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Coreg's EW+HP+D/W Range

  • #621
  • Sep 11, 2024 11:57pm Sep 11, 2024 11:57pm
Quoting Fardeen1209
{quote} Isnt it a bit too soon?
i dont know, Im lost some shorting it earlier, I dont expect after slide down this huge move up
People don't plan to lose. They lose because they don't plan.
  • #622
  • Sep 12, 2024 12:36am Sep 12, 2024 12:36am
Quoting ScalaFX
{quote} i dont know, Im lost some shorting it earlier, I dont expect after slide down this huge move up
I was thinking of a new wave counting that match the fundamental. Previously bad NFP raise the risk for recession.
SO rate cut in a pessimistic market environment, is usually bad for equities on rate cut.
Now thats fading away, with FED printers on the way to switch on, Asset prices might go up.

NAS100
Attached Image (click to enlarge)
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US500
Attached Image (click to enlarge)
Click to Enlarge Name: SPX500_2024-09-12_09-31-47.png Size: 83 KB


lets hear mr coreg view on this. I'm only holding 20% of my long position.
Made some bad decision recently.
More time in the market, does not mean you trade better!
  • #623
  • Sep 12, 2024 3:16am Sep 12, 2024 3:16am
Quoting Fardeen1209
{quote} SPX QM QM QM {image}
you market that level as B, is there yet, why you changed your mind? I think now is time for C
People don't plan to lose. They lose because they don't plan.
  • #624
  • Sep 12, 2024 4:08am Sep 12, 2024 4:08am
Quoting ScalaFX
{quote} you market that level as B, is there yet, why you changed your mind? I think now is time for C
Because of fundamental.
I used technical analysis to position myself, but use fundamental to estimate the probability for price to move from my entry to take profit level.
If both technical and fundamental align in the same direction, i comfortably go aggressive (for both swing and scalping)
When they divert, need to play it with cautious(scalping only- small moves only)

On a clear direction, can comfortably position for swing trade.
The name is swing trading, but its just i hold my scalping for a longer period, while continue to add to the direction. This is where i make life changing money in one trade.
More time in the market, does not mean you trade better!
  • #625
  • Edited 6:45am Sep 12, 2024 6:11am | Edited 6:45am
Quoting ScalaFX
{quote} you market that level as B, is there yet, why you changed your mind? I think now is time for C
US500 Scalping shorts.
Attached Image (click to enlarge)
Click to Enlarge Name: SPX500_2024-09-12_15-10-05.png Size: 75 KB


