Waveskie, any news on how your buddy Leon "the shark" is doing these days? He got the same long entries as Meathead.

Cable Update (GBPUSD)

Gold reached 161.8% WRE and 150% weekly ATR(14), (check the levels on the chart below). The expected reversal for the weekly range is often on Tuesday or Wednesday, but it isn't a rule. Just examine your trading method to see if it indicates a ...

Coreg's EW+HP+D/W Range

Abeylyn, there is always a harmonic pattern in play on any TF. Look first for the anchor leg XA, 2 retracements B and C, and move to the D point. Retracement of the B will determine what pattern to expect. In our case, 50% ret. telling you to expect ...

Coreg's EW+HP+D/W Range

Gold is going up and up. Retracements ABC are shallow after 1-5 patterns. I trade it as a daily range extension b/c nothing else makes sense to me.

Coreg's EW+HP+D/W Range

The EU is much weaker than the GU but still holds Friday's low. image

Coreg's EW+HP+D/W Range

GU still holds the support zone marked on Friday. image

Coreg's EW+HP+D/W Range

other examples... image image image You don't need to know harmonic patterns or the Elliott waves principle; follow one diagram. image

Coreg's EW+HP+D/W Range

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)