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Coreg's EW+HP+D/W Range

  • #1,021
  • Dec 18, 2024 2:02pm Dec 18, 2024 2:02pm
Quoting Coreg2004
It's best to trade the first pullback (@1) after the breakout. Every next attack weakens the level. Unfortunately, we will never know how many attempts it takes to break the zone (level). We need to read PA and determine the outcome on the fly. The first target after YH is taken out is 1.2755-1.2768 {image} {image}
Don't try to catch a falling knife. The weekly low broke.
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Always trade your own plan...I don't provide trading signals.
  • #1,022
  • Dec 18, 2024 2:21pm Dec 18, 2024 2:21pm
Quoting Coreg2004
{quote} Dollar index doesn't give up {image}
After playing for 4 days with 107 finally, DXY broke the resistance.
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Always trade your own plan...I don't provide trading signals.
  • #1,023
  • Dec 19, 2024 10:57am Dec 19, 2024 10:57am
Quoting Coreg2004
{quote} Don't try to catch a falling knife. The weekly low broke. {image}
Surprisingly, strong death cat bounce during the late Tokyo session.
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Always trade your own plan...I don't provide trading signals.
  • #1,024
  • Dec 19, 2024 12:49pm Dec 19, 2024 12:49pm
Quoting Coreg2004
{quote} Surprisingly, strong death cat bounce during the late Tokyo session. {image}
There is also a divergence on one hour chart.
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  • #1,025
  • Dec 19, 2024 1:18pm Dec 19, 2024 1:18pm
Quoting rehmatkhan00
{quote} There is also a divergence on one hour chart. {image}
rehmatkhan, I don't have an indicator but from your chart, it seems divergence is in the making. Wait for the bar to complete.
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Always trade your own plan...I don't provide trading signals.
  • #1,026
  • Dec 19, 2024 2:24pm Dec 19, 2024 2:24pm
The daily chart is the king, even if we only do day trading.
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we go to intraday TF to see if a potential reversal is pending.
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Always trade your own plan...I don't provide trading signals.
  • #1,027
  • Dec 20, 2024 8:00am Dec 20, 2024 8:00am
The 1.618 weekly extension was reached on the last day of the week. If a low is in place even a temporary min expectation for the long counter-trend trade is 1.2603
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Always trade your own plan...I don't provide trading signals.
  • #1,028
  • Dec 20, 2024 9:04am Dec 20, 2024 9:04am
This is for those who trade weekly bar/range. You can go with WPPs or a range extension. It doesn't matter if you use Fibonacci ratios or quantitative analysis, they come to similar points. This week when the price dropped below 50% of the weekly bar, long trades should be reversed, and definitely after the price took out WPP @1.2675. We are not in this business to watch the price going back and forth but to make money. Sure, our decision won't be optimal all the time. Sometimes our target is not reached and we will chase exit but this is the nature of the business.
The Dow theory is the granddaddy of all technical analysis. HH-HL, LH-LL, choose the setup TF and you are ready to go. Good luck all.
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Always trade your own plan...I don't provide trading signals.
  • #1,029
  • Dec 20, 2024 11:19am Dec 20, 2024 11:19am
Quoting Coreg2004
The 1.618 weekly extension was reached on the last day of the week. If a low is in place even a temporary min expectation for the long counter-trend trade is 1.2603{image}
The market cooperated nicely with my first option and reached a strong resistance zone for today.
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Always trade your own plan...I don't provide trading signals.
  • #1,030
  • Dec 20, 2024 11:46am Dec 20, 2024 11:46am
Quoting Coreg2004
{quote} Trg je lepo sodeloval z mojo prvo možnostjo in dosegel močno območje odpora za danes. {image}
Tedenski podaljšek 1,618 je bil dosežen zadnji dan v tednu. Če je vzpostavljena najnižja vrednost, je tudi začasno minimalno pričakovanje za dolgo trgovino proti trendu 1,2603
Good plan
  • #1,031
  • Dec 23, 2024 5:31pm Dec 23, 2024 5:31pm
30M and the daily charts
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Always trade your own plan...I don't provide trading signals.
  • #1,032
  • Dec 24, 2024 9:35am Dec 24, 2024 9:35am
Quoting Coreg2004
30M and the daily charts {image} {image}
It seems that TL worked nicely to time the long entry. Possible BPC play. Use my setups as a reference and always trade your plan. I don't know your time horizon, endurance on DD, profit target, or how long you intend to hold your position. I can only show you how I set up the trades based on my trading method.
Good luck and Merry Christmas.
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Always trade your own plan...I don't provide trading signals.
  • #1,033
  • Dec 27, 2024 7:37am Dec 27, 2024 7:37am
Not too much change, holiday time. Long trade has a possible target @1.2640 not necessarily today.
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Always trade your own plan...I don't provide trading signals.
  • #1,034
  • Dec 27, 2024 12:45pm Dec 27, 2024 12:45pm
Quoting Coreg2004
Not too much change, holiday time. Long trade has a possible target @1.2640 not necessarily today. {image}
Update with multiple methods of trading. EW, HP, daily/weekly range, quantitative analysis (PP, ATR, DRE)
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Always trade your own plan...I don't provide trading signals.
  • #1,035
  • Dec 30, 2024 7:23am Dec 30, 2024 7:23am
Quoting Coreg2004
{quote} Update with multiple methods of trading. EW, HP, daily/weekly range, quantitative analysis (PP, ATR, DRE) {image}
The minimum for wave (5) was made @1.2603, but the pattern (4)-(5) should have 5 fractals, so the move to the upside can have one more push on 30M TF.
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Always trade your own plan...I don't provide trading signals.
  • #1,036
  • Dec 30, 2024 8:07am Dec 30, 2024 8:07am
1.2610 looks like a tough level to take out so far.
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Always trade your own plan...I don't provide trading signals.
  • #1,037
  • Dec 31, 2024 8:52am Dec 31, 2024 8:52am
Quoting Coreg2004
{quote} The minimum for wave (5) was made @1.2603, but the pattern (4)-(5) should have 5 fractals, so the move to the upside can have one more push on 30M TF. {image}
Are we going to get New Year's Eve fireworks trading GU today?
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Always trade your own plan...I don't provide trading signals.
  • #1,038
  • Dec 31, 2024 1:20pm Dec 31, 2024 1:20pm
Quoting Coreg2004
{quote} Are we going to get New Year's Eve fireworks trading GU today? {image}
The last update this year.
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Happy New Year. I wish you all the best in trading and your personal life in the upcoming year.
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Always trade your own plan...I don't provide trading signals.
  • #1,039
  • Jan 2, 2025 7:05am Jan 2, 2025 7:05am
We have a big drop on the first day of the year.
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January 2nd is a potential time for reversal but you should wait for your signal.
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Always trade your own plan...I don't provide trading signals.
  • #1,040
  • Jan 2, 2025 8:14am Jan 2, 2025 8:14am
It won't be good for GU if the current support zone breaks. The next target on the 1H chart is almost 70 pips away.
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Always trade your own plan...I don't provide trading signals.
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