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Wolfe Waves - Get in the Zone

  • #1,781
  • Jul 18, 2017 6:25pm Jul 18, 2017 6:25pm
Ahh the idiot/naive people that believe there is a such a pattern as a wolfe wave that will bring profits in the long run. There is no secret pattern in forex such as elliot wave, gann, harmonics, and wolfe waves. Especially such a basic 1,2,3,4,5 wolfe wave pattern. You are trying to find relativity in something where relativity does not exist (markets). On top of that you are using something that is stationary when trying to quantify something that is non-stationary.

Two words - "order flow" - that's all that matters.
  • #1,782
  • Jul 18, 2017 11:58pm Jul 18, 2017 11:58pm
Quoting davidforex20
Ahh the idiot/naive people that believe there is a such a pattern as a wolfe wave that will bring profits in the long run. There is no secret pattern in forex such as elliot wave, gann, harmonics, and wolfe waves. Especially such a basic 1,2,3,4,5 wolfe wave pattern. You are trying to find relativity in something where relativity does not exist (markets). On top of that you are using something that is stationary when trying to quantify something that is non-stationary. Two words - "order flow" - that's all that matters.
sooner or later i will prove you are wrong about this...
No one wants to be defeated~
  • #1,783
  • Edited 12:59am Jul 19, 2017 12:43am | Edited 12:59am
Quoting jonirrenicus
{quote} sooner or later i will prove you are wrong about this...
You intend to prove me wrong, but that will never happen. Show me even a 5 year backtest on h1 with at least 300 trades using wolfe waves. Call me pessimistic or a "downer" it doesn't matter. I speak from experience.

Think logically here for a second. Wolfe waves are not new, they are not proprietary, not a secret, incredibly basic, and most people that are even remotely involved in trading know about them. So, if they do work and consistently make money why doesn't everyone in the world use them and make money?

Do you think banks or hedge funds are sitting back at there desks looking for wolfe wave patterns? The answer is "no". So why are you?

You are not a trader, you are someone looking at getting into trading as seen from you profile - "things to do today, visit forex factory, read amazing strategy, and make a billion dollars" You are simply looking to copy someone else illogical work.
  • #1,784
  • Jul 19, 2017 1:40am Jul 19, 2017 1:40am
Quoting davidforex20
{quote} You intend to prove me wrong, but that will never happen. Show me even a 5 year backtest on h1 with at least 300 trades using wolfe waves. Call me pessimistic or a "downer" it doesn't matter. I speak from experience. Think logically here for a second. Wolfe waves are not new, they are not proprietary, not a secret, incredibly basic, and most people that are even remotely involved in trading know about them. So, if they do work and consistently make money why doesn't everyone in the world use them and make money? Do you think banks or hedge...
lead follow or get out of the way.

What do u know about bank trader/hedge funds? sounds like you were working there before?

And what do mean"copy someone else illogical work"? If you think this method is illogical, tell me which method here is logical. I god damX sure you will find NONE on this forum.

If someone is already in the winning pool, there is no reason for them to come back and tell you how.
No one wants to be defeated~
  • #1,785
  • Jul 19, 2017 1:50am Jul 19, 2017 1:50am
Quoting davidforex20
{quote} You intend to prove me wrong, but that will never happen. Show me even a 5 year backtest on h1 with at least 300 trades using wolfe waves. Call me pessimistic or a "downer" it doesn't matter. I speak from experience. Think logically here for a second. Wolfe waves are not new, they are not proprietary, not a secret, incredibly basic, and most people that are even remotely involved in trading know about them. So, if they do work and consistently make money why doesn't everyone in the world use them and make money? Do you think banks or hedge...
I am starting to think you may be right. WW's work perfectly when back-tested but not so great in predicting future moves.
  • #1,786
  • Jul 19, 2017 3:36am Jul 19, 2017 3:36am
hey everybody!
I´m new here ann have a question?
Is this a good entry?
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  • #1,787
  • Jul 19, 2017 8:34am Jul 19, 2017 8:34am
Quoting davidforex20
Ahh the idiot/naive people that believe there is a such a pattern as a wolfe wave that will bring profits in the long run. There is no secret pattern in forex such as elliot wave, gann, harmonics, and wolfe waves. Especially such a basic 1,2,3,4,5 wolfe wave pattern. You are trying to find relativity in something where relativity does not exist (markets). On top of that you are using something that is stationary when trying to quantify something that is non-stationary. Two words - "order flow" - that's all that matters.
You are removed from this thread. You should spend more time working on your own trading strategy and less time trolling threads. Usually those that troll threads are just frustrated with their own trading impotence.

