Coreg's EW+HP+D/W Range

Quoting Fardeen1209

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Risky Scalping setup Using the 1st scenario Buy high sell higher{image} SL: Todays Low TP: 21pts

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Quoting Fardeen1209

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

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Quoting Coreg2004

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{quote} 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.{image} Recent trade in futures ES{image}

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Quoting Coreg2004

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{quote} Fardeen, I don't know if I have the correct chart but if I do watch out b/c the swing high was taken out with the gap. The PA around this SH is the key. {image}

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Quoting Fardeen1209

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{quote} Early morning i revise my Spx counting, post Boj, since yesterday i was expecting Boj to hike today which could impact the Yen carry trade. I revised the SPX counting, take some more partial, but not willing to scalp long, as i have to manage the trade. I have scalping long for nas100 instead targetting 20400 before a good retracement. For US500 i'wait for price to come to my next swing zone around 5790. If i stuck with too many scalping trade, my performance falls drastically. This is why i choose to let go trading Eu and GU. Focus more...

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Quoting Coreg2004

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{quote} GU's possible target for today is as far as at 261.8% weekly range extension @1.3410{image} Keep levels from the weekly chart in mind (1.3448). Updated weekly chart.{image}

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Quoting rehmatkhan00

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Does this mean that W1 can be in the form of ABC as I have labeled in the screenshot? I am kinda confused about it {image} {image}

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Quoting rehmatkhan00

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Does this mean that W1 can be in the form of ABC as I have labeled in the screenshot? I am kinda confused about it {image} {image}

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Quoting Coreg2004

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{quote} Wave 1 can have 3 (ABC) or 5 (1-2-3-4-5) fractals.

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Quoting Coreg2004

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{quote} Question #1 to ask: is this correction or impulse wave? SH was taken out so the expectation is for 5 fractals up but the market can unfold mysteriously. question # 2 how many pips/points do I want to give up to see if the market reaches my target on higher TF? Or should I trade on target or use the trailing stop? The market always forces us to make the decision and we should know in advance what we will do when the decision's time comes. {image}

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Quoting rehmatkhan00

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It looks like 3rd impulsive wave is coming after completion of corrective Wave ABC. {image} {image}

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Quoting rehmatkhan00

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It looks like 3rd impulsive wave is coming after completion of corrective Wave ABC. {image} {image}

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Quoting Coreg2004

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{quote} When in doubt go to the higher TF - 4H or daily-where should be easier to spot the pattern. {image} Now if you decide that BTC is in the process of making (c) wave you drop to 1H TF and look for 5 fractals according to EW guidelines. We still don't know if 4th wave is in place. I use the trigger to enter the trade b/c many of these zones are violated. SL is always below/above the zone. The first objective is AB=CD @ 65610{image}

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Quoting rehmatkhan00

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W3 of GBPUSD will be confirmed when the price extreme of W1 is exceeded In Sha Allah. {image}

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Quoting rehmatkhan00

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{quote} After following your suggestion I found out that I had mistakes in my counting as higher timeframe and lower timeframe were not agreeing with each other now I have corrected the counting which has Made everything quite clear

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