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Wolfe Waves - Get in the Zone

  • #1,801
  • Edited 5:54pm Jul 25, 2017 7:26am | Edited 5:54pm
AUD/USD 30MIN BEARISH CWW
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,802
  • Edited 7:14pm Jul 25, 2017 5:54pm | Edited 7:14pm
Quoting Expo33
AUD/USD 30MIN BEARISH CWW {image}
Banked 30 pips. On the sidelines with this pair for now until after FOMC tomorrow
Pride always comes before destruction.... -Proverbs 16:18
  • #1,803
  • Jul 27, 2017 4:02pm Jul 27, 2017 4:02pm
Quoting Expo33
{quote} 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 wave near completion, getting short at the 161FIB ext

WTI CRUDE 4H BEARISH CWW
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,804
  • Jul 31, 2017 2:10am Jul 31, 2017 2:10am
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No one wants to be defeated~
  • #1,805
  • Jul 31, 2017 4:28am Jul 31, 2017 4:28am
missed signals...
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No one wants to be defeated~
  • #1,806
  • Jul 31, 2017 4:48am Jul 31, 2017 4:48am
Quoting jonirrenicus
missed signals... {image} {image}
I missed many last week as I had little time for the screen

The good news: It's like metal detecting. You will find many good signals and there will be many treasures to be found.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,807
  • Jul 31, 2017 4:33pm Jul 31, 2017 4:33pm
AUD/USD 15MIN BEARISH CWW
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,808
  • Aug 1, 2017 12:41am Aug 1, 2017 12:41am
Quoting Expo33
AUD/USD 15MIN BEARISH CWW {image}
remember to check the NEWS
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No one wants to be defeated~
  • #1,809
  • Aug 1, 2017 12:48am Aug 1, 2017 12:48am
AUD returned to normal, AUD/CAD is less related to NFP.
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No one wants to be defeated~
  • #1,810
  • Aug 1, 2017 8:02am Aug 1, 2017 8:02am
Quoting jonirrenicus
{quote} remember to check the NEWS {image}
I am always aware of news.

Added shorts all the way up to 8040 now in the green nicely.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,811
  • Aug 1, 2017 9:01pm Aug 1, 2017 9:01pm
nearly missed this one...
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No one wants to be defeated~
  • #1,812
  • Aug 2, 2017 3:08am Aug 2, 2017 3:08am
System is definitely good but i keep making stupid mistakes, ruined all trades.
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No one wants to be defeated~
  • #1,813
  • Aug 2, 2017 12:31pm Aug 2, 2017 12:31pm
Hi, Expo33:
I've been reading this thread for some time so far and learned a lot. Just wanna say a big 'thank you' to you and everyone that's contributed to make it what it is today!
But I do have a question: when you do your pre-trade analysis (as in post#1286), where do you place your INITIAL STOPLOSS when you scale in? I can't find this being discussed anywhere in the thread (correct me if I'm wrong)? Can you talk about it a little bit?
Thank you for your time and help!

Shuo
  • #1,814
  • Aug 2, 2017 6:33pm Aug 2, 2017 6:33pm
Quoting zhangshuo
Hi, Expo33: I've been reading this thread for some time so far and learned a lot. Just wanna say a big 'thank you' to you and everyone that's contributed to make it what it is today! But I do have a question: when you do your pre-trade analysis (as in post#1286), where do you place your INITIAL STOPLOSS when you scale in? I can't find this being discussed anywhere in the thread (correct me if I'm wrong)? Can you talk about it a little bit? Thank you for your time and help! Shuo
Hi Shuo and thanks for posting

I am heading out the door very soon until tomorrow morning. So to give you a short answer I think the stop loss will be dependent a lot on your risk profile.

From a price action standpoint. I try and use the FIB extensions as a guide as well as previous S/R levels. It is always a work in progress. Recently, I have been studying supply/demand zones as a way to find prudent stop loss levels. I think each trader will see price action a bit differently so stop losses may be a personal style rather than a hard rule.

My main thought when placing stop losses is to make sure I give the trade enough room to breathe. I try and think where the market makers will likely be trying to blow up retail traders and then place my stop a bit farther above or below that level. If need be I just reduce my position size and use a bigger stop just to give my trade a little more breathing room without taking on anymore risk.

I hope this helps but I think it ultimately is a function of experience in finding out what works thru trial and error.

Good luck friend.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,815
  • Aug 3, 2017 10:48pm Aug 3, 2017 10:48pm
god bless me!
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No one wants to be defeated~
  • #1,816
  • Aug 4, 2017 8:30pm Aug 4, 2017 8:30pm
sometimes we have a to skip good signals like this...due to important NEWS

any ideas?
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No one wants to be defeated~
  • #1,817
  • Aug 5, 2017 12:23am Aug 5, 2017 12:23am
Hi Everyone. I would like to know how many of you are consistently making reasonable profits from using this method and or the indicator? Thank you.
  • #1,818
  • Aug 5, 2017 10:43am Aug 5, 2017 10:43am
Hi Guys
I have been reading this thread all day & it seems i found people with a similar focus. I have been studying Harmonic patterns mostly & Wolfe waves fits in quite nicely .Anything that runs of the back of Elliot wave theory appeals to me. Anyway just wanted to introduce & myself hope to participate more in the near future.
  • #1,819
  • Aug 5, 2017 9:12pm Aug 5, 2017 9:12pm
Quoting Aziraphale
Hi Guys I have been reading this thread all day & it seems i found people with a similar focus. I have been studying Harmonic patterns mostly & Wolfe waves fits in quite nicely .Anything that runs of the back of Elliot wave theory appeals to me. Anyway just wanted to introduce & myself hope to participate more in the near future.
Welcome and thanks for posting.

I think most would agree that in many instances (not always) Wolfe waves are the end points of larger harmonic structures, just more basic and a bit easier to understand.

Look forward to your input

Cheers, -Kurt
Pride always comes before destruction.... -Proverbs 16:18
  • #1,820
  • Aug 5, 2017 9:18pm Aug 5, 2017 9:18pm
Quoting dorus18
Hi Everyone. I would like to know how many of you are consistently making reasonable profits from using this method and or the indicator? Thank you.
I can only speak for myself.

Yes, I've been trading Wolfe waves for about a year now and it has been consistent and profitable. The indicator that "parviz" developed has made the process of finding waves much simpler. It frees up more time to sift thru many waves to find the ones that appear to have the best probability of success.

I haven't had any free time for the past few months and haven't posted much so it seems the thread is dying off a bit. Maybe that's a sign that traders aren't finding Wolfe waves very profitable. I really don't know.

Cheers and good luck
Pride always comes before destruction.... -Proverbs 16:18
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