Wolfe Waves - Get in the Zone | Page 96 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/NZD

Similar Threads

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

Help needed to build a Wolfe Waves Expert Advisor EA 3 replies

Attachments: Wolfe Waves - Get in the Zone
Exit Attachments

Wolfe Waves - Get in the Zone

  • #1,901
  • Sep 24, 2017 3:20pm Sep 24, 2017 3:20pm
This looks interesting

https://charts.mql5.com/16/245/gbpau...al-markets.png
  • #1,902
  • Sep 24, 2017 7:05pm Sep 24, 2017 7:05pm
Hi Parviz1953


For attached picture , there is a varying number appears besides zigzag in the circle shown

For what this number , and what does it represent ?
Attached Image
  • #1,903
  • Sep 24, 2017 7:08pm Sep 24, 2017 7:08pm
Quoting cksinfo
This looks interesting https://charts.mql5.com/16/245/gbpau...al-markets.png

Hi cksinfo

what does this picture mean ? or what do you want to tell from the picture?
  • #1,904
  • Sep 24, 2017 8:13pm Sep 24, 2017 8:13pm
I think it's a good setup for 1HR GBPAUD coming in to 5th leg of Wolfe wave
  • #1,905
  • Sep 25, 2017 12:11am Sep 25, 2017 12:11am
Quoting simba2000
Hi Parviz1953 For attached picture , there is a varying number appears besides zigzag in the circle shown For what this number , and what does it represent ? {image}
The white number is how many pips price has moved from the last ZIGZAG High/Low
Pride always comes before destruction.... -Proverbs 16:18
  • #1,906
  • Edited 12:33am Sep 25, 2017 12:15am | Edited 12:33am
Quoting acsandrei
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 {image} Another cross to take a look to is usdchf: there are many target, but i always prefer the conservative one. {image}
For the EUR/CAD Daily you posted I'm not a big fan of X just being a random location. I see traders just picking X anywhere just to fit in it for the Wolfe wave. For me point X should be distinct, either a swing Hi/Lo point or at least a minor localized Hi/Lo

If you look closely you can see that there actually was a valid classic bullish Wolfe wave that already has played out. Price rejected for a week straight at the 200FIB extension which was only 30 pips from perfect AB=CD completion. Not bad considering the impulse waves were over 500 pips each. Price then re-traced about 600 pips almost to the target line
Attached Image (click to enlarge)
Click to Enlarge Name: ecad.png Size: 69 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,907
  • Sep 25, 2017 1:57am Sep 25, 2017 1:57am
Quoting Expo33
{quote} For the EUR/CAD Daily you posted I'm not a big fan of X just being a random location. I see traders just picking X anywhere just to fit in it for the Wolfe wave. For me point X should be distinct, either a swing Hi/Lo point or at least a minor localized Hi/Lo If you look closely you can see that there actually was a valid classic bullish Wolfe wave that already has played out. Price rejected for a week straight at the 200FIB extension which was only 30 pips from perfect AB=CD completion. Not bad considering the impulse waves were over 500...
The reason i chosed that X point is that the gap in particular cases let you put it on the level of B point. But the main reason i prefer my waves is that in AB there isn't any "bump" that interrupt the down move, thing that i pretend in my waves to draw a correct XC (target) line.
Since it did not reach the target line, and there isn't any contrary wave, the wolfe waves have not been drawn correcly.
I could be wrong, i'm young so i'm willing to learn from a trader with more experience in wolfe wave than me
Avoid the crowd. Be chess player, not chess piece
  • #1,908
  • Sep 25, 2017 2:03am Sep 25, 2017 2:03am
Quoting acsandrei
{quote} The reason i chosed that X point is that the gap in particular cases let you put it on the level of B point. But the main reason i prefer my waves is that in AB there isn't any "bump" that interrupt the down move, thing that i pretend in my waves to draw a correct XC (target) line. Since it did not reach the target line, and there isn't any contrary wave, the wolfe waves have not been drawn correcly. I could be wrong, i'm young so i'm willing to learn from a trader with more experience in wolfe wave than me
The main point I was making is that for a bullish WW point X should be at least a minor low, thus point B and D are making lower lows. For me, point X can't just be any random point in space just to start a WW

I took everything off the chart but added the fractals and there isn't even a single fractal anywhere along that impulse wave, so there is no X point for me
Attached Image (click to enlarge)
Click to Enlarge Name: ecadfr.png Size: 61 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,909
  • Sep 25, 2017 3:45am Sep 25, 2017 3:45am
Quoting Expo33
{quote} The main point I was making is that for a bullish WW point X should be at least a minor low, thus point B and D are making lower lows. For me, point X can't just be any random point in space just to start a WW I took everything off the chart but added the fractals and there isn't even a single fractal anywhere along that impulse wave, so there is no X point for me {image}
You are probably right, there is not even ab-cd pattern
Would be possible to see some your analisys of wolfe waves that you have taken? That s because i have some gaps individuating and trading the the wolfe waves, and i think that would be inspiring for me, and help me find some more criteria for the entry
Avoid the crowd. Be chess player, not chess piece
  • #1,910
  • Sep 25, 2017 9:50am Sep 25, 2017 9:50am
Quoting acsandrei
{quote} You are probably right, there is not even ab-cd pattern Would be possible to see some your analisys of wolfe waves that you have taken? That s because i have some gaps individuating and trading the the wolfe waves, and i think that would be inspiring for me, and help me find some more criteria for the entry
I think if you read thru the whole thread you will see 100s of examples
Pride always comes before destruction.... -Proverbs 16:18
  • #1,911
  • Edited 12:47pm Sep 25, 2017 9:52am | Edited 12:47pm
Getting short on oil here.

