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Wolfe Waves - Get in the Zone

  • #2,001
  • Oct 18, 2017 3:56pm Oct 18, 2017 3:56pm
Sitting on the sidelines for the moment but monitoring this one. Price retesting point D at the moment.

USD/JPY 1H BEARISH CWW
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Pride always comes before destruction.... -Proverbs 16:18
  • #2,002
  • Oct 18, 2017 9:03pm Oct 18, 2017 9:03pm
Short of point D but beautiful symmetry. Also, 5 of the daily and weekly PIVOT/S/R levels are identical. To me that says that price is in a harmonic mode for now.

USD/CAD 1H BULLISH CWW
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Pride always comes before destruction.... -Proverbs 16:18
  • #2,003
  • Oct 18, 2017 9:23pm Oct 18, 2017 9:23pm
Quoting Expo33
Short of point D but beautiful symmetry. Also, 5 of the daily and weekly PIVOT/S/R levels are identical. To me that says that price is in a harmonic mode for now. USD/CAD 1H BULLISH CWW {image}
The current wave forming looks promising, but there's a preceding and bigger WW that might still wanna reach its target. What do you think about that?
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  • #2,004
  • Oct 18, 2017 9:46pm Oct 18, 2017 9:46pm
Quoting Knurrem
{quote} The current wave forming looks promising, but there's a preceding and bigger WW that might still wanna reach its target. What do you think about that? {image}
Good point my friend and certainly important to keep track of any other waves in play. However, I think that wave has played out to its potential considering how much price has been ranging since that time.
Pride always comes before destruction.... -Proverbs 16:18
  • #2,005
  • Oct 19, 2017 8:36am Oct 19, 2017 8:36am
Quoting Expo33
{quote} Good point my friend and certainly important to keep track of any other waves in play. However, I think that wave has played out to its potential considering how much price has been ranging since that time.
Right, makes sense to me. Gotta keep that in mind for future setups. For me it's still difficult to judge how much time to give a wave to complete, but I guess it always depends on many different things that influence the equation... But it's those things that keep the game interesting, right?
  • #2,006
  • Oct 19, 2017 1:01pm Oct 19, 2017 1:01pm
How about that: Gold monthly
First to point D where the 61,8% fibo-level of the downmove from September 2011 to December 2015 confluences with horizontal resistance. Then the D-leg down towards the 200 SMA, with a target somewhere in the area between the 61,8% and 76,8% fibo of the upmove from 680 to 1.920 USD. Would be fun if it'll play out like that, I'll keep watching it.

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  • #2,007
  • Oct 19, 2017 1:18pm Oct 19, 2017 1:18pm
Quoting acsandrei
{quote} Yeah, in fact it closed to BE. Having good vibes for this. Nice ab cd pattern with bounce on weekly pivot. Edit: closed before news {image}
Following up on that most recent wave and it ended up being picture perfect

AUD/CAD 30MIN BULLISH CWW - COMPLETED
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Pride always comes before destruction.... -Proverbs 16:18
  • #2,008
  • Oct 19, 2017 1:23pm Oct 19, 2017 1:23pm
Quoting Knurrem
{quote} Right, makes sense to me. Gotta keep that in mind for future setups. For me it's still difficult to judge how much time to give a wave to complete, but I guess it always depends on many different things that influence the equation... But it's those things that keep the game interesting, right?
Right!

I imagine trading for me is like when I am driving my car around town. I am defensively aggressive. If I see an opportunity where I need to pump it up a bit and get in the passing lane, I will do it. BUT, I will ALWAYS be aware of my surroundings. Always on the lookout for other drivers (news events, geopolitical events, time of day, etc) that could put me in a risky situation.
Pride always comes before destruction.... -Proverbs 16:18
  • #2,009
  • Oct 19, 2017 1:41pm Oct 19, 2017 1:41pm
Quoting Expo33
{quote} Following up on that most recent wave and it ended up being picture perfect AUD/CAD 30MIN BULLISH CWW - COMPLETED {image}
yep, I took it
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Avoid the crowd. Be chess player, not chess piece
  • #2,010
  • Oct 19, 2017 8:11pm Oct 19, 2017 8:11pm
Quoting Expo33
Short of point D but beautiful symmetry. Also, 5 of the daily and weekly PIVOT/S/R levels are identical. To me that says that price is in a harmonic mode for now. USD/CAD 1H BULLISH CWW {image}
Not to the target line but good enough for 60 pips. We'll take it and look for other opportunities.
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Pride always comes before destruction.... -Proverbs 16:18
  • #2,011
  • Oct 19, 2017 11:47pm Oct 19, 2017 11:47pm
Look, check by the rules suitable for the wave of Woolf? Any criticism is welcome!
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To learn how to swim , you first need to enter the water!
  • #2,012
  • Oct 19, 2017 11:49pm Oct 19, 2017 11:49pm
Spotted a WW in H1 GBPUSD in the sweet zone. Hope this will be a fruitful one.

