Coreg's EW+HP+D/W Range

Quoting Coreg2004

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{quote} TL broke... {image}

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Quoting Coreg2004

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{quote} End of the day...GU traded today between midpoints M3 and M2 {image}

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Quoting Coreg2004

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{quote} It's a mess. Inside bar, so it shouldn't be a surprise. {image}

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Quoting Coreg2004

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{quote} Who is going to win this battle? {image}

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Quoting Coreg2004

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{quote} After 2 consecutive ID bars on the daily chart, GU printed an NR4 bar barely poking the prior day's low. Below is a 2H chart to give a wider view what to expect today and tomorrow. GU hit the min target to teh downside at AB=CD @1.3093 but is still below PP and yesterday's close @1.3145. Keep in mind that GU is bearish on the daily TF, but with the incoming data it can change quickly. {image}

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Quoting msqk

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{quote} That TL is magical,78 and 88 are well located for a bounce, that is @ 3054 and 3033 respectively.

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Quoting Coreg2004

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{quote} msqk, all jokes aside, the TL is a very valuable tool if you know how to use it. I am a visual trader, glancing at the chart with the TL or channel tells me expectation atm, nothing else. {image} {image}

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Quoting Whale

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{quote} 1.3054 is a massive weekly midpoint of OB

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Quoting Coreg2004

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{quote} msqk, all jokes aside, the TL is a very valuable tool if you know how to use it. I am a visual trader, glancing at the chart with the TL or channel tells me expectation atm, nothing else. {image} {image}

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Quoting Coreg2004

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{quote} Whale, you are right. This level is reinforced on the daily chart by a solid support zone, but it can be temporary if a bigger pattern is in play, pushing the price to 1.2954. All speculation now, let's stay in the present. {image}

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Quoting msqk

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{quote} I'm slowly gaining confidence in them, an old local proverbs " ONE WHO ONCE WAS BITTEN BY A SNAKE A WIGGLING/DIGGLING STRING TRIGGERS GOOSE BUMPS" well it take efforts to discern the best anchor points cuz not all are reliable.

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Quoting Whale

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{quote} For sure.. im not going to trade todays news Hope for good situation tomorrow morning London time.

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Quoting Coreg2004

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{quote} msqk, there is no guarantee that the next snake will bite you too... Why not use the TL in conjunction with other technical analysis? Let's say you expect correction of AB=CD, then you see TL cross over, would you hesitate to take the trade? Or the TL reinforces Horizontal Line, like PP, you decide to play bounce off it. Did you notice how some people criticize using TL but have no problem taking the trade-off of the H&S pattern when the neckline is broken? Funny. {image}

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Quoting msqk

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{quote} A confluence a longside other thresholds increases the probability, now how do you handle a reversal that breaks the TL before the structure,IB's etc??

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Quoting Coreg2004

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{quote} ... BPC (breakout, pullback, continuation) {image} {image} {image}

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Quoting msqk

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{quote} Saved them into my vault, well a quick one, I anchor the TL on the latest two confirmed swings, reason along the swing from the extreme to the latest you might find some swing protrudes the TL, does that affects the effectiveness of the TL??

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Quoting msqk

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{quote} Forest and similar sectors are discrete, and the law of silence applies across the board: "Learn from the best". When a trader of your calibre shares a nugget, it's not JUST a nugget but a valuable resource to anyone eager to learn and advance from the current level. I'm not a perfectionist, but until something makes sense from my own point of view, I dare not engage. I had to thoroughly re-look the TLs from a different perspective, especially the anchor points, and for sure it's mind-blowing.

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Quoting Coreg2004

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{quote} Whale, you are right. This level is reinforced on the daily chart by a solid support zone, but it can be temporary if a bigger pattern is in play, pushing the price to 1.2954. All speculation now, let's stay in the present. {image}

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Quoting Coreg2004

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{quote} Hold 'em or fold 'em? {image}

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Quoting Whale

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{quote} i just enter GU long @ 1.3073 30m no man's land 15m could find support. i have sl, tp is open. {image}

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