Birdland, we were lucky that the market cooperated with our view, hit a maximum for the move, and now we are looking for a retracement. image We drop to 15M TF and look for the ABC correction to the swing on the 4H cahart. Zone at (b) has to hold ...

Coreg's EW+HP+D/W Range

Pat, the same 'ol, same 'ol day after day.

Coreg's EW+HP+D/W Range

Intraday update...

Coreg's EW+HP+D/W Range

birdland, the targets depend on which swing we trade.

Coreg's EW+HP+D/W Range

Gold follow-up...

Coreg's EW+HP+D/W Range

Watching for GU to finish retracement...

Coreg's EW+HP+D/W Range

Gold hit the WRE (weekly range extension), but we should watch the 3288 level -the end of the AB=CD pattern. image Intraday Gold hit DRE (daily range ext.- Yellow Box). The first resistance zone @3338-3349. image

Coreg's EW+HP+D/W Range

GU hit overnight 100%dailyATR(14) @1.36188. Do we get a deeper retracement? Time will tell.

Coreg's EW+HP+D/W Range

A dull day (Bank Holiday in the USA), but still decent daily range. Stick to your trading method.

Coreg's EW+HP+D/W Range

Correction: 3403.41 is PSH (prior swing high, not WH). Sorry for the mistake. See the below 1-H chart for intraday setups. Gold is still in the downtrend on this TF.

Coreg's EW+HP+D/W Range

The most important # in the zone for the end of wave 5- 50% retracement from the daily chart @ 1.33863- was hit overnight. If the wave 5 is in place, the first target is AB=CD pattern @ 1.3461. The TL has to hold (BPC setup)

Coreg's EW+HP+D/W Range

Allow me to break the news to some of you. Intraday, swing trading is the business called: I vs. machine. Now, ask yourself what it takes to succeed in this business?

Gold

GU is close to the very wide zone for the end of wave 5 @ (1.3399-1.3343). image Reverse for downtrend image url

Coreg's EW+HP+D/W Range

Gold is in the range for 2 days. Unable to break WH @3403.41. Ability to trade the range required.

Coreg's EW+HP+D/W Range

The euro is not as weak as the British pound against the dollar. Euro hasn't reached the end of the AB=CD pattern @1.1471 yet.

Coreg's EW+HP+D/W Range

I didn't read your post as hate, I thought you jumped to the conclusion before the pattern failed.

Gold

DragM, the setup was valid...sure we don't know what will happen. We trust the process.

Gold

DragM, what do you say now? Are you going to apologize?

Gold

The market was nice enough to cooperate with my setup from yesterday. GU reached the target @1.3506 and hit the DRE zone (yellow box)-that is always the target if YH or YL is taken out.

Coreg's EW+HP+D/W Range

Don, after AB=CD (blue arrows) a new low is expected with the target @ 1.3507 marked by a maroon arrow. The failure can occur in 2 green boxes on the way down. 1.3582-.xx69 and 1.3540-.xx29. image and EU 15M image

Coreg's EW+HP+D/W Range