Please correct me if I found the wrong WW hehe. It seems to be the pattern is harmonic as AB = CD.

What is your opinion, Kurt? Thanks for the guidance.
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Trade Different
Multi 3000 All Time Pips: 23,606
  • #2,013
  • Oct 20, 2017 1:18am Oct 20, 2017 1:18am
Quoting wayfarer
Look, check by the rules suitable for the wave of Woolf? Any criticism is welcome!{image}
Unfortunately this is not even close to a WW in any way
Pride always comes before destruction.... -Proverbs 16:18
  • #2,014
  • Oct 20, 2017 1:25am Oct 20, 2017 1:25am
Quoting TidalSurf
Spotted a WW in H1 GBPUSD in the sweet zone. Hope this will be a fruitful one. Please correct me if I found the wrong WW hehe. It seems to be the pattern is harmonic as AB = CD. What is your opinion, Kurt? Thanks for the guidance. {image}
Certainly valid with a nice rejection off of D. Good luck if your in the trade.
Pride always comes before destruction.... -Proverbs 16:18
  • #2,015
  • Edited 2:13am Oct 20, 2017 1:38am | Edited 2:13am
EU - H4
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Online Chart Pattern Index - http://thepatternsite.com/chartpatterns.html
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #2,016
  • Oct 20, 2017 1:39am Oct 20, 2017 1:39am
Something I will be monitoring next week. The Kiwi has gotten every possible type of bad press over the last few weeks. It may be a little overcooked at the moment. On the sidelines for now but will evaluate price action/sentiment next week.

NZD/USD DAILY BULLISH CWW
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Pride always comes before destruction.... -Proverbs 16:18
  • #2,017
  • Oct 20, 2017 1:50am Oct 20, 2017 1:50am
Quoting Expo33
{quote} Certainly valid with a nice rejection off of D. Good luck if your in the trade.
Thank you Kurt! Yup I am in this. Risk 1%. TP at 3%. Good R;R ratio
Trade Different
Multi 3000 All Time Pips: 23,606
  • #2,018
  • Oct 20, 2017 1:51am Oct 20, 2017 1:51am
Quoting Expo33
Something I will be monitoring next week. The Kiwi has gotten every possible type of bad press over the last few weeks. It may be a little overcooked at the moment. On the sidelines for now but will evaluate price action/sentiment next week. NZD/USD DAILY BULLISH CWW {image}
This is also on my chart. Let's see today's close.. If it close as a good bullish candlestick, I would get in Monday. But I am only looking for Engulfing bar, or a pin bar haha. What is your favorite candlestick pattern to enter, Kurt? :-)

thanks
Trade Different
Multi 3000 All Time Pips: 23,606
  • #2,019
  • Oct 20, 2017 2:15am Oct 20, 2017 2:15am
Quoting TidalSurf
{quote} This is also on my chart. Let's see today's close.. If it close as a good bullish candlestick, I would get in Monday. But I am only looking for Engulfing bar, or a pin bar haha. What is your favorite candlestick pattern to enter, Kurt? :-) thanks
Well I don't really have a favorite. Guess it depends on the context in which it appears.
Pride always comes before destruction.... -Proverbs 16:18
  • #2,020
  • Oct 20, 2017 1:17pm Oct 20, 2017 1:17pm
AUDUSD daily

Not a CWW, but I consider going short when/if price comes back to at least the 141,4% fibo, preferably somewhat above it close to the 161,8% fibo.
Any thoughts on that are welcome.
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