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Wolfe Waves - Get in the Zone

  • #1,881
  • Sep 20, 2017 10:22am Sep 20, 2017 10:22am
Quoting Knurrem
Can someone confirm if this pattern forming in EURNZD M5 could potentially become a valid WW? {image}
Hi Knurrem, it can't be a wolfe wave because C point has to break XA range
Avoid the crowd. Be chess player, not chess piece
  • #1,882
  • Sep 20, 2017 10:26am Sep 20, 2017 10:26am
Quoting acsandrei
{quote} Hi Knurrem, it can't be a wolfe wave because C point has to go back to XA range
Right, didn't remember that. Thanks a lot.
  • #1,883
  • Sep 20, 2017 11:18am Sep 20, 2017 11:18am
Quoting heispark
PZ Wolfwave {file} https://youtu.be/cGxuiq3-hfU
this indicator is not working?
  • #1,884
  • Sep 20, 2017 2:03pm Sep 20, 2017 2:03pm
Quoting T4Trade
{quote} this indicator is not working?
Use one of the 3 versions on post #1. They are 100x better than any other WW indicators
Pride always comes before destruction.... -Proverbs 16:18
  • #1,885
  • Sep 20, 2017 2:10pm Sep 20, 2017 2:10pm
Quoting acsandrei
{quote} I agree with you, but can i ask you wich confirmation do you see? I see also a bearish wolfe wave on nzdusd( h4) {image}
There is a more recent WW on NZD/USD 4H and it had near perfect AB=CD symmetry in regards to price and especially time
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,886
  • Sep 20, 2017 2:17pm Sep 20, 2017 2:17pm
Quoting acsandrei
{quote} I agree with you, but can i ask you wich confirmation do you see? I see also a bearish wolfe wave on nzdusd( h4) {image}
The confirmation I was using for the EUR/JPY WW was actually from another system based on weekly pivots. I just didn't want to confuse anyone with stuff that hasn't been discussed here. If you are interested, the thread is here: https://www.forexfactory.com/showthread.php?t=588764

Here is my EUR/JPY chart with Davit's pivot template. Price showed multiple rejections at important pivot level and also had a decent TDI cross:
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,887
  • Edited 5:43pm Sep 20, 2017 3:35pm | Edited 5:43pm
Sometimes it just works out perfect. Price barely even moved more than 10 pips past AB=CD and hit the target line over 200 pips

EUR/AUD 1H BEARISH CWW
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,888
  • Sep 21, 2017 2:39am Sep 21, 2017 2:39am
Quoting Expo33
{quote} The confirmation I was using for the EUR/JPY WW was actually from another system based on weekly pivots. I just didn't want to confuse anyone with stuff that hasn't been discussed here. If you are interested, the thread is here: https://www.forexfactory.com/showthread.php?t=588764 Here is my EUR/JPY chart with Davit's pivot template. Price showed multiple rejections at important pivot level and also had a decent TDI cross: {image}
Very interesting to add confirmation. There is always to learn. Thank you
The bearish wolfe wave in the eur/jpy pair was brought up by the news of boj's Kuroda. Do you think it can cancel the wolfe wave?
Avoid the crowd. Be chess player, not chess piece
  • #1,889
  • Sep 21, 2017 2:50am Sep 21, 2017 2:50am
Quoting acsandrei
{quote} Very interesting to add confirmation. There is always to learn. Thank you The bearish wolfe wave in the eur/jpy pair was brought up by the news of boj's Kuroda. Do you think it can cancel the wolfe wave?
For me the wave is still completely valid and still contained within the acceptable stop loss zone. Trades need breathing room and time.

Also important to consider time frame and pair. EUR/JPY on the 4H will require a much larger stop loss than lets say the AUD/USD on a 30 minute time frame. So we will need smaller positions and more time to let the trade develop.

In addition, the BOJ policy and Kuroda's rhetoric are the same every time so no real surprise
Pride always comes before destruction.... -Proverbs 16:18
  • #1,890
  • Sep 21, 2017 8:48am Sep 21, 2017 8:48am
Quoting Expo33
{quote} For me the wave is still completely valid and still contained within the acceptable stop loss zone. Trades need breathing room and time. Also important to consider time frame and pair. EUR/JPY on the 4H will require a much larger stop loss than lets say the AUD/USD on a 30 minute time frame. So we will need smaller positions and more time to let the trade develop. In addition, the BOJ policy and Kuroda's rhetoric are the same every time so no real surprise
Also there is still an open gap near point C. I entered the trade with a small position an put TP a bit above the point where the gap would be closed.
Attached Image (click to enlarge)
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  • #1,891
  • Edited 9:33am Sep 21, 2017 9:04am | Edited 9:33am
Possible WW developing on AUDCHF M5.

Attached Image (click to enlarge)
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UPDATE: Got invalidated.

