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A new look at Wolf Waves

  • #101
  • Mar 15, 2016 2:19pm Mar 15, 2016 2:19pm
Quoting wizlon32
{quote} Megaphone pattern? You mean that it is getting wider instead of narrowing? I didn't see that described in the pdf I looked at but that is why I wondered if it was valid as I noticed it anyway.
Yes, that's what it means. There was one of the examples (actually 2) on the PDF that was a megaphone. (the last one and third to last).
  • #102
  • Mar 15, 2016 2:20pm Mar 15, 2016 2:20pm
Quoting wizlon32
Here is one I think. The entry point has been missed but it might have worked out well as we seem to have retested the break of the weekly trend line and might be heading lower as per the video I linked. {image} Although maybe it is a little flat on the top?
The sell wasn't taken in relation to the pattern shown. I didn't mean to show the sell at all.
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  • #103
  • Mar 15, 2016 2:30pm Mar 15, 2016 2:30pm
Quoting wizlon32
Here is one I think. The entry point has been missed but it might have worked out well as we seem to have retested the break of the weekly trend line and might be heading lower as per the video I linked. {image} Although maybe it is a little flat on the top?
A little flat, but I'm OK with it
  • #104
  • Mar 16, 2016 10:06am Mar 16, 2016 10:06am
Hi all

According to PDF, pattern in development..

best regards
masilva

edit: correction.. forget about it... # 3 should be higher than # 1
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  • #105
  • Mar 16, 2016 10:45am Mar 16, 2016 10:45am
http://niftypundit.com/sharing/pdf-on-wolfe-wave.html

I haven't read pages 3 thru 6, I went looking for the PDF. Excuse me if someone has already posted it.
  • #106
  • Mar 16, 2016 11:50am Mar 16, 2016 11:50am
EurSek H1

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  • #107
  • Edited 2:42pm Mar 16, 2016 2:24pm | Edited 2:42pm
Quoting wizlon32
EurSek H1 {image}
Wizlon,
How do you trade these exotics with a spread of about 120 pips? I see the pip value (Cdn) is only 0.15. Do you just use ten times the position size?

Thank god for stops (USD/CAD). Got stopped for a good profit, I only wish I had reversed the trade - but who knew?
  • #108
  • Mar 16, 2016 2:33pm Mar 16, 2016 2:33pm
Quoting Sossos
http://niftypundit.com/sharing/pdf-on-wolfe-wave.html I haven't read pages 3 thru 6, I went looking for the PDF. Excuse me if someone has already posted it.
No, nobody's posted this. I am just using the PDF I have posted to post #1
I am a bit hesitant about downloading from "niftypundit" with their multi step process and due to my last experience (not with them) where I ended up with unwanted programs and viruses.
Thanks anyway, and welcome.
  • #109
  • Mar 16, 2016 3:16pm Mar 16, 2016 3:16pm
Quoting profitkeeper
{quote} Wizlon, How do you trade these exotics with a spread of about 120 pips? I see the pip value (Cdn) is only 0.15. Do you just use ten times the position size? Thank god for stops (USD/CAD). Got stopped for a good profit, I only wish I had reversed the trade - but who knew?
I just trade them the same as any other pair if I like the set up. The spreads are high but not 120 pips. Here you can see the bid and ask lines...

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  • #110
  • Mar 16, 2016 4:22pm Mar 16, 2016 4:22pm
I know this is closing time, but I have one broker showing 250 spread and another 338 on EUR/SEK. LOL
  • #111
  • Mar 16, 2016 5:13pm Mar 16, 2016 5:13pm
I don't like the look of this one and I wasn't going to post it but what the hell........Lets see how it goes.

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  • #112
  • Mar 17, 2016 10:26am Mar 17, 2016 10:26am
Hi, good day.

Developing pattern

Regards
masilva

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  • #113
  • Mar 17, 2016 11:15am Mar 17, 2016 11:15am
Quoting wizlon32
I don't like the look of this one and I wasn't going to post it but what the hell........Lets see how it goes. {image}
Well That one failed miserably!!

The chart below is Dax H1. I didn't catch any of these but just posting for interest.

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  • #114
  • Mar 17, 2016 11:15am Mar 17, 2016 11:15am
Nice Masilve but I'm more conservative and looking at the 15 min. trendlines.

Would like to sell around the top one on a reversal pattern.
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  • #115
  • Mar 17, 2016 11:21am Mar 17, 2016 11:21am
Quoting Poocher
Nice Masilve but I'm more conservative and looking at the 15 min. trendlines. Would like to sell around the top one on a reversal pattern. {image}

It might work Poocher but I don't know if it is a Wolf Wave pattern as Point 3 is not higher than point 1.
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  • #116
  • Mar 17, 2016 11:30am Mar 17, 2016 11:30am
Yes Wizlon lots of traders argue the pennant/flag can't be horizontal but has to point up or down for it to be a Wolfe Wave.
  • #117
  • Mar 17, 2016 11:30am Mar 17, 2016 11:30am
Quoting masilva
Hi, good day. Developing pattern Regards masilva {image}
Here is one similar on AudUsd. Only saw it after seeing yours as these pairs move similar.

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  • #118
  • Mar 17, 2016 11:31am Mar 17, 2016 11:31am
Quoting Poocher
Yes Wizlon lots of traders argue the pennant/flag can't be horizontal but has to point up or down for it to be a Wolfe Wave.
I'm no expert, just going off what Ive read from the info in this thread.
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  • #119
  • Mar 17, 2016 11:34am Mar 17, 2016 11:34am
Good luck Wiz.

Its nice having your stop above the day's high. That's what I like about the eur$ trade I posted too.
  • #120
  • Mar 17, 2016 11:35am Mar 17, 2016 11:35am
Quoting wizlon32
{quote} Here is one similar on AudUsd. Only saw it after seeing yours as these pairs move similar. {image}
Sorry, target line was drawn wrong. This is better.

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