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Coreg's EW+HP+D/W Range

  • #901
  • Nov 14, 2024 1:59pm Nov 14, 2024 1:59pm
Quoting Abeylyn
{quote} So sorry for the issue with your computer. I understand that can be seriously disturbing. Hope it's fine now.
No big deal. Saturday a new one will be delivered. It was time for a replacement.
Always trade your own plan...I don't provide trading signals.
  • #902
  • Nov 14, 2024 2:11pm Nov 14, 2024 2:11pm
Quoting Abeylyn
{quote} Yes, perfectly correct. 1st resistant zone. I always have 4 different levels of either Support or Resistant Zone on a chart. How do you identify your own first resistant zone and how will you identify the other next 3 resistant zone that is positioned above the current one. Daily ATR and subsequently with Fib. 3.82, 0.5/618, 0.750.... ? You can interact through PM if u don't want it to be a public document. Thanks
If I decide that low or high is in place, I look for ABC retracement. The first zone for A is between 38.8-50% like the first leg in the bat pattern. Then I use Fibonacci ratios for finding the C after retracement to B. Sometimes I miss the trade b/c I deal with V-shaped reversal, so there is no B in the pattern. Bat, Gartley patterns for the retracement and Butterfly, Crab for expansion (above SH or SL)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 11.14 30Mc.png Size: 54 KB
Click to Enlarge Name: WaveABC.PNG Size: 34 KB
Always trade your own plan...I don't provide trading signals.
  • #903
  • Nov 14, 2024 2:32pm Nov 14, 2024 2:32pm
Let's say you decided to trade the swing marked with arrow, you still will be looking for ABC correction and HP. in this case bearish bat pattern. Swing D has multiple Fibonacci ratios giving you a potential resistance zone.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 11.14 30Md.png Size: 59 KB
Always trade your own plan...I don't provide trading signals.
  • #904
  • Edited 10:47pm Nov 14, 2024 4:37pm | Edited 10:47pm
Quoting Coreg2004
Let's say you decided to trade the swing marked with arrow, you still will be looking for ABC correction and HP. in this case bearish bat pattern. Swing D has multiple Fibonacci ratios giving you a potential resistance zone. {image}
Thanks so much for taken your time to give this explanation.

We do similar things but in a different way.

I was so surprised when you mentioned 1st resistance zone hence the need to seek for further clarification.

Appreciate you Always.
Market Structure is the King.....
  • #905
  • Nov 15, 2024 7:45am Nov 15, 2024 7:45am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB
Market Structure is the King.....
  • #906
  • Nov 15, 2024 8:10am Nov 15, 2024 8:10am
Quoting Abeylyn
{image}
...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 11.15 15M.png Size: 59 KB
Always trade your own plan...I don't provide trading signals.
  • #907
  • Nov 15, 2024 9:37am Nov 15, 2024 9:37am
Here's the daily chart of micro ES. If the high is in place, 5726.5 should be tested. It might take awhile.
Attached Image (click to enlarge)
Click to Enlarge Name: MES 12-24 (Daily) 2024_11_15 (10_35_27 AM).png Size: 58 KB
Always trade your own plan...I don't provide trading signals.
  • #908
  • Nov 15, 2024 9:44am Nov 15, 2024 9:44am
Quoting Coreg2004
{quote} Abeylyn, add to it a measured move, symmetry. What happens if bears (in this case) are weaker than previously, and the level breaks? {image}
1.2620 important level. Check the above post. I can't update invesitng.com charts.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 11.15 15Mb.png Size: 52 KB
Always trade your own plan...I don't provide trading signals.
  • #909
  • Nov 15, 2024 10:05am Nov 15, 2024 10:05am
Quoting Coreg2004
{quote} 1.2620 important level. Check the above post. I can't update invesitng.com charts. {image}
Thanks dear brotherly for calling my attention.

I will be extra vigilant to lock in the pips.
Market Structure is the King.....
  • #910
  • Nov 15, 2024 10:29am Nov 15, 2024 10:29am
Quoting Abeylyn
{quote} Thanks dear brotherly for calling my attention. I will be extra vigilant to lock in the pips.
Abeylyn, you got a good ride with this trade. I, as a day trader, don't like to see 20-30 pips evaporate from my profits because I always can jump in again, but it's me. I understand that people trade off higher TF and that kind of retracement doesn't bother them too much. I updated the 15M chart. It's not edited.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 11.15 15Mc.png Size: 55 KB
Always trade your own plan...I don't provide trading signals.
  • #911
  • Nov 15, 2024 12:54pm Nov 15, 2024 12:54pm
Quoting Coreg2004
{quote} Abeylyn, you got a good ride with this trade. I, as a day trader, don't like to see 20-30 pips evaporate from my profits because I always can jump in again, but it's me. I understand that people trade off higher TF and that kind of retracement doesn't bother them too much. I updated the 15M chart. It's not edited. {image}
Usually, I trail with HMA to lock in profit. Besides, I know the precise timing buyers can temporarily takeover.

