tntsunrise
Long

GOLD 1H AB=CD Buy Set Up.

FX:XAUUSD   Gold / U.S. Dollar
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
Comment:
snapshot
Comment: Entered at 1200
Now is 1204
Already 40pips
Comment: +70 pips
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.
Comment:
snapshot
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.
Comment:
snapshot
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
Comment:
snapshot
Comment: Now is 1219, almost hit our target two!
+190 pips
Comment:
snapshot
Comment:
snapshot

Nice Price Action
Comment:
snapshot

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

Closed all long position from 1200
Comment:
snapshot
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Sir what is ur entry
Reply
tntsunrise TOP ahmednasih27
already in the chart.
the AB=CD complete point
+3 Reply
nnavarrete tntsunrise
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?
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tntsunrise TOP nnavarrete
already in the chart.
+2 Reply
good chart,good luck to me!
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Thanks for this Jack!
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hi Jack, could you advise what SL and TP stand for? Thanks
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Stop Loss and Take Profit hyjbh
+1 Reply
hyjbh -Andrew-
got it, thanks buddy
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SL= STOP LOSS
TP= TAKE PROFIT
+2 Reply
hyjbh ashif030
got it, thanks buddy
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Thanks Jack
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Comment removed
See now....

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tntsunrise TOP SmilingSword
yeah. 1244 hah
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1200.........? we will take entry
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bought at 1202.50.. it start moving already in 200 dollar profit..thank you jack
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Goog job
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noel29 tntsunrise
can u able to load again your second webinar because the audio was not there after 40 min in you tube
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sorry that is due to techincal issue. the mic is not working. there is nothig i can do about the no sound part.
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amazing like always...thx jack
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welcome
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Mr.Jack, I want to ask This uptrend is correction right ? because The major trend is going down ..
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yes. it will be a correction. but this correction may rally 20 dollar
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Mr.Js tntsunrise
I was at 1205, thats I like following you Mr.Jack tks ..
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welcome.
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I'm in at 1200.50 too thanks
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good job
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Good call Jack..already in the trade..
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im in too. 1206
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I'm from 1202.83 - good job!))
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man you re like a sniper XD
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u gam of person sir like master in gold hest off sir
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Better close your longs now 70+ pips is more then enough for this short rally
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tntsunrise TOP BjornPfaff
I take partial profit when it is +100 pips
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tntsunrise TOP BjornPfaff
but i will keep my remaining position to target one and target two
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50% ROI thanks Jack :)
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tntsunrise TOP Decent_Ape
good.
but u seemed to be overtrade,
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Decent_Ape tntsunrise
What is your ideal roi per trade?
Reply
tntsunrise TOP Decent_Ape
2% risk, 4% reward, 1:2 is good enough
+2 Reply
how bout this median as target?
snapshot
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gLloW PRO copydrbij
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
yup
+1 Reply
copydrbij PRO tntsunrise
and look where it went! my sell order just got hit there :)
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DenverNugt copydrbij
I love to see that : )
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You see .. 70+ pips was more then enough, don't hold for to long or u will get burned
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tntsunrise TOP BjornPfaff
you see now is 1209 again. 1h trend is up.
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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
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
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
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tntsunrise TOP BjornPfaff
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
First Target Hit
+1 Reply
tntsunrise TOP BjornPfaff
you see. trend can be changed. now gold is 1241.
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tntsunrise TOP tntsunrise
snapshot
Reply
tntsunrise TOP BjornPfaff
partial profit taking. a very common strategy to mange the position.
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tntsunrise TOP BjornPfaff
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
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
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
sory. GOLD , not GOD. typo error
+3 Reply
tntsunrise TOP BjornPfaff
Now is 1219, almost hit our target two!
+190 pips
Still think the correction is impossible for this case?
Reply
tntsunrise TOP BjornPfaff
Since I trade for so many years, i know this kind of correcction is very possible.
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Hi Mr Jack, are you saying gold will go to 2618?? That's a lot of pips!!
Reply
NO. 2618 is a strategy
+1 Reply
sbeavis PRO tntsunrise
I was pulling your leg, but thanks for making sure I wasn't about to blow my entire life savings. (Smiley face!)
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Jack, is this setup is a divergence pattern as well?
Reply
YES. RSI divergence
+1 Reply
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
Break even. for the largest tolerance so that i won't be shaken out
+1 Reply
jack when you said SL: 1198 TP1: 1213 TP2: 1221, did you mean you have entered 2 position from 1200?
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no.i enter only one. then just do partial profit taking. by close partial of the position.
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FOR example i enter 0.5 lot, i can close 0.2 at TP1, and close the rest of 0.3 at TP2
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mp4mp5 tntsunrise
my metatrader4 cant take partial profit...
Reply
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/
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mp4mp5 tntsunrise
Thx Jack!!
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annur5579 tntsunrise
thanks jack!!!
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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
if you onl have the minimum lot then can't partial. u can tp now.
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arianto tntsunrise
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?
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arianto tntsunrise
Finally I re-enter at 1209.40, on to 1221... Hopefuly... :)
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arianto tntsunrise
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.
