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- Coreg2004 replied 41 hr ago
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 41 hr ago
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 42 hr ago
Don't rush with the counter-trend trade. Wait for the exhaustion level(pattern).
- Coreg2004 replied 45 hr ago
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 46 hr ago
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.
- Coreg2004 replied May 15, 2024
Bones, to make that call you need to use tape reading like Jesse (crucial in trading Forex) anything else is uncivilized...
- Coreg2004 replied May 15, 2024
trumps, do you know we have in the US professional companies that manage a $500k Roth IRA charging $2000/quarter? It's 1.6% (IMO it's excessive) of the portfolio. How much would you pay someone without a license to manage a $1000 account? or ...
- Coreg2004 replied May 15, 2024
That was fast...update. image and the daily chart image
- Coreg2004 replied May 15, 2024
Zones for today to watch. Potential reversal zone @1.2631-.xx48
- Coreg2004 replied May 14, 2024
Vincent, it's a measured move...shows you how strong the bulls were last time when they pushed the price up. In my analysis, it is important. Robert Miner calls it Alternate Price Projection (APP) image Even if you take the tiny swings on the 15M ...
- Coreg2004 replied May 14, 2024
Here is the daily GU chart, my guide to day trading. The next zone on the D TF matches today's DRE zone on 30M. Stick to your plan, always.
- Coreg2004 replied May 14, 2024
JereMi256, nice trade.
- Coreg2004 replied May 14, 2024
Perhaps challenging the NY session again. Watch closely the DRE zone @1.2590-1.2600 for potential reversal (for the day traders) if GU gets there. updated chart...
- Coreg2004 replied May 13, 2024
JereMi256, there was the chance to jump into the long trade on the bounce off of the TL with the SL below today's low, but it was before my time at the computer.
- Coreg2004 replied May 13, 2024
I missed a long trade. I don't buy at a premium (38.2-50% ret) unless it's 4th wave. It happens sometimes.