Enough said.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,788
  • Jul 19, 2017 8:33pm Jul 19, 2017 8:33pm
Quoting tomvientasmo
hey everybody! Im new here ann have a question? Is this a good entry? {image}
it is a perfect CWW, but you can not trade until the bid rate come out...

Trading higher TF can minimize the influence of the NEWS, except bid rate/NFP.
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No one wants to be defeated~
  • #1,789
  • Jul 19, 2017 8:50pm Jul 19, 2017 8:50pm
new signals
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No one wants to be defeated~
  • #1,790
  • Edited 10:23pm Jul 19, 2017 10:01pm | Edited 10:23pm
sorry you can not trade this one due to
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seems i have found a clue to deal with NEWS.

If NEWS will be released within 24 bars in the future, all signal will be delayed until news came out. (not apply to D1)
No one wants to be defeated~
  • #1,791
  • Jul 20, 2017 10:37pm Jul 20, 2017 10:37pm
floating loss even reached -850 pips...

Now end up only losing -18.9 pips...

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This trade should not be taken due to AUD JPY both have Cash rate released in this week.

And i learned from that so i did not take EUR Sell signal on H4 yesterday.

Although CWW has a lot of issues, I still believe if we joint our hands together we can accomplish anything.

This is the first time that Chinese player won an international prize. cheers!

And I'm going to worship him at the event in Shanghai on Aug19th.
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No one wants to be defeated~
  • #1,792
  • Jul 21, 2017 9:21am Jul 21, 2017 9:21am
Hi Expo33, i'm a newbie in your thread and thank you for sharing your system. I will try to use it
  • #1,793
  • Jul 21, 2017 1:58pm Jul 21, 2017 1:58pm
Quoting htan3011
Hi Expo33, i'm a newbie in your thread and thank you for sharing your system. I will try to use it
You're welcome and best of luck in trading
Pride always comes before destruction.... -Proverbs 16:18
  • #1,794
  • Jul 21, 2017 1:59pm Jul 21, 2017 1:59pm
WTI CRUDE OIL 4H CWW - textbook symmetry
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,795
  • Edited Jul 24, 2017 12:44pm Jul 23, 2017 1:35pm | Edited Jul 24, 2017 12:44pm
Close of play Friday.
As you can see, I don't like my charts too cluttered and colour etc. options on indi are great for cleaning it up if required.
Blue horizontal lines are previous support/resistance
Will see where price is on Sunday open.
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  • #1,796
  • Jul 24, 2017 3:09am Jul 24, 2017 3:09am
Quoting Expo33
WTI CRUDE OIL 4H CWW - textbook symmetry {image}
Yes! It is a perfect signal which exactly matched all points and lines.
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No one wants to be defeated~
  • #1,797
  • Jul 24, 2017 4:16am Jul 24, 2017 4:16am
Quoting Expo33
WTI CRUDE OIL 4H CWW - textbook symmetry {image}
Hi Master,

Recently i met a problem, some successful trades wiped out by a huge spike...

Do you have any better ideas to move SL? thanks!
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No one wants to be defeated~
  • #1,798
  • Jul 24, 2017 12:41pm Jul 24, 2017 12:41pm
Quoting jonirrenicus
{quote} Hi Master, Recently i met a problem, some successful trades wiped out by a huge spike... Do you have any better ideas to move SL? thanks! {image}
I'm not sure what trade you're talking about on this chart.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,799
  • Jul 24, 2017 12:53pm Jul 24, 2017 12:53pm
Quoting Expo33
WTI CRUDE OIL 4H CWW - textbook symmetry {image}
I think the same pattern could happen on the larger scale as well. Potentially a good trade...
k
  • #1,800
  • Jul 24, 2017 2:48pm Jul 24, 2017 2:48pm
Quoting kprsa
{quote} I think the same pattern could happen on the larger scale as well. Potentially a good trade... k
Thanks for posting and best trading to you.

This scenario highlights the main reason why I like trading Wolfes waves. We don't need to know where price is going, we only need to be prepared if price gets to the general completion zone. It also highlights the versatility of "parviz1953" WW indicator.

Different zigzag settings gives two different potential scenarios. An interesting and unique situation. Bullish/bearish scenarios below. Neither scenario may play out, but if one does, I'll be ready with my scale in zone

WTI CRUDE 4H POTENTIAL BEARISH CWW
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WTI CRUDE 4H POTENTIAL BULLISH CWW
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Pride always comes before destruction.... -Proverbs 16:18
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