reward, 1:2 is good enough
+2 Reply
copydrbij PRO
6 months ago
how bout this median as target?
snapshot
Reply
gLloW PRO copydrbij
6 months ago
the high 1230s is my target. there is a downward channel and the weekly wave is in a strong down turn. this is a bounce that will only last a few days while the dollar has a minor pullback.
snapshot

+3 Reply
tntsunrise TOP gLloW
6 months ago
yup
+1 Reply
copydrbij PRO tntsunrise
6 months ago
and look where it went! my sell order just got hit there :)
Reply
DenverNugt copydrbij
6 months ago
I love to see that : )
Reply
BjornPfaff
6 months ago
You see .. 70+ pips was more then enough, don't hold for to long or u will get burned
Reply
tntsunrise TOP BjornPfaff
6 months ago
you see now is 1209 again. 1h trend is up.
Reply
BjornPfaff
6 months ago
So .. where is your 100 pips ? Pls don't u see this is a beartrend ... if you trade for so many years you need to see that a correction is impossible in this situation
+1 Reply
leeeon BjornPfaff
6 months ago
No offence, but saying that something is impossible in forex market is not clever. Re-testing an important support level is a common thing.
+1 Reply
BjornPfaff leeeon
6 months ago
With all do respect , we are here for the same reason , im not here to say the opposite, only want to mention how the trend goes. We have to many Commercial shorts in the game, keep that in mind. Thanks
Reply
tntsunrise TOP BjornPfaff
6 months ago
Yeah. Thank you. appreciated. you can check my previous chart, I shorted gold since 1300, added position at 1285.70, added again at 1256, today i just take 90% profit of the short position. I am willing to short gold higher, not here, buy somewhere about 1243.
+1 Reply
tntsunrise TOP BjornPfaff
6 months ago
First Target Hit
+1 Reply
tntsunrise TOP BjornPfaff
6 months ago
you see. trend can be changed. now gold is 1241.
Reply
tntsunrise TOP tntsunrise
6 months ago
snapshot
Reply
tntsunrise TOP BjornPfaff
6 months ago
partial profit taking. a very common strategy to mange the position.
Reply
tntsunrise TOP BjornPfaff
6 months ago
gold did rally to 1210.45 and I book partial profit of this 100 pips. I will keep my remaining position Break Even and they may make 200 to 1221. worst situation is break even. so why not?
+1 Reply
Renegade7 tntsunrise
6 months ago
To understand the ab=bc pattern in my mind so I can see it clearly is that like a W pattern for a bull and M for a bear looking at it in another way. I can see an M or a W forming better if I can conceptualize it like that or are the W and M patterns different things. Thanx
Reply
tntsunrise TOP BjornPfaff
6 months ago
God ' Daily trend: bearish. Weekly Trend, still Bulish. Monthly Trend: Bearish Again. which one should us follow?
Trend can be changed. you may see a very bullish trend in daily chart, however it may be just a correction wave after an strong impulsive wave in weekly chart. and then the daily trend reversed and the original bearish trend continues and it is more stronger than the correction wave.
there are strategy for trend continuation and counter trend. We make use of them for different senarios.
If i am a trend follower, I want to short gold at 1243, for trend continuation trade.
If I am a counter trend follower, I use this AB=CD pattern to trade for a potential reversal.
Whether we buy or we sell doesn't matter. What matters is we need to have a plan!
As long as there is a proper trading plan, then it's OK to excute the trade. if i win, i win 4%, if i lose, i lose 2%.
I don't need a wining ratio of 50% to be profitalbe. a wining ratios which is higher than 34% will do.
+6 Reply
tntsunrise TOP tntsunrise
6 months ago
sory. GOLD , not GOD. typo error
+3 Reply
tntsunrise TOP BjornPfaff
6 months ago
Now is 1219, almost hit our target two!
+190 pips
Still think the correction is impossible for this case?
Reply
tntsunrise TOP BjornPfaff
6 months ago
Since I trade for so many years, i know this kind of correcction is very possible.
