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Coreg's EW+HP+D/W Range

  • #981
  • Dec 11, 2024 12:42pm Dec 11, 2024 12:42pm
Quoting Fardeen1209
{quote} 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...
Fardeen, as long as we are mindful that our labeling can be off and have alternative scenarios as a backup all is good in my opinion. I know that my 1-5 pattern can be ABC, if we know our steps after the section is completed it should be no problem to adjust.
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Always trade your own plan...I don't provide trading signals.
  • #982
  • Dec 11, 2024 12:48pm Dec 11, 2024 12:48pm
Quoting Fardeen1209
{quote} 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...
I closed my trade when the market hit 110% daily ATR(14) (54.5 pts). Since then added 2.5 pts. The afternoon session starts now.
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Always trade your own plan...I don't provide trading signals.
  • #983
  • Dec 11, 2024 10:33pm Dec 11, 2024 10:33pm
Good day, Coreg sir, tried to see your bearish view, i come up to this setup.
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Swing sell will be validated only after TL breakout, we will probably see 5300 in no time, if we broke down.

Untill then price is still tilted to the upside. But today with candle failed to break to a new high, while nas100 already do, we could still see 2nd scenario, as PPI is expected to be hot, input costs are rising more rapidly than selling prices leading to falling margin of businesses.
More time in the market, does not mean you trade better!
  • #984
  • Dec 12, 2024 7:17am Dec 12, 2024 7:17am
Quoting Fardeen1209
Good day, Coreg sir, tried to see your bearish view, i come up to this setup. {image} Swing sell will be validated only after TL breakout, we will probably see 5300 in no time, if we broke down. Untill then price is still tilted to the upside. But today with candle failed to break to a new high, while nas100 already do, we could still see 2nd scenario, as PPI is expected to be hot, input costs are rising more rapidly than selling prices leading to falling margin of businesses.
Fardeen, I always go with the first possible pattern. In this case, I would choose an ending diagonal if the prior high is taken out.
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  • #985
  • Dec 12, 2024 7:37am Dec 12, 2024 7:37am
Quoting Coreg2004
{quote} Whale, according to my trading method the longs in GU are OK as long as price is above 1.2702. {image} The bears have to give up defending higher levels on the daily chart. {image}
Same 'ol, same 'ol. Ranging for the 5th day. 1.2702 still to watch as the most important level for swing traders.
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Always trade your own plan...I don't provide trading signals.
  • #986
  • Dec 12, 2024 9:13am Dec 12, 2024 9:13am
Quoting Coreg2004
{quote} Same 'ol, same 'ol. Ranging for the 5th day. 1.2702 still to watch as the most important level for swing traders. {image}

i dont know how you setup ur chart but it so similar to mine..


keep it up
MY OPINION NOT FINANCIAL ADVISE
  • #987
  • Dec 12, 2024 9:32am Dec 12, 2024 9:32am
Quoting donfriday
{quote} i dont know how you setup ur chart but it so similar to mine.. keep it up
Don, that mean you are also very good at TA... Like I've said many times, I go with the first possible pattern and watch if the zone will hold or not. Failure also tells us something so it's not the end of the world. I read your comments and I know we are often on the same page.
Always trade your own plan...I don't provide trading signals.
  • #988
  • Edited 11:42am Dec 12, 2024 11:29am | Edited 11:42am
Quoting Coreg2004
{quote} Same 'ol, same 'ol. Ranging for the 5th day. 1.2702 still to watch as the most important level for swing traders. {image}
Update... failure of the triple bottom, H&S???
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...or bullish bat pattern???
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Always trade your own plan...I don't provide trading signals.
  • #989
  • Dec 12, 2024 6:51pm Dec 12, 2024 6:51pm
Possible scenarios to play for Tokyo session.
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Always trade your own plan...I don't provide trading signals.
  • #990
  • Dec 13, 2024 6:44am Dec 13, 2024 6:44am
GOLD

Hi,
I'm new to EW.
Here is my view on gold.

Going LONG to scalp until "B" or "2"
Any constructive comment welcome.

If you need clarification . please ask
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Thanks
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #991
  • Edited 8:53am Dec 13, 2024 8:02am | Edited 8:53am
Quoting Pat Chiko
GOLD Hi, I'm new to EW. Here is my view on gold. Going LONG to scalp until "B" or "2" Any constructive comment welcome. If you need clarification . please ask {image} Thanks
Pat, why don't you wait for the end of wave v:5 to see if momentum changes? Sure, there's nothing wrong with entering at the beginning of the zone, but the stop-loss for me is too big unless I decide to go with half of my position to have the chance to add on.
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Added:
How can we check if wave V is finished? We drop to lower TF (15M) and examine leg iv-v to see if we have 5 fractals.
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If you are a fan of EW drop to 5M TF and examine leg (4)-(5) if we have 5 fractals...
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if wave V is completed the min target is 38.2-50% of I-V
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Always trade your own plan...I don't provide trading signals.
  • #992
  • Dec 13, 2024 8:17am Dec 13, 2024 8:17am
Quoting Coreg2004
{quote} Pat, why don't you wait for the end of wave v:5 to see if momentum changes? Sure, there's nothing wrong with entering at the beginning of the zone, but the stop-loss for me is too big unless I decide to go with half of my position to have the chance to add on. {image} {image}
GOLD

Thanks for sharing your view Bro.

