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Coreg's EW+HP+D/W Range

  • #241
  • Jun 16, 2024 2:12pm Jun 16, 2024 2:12pm
Quoting Whale
{quote} what is you count for gold in ltf, 1h or below? wanna compare it to my system
Whale, if swing high (c) at 2341.68 is taken out we look at how the price will behave in the zone for AB=CD 2450-2454.50 that cluster with the upper band of the channel. We look for 5 fractals in the BC swing, otherwise, continuation to the downside.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 06.16 60M.png Size: 48 KB
Always trade your own plan...I don't provide trading signals.
  • #242
  • Edited 2:49pm Jun 16, 2024 2:37pm | Edited 2:49pm
Quoting birdland
with ADR my most handy indicator is this one: you can see lines when ADR reached for the day or it shows you how much percent the ADR has travelled already;-) (right upper corner, mangenta) {file} {image}
Quoting Coreg2004
{quote} navk, every platform has an ATR indicator, set it to 14 periods, and voila. ADR gives you similar results. {image}
birdland, the expected distribution of the average daily range, also ATR, should be between 80-120%. Can your platform mark them automatically (these 2 extra additional lines)?... One of these horizontal lines will come near the day's support/resistance zone. Another gauging indicator for the exhaustion zone is the Pivot Points. Next, we recall how to trade the HL and we are good to go.
Attached Image (click to enlarge)
Click to Enlarge Name: Copy of howtoenterthemarket3.gif Size: 20 KB
Always trade your own plan...I don't provide trading signals.
  • #243
  • Jun 17, 2024 2:18am Jun 17, 2024 2:18am
Quoting Coreg2004
{quote} Whale, if swing high (c) at 2341.68 is taken out we look at how the price will behave in the zone for AB=CD 2450-2454.50 that cluster with the upper band of the channel. We look for 5 fractals in the BC swing, otherwise, continuation to the downside. {image}
Hi Coreg Sir, we share similar view for the near term.
I saw the wave C as final lap of Wave 2, of bigger corrective C (Daily structure)
Attached Image (click to enlarge)
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Just waiting for a mss in 15mins tf to go long.
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As i'm not so good lack of expertise with swing failure entry setup
More time in the market, does not mean you trade better!
  • #244
  • Jun 17, 2024 2:27am Jun 17, 2024 2:27am
Quoting Coreg2004
{quote} {quote} birdland, the expected distribution of the average daily range, also ATR, should be between 80-120%. Can your platform mark them automatically (these 2 extra additional lines)?... One of these horizontal lines will come near the day's support/resistance zone. Another gauging indicator for the exhaustion zone is the Pivot Points. Next, we recall how to trade the HL and we are good to go. {image}
no sorry, that is not possible with this indicator.

it only shows the 100% high and low of the ADR for the choosen timeperiod.