Reply
sbeavis PRO
6 months ago
Hi Mr Jack, are you saying gold will go to 2618?? That's a lot of pips!!
Reply
tntsunrise TOP sbeavis
6 months ago
NO. 2618 is a strategy
+1 Reply
sbeavis PRO tntsunrise
6 months ago
I was pulling your leg, but thanks for making sure I wasn't about to blow my entire life savings. (Smiley face!)
Reply
FKHo PRO
6 months ago
Jack, is this setup is a divergence pattern as well?
Reply
tntsunrise TOP FKHo
6 months ago
YES. RSI divergence
+1 Reply
sititin
6 months ago
hi jack. for the remaining portion. do you just place sl as breakeven? or do you aggressively move sl up? thanks for the insight.
+1 Reply
tntsunrise TOP sititin
6 months ago
Break even. for the largest tolerance so that i won't be shaken out
+1 Reply
mp4mp5
6 months ago
jack when you said SL: 1198 TP1: 1213 TP2: 1221, did you mean you have entered 2 position from 1200?
Reply
tntsunrise TOP mp4mp5
6 months ago
no.i enter only one. then just do partial profit taking. by close partial of the position.
Reply
tntsunrise TOP mp4mp5
6 months ago
FOR example i enter 0.5 lot, i can close 0.2 at TP1, and close the rest of 0.3 at TP2
Reply
mp4mp5 tntsunrise
6 months ago
my metatrader4 cant take partial profit...
Reply
tntsunrise TOP mp4mp5
6 months ago
yes you can. you just dont know how to do it.
here is the tutorial, i just use google seach and find it:
https://www.vantagefx.com/support/mt4-help-support/how-to-do-a-partial-close/
Reply
mp4mp5 tntsunrise
6 months ago
Thx Jack!!
Reply
annur5579 tntsunrise
6 months ago
thanks jack!!!
Reply
arianto
6 months ago
Jack I bought minimum lot so can't sell for partial profit, looking at the hourly chart, it seems there is possible retracement at 1213, is it correct? If not where is the possible retracement, and to where (should we use fibonacci or watch the chart)? I want to re-enter when the price retrace. Thank you Jack.
Reply
tntsunrise TOP arianto
6 months ago
if you onl have the minimum lot then can't partial. u can tp now.
Reply
arianto tntsunrise
6 months ago
I mean I have tp but I want to use retracement to enter again and aim for tp2, where can I re-enter? Or in this case is it not good to re-enter due to no good SL to TP ratio?
Reply
arianto tntsunrise
6 months ago
Finally I re-enter at 1209.40, on to 1221... Hopefuly... :)
Reply
arianto tntsunrise
6 months ago
Jack, is it true that EURGBP shows AB=CD pattern on weekly chart? I'm trying to spot this pattern, need your opinion. Thank you.
Reply
nahidik PRO
6 months ago
Great trade Jack. You are an inspiration.
+1 Reply
Mr.Js
6 months ago
Good Job
Reply
hanikad
6 months ago
What do you think, Mr. entering now in the direction of the second goal
Reply
Hypersoft
6 months ago
Once again...you rock Jack :) many thanks for your analysis, I still learn here, hope one day can be like you...
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tntsunrise TOP Hypersoft
6 months ago
sure. u may consider to take my course. and you will progress really fast
Reply
hyjbh
6 months ago
hi Jack, do you long gold by buying NUGT? or is there other options to long gold other than ETF and gold miner stocks?
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4thewin
6 months ago
is gold reversing to make a higher pullback? 1240/60 area? Or is this a shallow bear trap?
Reply
gLloW PRO 4thewin
6 months ago
I believe that this is a short term rise to 1240 while the dollar is falling for the next few days (2 - 3 days) before beginning it's next uptrend
Dollar Quick up after Diamond reversal, then drop to form H&S
+3 Reply
LJT
6 months ago
Thanks Jack, my platform doesn't allow me to take partial profit at TP so thank you for the 89.50 pips I received, I entered at 1204.50. Waiting for a little dip and buy again well that's my plan? You the man!!
