Wolf Wave indicator 59 replies
Book Discussion: The Hour Between Dog and Wolf by Dr. Coates 33 replies
Is this broker a wolf in sheep's clothing? 3 replies
My new journey with Wolfe Waves... 6 replies
Elliot Waves/Demark Waves 2 replies
DislikedDax Daily. The Weekly chart looks nicer (more compact) but I am showing the daily so I can highlight last Thursdays candle. Not quite a Dark Cloud Cover as it did not close below the 50% line of the previous candle but definitely bearish none the less. The red squares just highlight some similar candles which all preceded bearish moves. And price is currently between the 61.8 and 78.6 Fib sweetspot from the previous LH to LL move. {image}Ignored
Disliked{quote} It's a failed WW, but could still turn into a potential winner. If I saw bearish momentum, I'd be inclined to put in a sell-stop below the 1-3-5 line.Ignored
Disliked{quote} Why is it a failed WW? The way I see it price is currently in the sweet zone. By copying the 2 to 4 line and projecting it from 3 gives us the sweet zone. i.e the area between the dotted line in the above chart and the 1 to 5 line.Ignored
Disliked{quote} In your example, which is an ascending wedge, price should respect the 1-3-5 line, which is resistance. It breeched the line, so I don't consider it to be a classic WW. {image}Ignored
Disliked{quote} Welcome JohnnyR I am constantly amazed at how they work (even my off beat Coyote waves). They tend to be counter intuitive, i.e often going against the trend like my trade last night. I still don't know all the nuances, or if they are important. After a while you can see them easily particularly in a semi consolidating market. Here is another one that triggered this morning. I'm not sure whether it is legit, but I like to look for patterns where point 5 drops below line 1-3. This one is extreme but still worked.{image} I didn't trade...Ignored
DislikedWhatever, bro. I base my trading decisions on price action and momentum. For me, the 1-3-5 line is the line in the sand. Sometimes, it's tough for this old dog to learn new tricks! {image}Ignored
Disliked{quote} Whatever bro? lol. Ok but you should understand this because if you're trading Wolfe Waves then these point 5 over shoots are perfectly tradable and I think there will be plenty more of these examples in this thread. Considering Wolfe Waves are counter trend set ups I would say you are trading against the momentum.Ignored
DislikedWhy do you hate to say that I was correct? lol just kidding. We're all on the same side and I hope I didn't upset ChicagoRob as that certainly wasn't my intention. Below is GBPUSD H4. {image}Ignored
DislikedWhy do you hate to say that I was correct? lol just kidding. We're all on the same side and I hope I didn't upset ChicagoRob as that certainly wasn't my intention. Below is GBPUSD H4. {image}Ignored
Disliked{quote} Well you see it is a delicate situation. I have a Brit (Wizlon) on one side and an American on the other (ChicagoRob) and a Canadian (me) in the middle - it goes all the way back to the Boston Tea party and the war of 1812. Besides, I have to be nice to Americans in case we get an influx of Trump refugees ( there is already a huge spike in immigration inquiries from the USA at Canadian immigration).Ignored
DislikedHi Profitkeeper, Can you tell me what charts you use to trade stocks, as you just mentioned? Thanks.Ignored