I encourage you to practice weekly range extension trading after the breakout to have a path for continuation of the thought process for the five days of trading, so you will know what to expect the next day. image image

Coreg's EW+HP+D/W Range

It seems that NY is determined to hold YCL level @3979...oops..@3976

Coreg's EW+HP+D/W Range

At the end, a nice rebound.

Coreg's EW+HP+D/W Range

M31, DRE stands for the daily range extension. Check the first page of my thread; there is an explanation of how I trade it. WRE (weekly range extension)

Coreg's EW+HP+D/W Range

M31, thanks. Just the pattern trading. There is already plenty of good stuff on the market, but "predicting" the potential cumulative behavior of all market participants keeps me engaged in the game.

Coreg's EW+HP+D/W Range

The same with gold. Standard limit: 100% daily ATR (14) - already done. Sure, it can go higher, so keep an eye on the resistance zone above the market-4008 level. The first support zone is between 3982 and 3974.

Coreg's EW+HP+D/W Range

GU hit a strong support zone and a bump up is in order, but there are plenty of resistance levels above, so a counter-trend trade might not be smooth if at all. Watch the 1.3333-1.3350 resistance zone for today.

Coreg's EW+HP+D/W Range

Godspromise, keep in mind my signature; always trade your own plan. ...b/c you know your risk tolerance, your targets, your setup TF, and when you are wrong. We have different objectives, personalities, and temperaments. Some people here don't have ...

Cable Update (GBPUSD)

You need to know my method of analysing the market structure. All I use is on the first page of my thread. Before image and today's chart... image Here is how I played this setup on Oct. 07th. I trade gold micro futures. image

Cable Update (GBPUSD)

Here is the gold 1H chart.

Coreg's EW+HP+D/W Range

The break of the channel (above/below the TL) brings a new force to the market b/c traders add to existing positions or enter new trades. image Reverse for the down market, look to add on when the support line of the channel is broken. image The ...

Coreg's EW+HP+D/W Range

Godspromise, it takes some time to find the way in this business. I started trading with the last day's/week range and then expanded. My unsolicited advice: please watch videos on YouTube about how to analyze a market structure. It's a must-know ...

Cable Update (GBPUSD)

GU keeps giving...T#2 @1.3285 in play for today.

Cable Update (GBPUSD)

Knock, knock... who's there? ...Teddy Bear.

Cable Update (GBPUSD)

Pat, you made my day. The picture is awesome. Thank you.

Cable Update (GBPUSD)

Godspromise, I agree with you. A lot of hesitation is seen on the daily GU chart. I've been posting the DXY chart in my thread. Currently, the DXY is trying to close above the outer trend line. If this happens, there is the possibility of BPC play ...

Cable Update (GBPUSD)

Abeylyn, as long as humans are involved in writing algorithms, they are predictable. When computers start to learn on their own, we will adjust. The daily chart is the king, and the Dow theory.

Cable Update (GBPUSD)

Updated chart after NY open. Note that GU already hit the DRE and brushed off the 2nd target for the WRE @1.3341. The downside can be limited for the remainder of the day.

Coreg's EW+HP+D/W Range

Here is the daily chart (bigger picture)... image

Coreg's EW+HP+D/W Range

Waveski, I've been telling people here for years; it's a one-man/woman business. You vs. machine. Harassing people for trading signals or buying them from ICT won't make anyone a millionaire.

Cable Update (GBPUSD)