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Coreg's EW+HP+D/W Range

  • #961
  • Dec 9, 2024 8:00am Dec 9, 2024 8:00am
Potential bearish shark pattern in the S&P 500 market.
Attached Image (click to enlarge)
Click to Enlarge Name: MES 12-24 (Daily) 2024_12_09 (10_56_09 AM).png Size: 54 KB
Always trade your own plan...I don't provide trading signals.
  • #962
  • Dec 10, 2024 5:27am Dec 10, 2024 5:27am
Quoting Coreg2004
{quote} Update... {image}
The guessing game continues...up or down?
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12.10 60M.png Size: 56 KB

Quoting Coreg2004
1.2738 is an important level for bulls to hold.
1.2738 holds firmly so far for the third day.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12.10 daily.png Size: 41 KB
Always trade your own plan...I don't provide trading signals.
  • #963
  • Dec 10, 2024 6:03am Dec 10, 2024 6:03am
Quoting Coreg2004
{quote} The guessing game continues...up or down? {image} {quote} 1.2738 holds firmly so far for the third day. {image}
bought 2749.

stop 2743
Intraday only.
  • #964
  • Dec 10, 2024 6:10am Dec 10, 2024 6:10am
Quoting navk
{quote} bought 2749. stop 2743
Same here.... In a free ride Buy.
Market Structure is the King.....
  • #965
  • Dec 10, 2024 6:10am Dec 10, 2024 6:10am
Quoting navk
{quote} bought 2749. stop 2743
navk, tight stop loss. I'm on the sideline so far. Stalking gold (futures) and micro sp500.
Always trade your own plan...I don't provide trading signals.
  • #966
  • Dec 10, 2024 7:47am Dec 10, 2024 7:47am
Quoting Coreg2004
If you follow the Dollar chart trading majors here is one. BPC stands for breakout, pullback, continuation. {image}
Dollar index doesn't give up
Attached Image (click to enlarge)
Click to Enlarge Name: DXY 12.10 daily.png Size: 41 KB
Always trade your own plan...I don't provide trading signals.
  • #967
  • Edited 8:38am Dec 10, 2024 8:01am | Edited 8:38am
Quoting Coreg2004
{quote} ThaoAnh, just Coreg with 27 years of experience.
Coreg sir, your years of experience is more than my existence
More time in the market, does not mean you trade better!
  • #968
  • Dec 10, 2024 9:41am Dec 10, 2024 9:41am
Quoting Fardeen1209
{quote} Coreg sir, your years of experience is more than my existence
Fardeen, I've told you, I wish I had your knowledge when I was in your age. I lost 3 years reading companies balance sheets looking for a value stocks, although, I knew it was waste of time b/c TA was showing point of entry and exit.
Always trade your own plan...I don't provide trading signals.
  • #969
  • Dec 10, 2024 4:20pm Dec 10, 2024 4:20pm
Quoting Coreg2004
{quote} Fardeen, I've told you, I wish I had your knowledge when I was in your age. I lost 3 years reading companies balance sheets looking for a value stocks, although, I knew it was waste of time b/c TA was showing point of entry and exit.
It comes with a lot of sacrifice and struggle. The best thing happen to me is you and Pat, i get a slice of you both years of experience, at young age.

Whatever the career, having the right guidance put a disciple years ahead.
More time in the market, does not mean you trade better!
  • #970
  • Dec 11, 2024 5:27am Dec 11, 2024 5:27am
Yesterday GU made ID/NR4 bar on the daily TF increased volatility expected.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12.11 30M.png Size: 54 KB
Always trade your own plan...I don't provide trading signals.
  • #971
  • Dec 11, 2024 5:35am Dec 11, 2024 5:35am
Quoting Coreg2004
Yesterday GU made ID/NR4 bar on the daily TF increased volatility expected. {image}
nice chart… I’m on the same page.
  • #972
  • Dec 11, 2024 5:39am Dec 11, 2024 5:39am
Quoting Whale
{quote} nice chart… I’m on the same page.
Whale, watch out, GU ranging for 4 days. I hate to be glued to the screen b/c I might miss the trade. But it's the nature of the business (day trading).
Always trade your own plan...I don't provide trading signals.
  • #973
  • Dec 11, 2024 5:44am Dec 11, 2024 5:44am
Quoting Coreg2004
{quote} Whale, watch out, GU ranging for 4 days. I hate to be glued to the screen b/c I might miss the trade. But it's the nature of the business (day trading).
im well aware to the risk my friend.


