Now we should target 1.3148 on the daily TF; the first level in the zone for potential end of wave 5. image 15M chart, setups for today only. image

Coreg's EW+HP+D/W Range

GU made the move to the upside of 59 pips overnight and is now sitting in the potential reversal zone for the day. Strong resistance zone is between 1.3280 and 1.3290.

Coreg's EW+HP+D/W Range

Case study...Last week's PA on 30M TF.

Coreg's EW+HP+D/W Range

The resistance zone was too strong to be overcome on the first try.

Coreg's EW+HP+D/W Range

image J is April M is June Schwab...ToS platform. image

Gold with No Drama

It means the April contract is about to expire. Besides, the June contract has better liquidity (spread is lower)

Gold with No Drama

For those who trade futures...beware of the front contract, it's June...look at the volume.

Gold with No Drama

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