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Coreg's EW+HP+D/W Range

  • #2,561
  • Edited 5:23am Apr 20, 2026 5:02am | Edited 5:23am
Quoting Coreg2004
{quote} If GU trades below 1.3479, wave C is in place, and a deeper correction is in order. {image}
1.3479 held on the first test. If the high is in place, more downside should be expected, but first, we look for one of the resistance zones (marked on the chart) to hold.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 66 KB

I updated PPs levels.
Always trade your own plan...I don't provide trading signals.
  • #2,562
  • Apr 21, 2026 5:16am Apr 21, 2026 5:16am
Quoting Coreg2004
{quote} 1.3479 held on the first test. If the high is in place, more downside should be expected, but first, we look for one of the resistance zones (marked on the chart) to hold.{image} I updated PPs levels.
GU is at a critical point for today. Are we going to get a breakout or a bounce of the TL?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 72 KB

The daily chart is still in sideways to up mode.
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Click to Enlarge Name: screenshot.webp Size: 57 KB
Always trade your own plan...I don't provide trading signals.
  • #2,563
  • Apr 21, 2026 10:18am Apr 21, 2026 10:18am
Quoting Coreg2004
{quote} GU is at a critical point for today. Are we going to get a breakout or a bounce of the TL?{image} The daily chart is still in sideways to up mode. {image}
GU makes another attempt to break 1.3479
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Click to Enlarge Name: screenshot.webp Size: 72 KB
Always trade your own plan...I don't provide trading signals.
  • #2,564
  • Apr 22, 2026 5:18am Apr 22, 2026 5:18am
Quoting Coreg2004
{quote} GU makes another attempt to break 1.3479 {image}
For the 3rd day, GU is trading in a tight range. It's difficult for day traders, especially if you trade only one session, as I do. It is what it is. The resistance zone is between 1.3530 and 1.3545, and support is close to 1.3475. We need some force, a.k.a unexpected news, to take them out.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 04.22 1H.jpg Size: 73 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GU 04.22 15M.jpg Size: 59 KB
Always trade your own plan...I don't provide trading signals.
  • #2,565
  • Apr 22, 2026 5:56am Apr 22, 2026 5:56am
Quoting Coreg2004
{quote} For the 3rd day, GU is trading in a tight range. It's difficult for day traders, especially if you trade only one session, as I do. It is what it is. The resistance zone is between 1.3530 and 1.3545, and support is close to 1.3475. We need some force, a.k.a unexpected news, to take them out. {image} {image}

yes, its really anoying and i dont like to jump from one instrument to another.

a scalper has clear advantages in these markets compared to a daytrader.
trading is like dancing, don't think and just listen to the music!
  • #2,566
  • Apr 22, 2026 6:25am Apr 22, 2026 6:25am
Quoting birdland
{quote} yes, its really anoying and i dont like to jump from one instrument to another. a scalper has clear advantages in these markets compared to a daytrader.
That's what I do during the NY session. +13+20+5+18+30 (all taken on the 5M chart). But I'm so engrossed in trading GU that I missed a very good trade in gold yesterday.
Always trade your own plan...I don't provide trading signals.
  • #2,567
  • Apr 22, 2026 7:00am Apr 22, 2026 7:00am
Quoting Coreg2004
{quote} That's what I do during the NY session. +13+20+5+18+30 (all taken on the 5M chart). But I'm so engrossed in trading GU that I missed a very good trade in gold yesterday.

may i ask how long are you holding these trades today? because your pips are great for itself! i added them to +86, or am i wrong?
trading is like dancing, don't think and just listen to the music!
  • #2,568
  • Apr 22, 2026 7:49am Apr 22, 2026 7:49am
Quoting birdland
{quote} may i ask how long are you holding these trades today? because your pips are great for itself! i added them to +86, or am i wrong?
birdland, I wish it were from today. That's the last 2 days.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 04.21 5M.jpg Size: 65 KB

I posted this chart yesterday. They caught me on the bounce of the TL.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 04.21 30M.png Size: 75 KB
Always trade your own plan...I don't provide trading signals.
  • #2,569
  • Apr 22, 2026 11:37pm Apr 22, 2026 11:37pm
Quoting Coreg2004
{quote} birdland, I wish it were from today. That's the last 2 days. {image} I posted this chart yesterday. They caught me on the bounce of the TL.{image}