+1 Reply
mchilado
6 months ago
Partial profit taken. Thanks Jack!
Reply
Marvin
6 months ago
Well Loii what do you say now?
+1 Reply
tntsunrise TOP Marvin
6 months ago
nvm. he dun belive that other people can trade AB=CD and take profit. he will just keep saying: well, yes time you are lucky enough , you win, next time you will lose. but the thing is: he dun understand that if we lose, we only lose small , if we win, we can win big.
+5 Reply
normasaz12 tntsunrise
6 months ago
Hi Jack are we bullish or bearish
Reply
sarfz.ahmd
6 months ago
Great. First target point hit
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arianto
6 months ago
The bear is giving a great fight in the last hour... doesn't matter, my SL is already set on break even :)
Reply
Laurence
6 months ago
Sir jack, still in?
Reply
tntsunrise TOP Laurence
6 months ago
of course.....
+2 Reply
EmalbansFx
6 months ago
Am enjoying this one, I promised never to miss out again.
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Marvin
6 months ago
Riding it up and will try to get in on the short at the best possible time when it comes. Hope it gets through 1223.50 & 1234.30 up to 1243.
Reply
AnhPhamQuoc
6 months ago
is it still legit to entry gold now ?
Reply
tntsunrise TOP AnhPhamQuoc
6 months ago
if you want to enter now. where is SL? where is Target?
is the risk/reward ratio > 2?
if not , please don't enter.
+1 Reply
AnhPhamQuoc tntsunrise
6 months ago
thanks for your reply, save me from an impulsive trade...
Is there any VoD's of your webinars ?
Reply
tntsunrise TOP AnhPhamQuoc
6 months ago
yes there is. join facebook group:
https://www.facebook.com/groups/projacksg/
+1 Reply
Phenlx
6 months ago
Enjoyed reading your chart. Unfortunately too late.
Short question for TP1 and TP2 you did use fib 382 618 right? Will you close after 618 or let it run?
Reply
mp4mp5
6 months ago
jack, is that retracement 1214? Will Tp2 hit? Long term is still in bearish.
Reply
uperth
6 months ago
Hi Jack wonderful analysis, nearly reached the second target. What do you think are we going to the second target again or down south from here? And what is your longer term view?
Reply
Mr.Js
6 months ago
Mr.Jack, after touch target 2, D1 gold still have potential going up, how do you think it sir ? And the major trend is down or up sir ? Thank you
Reply
Vytasbcn
6 months ago
Yeah, Your trades are great!
Reply
MANOLIS PRO
6 months ago
Wow, Amazing
Thank you
Reply
Satoshi23
6 months ago
Should we wait 2-3 hours after it hits 1207 and see if it holds?SL under 1204?thank you for your charts,always valuable!
Reply
ukraine Satoshi23
6 months ago
already sold my long at 1208.00
Reply
Satoshi23 ukraine
6 months ago
i was talking about the retracement at 0618(1207.52)
Reply
Bayron2304
6 months ago
I longed at the close of that pin bar with my SL at the low of the pin bar (1205,87) let's hope it holds
Reply
kevinkwok_22
6 months ago
another AB=CD move. nice.
Reply
kizly
6 months ago
Thank you. In from 1207
Reply
SharkbaitAl
6 months ago
Agreed -- thanks for the updates Jack!
Reply
IliyanMihaylov
6 months ago
Nostradamus ! :)
U are the best
Reply
KaKa
6 months ago
Good.. thank jack.. TP price ?
Reply
usman100 PRO
6 months ago
any ideas where our take profit should be set to?
Reply
IAmAgainst
6 months ago
Would you say 1225 is the appropriate target, being the 127% expansion of the previous move, or is it too far considering that the overall trend is bearish?
Reply
DanielAnthony
6 months ago
Thank you for sharing, very impressive analysis!
