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Attachments: Coreg's EW+HP+D/W Range
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Coreg's EW+HP+D/W Range

  • #421
  • Aug 1, 2024 12:07pm Aug 1, 2024 12:07pm
If GU breaks and closes below TL, 1.2705-1.2670 is the target zone.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.01 D.png Size: 36 KB
Always trade your own plan...I don't provide trading signals.
  • #422
  • Aug 2, 2024 7:20am Aug 2, 2024 7:20am
Did we see the bottom for this week? Let's see what NFP brings us.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.02 1Hb.png Size: 45 KB
Always trade your own plan...I don't provide trading signals.
  • #423
  • Aug 2, 2024 8:27am Aug 2, 2024 8:27am
Quoting Coreg2004
If GU breaks and closes below TL, 1.2705-1.2670 is the target zone. {image}
the current trend is very strong and this can go to 1.30 again
  • #424
  • Aug 2, 2024 8:28am Aug 2, 2024 8:28am
I bet traders who went long like this manipulation...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 08.02 30M.png Size: 40 KB
Click to Enlarge Name: GU 08.02 D.png Size: 34 KB
Always trade your own plan...I don't provide trading signals.
  • #425
  • Aug 2, 2024 8:42am Aug 2, 2024 8:42am
so the main resistance lies at around 1.2860-80 if broken it can go to at least 1.2970-80 right?
  • #426
  • Aug 2, 2024 8:57am Aug 2, 2024 8:57am
Quoting rehmatkhan00
so the main resistance lies at around 1.2860-80 if broken it can go to at least 1.2970-80 right?
I would go first with the daily chart...1.2837- 1.2877, is the first AOI where a potential A wave can stop and the first leg of a potential bearish bat pattern (D [email protected]) but this is a distant future, if ever.
Always trade your own plan...I don't provide trading signals.
  • #427
  • Aug 2, 2024 9:08am Aug 2, 2024 9:08am
Quoting Coreg2004
{quote} I would go first with the daily chart...1.2837- 1.2877, is the first AOI where a potential A wave can stop and the first leg of a potential bearish bat pattern (D [email protected]) but this is a distant future, if ever.
the price is already at 1.2830 and I would be not surprised if 1.2877 is broken today
  • #428
  • Aug 2, 2024 9:12am Aug 2, 2024 9:12am
2837 as stated by Coreg is yesterday resistance.

Atlest for today, this may be the resistance.
Intraday only.
  • #429
  • Aug 2, 2024 9:18am Aug 2, 2024 9:18am
Quoting navk
2837 as stated by Coreg is yesterday resistance. Atlest for today, this may be the resistance.
I think yesterday resistance will be broken however the resistance around 1.2860-70 can hold today.
  • #430
  • Aug 2, 2024 9:35am Aug 2, 2024 9:35am
According to daily, we have really important resistance level at around 1.2860-90 which have high probability to hold if yesterday's high is broken. According to AB=CD on daily timeframe the price can shoot up to high of July, 2023 which is at around 1.3140.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 52 KB
  • #431
  • Aug 2, 2024 11:26am Aug 2, 2024 11:26am
Quoting navk
2837 as stated by Coreg is yesterday resistance. Atlest for today, this may be the resistance.
navk, I trade the zones from the daily and 30M charts. I don't know which one will hold, but you can use the single level from a higher TF and trade around it as a horizontal trend line during day trading. In today's case, we had other factors (range extension over 150% daily ATR(14), swing high at b, and TL sloping down) in our favor that the resistance might be at 1.2837. Of course, it doesn't have to last forever b/c soon different scenarios might develop. Following PA is the best approach for traders.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.02 30Mb.png Size: 38 KB
Always trade your own plan...I don't provide trading signals.
  • #432
  • Aug 2, 2024 12:06pm Aug 2, 2024 12:06pm
Quoting Coreg2004
{quote} navk, I trade the zones from the daily and 30M charts. I don't know which one will hold, but you can use the single level from a higher TF and trade around it as a horizontal trend line during day trading. In today's case, we had other factors (range extension over 150% daily ATR(14), swing high at b, and TL sloping down) in our favor that the resistance might be at 1.2837. Of course, it doesn't have to last forever b/c soon different scenarios might develop. Following PA is the best approach for traders. {image}
I like your approach and it helps me a lot in understanding and planning my entry and exit that's why I ask your help when I need.
  • #433
  • Aug 2, 2024 12:17pm Aug 2, 2024 12:17pm
Quoting rehmatkhan00
According to daily, we have really important resistance level at around 1.2860-90 which have high probability to hold if yesterday's high is broken. According to AB=CD on daily timeframe the price can shoot up to high of July, 2023 which is at around 1.3140. {image}
rehmatkhan, as of right now on the daily chart we can mark 3 possible scenarios for the upcoming days. It's up to us which one we choose to trade. What is the most likely scenario? Which swing (leg) are we going to trade? What tells us our choice won't work? etc. I go with the imminent setup on the 30M chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.02 Db.png Size: 45 KB
Always trade your own plan...I don't provide trading signals.
  • #434
  • Aug 2, 2024 12:41pm Aug 2, 2024 12:41pm
Quoting Coreg2004
{quote} rehmatkhan, as of right now on the daily chart we can mark 3 possible scenarios for the upcoming days. It's up to us which one we choose to trade. What is the most likely scenario? Which swing (leg) are we going to trade? What tells us our choice won't work? etc. I go with the imminent setup on the 30M chart. {image}

