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Wolfe Waves - Get in the Zone

  • #1,681
  • Jun 20, 2017 11:23am Jun 20, 2017 11:23am
Quoting PipsMaster23
Potential buy opportunity on GBPJPY! ? {image}
Hey Pipmaster,
I haven't been paying too much attention recently as I've had an intense piece of work to do (UK A level chemistry marking) but I posted a couple of weeks ago (maybe) about a potentially good Higher time frame set up on this instrument. I haven't checked out your H1 set up, but if it all ties up then there's more confluence there.
Cheers and good luck,

Stuart
  • #1,682
  • Jun 20, 2017 12:05pm Jun 20, 2017 12:05pm
Quoting eddytan72
Get 2 CWW on 20/6/17, please help to see whether ok? {image} {image}
Certainly valid structures. It's up to you whether or not to trade them.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,683
  • Edited 7:58pm Jun 20, 2017 12:10pm | Edited 7:58pm
Hey traders.

I'll be getting on a plane tonight, heading to back to the east coast for a family reunion and a week long vacation. Thread has been fizzling out a bit. Hope to re energize when I get back.

Will be monitoring my trades from my phone and checking up on the thread but won't be really getting much screen time for the charts.

Cheers, -Kurt
Pride always comes before destruction.... -Proverbs 16:18
  • #1,684
  • Jun 20, 2017 7:43pm Jun 20, 2017 7:43pm
Quoting Expo33
{quote} Certainly valid structures. It's up to you whether or not to trade them.
Thanks Expo, btw, higher TF I need to look at higher depth right? So that, it will shows potential CWW
  • #1,685
  • Jun 20, 2017 7:58pm Jun 20, 2017 7:58pm
Quoting eddytan72
{quote} Thanks Expo, btw, higher TF I need to look at higher depth right? So that, it will shows potential CWW
You're welcome Eddy.

Finding the WWs is the same on all TFs. The "extdepth" setting is just used to make the zig zag fit the wave. A lot of times I can see the WW with the naked eye but the indicator isn't picking it up on certain settings. So I try different TFs and different extdepth settings to try and find the combination that will show the wave with the zig zag. Sometimes it may not be possible. No problem, I just draw them manually.

Greens pips. Boarding a plane in a few hours for vacation

Cheers, -Kurt
Pride always comes before destruction.... -Proverbs 16:18
  • #1,686
  • Jun 20, 2017 8:03pm Jun 20, 2017 8:03pm
Quoting Expo33
{quote} You're welcome Eddy. Finding the WWs is the same on all TFs. The "extdepth" setting is just used to make the zig zag fit the wave. A lot of times I can see the WW with the naked eye but the indicator isn't picking it up on certain settings. So I try different TFs and different extdepth settings to try and find the combination that will show the wave with the zig zag. Sometimes it may not be possible. No problem, I just draw them manually. Greens pips. Boarding a plane in a few hours for vacation Cheers, -Kurt
Thanks for your advise, Expo. Safe trip and have a nice vacation. =D
  • #1,687
  • Jun 21, 2017 2:52am Jun 21, 2017 2:52am
Quoting Expo33
Hey traders. I'll be getting on a plane tonight, heading to back to the east coast for a family reunion and a week long vacation. Thread has been fizzling out a bit. Hope to re energize when I get back. Will be monitoring my trades from my phone and checking up on the thread but won't be really getting much screen time for the charts. Cheers, -Kurt
Hi Kurt; Have a nice trip and good time with your Family. cheers Rees
Human beings are members of a whole, In creation of one essence and sol.
  • #1,688
  • Jun 21, 2017 3:19am Jun 21, 2017 3:19am
Thx gents.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,689
  • Jun 21, 2017 6:51pm Jun 21, 2017 6:51pm
Quoting PipsMaster23
Potential buy opportunity on GBPJPY! ? {image}

im in 2 long positions from 140.65 and 1.3990... in case price goes lower i am happy to buy more all the way down to 137 with 75 pip gaps if we get there.... if we break 1.3650 then ill reverse the trades.

