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- Coreg2004 replied 18 hr ago
Waveski, most likely Dear Leon learned how to read other people's posts.
- Coreg2004 replied 23 hr ago
The minimum conditions for wave (v) and leg (c) have been met. The timing for the end of the leg (c) was reached too (9 days). The first retracement zone on the daily TF is between 1.2667-1.2636. image Intraday options to play below on the 30M TF. ...
- Coreg2004 replied 41 hr ago
After ABC correction the new high implied. The first try to take YH failed... In the morning the market didn't cooperate with my first choice (ending diagonal wave) so I was wrong but the second option-the ABC correction- played out nicely.
- Coreg2004 replied 47 hr ago
Yesterday GU made NR4 bar on the daily TF. Today's range can be extended (the yellow box). GU might be in the final stage to complete the bearish crab pattern @1.2736 with ending diagonal wave 5.
- Coreg2004 replied May 20, 2024
EtherFX, I have similar zones on the daily TF. I would like to see AB=CD @ 1.2773 before I change my bias to the downside. I day trade both sides of the market.
- Coreg2004 replied May 20, 2024
navk, that's why I was surprised you shorted midway between PP and R1, you usually wait for R1 minimum.
- Coreg2004 replied May 20, 2024
image I thought you were short.
- Coreg2004 replied May 20, 2024
If you hold for the higher target (Ext. wave 5) tighten your trailing stop b/c standard target zone was hit on the 30M TF.
- Coreg2004 replied May 20, 2024
I guess there is no smooth ride today, up or down.
- Coreg2004 replied May 19, 2024
Targeting 1.2736- the end of the bearish crab pattern- if one of the zones (shallow, regular) for wave (iv) holds. image So far, GU has a problem taking out YCL @1.2701 image
- Coreg2004 replied May 17, 2024
Vincent, not yet. On my broker's chart, the high on this day is 1.27095. You can see in my chart (I watch the same swing). If the market closes on the daily TF above this level we can suspect that the low @1.2298 is in place (The Dow Theory) for the ...
- Coreg2004 replied May 17, 2024
As a day trader, I use every day the same inflection points (YH, YL, YCL, NY open) to help me with the direction of the market for the NY session. If you mastered how to trade a single horizontal line it would be enough to trade comfortably. Check ...
- Coreg2004 replied May 17, 2024
Don't rush with the counter-trend trade. Wait for the exhaustion level(pattern).
- Coreg2004 replied May 17, 2024
birdland, to find your AOI (forget about EW for a moment) you can use 4 relationships between the swings as the third picture in my prior post indicates. These 4 levels form the so-called cluster. When the price gets there you look for any ...
- Coreg2004 replied May 17, 2024
birdland, I use the guidelines to set the end of any swing. Labeling is not important for me but relations between the swings. image image Also, you can set your Area of Interest (AOI) using these guidelines. It gives you one additional level to ...
- Coreg2004 replied May 16, 2024
image image
- Coreg2004 replied May 16, 2024
EOD... image image The plan for trading based on EW can be found in this link... url
- Coreg2004 replied May 16, 2024
birdland, thanks, I love channels, and TLs b/c it's very visual. I know immediately if I'm on the right side of the market. The channel is good for the target and reversal trade. That's how I use it.
- Coreg2004 replied May 16, 2024
If GU makes the 4th wave @1.2614 should be tested (deep retracement). The ride might not be smooth today. If the market gets into the interest zone use PA to tell you it's worth entering the trade. It would be best if you saw something telling you ...
- Coreg2004 replied May 15, 2024
Vincent, there is still a possibility that GU will go up unless the pattern fails. Consider your options in advance what you will do if the market goes against you. Nice patience waiting to the zone.