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Great trade Jack. You are an inspiration.
+1 Reply
Good Job
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What do you think, Mr. entering now in the direction of the second goal
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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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sure. u may consider to take my course. and you will progress really fast
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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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is gold reversing to make a higher pullback? 1240/60 area? Or is this a shallow bear trap?
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gLloW PRO 4thewin
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
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
Partial profit taken. Thanks Jack!
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Well Loii what do you say now?
+1 Reply
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
Hi Jack are we bullish or bearish
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Great. First target point hit
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The bear is giving a great fight in the last hour... doesn't matter, my SL is already set on break even :)
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Sir jack, still in?
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of course.....
+2 Reply
Am enjoying this one, I promised never to miss out again.
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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.
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is it still legit to entry gold now ?
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tntsunrise TOP AnhPhamQuoc
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
thanks for your reply, save me from an impulsive trade...
Is there any VoD's of your webinars ?
Reply
tntsunrise TOP AnhPhamQuoc
yes there is. join facebook group:
https://www.facebook.com/groups/projacksg/
+1 Reply
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?
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jack, is that retracement 1214? Will Tp2 hit? Long term is still in bearish.
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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?
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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
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Yeah, Your trades are great!
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Wow, Amazing
Thank you
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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!
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ukraine Satoshi23
already sold my long at 1208.00
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Satoshi23 ukraine
i was talking about the retracement at 0618(1207.52)
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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
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another AB=CD move. nice.
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Thank you. In from 1207
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Agreed -- thanks for the updates Jack!
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Nostradamus ! :)
U are the best
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Good.. thank jack.. TP price ?
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any ideas where our take profit should be set to?
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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?
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Thank you for sharing, very impressive analysis!
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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
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Thanks for your sharing Sir, incridible ~
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NOW WHATS UR VIEW IN GOLD SIR
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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?
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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.
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swolf00183 tntsunrise
you are highly skilled.
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noel29 tntsunrise
so weare ready to short gold
exactly what you said before 7 days.. to short gold at 1242 in your view
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noel29 tntsunrise
stoploss should be 1252 or 1256
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noel29 tntsunrise
short order filled 1242
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Amazing!
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The Wedge stuff, i can clearly recall u share it in your 2nd webinar. awesome!!! Plan for the short ald, thanks Jack. !
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Awesome.....2nd target achieved
thanks Jack :-)
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Brilliant analysis, thank you. Nice profits.
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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?
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next is sell Jack?
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learn my course and you won't rely on others to give you a signal
http://harmonicasia.com/pro-trader-course/
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arianto tntsunrise
I'm saving Jack, probably around next year maybe
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arianto tntsunrise
Meanwhile I'm trying to learn AB=CD, and test it on EURGBP daily/weekly chart with good result
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Closed too, thanks tntsunrise!
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Wow, your trades rule!
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Great stuff Jack. I'm still in as it's going higher me thinks.
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Another great call Jack..
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Thank You!!
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snapshot
i think you closed on time jack i was expecting short setup back into structure long before price make bottom around 1200
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tntsunrise TOP Wave-Trader
yeah. i know 1243 is good to short since last friday
+2 Reply
good luck for that jack
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DipenBarot Wave-Trader
wave 4 complete at 50% retrenchment 1242 nd 61 pull back 1251 so may be down side start @ 1251 what u say sir ......?
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DipenBarot tntsunrise
wave 4 complete at 50% retrenchment 1242 nd 61 pull back 1251 so may be down side start @ 1251 what u say sir ......?
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mindmapping tntsunrise
Sir can we take sell entry at cmp in Gold?
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thank you .. Good trade.
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Hello Jack! any chance for a SHORT trade setup soon? Thanks.
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did you put out a 1243 long position target? good for you
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yes I do have.
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sititin tntsunrise
i missed that on this page. but still made money on this trade, thank you. looking forward to the next setup!
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Some ideia for now? Maybe get the 1235
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Looks like a SHS in H4.
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