Friday bonus, gold 30M.

Coreg's EW+HP+D/W Range

1.3269 and 1.3234 levels to watch for potential LOD. The long-awaited 1.3195 is looming in the background. image I corrected the S1 level.

Coreg's EW+HP+D/W Range

In GU, the second zone stopped advancement. When the trade is triggered, take what the market offers you, 20/30 pips. That's fine, just get paid for the time spent in front of the computer. Sure, you can hold for the targets from HTFs (1H,4H, daily)

Coreg's EW+HP+D/W Range

Decision zone on the 30M chart, entry on the 5M trigger chart. We never know in advance which zone will hold, that's why the PA on the trigger chart tells us when to enter the trade.

Coreg's EW+HP+D/W Range

Just know your playbook. After ABC, continuation to the downside. on the break of the TL. I can't have all of them. GU, MES, Gold...ufff.

Coreg's EW+HP+D/W Range

Whale, the daily ATR (14) for gold is 180 pips/points, so I don't look for 4H or daily charts to trade off b/c my stop-loss would have to be about $2700. I'm not willing to risk that kind of money. 3886 on the daily chart is a possible target b/c ...

Coreg's EW+HP+D/W Range

It seems that gold has found support for today. We trade away from the decision box after the trade is activated with PA on the 5M chart. Stop-loss is about $200 (MGC;$10 per point)

Coreg's EW+HP+D/W Range

Whale, here is the daily chart. I need to update the 30M gold spot chart b/c I trade micro gold futures (MGC)

Coreg's EW+HP+D/W Range

birdlan, reasonable target. Be aware of a painful drive down. By now, after 2 inside days, Tokyo and London should drop it further. Let's see.

Coreg's EW+HP+D/W Range

Whale, nice entry. Let's, for now, target 1.3309 and 1.3293, and as low as 1.3259 for today. Just remember, any number in the yellow box can reverse the trend on the 30M chart.

Coreg's EW+HP+D/W Range

Impossible is nothing in the markets.

Coreg's EW+HP+D/W Range

Many traders do not trade inside bars in choppy, sideways markets after WRB, but I can't resist. Today, the problem is that MES (micro S&P futures) is doing the same, though poked above YH.

Coreg's EW+HP+D/W Range

Whale, for now, let's hope we won't have the second consecutive inside day bar...

Coreg's EW+HP+D/W Range

dude 007, Tokyo tried, London tried, and NY tried to take out YH, all failed so far. What are the odds that NY will do this alone after London closes?

Cable Update (GBPUSD)

Whale, correct, same thinking. We still don't know if wave 5 is in place; that's why on my daily chart I marked it with 3 question marks (???). It might be why trading is so sluggish. image Added: The low on March 13th @1.3217 can be part of the ...

Coreg's EW+HP+D/W Range

Q: How many times back-to-back inside day bars were printed on the British pound chart in the last 100 trading days A: image

Coreg's EW+HP+D/W Range

Yes, I trade breakouts. All analysis for the next day is done after market close (5 p.m. NY time). Adjustment can be done during the trading day. Yesterday, GU printed the ID bar on the daily TF. It's reasonable to expect today that at least one end ...

Coreg's EW+HP+D/W Range

birdland, that's what I thought. Treat it as a horizontal line (Sperando's 2B).

Coreg's EW+HP+D/W Range

TooSlow, I primarily trade prior day range and take any trade that presents a possibility to make 25-30 pips, entering with trigger on 5M TF. I'm a happy camper if I get 30-60 pips per day, not necessarily in one trade. In other words, I swing like ...

Coreg's EW+HP+D/W Range

birdland, how valid is the monthly open after so many crossovers on 1H TF? I'm asking b/c I've never used it in my trading. The highest is the weekly range with WH/WL.

Coreg's EW+HP+D/W Range