Disliked{quote} Unfortunately this is not a WW. I would suggest you read post one of this thread as it explains everything necessary you need to know about Wolfe Waves.Ignored
1
My new journey with Wolfe Waves... 6 replies
Elliot Waves/Demark Waves 2 replies
about Wolfe Wave theory? 3 replies
Traders who completed the Wolfe Wave course already. 0 replies
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Disliked{quote} Unfortunately this is not a WW. I would suggest you read post one of this thread as it explains everything necessary you need to know about Wolfe Waves.Ignored
Disliked{quote} why not just point out what you see as flaws instead of telling him to read the first post? Aren't we here to help each other understand these things? Far as I can tell that IS in fact a wolfe wave. Not perfect, but a wolfe wave none-the-less, and that's based on my own knowledge obtained from Bill Wolfe's writings. granted, a continuation pattern rather then reversal, but looks good to me and I have damn near the same pattern on my own usdjpy chart that I am trading sells on lower time frame signals now.Ignored
Disliked{quote} It's not a valid WW as points A and B are both below point X. Point X has to be between A and B pricewise. I referred to post #1 because I consider it necessary for a beginner to understand what is elaborated there fully. Also I thought helping him most by suggesting to read post#1.Ignored
Disliked{quote} Interesting, that is not something that is made clear in the wolfe wave pdf. thanks!Ignored
DislikedBuilding a short position here up to 1.54 EUR/CAD 4H BEARISH CWW {image}Ignored
Disliked{quote} There are actually two bearish WW. Take a look at it, what do you think? I think this could be a great trade. I just took one position and set a sell order to 1.54680. {image}Ignored
Disliked{quote} If you refer to the Wolfe Wave Book linked in the first post I have to contradict as it's in the rule set on pages 6 and 7. Screenshot2.png;2582941 But as post 1 explains the rules and everything else to take in consideration when trading Wolfe Waves much easier and more concise in my opinion, I'd prefer to go by post 1 rather than by the book linked there. Especially for beginners. But that's just my two cents. I hope that was helpful anyway... {image}Ignored
Disliked{quote} Agree with Knurrem about point X not being ideal. However, there is actually a WW on the 4H (not that beautiful) that has just reached AB=CD to the pip! Not shown on the chart but it also coincides with the 161FIB ext. Pivot resistance, especially the monthly R1 may be significant. Could be a nice risk reward here. Maybe a very small position with 100 pip SL trying for 300-500 pips. Set and forget. GBP has a lot of momentum but may be a bit overcooked. GBP/NZD 4H BEARISH CWW {image}Ignored
Disliked{quote} Already dropped 150 pips. A dream scenario. Move SL to BE and enjoy the potential ride down the mountain.Ignored
Disliked{quote} Already dropped 150 pips. A dream scenario. Move SL to BE and enjoy the potential ride down the mountain.Ignored