My current view is that we see a double top so price reaching 148, thereafter?? possible slight rejection and then higher to 155/160 levels... will reevaluate the situation once there. Would be nice to see price reach and break 142 and 142.60 and ill gain more confidence in adding on any dips thereafter..... There is no news during the day to push GBP higher, except for MPC Member Forbes Speaks @ 7pm time. Since yesterdays Queens speech allegedly triggered the upmove i see price moving higher slowly throughout the day and then rallying another 100 pip+ during that speech hehe

Overall i feel there is one more leg higher for this pair to go....... if i could date it, i'd say mid/end of July we form a fresh high and come September this pair becomes a sell. August is a month i try and stay out of the markets... HOLIDAY TIME!
Cheers!!
  • #1,690
  • Jun 22, 2017 7:40pm Jun 22, 2017 7:40pm
If the trend have out from the blue triangle like what I circuit in the photo. Will it consider not a good symmetric and not trade even if the price will drop to sweet zone?
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  • #1,691
  • Jun 23, 2017 2:03am Jun 23, 2017 2:03am
photogenic aussie H1
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  • #1,692
  • Jun 23, 2017 9:02am Jun 23, 2017 9:02am
Quoting fantom
photogenic aussie H1 {image}
Hi Fantom, great chart could you share your indicator that enables you to switch pairs. It would be really useful, Thank you.
  • #1,693
  • Jun 25, 2017 1:22am Jun 25, 2017 1:22am
Maybe UsdCad also a chance to be drawn with Wolfes Wave
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  • #1,694
  • Jun 25, 2017 5:05pm Jun 25, 2017 5:05pm
Quoting PipsMaster23
{quote} im in 2 long positions from 140.65 and 1.3990... in case price goes lower i am happy to buy more all the way down to 137 with 75 pip gaps if we get there.... if we break 1.3650 then ill reverse the trades. My current view is that we see a double top so price reaching 148, thereafter?? possible slight rejection and then higher to 155/160 levels... will reevaluate the situation once there. Would be nice to see price reach and break 142 and 142.60 and ill gain more confidence in adding on any dips thereafter..... There is no news during the...
Price staying above 140.50 is a good sign so far, i would like to see a touch of 142+ and then a push towards 143 in coming days, then i see clear path to reach and hold at 145.... ever getting closer to that potential double top at 148... i have not added as yet to my 2 long positions, but if we reach 142+ see a pullback and then push higher i will add on the 142 level (2nd attempt)....

If all goes against me i have already moved my stops that allow my trades to breathe but also guarantee me a small profit.

Happy Trading week to all
Cheers!!
  • #1,695
  • Jun 26, 2017 1:30pm Jun 26, 2017 1:30pm
Quoting PipsMaster23
{quote} Price staying above 140.50 is a good sign so far, i would like to see a touch of 142+ and then a push towards 143 in coming days, then i see clear path to reach and hold at 145.... ever getting closer to that potential double top at 148... i have not added as yet to my 2 long positions, but if we reach 142+ see a pullback and then push higher i will add on the 142 level (2nd attempt).... If all goes against me i have already moved my stops that allow my trades to breathe but also guarantee me a small profit. Happy Trading week to all

Duly added to my positions at 142, as i am writing this the pair has just popped +20pips, big week for GBP and tomorrow probably being the biggest... if any hint of good news from Carney then this will fly! I also think the deal with DUP and coming queens speech will all be GBP positive, im hopefull but charts starting to look bullish and retest of 142.80 now seems quite likely.

HAppy trading and Green pips to all!
Cheers!!
  • #1,696
  • Jun 27, 2017 10:35am Jun 27, 2017 10:35am
Quoting PipsMaster23
{quote} Duly added to my positions at 142, as i am writing this the pair has just popped +20pips, big week for GBP and tomorrow probably being the biggest... if any hint of good news from Carney then this will fly! I also think the deal with DUP and coming queens speech will all be GBP positive, im hopefull but charts starting to look bullish and retest of 142.80 now seems quite likely. HAppy trading and Green pips to all!