My SL is set on BE
  • #974
  • Dec 11, 2024 6:26am Dec 11, 2024 6:26am
Im longing GU but My view of dxy is strong long.
paradox
  • #975
  • Dec 11, 2024 7:08am Dec 11, 2024 7:08am
Quoting Whale
Im longing GU but My view of dxy is strong long. paradox
Whale, according to my trading method the longs in GU are OK as long as price is above 1.2702.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12.11 30Mb.png Size: 52 KB

The bears have to give up defending higher levels on the daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12.11 daily.png Size: 36 KB
Always trade your own plan...I don't provide trading signals.
  • #976
  • Dec 11, 2024 8:00am Dec 11, 2024 8:00am
Quoting Coreg2004
Potential bearish shark pattern in the S&P 500 market. {image}
Mr coreg, per market structure,
Wave 5 is not yet over.
More up is likely to unfold
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241211_195231.jpg Size: 239 KB

Apologise for the chart, as it is shit on mobile.
Setup was pointed in this post.
Quoting Fardeen1209
{quote} Hi bro, i rhink 6020 Daily RSF/BO+RT becomes the decision point for fold or hold.
6700 is still my next quarter target.
More time in the market, does not mean you trade better!
  • #977
  • Dec 11, 2024 8:27am Dec 11, 2024 8:27am
Quoting Fardeen1209
{quote} Mr coreg, per market structure, Wave 5 is not yet over. More up is likely to unfold {image} Apologise for the chart, as it is shit on mobile. Setup was pointed in this post. {quote} 6700 is still my next quarter target.
Fardeen, the pattern on the daily chart is unclear or at least confusing for me. On my intraday TF (10K volume), I labeled possible 5 fractals down, which can be a first leg down from the ABC zig-zag pattern. A new high will invalidate this marking.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MES 12-24 (Daily) 2024_12_11 (11_18_46 AM).png Size: 60 KB
Click to Enlarge Name: MES 12-24 (10000 Volume) 2024_12_11 (11_25_48 AM).png Size: 104 KB
Always trade your own plan...I don't provide trading signals.
  • #978
  • Dec 11, 2024 8:44am Dec 11, 2024 8:44am
Quoting Coreg2004
{quote} Fardeen, the pattern on the daily chart is unclear or at least confusing for me. On my intraday TF (10K volume), I labeled possible 5 fractals down, which can be a first leg down from the ABC zig-zag pattern. A new high will invalidate this marking. {image} {image}
Indices i saw it is difficult for me to search for intraday setup. Anything i touch must appear on daily timeframe. If it doesnot appear on daily i dont trigger orders (as any setup lower than daily tf do not only give low probability for price to unfold per the plan, but also do not get the bounce to at least take some partial).

Only when price reach my daily tf zone, i dance between 1mins to 30mins to look for entry for swing trade.

Couple time i saw it, a new manipulation maneuver set by market markers for corrective wave 2 and 4,which takes 5 fractals. Its been at least 10th times i saw this. They are more often in gold. It becomes more and more difficult to perceive a correction, as they often take the form of traditional swing reversal (i.e first counter wave 5 fractals).

I read it once on an elliot wave articular, someone said that it becomes more often for corrective waves(2 and 4) to take 5 fractals while first wave of reversal takes only 3 (W1 takes the form of 3 fractals) in commodity market.
More time in the market, does not mean you trade better!
  • #979
  • Dec 11, 2024 9:34am Dec 11, 2024 9:34am
Quoting Fardeen1209
{quote} Indices i saw it is difficult for me to search for intraday setup. Anything i touch must appear on daily timeframe. If it doesnot appear on daily i dont trigger orders (as any setup lower than daily tf do not only give low probability for price to unfold per the plan, but also do not get the bounce to at least take some partial). Only when price reach my daily tf zone, i dance between 1mins to 30mins to look for entry for swing trade. Couple time i saw it, a new manipulation maneuver set by market markers for corrective wave 2 and...
Fardeen, I do the same. The daily levels are the most important, and I use them as targets or entry points. The daily ATR(14) is 50 points so there is always the chance to take a nice chunk of change from the market intraday basis. Runs like today are very rare (one direction from data announcement). A new high is very likely but I'm out of longs. The upper level in the yellow box reached. Hopefully, I won't bi(a)tch that I left too much money on the table.
Attached Image (click to enlarge)
Click to Enlarge Name: MES 12-24 (10000 Volume) 2024_12_11 (12_34_17 PM).png Size: 105 KB
Always trade your own plan...I don't provide trading signals.
  • #980
  • Dec 11, 2024 9:59am Dec 11, 2024 9:59am
Quoting Coreg2004
{quote} Fardeen, I do the same. The daily levels are the most important, and I use them as targets or entry points. The daily ATR(14) is 50 points so there is always the chance to take a nice chunk of change from the market intraday basis. Runs like today are very rare (one direction from data announcement). A new high is very likely but I'm out of longs. The upper level in the yellow box reached. Hopefully, I won't bi(a)tch that I left too much money on the table. {image}
I also use your ATR (14) daily 80% 100% and 120% for daily exhaustion. Match it with market structure i often get the idea where daily candle is most likely to close.

When i was trading only forex pairs i would frequently tend to close a trade before a daily close.
But when i read market wizards, a trader said the most yielding trades comes from holding your trade overnight instead following senior traders giving the advice to juniors to close their trades before market close (so the seniors get to be the opposite traders to the juniors in the late hours of the day) and hold their trade overnight. While the following day we may not get the chance to be on board and/or even if we get to be, it comes at a greater cost.
At that time i didnot understand what the latter meant by that, but indices and metals showed when price leave a range, it tends not to stop, and often the next day we dont get a low risk trade, therefore we sit tight on our hand while let it unfolds without us, which we could be in the ride if we wouldnt close the yesterday's position.
More time in the market, does not mean you trade better!
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