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Wolfe Waves - Get in the Zone

  • #2,041
  • Edited 5:31am Oct 27, 2017 5:18am | Edited 5:31am
Quoting Expo33
{quote} 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.
My risk for every trade is 0.5%, so I think it's not for that reason. Probably is because i'm not 100% confident with my trades, but my first goal is to be ad much objective as I can.

For example in the wolfe of NzdUsd i'm now worried about the GDP news of USD. But i think the solution is to let the trade go as it goes
Avoid the crowd. Be chess player, not chess piece
  • #2,042
  • Oct 27, 2017 5:10pm Oct 27, 2017 5:10pm
How about this one on the Weekly for WTI? XA to BC symmetry is not quite perfect, but AB CD are within a few pips of each other, and I know my broker doesn't close out the weekly chart until Monday 2AM my time...so thinking that big bullish candle could easily turn into a big bearish wick. Thoughts??
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  • #2,043
  • Oct 28, 2017 2:25am Oct 28, 2017 2:25am
Quoting bladerogers
How about this one on the Weekly for WTI? XA to BC symmetry is not quite perfect, but AB CD are within a few pips of each other, and I know my broker doesn't close out the weekly chart until Monday 2AM my time...so thinking that big bullish candle could easily turn into a big bearish wick. Thoughts??{image}
Hi bladerogers, I have doubt this will work out as I don't really like point X. If i switch to a weekly timeframe, your point X is no significant high anymore. Furthermore I'm watching an AWW (I know we don't post them anymore, but it's unfolding neatly so far) on the weekly timeframe going it's way to the targetline for weeks. I marked the bigger wave in my chart pink and yours blue:

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I won't say that there's no possibility that your wave could work, but for me it's countertrend and if it works out I doubt it has big potential.
I hope that was helpful and I'm curious how other people see this.
  • #2,044
  • Oct 28, 2017 4:52am Oct 28, 2017 4:52am
E/A..1h chart
if breaking the channel... 1.485x may be the target.
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  • #2,045
  • Oct 28, 2017 6:48am Oct 28, 2017 6:48am
Again WTI. Another Classical WW on the daily appears fine to me. I would not enter below the S/R level at 54.75 however. Take Profit probably already around the Friday close (54.19).
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  • #2,046
  • Oct 28, 2017 8:55pm Oct 28, 2017 8:55pm
it is a pity to miss a signal like this....
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No one wants to be defeated~
  • #2,047
  • Edited 2:35am Nov 2, 2017 1:01am | Edited 2:35am
USD/CAD 30MIN BULLISH CWW
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Pride always comes before destruction.... -Proverbs 16:18
  • #2,048
  • Nov 2, 2017 2:42am Nov 2, 2017 2:42am
Quoting Expo33
USD/CAD 30MIN BULLISH CWW {image}
yes yes
Attached Image
No one wants to be defeated~
  • #2,049
  • Nov 2, 2017 2:56am Nov 2, 2017 2:56am
more...
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No one wants to be defeated~
  • #2,050
  • Nov 2, 2017 9:04am Nov 2, 2017 9:04am
Quoting jonirrenicus
more... {image}
nzdusd XB and AC nearly divergence, don't like this one.
also we are in a bigger bullish ww
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Your ww on eurjpy has no defined wave, don't like ww with no harmony
Avoid the crowd. Be chess player, not chess piece
  • #2,051
  • Nov 2, 2017 1:26pm Nov 2, 2017 1:26pm
Not forex, but maybe some of you are interested anyway.

There is a possible CWW forming in the weekly chart of JNUG, which is a tripple leveraged ETF on junior gold miners.
Take a look for yourself:

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  • #2,052
  • Nov 2, 2017 5:49pm Nov 2, 2017 5:49pm
Quoting Expo33
USD/CAD 30MIN BULLISH CWW {image}
Picked up +20 pips on half the position but the rest got stopped out at BE.
Pride always comes before destruction.... -Proverbs 16:18
  • #2,053
  • Nov 2, 2017 5:54pm Nov 2, 2017 5:54pm
it's probably time to secure nzdusd: NFP news in 15 hours. All forecasts are positive for the USD so, even if the news are always uncertain, it's better to be prepared

"Nonfarm payroll day has crept up again, due at 1230 GMT

  1. For October
  2. Bloomberg consensus expected is +313K, prior -33k for the headline
  3. U/e expected 4.2%, prior 4.2%
  4. Average hourly earnigns expected 0.2% m/m, 2.7% y/y (priors 0.5% & 2.9%)

Snippet from Goldman Sachs' preview of the data:

GS estimate nonfarm payrolls +340k in October, above consensus of +310k and the 3-month average pace of +91k

  1. Our forecast reflects solid underlying job growth and a sharp rebound in employment in hurricane-affected areas, as we estimate flooding and power outages reduced the level of September payrolls by approximately 180k.

Unemployment rate forecast is 4.2%
For average hourly earnings

  1. increase 0.2% m/m
  2. 2.7% y/y "

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Avoid the crowd. Be chess player, not chess piece
  • #2,054
  • Nov 2, 2017 10:15pm Nov 2, 2017 10:15pm
Quoting acsandrei
{quote} nzdusd XB and AC nearly divergence, don't like this one. also we are in a bigger bullish ww {image} Your ww on eurjpy has no defined wave, don't like ww with no harmony
good point! WW not very clear on E/J...so the PA is not that strong when reaches D.
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No one wants to be defeated~
  • #2,055
  • Nov 2, 2017 10:17pm Nov 2, 2017 10:17pm
USD/CAD timeout...
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No one wants to be defeated~
  • #2,056
  • Edited 1:14pm Nov 3, 2017 10:45am | Edited 1:14pm
Micro positions in this ww
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missed this one for the NFP but it would have been ok
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Avoid the crowd. Be chess player, not chess piece
  • #2,057
  • Nov 5, 2017 8:10pm Nov 5, 2017 8:10pm
this is how WW works....suddenly reversed at XC line
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No one wants to be defeated~
  • #2,058
  • Nov 6, 2017 12:55am Nov 6, 2017 12:55am
today i found...
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No one wants to be defeated~
  • #2,059
  • Nov 6, 2017 2:21am Nov 6, 2017 2:21am
Quoting jonirrenicus
today i found... {image} {image} {image}
Excellent.
I have a favor to ask you. Could you clean your charts from all that annoying moving averages when you take screen shots?
Only because 1) I think them don't work at all with WWs 2) It's difficult to read your charts.
it's just a tip
Avoid the crowd. Be chess player, not chess piece
  • #2,060
  • Edited 10:34am Nov 6, 2017 9:53am | Edited 10:34am
EUR/CHF bullish ww h1
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Avoid the crowd. Be chess player, not chess piece
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