A new look at Wolf Waves

Hi all ,


Thanks for this thread , this wave pattern helped me a lot in my trading. i use this as confluence with support and resistance and also candlestick pattern.

First time playing around with Wolf Waves...Threw this one together

Little contribution.
AUD/JPY Diary

Hi Everyone,
Interesting thread...thanks.
I put GBUS on strategy tester, with a floor trader pivot indicator (the magenta line is the central pivot). Price tends to test the prior day's pivot, so this may give you an idea of whether price has a chance of hitting the 1-4 line. In the example below, the prior day's pivot is above the 1-4 line and price duly hits it on the way to the pivot.

Here is a WW where the pivots are below the 1-4 line. Price only gets as far as point 4. The location of the pivots could be a useful filter.



Evening all.....

You may find this WW pdf useful. https://www.pdf-archive.com/2016/01/15/wolfe-waves-full-explanation/wolfe-waves-full-explanation.pdf

HI lumiche,
Do you know why the pattern failed?

Thank you for the link of book Bill Wolfe.

Best Regards

hello Mr ProfitKeeper

sorry if i ask a dumb question, i still haven't fully understand how mark and draw the line and the spot.
is the #1 mark we must put on the very begining of a trend sir?
if so, i think i found one set up on eurusd


(please ignore that buy entry, it was me just messing around with demo acount XD)

and then the next one is this sir?



and btw thank you so much for sharing this strategy sir
in my opinion it will be very much being a strong, easy, profitable, and adaptive to any market changing condition (can be use for long term) if use with a bit of knowledge of price action trading

i think it can capture the exhaustion from a pullback move on a higher time frame, and can be use to capture the exhaustion from a trend also.

what i meant by that is, maybe when on a higher time frame (4h for example) is on an uptrend but it's in a pullback move, we can capture the exhaustion of that pullback (it may be a down trend or a consolidation move) on a lower time frame (15m for example). so it may seems like a counter trend trading on a lower time frame but it's actually still trading following the trend from a higher time frame....
well at least for me the higher time frame is always right so far.

ps : i'am sorry i have only read your thread up to page 17, it's 4:31 am here, my eye's are killing me XD
gonna crash to bed and finish it in the morning, so i'am sorry if my question is already been answered where on page that i haven't read it (or i might got acidentally skiped a word or two reading with my sore eyeball's XD)

Well I hope this thread hasn't died yet.

I've been learnings and trading for about 2 and a half years and only 2 months ago did I discover the wolfe wave. Boy is this set up amazing. - It gives really specific zones for managing risk and taking profit, with a high probability of success.

It works in every time frame, every forex pair, index, ETF, stock, bond, commodity - you name it.

Hi ProfitKeeper,

As for the bollinger band used, may i know what's your preferred setting on that and also what are the rules used to confirm the wolve wave?
Maybe, the high/low of the candle for point D barely touches the upper/lower band or breaches it.

hey profitkeeper it was a great thread that you started can i connect with you over telegram ?