WTICrude DAILY BEARISH CCW
Attached Image (click to enlarge)
Click to Enlarge Name: oil.png Size: 75 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,912
  • Sep 26, 2017 5:57am Sep 26, 2017 5:57am
Quoting Expo33
EUR/JPY 4H BEARISH CWW {image}
Patience and a prudent stop loss allowing the trade to breath finally paid off. TP hit @132.15 for about 180 pips
Attached Image (click to enlarge)
Click to Enlarge Name: ej.png Size: 85 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,913
  • Sep 26, 2017 9:30am Sep 26, 2017 9:30am
Quoting Expo33
{quote} Patience and a prudent stop loss allowing the trade to breath finally paid off. TP hit @132.15 for about 180 pips {image}
Nice, but, why don't you wait for 1-4 target?

Can i ask you if you agree with this ww analisy? it has a good abcd completion inside
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad ww.JPG Size: 88 KB
Avoid the crowd. Be chess player, not chess piece
  • #1,914
  • Sep 26, 2017 9:37am Sep 26, 2017 9:37am
How about this potential setup: GBPUSD H1
What do you guys think about it and where would you place your entries?

Attached Image (click to enlarge)
Click to Enlarge Name: USD Mini (-).png Size: 99 KB
  • #1,915
  • Edited 9:51am Sep 26, 2017 9:38am | Edited 9:51am
Quoting acsandrei
{quote} Nice, but, why don't you wait for 1-4 target? Can i ask you if you agree with this ww analisy? it has a good abcd completion inside {image}
Many times I don't target the 1-4. In this case I risked 90 pips to win 180. Yen pairs have way to much exposure to geopolitical shananigans so I tend to be conservative.

Interesting wave on EURCAD. Price is at the 161FIB extension which also correlates with Davit's S38 weekly pivot. The actual AB=CD completion price is about 30 pips lower at the 200FIB extension. Of course, full AB=CD completion isn't a requirement for a trade just a level to know. So far looks like price is holding.
Attached Image (click to enlarge)
Click to Enlarge Name: ecad.png Size: 65 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,916
  • Sep 26, 2017 10:03am Sep 26, 2017 10:03am
Quoting Knurrem
How about this potential setup: GBPUSD H1 What do you guys think about it and where would you place your entries? {image}
I was also tracking this one as well. I'd be waiting for the 161FIB ext - S78 pivot level.

For me, how I enter the position depends on whether I am scaling in with multiple small positions on the way down. Kind of a dollar cost averaging scale in method. For more volatile pairs, I tend to wait and monitor price action at the resistance zone and enter after a TDI cross. As traders we each will have a different style and/or risk management profile which will determine how we decide to take a position.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 61 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,917
  • Sep 26, 2017 10:14am Sep 26, 2017 10:14am
Quoting Expo33
I was also tracking this one as well. I'd be waiting for the 161FIB ext - S78 pivot level.
I think that's a good area to scale in as I spotted resistance from daily chart starting at around 1,337-ish. This level also coincides with the 176,40 fibo. Possible that price breaks down to this area and is rejected to the upside within a short period of time, which I'd rate as a good sign that it will move further to the upside. I'll likely scale in with 2 positions this time I guess, depending on how it goes. Thanks for your advice.
  • #1,918
  • Sep 26, 2017 10:37am Sep 26, 2017 10:37am
I think it's more cautious in any case to wait after Yellen speech to look for gbpusd
Avoid the crowd. Be chess player, not chess piece
  • #1,919
  • Sep 26, 2017 11:05am Sep 26, 2017 11:05am
Quoting acsandrei
I think it's more cautious in any case to wait after Yellen speech to look for gbpusd
Always cautious but important to be prepared with your entry levels in advance. We are still 50 pips away from AB=CD level so the speech could be the catalyst that spikes price right down into our kill zone. Sometimes I like to have 10 tiny positions a few pips apart waiting in advance.

Likely the Yellen speech will be a non event. We already heard her spiel last week.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,920
  • Sep 26, 2017 11:08am Sep 26, 2017 11:08am
Quoting Expo33
{quote} Sometimes I like to have 10 tiny positions a few pips apart waiting in advance..
Do you mean a pendenting order in the direction of the wolfe?
Avoid the crowd. Be chess player, not chess piece
0 traders viewing now