Making some buck
7point SL for 64point TP


Edit:
My first scalping US500. And chances are high it will failed miserably, because im trading candlestick, not structure. .
More time in the market, does not mean you trade better!
  • #626
  • Sep 12, 2024 7:21am Sep 12, 2024 7:21am
Quoting Fardeen1209
{quote} US500 Scalping shorts. {image} Making some buck 7point SL for 64point TP Edit: My first scalping US500. And chances are high it will failed miserably, because im trading candlestick, not structure. .
Fardeen, we have 2 harmonic patterns in play (still valid). Sure SP 500 can collapse on 61.8% retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: MES 09-24 (120 Minute) 2024_09_12 (8_20_37 AM).png Size: 66 KB
Always trade your own plan...I don't provide trading signals.
  • #627
  • Sep 12, 2024 7:30am Sep 12, 2024 7:30am
Quoting Coreg2004
{quote} Fardeen, we have 2 harmonic patterns in play (still valid). Sure SP 500 can collapse on 61.8% retracement. {image}
Agreed We have ppi due.
The broken RSF get an immediate retest with intact 30mins structure. Chances are higher to push to 2hr FL
More time in the market, does not mean you trade better!
  • #628
  • Sep 12, 2024 9:52am Sep 12, 2024 9:52am
Decision time for day traders is coming up...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 09.12 30M.png Size: 42 KB
Always trade your own plan...I don't provide trading signals.
  • #629
  • Sep 12, 2024 11:03am Sep 12, 2024 11:03am
Quoting Coreg2004
Decision time for day traders is coming up... {image}
For today T #1 1.3093 and T#2 1.3121
Attached Image (click to enlarge)
Click to Enlarge Name: GU 09.12 15M.png Size: 43 KB
Always trade your own plan...I don't provide trading signals.
  • #630
  • Sep 12, 2024 4:52pm Sep 12, 2024 4:52pm
Quoting Coreg2004
{quote} Gold is finally showing signs of distribution. {image}
Adjustment to Gold after 2525 (88.6%) didn't hold. The new potential targets are at 2565 and2600
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 09.12 D.png Size: 31 KB
Always trade your own plan...I don't provide trading signals.
  • #631
  • Sep 13, 2024 8:09am Sep 13, 2024 8:09am
If GU makes an impulse 1-5 pattern the standard end of the move should be 1.3170-and 1.3179
Attached Image (click to enlarge)
Click to Enlarge Name: GU 09.13 30M.png Size: 38 KB
Always trade your own plan...I don't provide trading signals.
  • #632
  • Sep 16, 2024 10:48am Sep 16, 2024 10:48am
...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 09.16 15M.png Size: 37 KB
Always trade your own plan...I don't provide trading signals.
  • #633
  • Sep 17, 2024 9:34am Sep 17, 2024 9:34am
Quoting Coreg2004
{quote} GU touched 1.3078 level. The next pattern to reach is AB=CD at 1.3055 to 1.3037 The first leg (a) was made in 5 days so the expectation is that it takes leg (c) a similar time to form (3-5 days).{image} GU took out swing low@ (a) so a minimum for swing (c) was made. EU is stronger today (so far){image} {image}
Quoting Coreg2004
{quote} update...don't rush with the counter-trend trade {image} Daily TF{image}
So far the last zone for retracement @ 1.3237-1.3211 holds. Suppose GU corrects the previous leg up so much more to come to the downside. The first hurdle on the way down is @1.3191-1.3170.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 09.17 D.png Size: 36 KB
Always trade your own plan...I don't provide trading signals.
  • #634
  • Sep 17, 2024 12:21pm Sep 17, 2024 12:21pm
...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 09.17 30Mb.png Size: 42 KB
Always trade your own plan...I don't provide trading signals.
  • #635
  • Sep 18, 2024 1:57am Sep 18, 2024 1:57am
US500
Possible scenario for FOMC

4hr
Attached Image (click to enlarge)
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30mins
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If FED cut by 25bps only, dollar gain strength temporarily.
More time in the market, does not mean you trade better!
  • #636
  • Sep 18, 2024 8:04am Sep 18, 2024 8:04am
Quoting Fardeen1209
US500 Possible scenario for FOMC 4hr {image} 30mins {image} If FED cut by 25bps only, dollar gain strength temporarily.
Fardeen, your accomplishment is amazing. I know, I've said it before but still, it's worth pointing it out.
Always trade your own plan...I don't provide trading signals.
  • #637
  • Sep 18, 2024 8:07am Sep 18, 2024 8:07am
Today's possible plays. We trade from box to box if the trade is triggered. SH/SL taken out on smaller TF. (3-5M chart)
Attached Image (click to enlarge)
Click to Enlarge Name: GU 09.18 1H.png Size: 44 KB
Always trade your own plan...I don't provide trading signals.
  • #638
  • Sep 18, 2024 8:26am Sep 18, 2024 8:26am
Correct chart. ATR(14) was messed up. Sorry.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 09.18 1Hb.png Size: 44 KB
Always trade your own plan...I don't provide trading signals.
  • #639
  • Sep 18, 2024 8:55am Sep 18, 2024 8:55am
Quoting Coreg2004
{quote} Fardeen, your accomplishment is amazing. I know, I've said it before but still, it's worth pointing it out.
Thanks mr Coreg, i have 2 great guiders in my trading journey that share their years of experience.
Even if i dont get and i dont need their 100% experience, 40-50% is more than enough to put someone on the right track to climb the ladder.
Once a rookie has access to it, we already have a great start in our trading journey, cause majority system out there have a negative market expectation. No matter how much money we threw init, we end up losing.

Btw i still remember, the first time i quote your post was something about DRE on your chart, i said its Dr Dre.
More time in the market, does not mean you trade better!
  • #640
  • Sep 18, 2024 1:29pm Sep 18, 2024 1:29pm
Quoting Coreg2004
{quote} Adjustment to Gold after 2525 (88.6%) didn't hold. The new potential targets are at 2565 and2600 {image}
Gold is coming to the target 2597-2614
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 09.18 1H.png Size: 30 KB
Always trade your own plan...I don't provide trading signals.
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