Coreg's EW+HP+D/W Range

Quoting Fardeen1209

Disliked

US500 Possible scenario for FOMC 4hr {image} 30mins {image} If FED cut by 25bps only, dollar gain strength temporarily.

Ignored

Quoting Fardeen1209

Disliked

GOLD NEW EW update {image} That irregular wave 4 got me couple times. fortunately, my MM is in place. SPX {image} The only trade i have in SPX is the Daily swing QM still holding. Too bad its only 20% of my normal size. Last 2 days there was lot of uncertainty around FOMC, now direction is clear.

Ignored

Quoting Coreg2004

Disliked

{quote} Fardeen, remember that if a poke over/under the swing H/L doesn't reach 127.2% outside extension, the flat correction is possibly in play. Nice and quick adjustment. Why I don't have overnight data on my SPX chart? Neither investing.com nor the ToS platform. {image} Gold the same chart as yours.{image}

Ignored

Quoting Coreg2004

Disliked

5M chart for GU. {image}

Ignored

Quoting Fardeen1209

Disliked

{quote} Good day Mr coreg, About the 127.2% swing extension, we are talking about the wave B break through the beginning of wave A. Then if wave B end before 127.2% of wave A, wave C tend to end at the end of wave A?

Ignored

Quoting Coreg2004

Disliked

{quote} Fardeen, remember that if a poke over/under the swing H/L doesn't reach 127.2% outside extension, the flat correction is possibly in play. Nice and quick adjustment. Why I don't have overnight data on my SPX chart? Neither investing.com nor the ToS platform. {image} Gold the same chart as yours.{image}

Ignored

Quoting Coreg2004

Disliked

{quote} Fardeen, check these 3 types of flat correction...{image} https://elitecurrensea.com/education...ference-guide/

Ignored

Quoting Coreg2004

Disliked

{quote} ... {image}

Ignored

Quoting Fardeen1209

Disliked

{quote} Thanks mr coreg, you gave me the missing part of my trading plan, which is how to deal with irregular corrective wave. Read many articles and methodologies on them,but they dont give depth insight on these waves. They are too vague. Had rough time with them, sometimes they are easy to scalp if price structure allows me. But majority of the time, after they unfolds, i count them otherwise, then the next wave i'm on the wrong side. I'll dive into it on weekends then come back stronger

Ignored

Quoting Fardeen1209

Disliked

GOLD NEW EW update {image} That irregular wave 4 got me couple times. fortunately, my MM is in place. SPX {image} The only trade i have in SPX is the Daily swing QM still holding. Too bad its only 20% of my normal size. Last 2 days there was lot of uncertainty around FOMC, now direction is clear.

Ignored

Quoting Fardeen1209

Disliked

{quote} Spx i be looking for swing shorts for daily wave 2 at daily close. If boj deliver a hike tomorrow, it could shake the carry trade and trigger a sell-off. Given now we are on the 5th wave of daily wave 1, the candle is big, its daily close become a high probability to position for reversal. After last avg cash earning for japan, high possibility for boj hike tomorrow.

Ignored

Quoting Coreg2004

Disliked

{quote} Fardeen, you are not the only one b/c the expended flat can go to 161.8% ext. and easily can be mistaken for wave 5 unless you have distinct 3 waves. Just keep in mind that the other option is wave B irregular and C will follow with 5 fractals the same as the first leg of ABC correction. I found out that 2 most scenarios go in the same direction for quite some time so we have enough time to make up our minds. Trading based on technical analysis is discretionary and we can always adjust on the fly. If I may suggest, narrow your focus on the...

Ignored

Quoting Coreg2004

Disliked

{quote} I have already started to short. 4 trades on MES after 2 pm. One of them was terrible. I left an order not activated after 1:15 p.m. and was in DD 8 pts with 3 contracts. In the end, all went well.

Ignored

Quoting Coreg2004

Disliked

{quote} Possible second leg down in gold. {image}

Ignored

Quoting Fardeen1209

Disliked

{quote} Possibility for 5550 zone in play. EDIT: {image}

Ignored