Price is nicely above 143 level and price looking very bullish an wanting to test 144+ where we might see a retrace, if not then 144.70/145 will be next target.
For my next entry into this pair i dont want to buy in anymore if price gets above 145, so i am hoping after a touch of the levels ive mentioned we get a slight retrace then i will add more around the 143+ levels, but i will NOT add more now.

I now have ALL my 3 positions with SL levels in a profitable zone so now am trading risk free on all 3 trades.

Hope some of you caught this too!
Cheers!!
  • #1,697
  • Jun 27, 2017 12:18pm Jun 27, 2017 12:18pm
Hello Expo33, Parviz, PipsMaster23, and all others that share their knowledge and wisdom :-)
I am a newbie and is "playing" with playmoney. As such i am very thankful that you all share your findigs with the rest of us that isn't that experienced but really want to learn how it works, and hopefully will be ready to stand on our own two feet someday. Thank you for your patience with "stupid" questions, you are able to answer them in a way so that the rest of us can understand, once again thank you very much for your efforts.

Keep up the good work folks

Best regards /Greger
  • #1,698
  • Jun 27, 2017 2:22pm Jun 27, 2017 2:22pm
Quoting PipsMaster23
{quote} Price is nicely above 143 level and price looking very bullish an wanting to test 144+ where we might see a retrace, if not then 144.70/145 will be next target. For my next entry into this pair i dont want to buy in anymore if price gets above 145, so i am hoping after a touch of the levels ive mentioned we get a slight retrace then i will add more around the 143+ levels, but i will NOT add more now. I now have ALL my 3 positions with SL levels in a profitable zone so now am trading risk free on all 3 trades. Hope some of you caught this...

So 144+ (144.21at my brokerage) and now we are in a profit taking or retrace whatever you want to call it, a pullback to 143.50/30 zone would be ideal to load 1 more long position for me and target next area of 145.10.... and hopefully see price just range their before another push up towards that 148...

So far these trades are doing what has been expected, but always expect the unexpected hehe...
Cheers!!
  • #1,699
  • Jun 27, 2017 2:26pm Jun 27, 2017 2:26pm
Quoting Guran01
Hello Expo33, Parviz, PipsMaster23, and all others that share their knowledge and wisdom :-) I am a newbie and is "playing" with playmoney. As such i am very thankful that you all share your findigs with the rest of us that isn't that experienced but really want to learn how it works, and hopefully will be ready to stand on our own two feet someday. Thank you for your patience with "stupid" questions, you are able to answer them in a way so that the rest of us can understand, once again thank you very much for your efforts. Keep up the good work...

Welcome Guran,

All the best for you... best is EXPO33 when it comes to WW waves, this is his forum and he is better equipped in explaining it all... i use WW Waves only as additional confirmation when needed for my own methods of trading... i am a swing trader and i build positions into my trades hoping to catch that BIG move based on Time Cycles.

EXPO33 is on holidays now but will be back soon... im sure he will be happy to assist you.... try reading through the all the posts start from page 1 to current... it will give you better understanding to what approach is being used.

Happy Green pips!!
Cheers!!
  • #1,700
  • Jun 28, 2017 2:48am Jun 28, 2017 2:48am
Quoting PipsMaster23
{quote} Welcome Guran, All the best for you... best is EXPO33 when it comes to WW waves, this is his forum and he is better equipped in explaining it all... i use WW Waves only as additional confirmation when needed for my own methods of trading... i am a swing trader and i build positions into my trades hoping to catch that BIG move based on Time Cycles. EXPO33 is on holidays now but will be back soon... im sure he will be happy to assist you.... try reading through the all the posts start from page 1 to current... it will give you better understanding...
He wont be happy cause the market moved against him during the holiday...

ok. now i'm back to the point!

Simple limited orders is very risky, you will end up like this...

I'm switch back to my filter mode now!
Attached Image
No one wants to be defeated~
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