respect
MY OPINION NOT FINANCIAL ADVISE
  • #435
  • Aug 2, 2024 12:52pm Aug 2, 2024 12:52pm
Quoting Coreg2004
{quote} rehmatkhan, as of right now on the daily chart we can mark 3 possible scenarios for the upcoming days. It's up to us which one we choose to trade. What is the most likely scenario? Which swing (leg) are we going to trade? What tells us our choice won't work? etc. I go with the imminent setup on the 30M chart. {image}
I usually follow trend and for that I have specific way of entry and exit. Your planning help us to see where a price is mostly likely to reverse and where it can find its support and resistance and also we learn something from you......thank for all the help
  • #436
  • Aug 5, 2024 7:08am Aug 5, 2024 7:08am
it might be a difficult NY session. 150% daily ATR(14) was already made in both directions.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.05 30M.png Size: 43 KB
Always trade your own plan...I don't provide trading signals.
  • #437
  • Aug 5, 2024 7:24am Aug 5, 2024 7:24am
Quoting Coreg2004
{quote} {quote} update... {image}
PRZ for a bullish bat pattern might be in play. Be careful, the market is spooked.
Attached Image (click to enlarge)
Click to Enlarge Name: MES SEP24 (Daily) 2024_08_05 (8_20_59 AM).png Size: 69 KB
Always trade your own plan...I don't provide trading signals.
  • #438
  • Aug 5, 2024 8:22am Aug 5, 2024 8:22am
Quoting Coreg2004
it might be a difficult NY session. 150% daily ATR(14) was already made in both directions. {image}
I'm simply seeing 1.40 in the long run.
  • #439
  • Aug 5, 2024 8:37am Aug 5, 2024 8:37am
Quoting Mitiblotch
{quote} I'm simply seeing 1.40 in the long run.
Miti, anything is possible, but I don't have this level on my weekly chart yet...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 08.05 W.png Size: 44 KB
Always trade your own plan...I don't provide trading signals.
  • #440
  • Aug 5, 2024 8:43am Aug 5, 2024 8:43am
Quoting Coreg2004
{quote} PRZ for a bullish bat pattern might be in play. Be careful, the market is spooked. {image}
Trade of the decades
Are you warren buffet?
He sold half his Appl stock for cash right before crash.
Or he is the cause of the crash when he filled for transaction?
More time in the market, does not mean you trade better!
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