rehamatkhan, if you expect the EU to go down, wait for (b) to be established and enter the short or add-on. I use 50% retracement for TP in counter-trend trade and then evaluate what to do next.

Coreg's EW+HP+D/W Range

Pat, their behavior shouldn't surprise you. What would you do if the village sent you to the university to study economics and you wouldn't have anything to show for it? Besides, the only people who are not trolled are the ones who correctly trade ...

Cable Update (GBPUSD)

...Do we have one more push-up? image

Coreg's EW+HP+D/W Range

Hopefully, it will bounce off the TL to the downside. Keep in mind higher TF. image image

Coreg's EW+HP+D/W Range

We target 1.0435-1.0456, let's see.

Coreg's EW+HP+D/W Range

...

Cable Update (GBPUSD)

image

Cable Update (GBPUSD)

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Coreg's EW+HP+D/W Range

Is it a complex correction after ABC retracement or a new leg down?

Coreg's EW+HP+D/W Range

Awesome 3 days of trading with volatility.

Coreg's EW+HP+D/W Range

Update... image image

Coreg's EW+HP+D/W Range

You pinpoint GU perfectly...

Coreg's EW+HP+D/W Range

Yes, but sometimes the retracement is deeper, my labeling is wrong if the market drops below W1 @1.02778 (invalidation level)

Coreg's EW+HP+D/W Range

Update... image image

Coreg's EW+HP+D/W Range

We deal with dynamic trend analysis, so adjustment is required especially on lower TFs. Set your eyes on the box with the end of wave and you are ready to trade. You are good to go as long as you know when your labeling is off.

Coreg's EW+HP+D/W Range

Alternate count. I'm not saying your labeling is wrong, I'm just pointing out that an alternate count might be possible. My labeling is wrong if the market drops below 1.0275 before making a new high.

Coreg's EW+HP+D/W Range

The dollar showing weakness on 2H TF. image Go figure...from yesterday. image

Coreg's EW+HP+D/W Range

very good, if you see the chance that a higher target will be reached why not hold a position longer? EU has a lower daily ATR(14), for today only 77 pips, so the expected bounce is around 35-40 pips after the market reaches an exhausting level at ...

Coreg's EW+HP+D/W Range

rehmatkhan, my way of thinking as a day trader. For instance, GU has a daily ATR(14) for today 105 pips. The level was reached during the beginning of the NY session. I expect a bounce of 50-60% if I'm lucky that's about 53-63 pips from the bottom ...

Coreg's EW+HP+D/W Range

rehmatkhan, I'm familiar with 1H TF, but for my needs (prior day range trading) I often show only support/resistance zones on 15M TF b/c these targets on 1H are far away. I'm a 30-60 pips trader b/c that's what I can get with good probability during ...

Coreg's EW+HP+D/W Range