Reply
arianto
6 months ago
Argh I have set my TP at 1220.40, and the chart stop at 1220.30 and then turn sharply and hit my stop loss, luckily I have set my stop loss to 20 pips profit, with TP1 at 102 pips profit, totally I got 122 pips profit, not bad. Thank you Jack
Reply
Mr.Js
6 months ago
Thanks for your sharing Sir, incridible ~
Reply
DipenBarot
6 months ago
NOW WHATS UR VIEW IN GOLD SIR
Reply
FKHo PRO
6 months ago
Jack, look at the Day Chart. does it mean the price is teting the previous wedge that form? Is it a good position to short if the price fail breaking the wedge line?
Reply
tntsunrise TOP FKHo
6 months ago
i remember i said this when gold is at 1205. i want to short gold at 1242. a lot of people dun blieve gold can rally to that high.
Reply
swolf00183 tntsunrise
6 months ago
you are highly skilled.
Reply
noel29 tntsunrise
6 months ago
so weare ready to short gold
exactly what you said before 7 days.. to short gold at 1242 in your view
Reply
noel29 tntsunrise
6 months ago
stoploss should be 1252 or 1256
Reply
noel29 tntsunrise
6 months ago
short order filled 1242
Reply
BrunoSalles
6 months ago
Amazing!
Reply
FKHo PRO
6 months ago
The Wedge stuff, i can clearly recall u share it in your 2nd webinar. awesome!!! Plan for the short ald, thanks Jack. !
Reply
ashif030
6 months ago
Awesome.....2nd target achieved
thanks Jack :-)
Reply
granulas
6 months ago
Brilliant analysis, thank you. Nice profits.
Reply
tntsunrise TOP granulas
6 months ago
http://harmonicasia.com/pro-trader-course/
dun forget to take up my course so that you will learn how to find such nice trade own your own. since you already have proift, why not?
Reply
arianto
6 months ago
next is sell Jack?
Reply
tntsunrise TOP arianto
6 months ago
learn my course and you won't rely on others to give you a signal
http://harmonicasia.com/pro-trader-course/
Reply
arianto tntsunrise
6 months ago
I'm saving Jack, probably around next year maybe
Reply
arianto tntsunrise
6 months ago
Meanwhile I'm trying to learn AB=CD, and test it on EURGBP daily/weekly chart with good result
Reply
val_trader
6 months ago
Closed too, thanks tntsunrise!
Reply
Vytasbcn
6 months ago
Wow, your trades rule!
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Marvin
6 months ago
Great stuff Jack. I'm still in as it's going higher me thinks.
Reply
Dps
6 months ago
Another great call Jack..
Reply
Thank You!!
Reply
Wave-Trader TOP
6 months ago
snapshot
i think you closed on time jack i was expecting short setup back into structure long before price make bottom around 1200
Reply
tntsunrise TOP Wave-Trader
6 months ago
yeah. i know 1243 is good to short since last friday
+2 Reply
Wave-Trader TOP tntsunrise
6 months ago
good luck for that jack
Reply
DipenBarot Wave-Trader
6 months ago
wave 4 complete at 50% retrenchment 1242 nd 61 pull back 1251 so may be down side start @ 1251 what u say sir ......?
Reply
DipenBarot tntsunrise
6 months ago
wave 4 complete at 50% retrenchment 1242 nd 61 pull back 1251 so may be down side start @ 1251 what u say sir ......?
Reply
mindmapping tntsunrise
6 months ago
Sir can we take sell entry at cmp in Gold?
Reply
yewtay
6 months ago
thank you .. Good trade.
Reply
mchilado
6 months ago
Hello Jack! any chance for a SHORT trade setup soon? Thanks.
Reply
sititin
6 months ago
did you put out a 1243 long position target? good for you
Reply
tntsunrise TOP sititin
6 months ago
yes I do have.
Reply
sititin tntsunrise
6 months ago
i missed that on this page. but still made money on this trade, thank you. looking forward to the next setup!
Reply
BrunoSalles
6 months ago
Some ideia for now? Maybe get the 1235
Reply
BrunoSalles
6 months ago
Looks like a SHS in H4.
Reply
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