Oh, you're averaging it out? I've been doing that lately, too;-)
trading is like dancing, don't think and just listen to the music!
  • #2,570
  • Apr 23, 2026 5:33am Apr 23, 2026 5:33am
Quoting birdland
{quote} Oh, you're averaging it out? I've been doing that lately, too;-)
birdland, when I get into the trade with half a position b/c the next support or resistance is close by, I average. You can always play with the size of your lot. Let's say you don't want to risk more than $150, and the end of the support or resistance zone is 30 pips away, so that you will trade with 0.5 standard lot. I believe SL shouldn't be larger than 30 pips for day trading b/c it's often 1/3 of the daily range. There are many ways to manage the trade. Don't be afraid to experiment and adjust to your personality. This week I was averaging twice, and I was in the DD 22 and 25 pips, respectively.
Birdland, I'm flat at the end of the day. I held the trade from the prior day two times this month. I'm a 30-60 pips/day guy, and this is doable during the NY session, though often not in a single trade.
Always trade your own plan...I don't provide trading signals.
  • #2,571
  • Apr 23, 2026 5:41am Apr 23, 2026 5:41am
Quoting Coreg2004
{quote} For the 3rd day, GU is trading in a tight range. It's difficult for day traders, especially if you trade only one session, as I do. It is what it is. The resistance zone is between 1.3530 and 1.3545, and support is close to 1.3475. We need some force, a.k.a unexpected news, to take them out. {image} {image}
And the same story continues. Be aware that the GU printed ID/NR4 bar yesterday. An increase in volatility should be expected.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.webp Size: 67 KB
Always trade your own plan...I don't provide trading signals.
  • #2,572
  • Apr 23, 2026 10:26am Apr 23, 2026 10:26am
Quoting Coreg2004
{quote} And the same story continues. Be aware that the GU printed ID/NR4 bar yesterday. An increase in volatility should be expected. {image}
Target zones on 15M chart after the break of support at 1.3479
Attached Image (click to enlarge)
Click to Enlarge Name: GU 04.23 15M.jpg Size: 76 KB
Always trade your own plan...I don't provide trading signals.
  • #2,573
  • Apr 23, 2026 8:02pm Apr 23, 2026 8:02pm
Quoting Abeylyn
{quote} Eyeing 1.3410.
Quoting Mitiblotch
{quote} Price must give me 3430. No retreat, no surrender.
I will settle in the middle...1.3420
Attached Image (click to enlarge)
Click to Enlarge Name: GU 04.24 30M.jpg Size: 75 KB
Always trade your own plan...I don't provide trading signals.
  • #2,574
  • Apr 24, 2026 1:18am Apr 24, 2026 1:18am
Quoting Coreg2004
{quote} {quote} I will settle in the middle...1.3420 {image}
I actually opened my chart to see that on my both accounts my TP is actually 3420. So, we are in tandem.
  • #2,575
  • Apr 24, 2026 1:28am Apr 24, 2026 1:28am
good, everyone has given targets, but I want to know the stoploss as well, because there is no target without stoploss.
  • #2,576
  • Apr 24, 2026 2:14am Apr 24, 2026 2:14am
Quoting Just-Trade
good, everyone has given targets, but I want to know the stoploss as well, because there is no target without stoploss.
My SL is 3560 for this trade. I set it arbitrarily. Some times I don't use a SL because my trade volume is small compared to the account and can allow for whatever whiplash price wants to do. Sometimes if price breaks structure in a way I don't like I can quickly close the trade even before price hits SL.
  • #2,577
  • Apr 24, 2026 5:04am Apr 24, 2026 5:04am
Quoting Just-Trade
good, everyone has given targets, but I want to know the stoploss as well, because there is no target without stoploss.
Just-Trade, my stop loss is always above/below SH/SL before the entry. In this case, SL hit with -10 pips. I wasn't at the computer, so I didn't average this time.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 04.24 30Mb.jpg Size: 75 KB
Always trade your own plan...I don't provide trading signals.
  • #2,578
  • Apr 24, 2026 5:07am Apr 24, 2026 5:07am
Quoting Mitiblotch
{quote} My SL is 3560 for this trade. I set it arbitrarily. Some times I don't use a SL because my trade volume is small compared to the account and can allow for whatever whiplash price wants to do. Sometimes if price breaks structure in a way I don't like I can quickly close the trade even before price hits SL.
Miti, I thought that 1.3479 would hold b/c was tested so many times and the bears lost the battle. I was wrong to think I could make money sleeping. The first resistance zone was busted.
Always trade your own plan...I don't provide trading signals.
  • #2,579
  • Apr 24, 2026 5:22am Apr 24, 2026 5:22am
Quoting Mitiblotch
{quote} I actually opened my chart to see that on my both accounts my TP is actually 3420. So, we are in tandem.
Miti, from the daily TF, 1.3430 wasn't a bad target.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 04.24 daily.jpg Size: 56 KB
Always trade your own plan...I don't provide trading signals.
  • #2,580
  • Apr 24, 2026 5:57am Apr 24, 2026 5:57am
Quoting Coreg2004
{quote} Miti, from the daily TF, 1.3430 wasn't a bad target. {image}
Yes. We should still get it. Just the war shenanigans causing small timeframe spikes.
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