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  • #1,892
  • Sep 21, 2017 11:43am Sep 21, 2017 11:43am
AUDNZD M5. Potentially something to watch.
Attached Image (click to enlarge)
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  • #1,893
  • Sep 21, 2017 2:44pm Sep 21, 2017 2:44pm
AUDCHF M5. Doesn't look perfect somehow, but seems to work so far. Let's see how it evolves.
Attached Image (click to enlarge)
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  • #1,894
  • Sep 21, 2017 5:02pm Sep 21, 2017 5:02pm
Quoting Knurrem
AUDCHF M5. Doesn't look perfect somehow, but seems to work so far. Let's see how it evolves. {image}
You have the wave backwards again
Pride always comes before destruction.... -Proverbs 16:18
  • #1,895
  • Sep 22, 2017 8:15am Sep 22, 2017 8:15am
Quoting Expo33
{quote} You have the wave backwards again
Oh, you're right. I really gotta take a better look from now on.
  • #1,896
  • Sep 22, 2017 8:47am Sep 22, 2017 8:47am
Quoting Expo33
{quote} For me the wave is still completely valid and still contained within the acceptable stop loss zone. Trades need breathing room and time. Also important to consider time frame and pair. EUR/JPY on the 4H will require a much larger stop loss than lets say the AUD/USD on a 30 minute time frame. So we will need smaller positions and more time to let the trade develop. In addition, the BOJ policy and Kuroda's rhetoric are the same every time so no real surprise
little bearish ww (not so good) in h1 on eurjpy but probably can help the biggest one in h4/D1 to make the price go down
Attached Image (click to enlarge)
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Avoid the crowd. Be chess player, not chess piece
  • #1,897
  • Edited 6:51pm Sep 23, 2017 6:14pm | Edited 6:51pm
Quoting Expo33
EUR/CAD DAILY CWW {image}
Dear Mr. Expo333

I would like to thank you so much for this valuable thread , really i learned so much from it, (i am sending you a great gift).

  1. Also, i would like to thank parviz1953 for his great efforts creating indicators (i am sending him a great gift).
  2. Aldo , i would like to thank jonirrenicus, i sent him a message with my account #, i hope a reply (i am sending him a great gift).
  3. and all other active professional members in this thread


I liked WWs from this thread, and i think i will be WW's fan.
Now i am reading page 89, few pages and i will finish reading whole thread.
In return, I would like to contribute and be an active member in this thread and share constructive ideas for more success and green pips

  • #1,898
  • Sep 23, 2017 7:05pm Sep 23, 2017 7:05pm
i just started using this on 4 hour chart,lets share our experiences.
  • #1,899
  • Edited Sep 25, 2017 2:01am Sep 24, 2017 7:11am | Edited Sep 25, 2017 2:01am
For long term trades on eurcad, I raccomand to consider the bullish wolfe wave. In my opinion it's a really good one because the 5(D) point was formet by a little bearish WW that I highlighted with red lines. So take attention
Attached Image (click to enlarge)
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Avoid the crowd. Be chess player, not chess piece
  • #1,900
  • Edited 6:39pm Sep 24, 2017 11:36am | Edited 6:39pm
Hi Parviz1955

Actually i would like to thank you for your great work in creating these indicators.

I have suggestions to develop indicator ver 9.7.2, ver 8.5 and ver 9.6.1

For Complete and potential patterns,
1- There is no need for green triangle , it is better to remove it or make it by user choice to make it on or off, we want to see easy clear chart.

For "Complete patterns only - we are interested more in stability of point d and profit targets ":
1- "As I understand these fibo values are changing as price moves - and only used to match with fibos shown in "search again" in case of complete pattern - and becomes fixed once price breaks top of green traingle, ash shown in chart 3 by yellow arrow ".
For shown fibo percentage , We do not need all these fibo and in such format, we need fibos for D point only
AB/XA =
CD/BD =
BC/AB =
CD/XA =
CD/AB =
BD/XA =
(a) I suggest to replace it by (in same format below with the ability to change text size )
D/XA =
D/Main =
"Main , is fibo from z1 z2 , which represents LL or HH before point x , as shown in attached chart"
D/BC =
(b) For Search again box :
(as i understand , these values are fixed and do not vary as price vary)
I- Each Fibo must be shown in a different color and line format to be easily to easily distinguish between lines on chart
II - I Suggest to only use the following fibos only:
XA FIBO
BC FIBO
Main (Z1Z2) FIBO
III - Add take profit points :
TP1 : "Value " Horizontal line from X point
TP2 : "Value " Horizontal line from C point
TP3 : "Value " Horizontal line from A point

For "Potential patterns only - we are interested in stability of point c":
1- "As I understand these fibo values are changing as price moves, and only used to match with fibos shown in "search again" in case of complete pattern ".
For shown fibo percentage , We do not need all these fibo and in such format, we need fibos for D point only
AB/XA =
CD/BD =
BC/AB =
CD/XA =
CD/AB =
BD/XA =
(a) I suggest to replace it by (in same format below with the ability to change text size )
C/XA =
C/Main1 =
"Main , is fibo from S1 S2 " As Shown in chart 2, which represents LL or HH before point x "
C/AB =

(b) For Search again box :
(as i understand , these values are fixed and do not vary as price vary)
I- Each Fibo must be shown in a different color and line format to be easily to easily distinguish between lines on chart
II - I Suggest to only use the following fibos only:
(for Point c):
C/XA =
C/Main1 =
"Main , is fibo from S1 S2 " As Shown in chart 2, which represents LL or HH before point x "
C/AB =
(For Point D)
D/XA FIBO
D/BC FIBO
D/Main (Z1Z2) FIBO as shown in chart 1

I am ready for any clarifications
Thank you in advance.
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