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Coreg's EW+HP+D/W Range

  • #321
  • Jul 15, 2024 11:40am Jul 15, 2024 11:40am
Quoting rehmatkhan00
EU should complete final leg on 1hr timeframe {image}
..
rehmatkhan, now you are talking business. Focus on the last 1-2-3-4-5, or ABC pattern on the chosen TF where the current action is. Mark entry/exit zones based on your trading method and watch the market unfolding.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 07.15 1H.png Size: 27 KB
Always trade your own plan...I don't provide trading signals.
  • #322
  • Edited 2:15pm Jul 15, 2024 1:56pm | Edited 2:15pm
Quoting thevisitor
{quote} {image} sorry Coreg, was weeks ago but +1
TV, this is a weekly chart so CCI is your confirmation- after you entered the trade on lower TF- is still valid. After ZLC (zero line cross) as a long-time trader or position trader you set the stop loss below the low of the bar that makes CCI cross ZL. My point is that any technical tool, any theory can be used successfully if mastered. If we don't succeed with it, we don't use it. I won't use Gann theory or point and figure charts b/c I don't get it or find something I don't struggle with. BTW the chart after 2 months is still valid. Currently, GU is in the CD leg.
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Recent trade in futures ES
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Always trade your own plan...I don't provide trading signals.
  • #323
  • Jul 16, 2024 9:59am Jul 16, 2024 9:59am
It looks like the ABC correction has now completed on one hour chart and now it can make higher high
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  • #324
  • Jul 16, 2024 10:32am Jul 16, 2024 10:32am
Quoting rehmatkhan00
It looks like the ABC correction has now completed on one hour chart and now it can make higher high {image}
rehmatkhan, similar view. The decision to make: which retracement will we trade today?
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https://forex-indicators.net/cycle-i...ott-waves/plan
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Always trade your own plan...I don't provide trading signals.
  • #325
  • Jul 16, 2024 10:54am Jul 16, 2024 10:54am
Quoting Coreg2004
{quote} rehmatkhan, similar view. The decision to make: which retracement will we trade today?{image} https://forex-indicators.net/cycle-i...ott-waves/plan {image}
I am already long at the bottom 1.0874. I think if this impulse wave covers the same distance as the previous one then it should end somewhere 1.0930-40 however if it is multiple of fib number 1.618 then it can reach up to 1.0970-80.
  • #326
  • Jul 16, 2024 11:01am Jul 16, 2024 11:01am
trade in MES during lunchtime. Trigger: hook for extremes (HFE)
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Always trade your own plan...I don't provide trading signals.
  • #327
  • Jul 16, 2024 11:20am Jul 16, 2024 11:20am
Quoting Coreg2004
{quote} rehmatkhan, similar view. The decision to make: which retracement will we trade today?{image} https://forex-indicators.net/cycle-i...ott-waves/plan {image}
Currently I am reading Elliot Wave Principle which is really really beneficial. I think everyone who is interested in learning EW should give it a try.
Attached File(s)
File Type: pdf elliott-wave-principle.pdf   1.7 MB | 262 downloads
  • #328
  • Jul 16, 2024 11:27am Jul 16, 2024 11:27am
Quoting rehmatkhan00
It looks like the ABC correction has now completed on one hour chart and now it can make higher high {image}
If daily candle closes above 1.0884 level where both trendline and breakout point converge with each other, it will increase the chances of making another higher high on one hour timeframe.
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  • #329
  • Jul 16, 2024 11:35am Jul 16, 2024 11:35am
Quoting rehmatkhan00
{quote} Currently I am reading Elliot Wave Principle which is really really beneficial. I think everyone who is interested in learning EW should give it a try. {image}
Yes, it is. I had been reading this book for 10 years. Then I decided to simplify everything and started focusing on ABC, setting the zone for potential waves 4 and 5. At the beginning of the 2000s, I included harmonic patterns and here I am with my analysis. Now I'm looking for patterns which schemes I posted on the first page of this thread. Nothing fancy, only stuff used by thousands of other traders.
Always trade your own plan...I don't provide trading signals.
  • #330
  • Jul 16, 2024 11:45am Jul 16, 2024 11:45am
Quoting Coreg2004
{quote} Yes, it is. I had been reading this book for 10 years. Then I decided to simplify everything and started focusing on ABC, setting the zone for potential waves 4 and 5. At the beginning of the 2000s, I included harmonic patterns and here I am with my analysis. Now I'm looking for patterns which schemes I posted on the first page of this thread. Nothing fancy, only stuff used by thousands of other traders.