and it shows the 10% levels when choosen.
trading is like dancing, don't think and just listen to the music!
  • #245
  • Jun 17, 2024 1:00pm Jun 17, 2024 1:00pm
Slow day in currencies.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #246
  • Jun 18, 2024 6:46am Jun 18, 2024 6:46am
Quoting Coreg2004
{quote} Whale, if swing high (c) at 2341.68 is taken out we look at how the price will behave in the zone for AB=CD 2450-2454.50 that cluster with the upper band of the channel. We look for 5 fractals in the BC swing, otherwise, continuation to the downside. {image}
Gold update.
The first serious resistance zone is between 2318.5 and 2322.5
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 06.18 60M.png Size: 43 KB
Always trade your own plan...I don't provide trading signals.
  • #247
  • Jun 18, 2024 7:04am Jun 18, 2024 7:04am
Quoting Coreg2004
Slow day in currencies. {image}
min target after 1-5 EW pattern reached yesterday @1.0738. To maintain the pressure to the upside 1.07094 should hold.
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Always trade your own plan...I don't provide trading signals.
  • #248
  • Jun 18, 2024 7:18am Jun 18, 2024 7:18am
Yesterday GU made the ID/NR4 bar on the daily chart so today increased volatility is expected.
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Always trade your own plan...I don't provide trading signals.
  • #249
  • Jun 19, 2024 7:06am Jun 19, 2024 7:06am
Quoting Coreg2004
{quote} Gold update. The first serious resistance zone is between 2318.5 and 2322.5 {image}
The idea that gold makes 5 waves up is still valid.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 06.19 60M.png Size: 50 KB
Always trade your own plan...I don't provide trading signals.
  • #250
  • Jun 19, 2024 7:28am Jun 19, 2024 7:28am
Quoting Coreg2004
{quote} min target after 1-5 EW pattern reached yesterday @1.0738. To maintain the pressure to the upside 1.07094 should hold. {image}
The standard target was reached yesterday after the 1-5 EW pattern of 50% @1.0760. Possible retracement to AB=CD zone -1.0720
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #251
  • Jun 19, 2024 8:40am Jun 19, 2024 8:40am
Quoting Coreg2004
{quote} ScalaFX, I know. The zone for wave 5 was reached. I'm only cautious b/c the bearish crab pattern is not completed yet (doesn't have to be), so I came up with the extension in wave 5. Just keep in mind that such a possibility exists. High may be in place. {image}
MES (S&P futures) pressing higher. Move (4)-(5) can now have 7-9 fractals, that's the beauty of extension...
Attached Image (click to enlarge)
Click to Enlarge Name: MES SEP24 (Daily) 2024_06_19 (9_36_36 AM).png Size: 59 KB
Always trade your own plan...I don't provide trading signals.
  • #252
  • Jun 19, 2024 8:54am Jun 19, 2024 8:54am
Waiting to short again
People don't plan to lose. They lose because they don't plan.
  • #253
  • Jun 19, 2024 9:02am Jun 19, 2024 9:02am
Quoting ScalaFX
Waiting to short again
Be patient when trading extensions because this formation can easily fool us.
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Always trade your own plan...I don't provide trading signals.
  • #254
  • Jun 20, 2024 7:06am Jun 20, 2024 7:06am
Quoting Coreg2004
{quote} The idea that gold makes 5 waves up is still valid. {image}
Update. Gold hit the zone for completion of the AB=CD pattern
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 06.20 60M.png Size: 46 KB
Always trade your own plan...I don't provide trading signals.
  • #255
  • Jun 20, 2024 7:27am Jun 20, 2024 7:27am
Quoting Coreg2004
{quote} The standard target was reached yesterday after the 1-5 EW pattern of 50% @1.0760. Possible retracement to AB=CD zone -1.0720 {image}
If my labeling is correct the move to the upside will follow. The only unknown is if the correction is over.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 06.20 30M.png Size: 51 KB
Always trade your own plan...I don't provide trading signals.
  • #256
  • Jun 20, 2024 9:59am Jun 20, 2024 9:59am
Quoting Coreg2004
{quote} Update. Gold hit the zone for completion of the AB=CD pattern {image}
The market cooperates so far. Now we target 2372.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 06.20 60Mb.png Size: 43 KB
Always trade your own plan...I don't provide trading signals.
  • #257
  • Edited 11:41am Jun 20, 2024 10:47am | Edited 11:41am
GU at critical support zone. Bulls need to step up if the zone should hold.
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Always trade your own plan...I don't provide trading signals.
  • #258
  • Jun 21, 2024 8:01am Jun 21, 2024 8:01am
Quoting Coreg2004
{quote} If my labeling is correct the move to the upside will follow. The only unknown is if the correction is over. {image}
EW patterns are unclear, conflicting info on the 30M chart. For now, let's stick to HPs and range trading (yellow box).
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Always trade your own plan...I don't provide trading signals.
  • #259
  • Jun 21, 2024 8:10am Jun 21, 2024 8:10am
Quoting Coreg2004
{quote} The idea that gold makes 5 waves up is still valid. {image}
Waiting for Gold to reach bearish bat pattern zone @2371-2376...if we get there.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 06.21 60M.png Size: 38 KB
Always trade your own plan...I don't provide trading signals.
  • #260
  • Edited 9:42pm Jun 23, 2024 9:48am | Edited 9:42pm
A possible completion of converging triangle on 30 minutes chart.
Attached Image (click to enlarge)
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