Coreg's EW+HP+D/W Range

Quoting Coreg2004

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{quote} Warning...{image} {image} Added: GU for now is weak. Unable to hit at least PP during 2 full sessions.

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Quoting Coreg2004

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{quote} msqk, you have very good calls. Basically, I'm a range trader looking for EW patterns, HPs inside daily, weekly ranges. The daily chart keeps me from doing something stupid. I also check other traders' charts; it saved me on a few occasions from going the wrong direction after giving a second thought.

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Quoting msqk

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{quote} The warning is valid, I agree, but I'm forward testing something I noticed and testing it's credibility and sustainability. The TL anchor @3026 missed some threshold for a valid TL anchor from my point of view.

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Quoting Coreg2004

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{quote} I don't know which one. I use standard methods to trade with TLs and channels. {image} {image}

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Quoting msqk

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{quote} Save it for later ..... I have done exactly that. IT'S A GEM Well TL as a standalone breakout scares me due to their subjectiveness nature, so I developed an underlying shresh-hold to make it at least reliable, and it has presented, so I'm on it though on a softer approach, if out of control I let go.

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Quoting Coreg2004

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{quote} msqk, there is nothing subjective about trading with TL. I use them to time the entry and also as a stop loss, reverse (SAR). If you use traditional patterns in your trading (flag, wedge, triangle, or EW patterns; an ending diagonal wave, etc), it gives you a precise point when to enter. I convince myself it's a very useful tool after reading the books of V.Sperandeo and P.Brandt. A diagonal TL is no different than a horizontal TL. You can erase subjectivity if you set the rules for how to draw them. I use Sperandeo's guidelines. {image}...

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Quoting Coreg2004

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Inside day bar printed yesterday. {image}

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Quoting Coreg2004

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{quote} GU in the potential zone for the end of wave 5...1.3113-1.3121 {image}

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Quoting Whale

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{quote} must be now, else its a bullish 1h i already short 1.31185 1st target 1.304

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Quoting Whale

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{quote} must be now, else its a bullish 1h i already short 1.31185 1st target 1.304

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Quoting Coreg2004

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{quote} Whale, watch the zone between 1.3076-1.3064 if GU gets there. The market has a memory. Chart added. Here is how it looks on the 15M chart. {image}

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Quoting Whale

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{quote} Coreg, I know I asked it before, I do not remember the answer. I’m sure I read some book that you mention the name of it. and the count still valid even if 4th touch 1st top but didn’t close in the range. Right? Like in the screen shot below. {image}

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Quoting Coreg2004

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{quote} Whale, I'm eyeing the same setup. Breakout, pullback, continuation (BPC)...but I don't want GU to trade higher than 1.3074, although the setup is valid as long as YH holds. But this is swing trading, and I trade off the 30M charts. {image}

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Quoting Coreg2004

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{quote} Here is the analysis from the daily TF presented on the 1H chart, and why I pointed out the importance of the 1.3074 level. After the price got deep inside the channel, failure of wave 4 was inevitable (the first bar after London open), and an adjustment was necessary. {image}

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Quoting fex.

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thank you for providing Coreg, i expected some liquidity at least in the upper zones, before it fell back below the monthly open {image}

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Quoting Coreg2004

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{quote} fex, very nice. 1.3186 can be the magnet for today. {image}

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Quoting Whale

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{quote} strange I must say. lost 25 pips today on my short after London break Asian low.. I was sure it will go down all the way. Dxy still in the begging of fresh bullish trend I hate Fridays

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