From my inexperienced perspective, the setup looks ready for a corrective move, either a 'B' or an 'EW 2' (I lean towards EW 2).
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The price is now hitting a major support level with RSF and OB right there, plus it aligns with the 50% Fib level.
To avoid FOMO and minimize potential damage, I’m placing a buy stop with a stop-loss just below the lowest point of the current candle.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #993
  • Dec 13, 2024 9:16am Dec 13, 2024 9:16am
Quoting Pat Chiko
{quote} GOLD Thanks for sharing your view Bro. From my inexperienced perspective, the setup looks ready for a corrective move, either a 'B' or an 'EW 2' (I lean towards EW 2). {image} The price is now hitting a major support level with RSF and OB right there, plus it aligns with the 50% Fib level. To avoid FOMO and minimize potential damage, I’m placing a buy stop with a stop-loss just below the lowest point of the current candle.
Pat, gold still didn't make HH, not even on the 1M chart. There is potential for an ending diagonal in the making.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #994
  • Dec 13, 2024 9:31am Dec 13, 2024 9:31am
Quoting Coreg2004
{quote} Pat, gold still didn't make HH, not even on the 1M chart. There is potential for an ending diagonal in the making. {image}
Gaza boy is right
  • #995
  • Dec 13, 2024 9:52am Dec 13, 2024 9:52am
Quoting Coreg2004
{quote} Pat, gold still didn't make HH, not even on the 1M chart. There is potential for an ending diagonal in the making. {image}
and this will conclude live play-by-play in setting the gold trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold 12.13 5Mc.png Size: 43 KB
Always trade your own plan...I don't provide trading signals.
  • #996
  • Dec 13, 2024 10:07am Dec 13, 2024 10:07am
Quoting Whale
{quote} Gaza boy is right
Whale, I love you man but no $heet in this thread, please.
Always trade your own plan...I don't provide trading signals.
  • #997
  • Dec 13, 2024 10:15am Dec 13, 2024 10:15am
Quoting Pat Chiko
{quote} GOLD Thanks for sharing your view Bro. From my inexperienced perspective, the setup looks ready for a corrective move, either a 'B' or an 'EW 2' (I lean towards EW 2). {image} The price is now hitting a major support level with RSF and OB right there, plus it aligns with the 50% Fib level. To avoid FOMO and minimize potential damage, I’m placing a buy stop with a stop-loss just below the lowest point of the current candle.
GOLD

Great view, Coreg!

Honestly, I’m not sure how to trade on M30 or lower timeframes.
I can see how price action unfolds there, but it just doesn’t make sense to me.

That said, I’ve incorporated your trade ideas and perspective, using the H4 structure to guide my entry.
In this case, I canceled my buy stop and entered at the market price instead.

The price has rejected the SRF zone and lined up with the 61% Fibonacci level.
Hope this works out and hits the next target above.

Just sharing my view—not as a professional but as a keen learner of EW.

Attached Image (click to enlarge)
Click to Enlarge Name: gold 061.jpg Size: 143 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #998
  • Edited 10:42am Dec 13, 2024 10:31am | Edited 10:42am
Quoting Pat Chiko
{quote} GOLD Great view, Coreg! Honestly, I’m not sure how to trade on M30 or lower timeframes. I can see how price action unfolds there, but it just doesn’t make sense to me. That said, I’ve incorporated your trade ideas and perspective, using the H4 structure to guide my entry. In this case, I canceled my buy stop and entered at the market price instead. The price has rejected the SRF zone and lined up with the 61% Fibonacci level. Hope this works out and hits the next target above. Just sharing my view—not as a professional but as a keen learner...
Pat, I basically trade the last day range that's why I use smaller TF (15, 5M). Never risk more than 15-30 pips depending on the size of my lot or number of contracts.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #999
  • Dec 13, 2024 11:03am Dec 13, 2024 11:03am
Quoting Coreg2004
{quote} Pat, I basically trade the last day range that's why I use smaller TF (15, 5M). Never risk more than 15-30 pips depending on the size of my lot or number of contracts. {image}
Cool, bro!
Yeah, there’s always room for improvement.
Need to keep learning from well-informed traders to build consistent profits.

Have a great weekend!
I might wrap up this year’s trading next week.
Planning to take a break as the market slows down and enjoy some holiday time.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,000
  • Dec 13, 2024 11:36am Dec 13, 2024 11:36am
Quoting Coreg2004
{quote} Update... failure of the triple bottom, H&S???{image} ...or bullish bat pattern???{image}
The bullish bat pattern didn't hold. Chart with the lower zones.
A new chart with an expended view.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12.13 60Mc.png Size: 62 KB
Always trade your own plan...I don't provide trading signals.
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