I am glade that I found this page and your experience will help me a lot in understanding the theory further. In the beginning, the EW concept was kind a difficult but after reading the beginning chapters again and again, I finally understood what author is trying to say. Beside I have also read harmonic trader books which has similar concept to EW that's why harmonic patterns help me in deciding entry and exit point.
  • #331
  • Jul 16, 2024 1:12pm Jul 16, 2024 1:12pm
I should read all important data on the 1st page and I am surprised why I haven't read it yet
  • #332
  • Jul 16, 2024 3:25pm Jul 16, 2024 3:25pm
Quoting rehmatkhan00
{quote} If daily candle closes above 1.0884 level where both trendline and breakout point converge with each other, it will increase the chances of making another higher high on one hour timeframe. {image}
Daily candle seems to be not only closing above the level which I mentioned earlier but also probably making a strong bullish daily candle above break out point. This will further increase the chances of making another higher high on 1hr chart.
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  • #333
  • Edited 4:14pm Jul 16, 2024 3:52pm | Edited 4:14pm
Quoting Coreg2004
{quote} rehmatkhan, similar view. The decision to make: which retracement will we trade today?{image} https://forex-indicators.net/cycle-i...ott-waves/plan {image}
Support at the bottom of the channel held. Now is decision time.
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It's hard to mark waves on the daily chart with high confidence so I would go with the last swing up on an hourly chart.
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Always trade your own plan...I don't provide trading signals.
  • #334
  • Jul 17, 2024 3:04am Jul 17, 2024 3:04am
Good day Mr, Coreg,
Mind i get an EW update of gold from your side,
Looks like we have an extension of wave v, and my immediate resistance level lies at 2501.
4hr
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Given we already break previous swing high, no buy setup as from here, unless 2449 comes first, may do some scalping.
Looking for resistance and retracement.
30mins
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The extension wave v, is the 161% of 0-iii.
More time in the market, does not mean you trade better!
  • #335
  • Jul 17, 2024 7:42am Jul 17, 2024 7:42am
If the correction of the 3rd wave on 15 minutes chart has been completed then the final leg can end up at the 1.0960-80 level.
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  • #336
  • Edited 9:01am Jul 17, 2024 7:46am | Edited 9:01am
Quoting Fardeen1209
Good day Mr, Coreg, Mind i get an EW update of gold from your side, Looks like we have an extension of wave v, and my immediate resistance level lies at 2501. 4hr {image} Given we already break previous swing high, no buy setup as from here, unless 2449 comes first, may do some scalping. Looking for resistance and retracement. 30mins {image} The extension wave v, is the 161% of 0-iii.
Fardeen, when I am in doubt I go with the Fibonacci ratios to set the potential end of waves. We are the trades first then analysts. If I don't see the pattern at a glance, the zones previously mentioned are my guide.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #337
  • Jul 17, 2024 7:57am Jul 17, 2024 7:57am
Quoting Coreg2004
{quote} Fardeen, when I am in doubt I go with the Fibonacci ratios to set the potential end of waves. We are the trades first then analysts. If I don't see the pattern at a glance the zones previously mentioned are my guide. {image}
Thanks mr Coreg.
I also try to count my D and E as 1 and 2, it looks like we are in 3
The irregularities make it hard for me to count, as i simply count correction ABC, where B < A and C > B.
But sometimes the market unfolds otherwise.
I missed my chance to hold my swing trade, close too soon.
Now can only scalping impulsive waves
More time in the market, does not mean you trade better!
  • #338
  • Jul 17, 2024 8:04am Jul 17, 2024 8:04am
Quoting rehmatkhan00
If the correction of the 3rd wave on 15 minutes chart has been completed then the final leg can end up at the 1.0960-80 level. {image}
...
Attached Image (click to enlarge)
Click to Enlarge Name: EU 07.17 15M.png Size: 39 KB
Always trade your own plan...I don't provide trading signals.
  • #339
  • Jul 17, 2024 8:21am Jul 17, 2024 8:21am
Quoting Coreg2004
{quote} ... {image}
yes, you are absolutely right..........the final leg of ABC correction is missing and it should go down to 1.0920 at least before making one more high.
  • #340
  • Jul 17, 2024 8:53am Jul 17, 2024 8:53am
Quoting rehmatkhan00
{quote} yes, you are absolutely right..........the final leg of ABC correction is missing and it should go down to 1.0920 at least before making one more high.
...possible scenario
Attached Image (click to enlarge)
Click to Enlarge Name: EU 07.17 15Mb.png Size: 35 KB
Always trade your own plan...I don't provide trading signals.
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