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Wolfe Waves - Get in the Zone

  • #2,021
  • Oct 21, 2017 12:12am Oct 21, 2017 12:12am
Quoting Knurrem
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. {image}
Guess we will have to wait and see. Here's another long term potential scenario
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Pride always comes before destruction.... -Proverbs 16:18
  • #2,022
  • Oct 21, 2017 2:03am Oct 21, 2017 2:03am
Quoting Expo33
{quote} Guess we will have to wait and see. Here's another long term potential scenario {image}
That's a possibility that came to my mind too and I can imagine it's a likely scenario, considering point "d" of the smaller possible WW (purple in my chart below) would be a pullback to the longer term ascending red dashed trendline. Interestingly contrarily to your chart I don't have the big spike on my chart where I mapped point A of the big blue WW. Anyway, this will be interesting to watch how it's going to unfold.

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  • #2,023
  • Edited 9:03am Oct 23, 2017 2:33am | Edited 9:03am
my analysis for usdchf
bearish ww with AB CD pattern and even AB=CD. Plus bounce from R38, waiting a signal from TDI
Attached Image (click to enlarge)
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Edit: put positions:
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Avoid the crowd. Be chess player, not chess piece
  • #2,024
  • Oct 23, 2017 3:56pm Oct 23, 2017 3:56pm
What I am seeing on 4H EURJPY. Any objections? Any experts able to weight in on corrections?
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  • #2,025
  • Oct 23, 2017 3:58pm Oct 23, 2017 3:58pm
Expecting this to be the start of wave three of a larger wolfe wave I spot on the weekly, expecting to hit 115.5.
  • #2,026
  • Oct 23, 2017 4:00pm Oct 23, 2017 4:00pm
Quoting bladerogers
What I am seeing on 4H EURJPY. Any objections? Any experts able to weight in on corrections? {image}
This is not a wolfe wave. B point has to be higther than X
Avoid the crowd. Be chess player, not chess piece
  • #2,027
  • Oct 24, 2017 4:30am Oct 24, 2017 4:30am
New Method...AC XC as TP1/2
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No one wants to be defeated~
  • #2,028
  • Edited 5:17pm Oct 24, 2017 12:42pm | Edited 5:17pm
Naked chart. Smaller WW ending about 10 pips past the larger WW. Giving short a chance here

USD/CAD 15MIN DOUBLE BEARISH CWWS

Entered another position at the second completion level
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Pride always comes before destruction.... -Proverbs 16:18
  • #2,029
  • Edited 5:08am Oct 25, 2017 4:43am | Edited 5:08am
Hi all, asked Kurt about a ww on usdchf and eurnzd and how to behave if price bounce to B point, and how to manage position; and it's better to paste here the answer so probably can help many other as did to me:

"I move my SLs to BE depending on the volatility of the pair and how many pips it has moved. For a pair like EUR/NZD 9super volatile) I wouldn't likely move my stops after 15 pips in the green.

Also, I don't know how big your profit target is but If your trading 4H/DAILY on a pair like EUR/NZD then the TPs would be 200-400 pips at least so I would assume the SLs would be fairly big as well.

I tend to enter multiple positions and take profit on the first position if I make 20-30 pips. A lot though depends on the pair and the time frame.

Right now their is a bearish WW on EUR/NZD that is about 80 pips past the AB=CD level. I haven't entered because there is a lot of bullish momentum and this could possibly run another 500 pips plus upwards. Point is that the legs AB and CD are about 1700 pips each!! So its relative to how I would be setting my SLs and how I would go about booking profits."

Thank you Kurt!
Avoid the crowd. Be chess player, not chess piece
  • #2,030
  • Oct 25, 2017 12:16pm Oct 25, 2017 12:16pm
Quoting Expo33
Naked chart. Smaller WW ending about 10 pips past the larger WW. Giving short a chance here USD/CAD 15MIN DOUBLE BEARISH CWWS Entered another position at the second completion level {image}
Out at BE. Price originally dipped but then ranged and with big news coming always best to play it safe.
Pride always comes before destruction.... -Proverbs 16:18
  • #2,031
  • Oct 25, 2017 1:14pm Oct 25, 2017 1:14pm
bearish ww with no ab cd pattern or ab=cd. only a good resistence and a rejection of XB line. Unfortunately already cloded to BE
Attached Image (click to enlarge)
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Avoid the crowd. Be chess player, not chess piece
  • #2,032
  • Oct 26, 2017 3:12am Oct 26, 2017 3:12am
look for none-EUR pair to trade today
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No one wants to be defeated~
  • #2,033
  • Oct 26, 2017 3:20am Oct 26, 2017 3:20am
bid rate suicide trading
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No one wants to be defeated~
  • #2,034
  • Oct 26, 2017 8:27am Oct 26, 2017 8:27am
nzdusd near of my reversing zone of 2.4-2.618 of BC. Waiting for another down move in the support zone.
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Avoid the crowd. Be chess player, not chess piece
  • #2,035
  • Oct 26, 2017 11:07am Oct 26, 2017 11:07am
This is a mistake that I do too many times, which I have to correct. Fear of loosing is one of the worst defect that I have. I have planned all for this ww but i have not been able to perform it correctly. It would have been a nice TP.
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Avoid the crowd. Be chess player, not chess piece
  • #2,036
  • Oct 26, 2017 2:40pm Oct 26, 2017 2:40pm
Quoting acsandrei
nzdusd near of my reversing zone of 2.4-2.618 of BC. Waiting for another down move in the support zone. {image}
I have been waiting on this one too. The time has officially come to catch a falling knife!

NZD/USD DAILY BULLISH CWW
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Pride always comes before destruction.... -Proverbs 16:18
  • #2,037
  • Oct 26, 2017 10:58pm Oct 26, 2017 10:58pm
standard buy 2 signals
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No one wants to be defeated~
  • #2,038
  • Oct 27, 2017 3:55am Oct 27, 2017 3:55am
Closed 80% of position in eurgbp , the spike is too big, and the fundamentals are against
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In NzdUsd my order has been performed by the spikes some hours ago, and it gave me a good entry point.
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Avoid the crowd. Be chess player, not chess piece
  • #2,039
  • Oct 27, 2017 4:26am Oct 27, 2017 4:26am
Quoting acsandrei
Closed 80% of position in eurgbp , the spike is too big, and the fundamentals are against {image} In NzdUsd my order has been performed by the spikes some hours ago, and it gave me a good entry point. {image}
Well done.

NZD/USD 4H we got a bullish outside candle followed a higher close on the next candle. Maybe we can get some momentum heading into the weekend. The US dollar has been very strong across the board all week.
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Pride always comes before destruction.... -Proverbs 16:18
  • #2,040
  • Oct 27, 2017 5:06am Oct 27, 2017 5:06am
Quoting acsandrei
This is a mistake that I do too many times, which I have to correct. Fear of loosing is one of the worst defect that I have. I have planned all for this ww but i have not been able to perform it correctly. It would have been a nice TP. {image}
At least you recognize the issue is fear. Is it possible your position size is too big?

In looking at the pivots and other confluence for that trade, the SL only needed to be about 20-30 pips so I'm wondering if you may be over leveraging your trades. Otherwise, there shouldn't be any fear. As Mark Douglas always pointed out, it's imperative that we trade without fear.
Pride always comes before destruction.... -Proverbs 16:18
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