Above all, it's so nice when a reminder is sent. It serves as refresher to be tactful.

Have a lovely weekend buddy.
Market Structure is the King.....
  • #912
  • Nov 18, 2024 7:32am Nov 18, 2024 7:32am
It's a tricky situation. GU is in a narrow range. If the zone for potential wave 4 holds (1.2647 is the key level),
GU will drop to 1.2585-.xx70. Otherwise, look for T#1 and T#2 of the butterfly pattern to be reached.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 11.18 30M.png Size: 37 KB
Always trade your own plan...I don't provide trading signals.
  • #913
  • Nov 18, 2024 12:30pm Nov 18, 2024 12:30pm
Quoting Coreg2004
It's a tricky situation. GU is in a narrow range. If the zone for potential wave 4 holds (1.2647 is the key level), GU will drop to 1.2585-.xx70. Otherwise, look for T#1 and T#2 of the butterfly pattern to be reached. {image}
update...15M chart
Attached Image (click to enlarge)
Click to Enlarge Name: GU 11.18 15Mb.png Size: 42 KB


https://forex-indicators.net/cycle-i...ott-waves/plan
Attached Image (click to enlarge)
Click to Enlarge Name: Cor3.png Size: 11 KB
Always trade your own plan...I don't provide trading signals.
  • #914
  • Nov 19, 2024 7:46am Nov 19, 2024 7:46am
GU made the ID/NR4 bar yesterday on the daily TF so we can expect increased volatility soon. The first resistance on the 30M chart is at 1.2662.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 11.19 30M.png Size: 33 KB
Always trade your own plan...I don't provide trading signals.
  • #915
  • Nov 19, 2024 8:18am Nov 19, 2024 8:18am
Quoting Coreg2004
GU made the ID/NR4 bar yesterday on the daily TF so we can expect increased volatility soon. The first resistance on the 30M chart is at 1.2662. {image}
My dear Buddy,

please check your DM.

Need to make a reconciliation through you.

Thanks.
Market Structure is the King.....
  • #916
  • Nov 19, 2024 12:20pm Nov 19, 2024 12:20pm
Quoting Coreg2004
GU made the ID/NR4 bar yesterday on the daily TF so we can expect increased volatility soon. The first resistance on the 30M chart is at 1.2662. {image}
Will we get one more push-up, or drop to bearish bat pattern targets?
Attached Image (click to enlarge)
Click to Enlarge Name: GU 11.19 30Mb.png Size: 41 KB
Always trade your own plan...I don't provide trading signals.
  • #917
  • Nov 20, 2024 3:59am Nov 20, 2024 3:59am
Quoting Coreg2004
{quote} Will we get one more push-up, or drop to bearish bat pattern targets? {image}
Yeah! you nailed it.

Excellent resistant zone as always.

What is FVG, an indicator or something else. ?
Market Structure is the King.....
  • #918
  • Nov 20, 2024 7:22am Nov 20, 2024 7:22am
Quoting Abeylyn
{quote} My dear Buddy, please check your DM. Need to make a reconciliation through you. Thanks.
Thanks for the intervention.

The Mask has been unveiled. Thanks for the intervention.

It's better to operate a permanent progressive partnership based on intellectual capacities and not permanent enemy.

Have a nice day trading.
Market Structure is the King.....
  • #919
  • Edited 9:50am Nov 20, 2024 7:24am | Edited 9:50am
Quoting Abeylyn
{quote} Yeah! you nailed it. Excellent resistant zone as always. What is FVG, an indicator or something else. ?
Abeylyn, it works because these zones reflect the collective behavior of all market participants whether they are aware of it or not.Any technical analysis method for finding support/resistance will work; you just need to find out which best suits you. Here is the list.https://forex-indicators.net/support-resistance
11) Harmonic patterns
12) Market profile
13) Supply/demand zones...and on

FVG- fair value gap. You can find on YouTube videos explaining in details how to trade this setup.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 11.20 30Mb.png Size: 41 KB

updated chart, sorry for messing up, still learning Windows 11
Always trade your own plan...I don't provide trading signals.
  • #920
  • Nov 20, 2024 8:04am Nov 20, 2024 8:04am
Quoting Coreg2004
{quote} Abeylyn, it works because these zones reflect the collective behavior of all market participants whether they are aware of it or not.Any technical analysis method for finding support/resistance will work; you just need to find out which best suits you. Here is the list. https://forex-indicators.net/support-resistance 11) Harmonic patterns 12) Market profile 13) Supply/demand zones...and on FVG- fair value gap. You...
Thanks dear brotherly.

Already has some on the chart.

Just the term FVG confusing.
Market Structure is the King.....
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