Yeah, the concept of the sweet zone is the masterpiece of Bill Wolfe IMHO, it combines time and space, allowing zero drawdown entries on narrow zones. He suggests beginners to trade those narrow ones, as those are much easier to handle from the risk ...

there's one but the C point should be the lower one, again the X point falls under the weird ones, but technically according to B.Wolfe this still qualifies as a WW I think.

What was the WW you were trading? The only one I could find was the following one and doesn't look not well structured:

Agree, having the X point in same direction takes also advantage of crowd psychology: EDIT: typo, should be LL/LH Don't like the strength of the waves (projection) but gives a practical idea of what I mean. Ideally, for the 3rd wave to have a good ...

If you change the scale down, it is a valid X point. From the examples I've seen, Bill Wolfe would have no problems to consider that a valid one. It did bounce price, only it was short lived and hard to profit from. Can't win them all EURJPY ...

Looks like I missed it, was waiting for a deeper entry inside the sweet zone

Looks like it was invalidated, on 30m/15m we have one almost formed in opposite direction. In this case, I think it's better to wait for price stalling or some sign of rejection since price is accelerating (strength) into the sweet zone

Well, to be fair, there are no real ECN brokers, I mean, just read the terms when you sign up. Have yet to find one that states that they are not the counterparty. Maybe there are a few exceptions, but they probably don't offer mini lots, 1:500 ...

Yes original one was invalidated but a new one is in progress Looking at 4H, this is in a good context of a yet to complete HTF WW congrats on your latest trades, well done

thanks, very good post One question tough, how do you personally draw the fan angles? Do you use High/lows of a move or do you look for the angles to fit previous price bounces, or just 45 degree? In the last case, do you square time and price ...

Sorry to hear that. Honestly, never gave you my contact info, also I don't remember a Chris on RTM. By the way I am no longer a member of RTM, so can't help you anyway. This thread is on hold, the way I was trading (engulf signals and entries on ...

USDJPY 15m, closed

Interesting idea using Renko, have to check this out But don't forget the wicks, important piece of information, especially for the sweet zone, this Renko EA shows also the wicks: How to set up: 1. Drop the EA file in the "mql4/Experts" ...

USDJPY 15m Moved to BE as price is having some trouble

I completely agree with you on how it should be, I'm just wondering why he does this , Bill Wolfe must be knowing what he is doing Most of the examples from his book or website have weird X points. This is ...

to the pip reversal (AB=CD completion) maybe there are some advantages in using non so obvious X points, something to investigate further...

those are example charts by Bill Wolfe, as far as I can see it, they are all converging, am I missing something?

I've seen some examples by Bill Wolfe where the X point is something like this: AUDCAD 15m Ignoring the not so good symmetry, what do you think about these? Is it forcing a WW on a chart or maybe some sort of "secret" explained only in his course? ...

Looking at USDJPY 15m for a potential bull trap Interesting article from Thomas Bulkowski about WW (look at table 2): url GBPUSD 2H, I'm looking at this carefully (PA confirmation) because the move is not clean (leg) GU Daily

Identifying wolfe waves manually is not an easy task, many are invalidated, making this also a time consuming task, the indicator surely is a big help but IMHO it should only be used once one is comfortable in identifying them on a naked chart in ...