Possible WW developing in GJ 5 min:
Attached Image (click to enlarge)
{quote} Greetings JohnnyR, Your 5 min chart was nice for a quick run, but I think it may have been one of my Coyote waves (which is fine) because point 3 should be below point 1. But hey, it worked just as several of my early ones did. The 15 min chart actually looks like it is a rising pattern which means that point #1 should be at the top. Good to get some contributions. Please keep it up.
We could even copyright the name and only charge $2,000. Cad for the course (about 1/2 what Bill Wolfe charges). What do you get for your money? - A link to this thread of course. I'd give all the thread contributors a cut.
I missed this M15 WW a few hours ago - but it hit target for a 31 pip gain. It had quite an excursion to point 5, but it was valid. {image}
- #151
- Mar 22, 2016 4:38am Mar 22, 2016 4:38am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
{quote} No problem, hopefully it will help us. In the site that I posted the link to he talks about fib ratios with Wolf Waves a little. He said point 3 and 5 can be a 127 or 162 reteacement from the previous wave. So regarding my H1 gold chart above, here is an idea..... 1884977 {image}
In fact I would go as far as to say it was a doubly successful Wolf Wave as I was able to short from point 4 with a TP order placed at the 161.8 fib of points 3-4 which was my predicted projection for point 5. I also placed a buy limit at this point which was triggered nicely.
Hope you managed to catch some of that Profitkeeper and also some of the others who pop in here from time to time.
EDIT: I didn't actually short from point 4, but I shorted from about that level at the open on Sunday night.
Indentify > Plan > Accept > Execute
- #154
- Mar 22, 2016 7:48am Mar 22, 2016 7:48am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
Here is an idea for next week for GBPNZD. Left chart is H1, Right chart is D1 (I have already posted the D1 set up earlier in this thread). H1 looks like it is due a pullback before hopefully continuing. {image}
Indentify > Plan > Accept > Execute
- #155
- Mar 22, 2016 1:49pm Mar 22, 2016 1:49pm
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
{quote} GbpNzd is progressing well. Current support is monthly open line which may be tough to break. {image}
Indentify > Plan > Accept > Execute
- #156
- Mar 23, 2016 11:40am Mar 23, 2016 11:40am
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
Maybe not the best pattern but this is UsdJpy H1. Point 4 messes it up a bit I think.
Point 4 could be moved to the next blue pin bar up but then point 4 would be slightly higher than point 2.
Point 4 could be moved to the next blue pin bar up but then point 4 would be slightly higher than point 2.
Indentify > Plan > Accept > Execute
- #159
- Mar 23, 2016 5:33pm Mar 23, 2016 5:33pm
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
I am surprised there is not more interest in this thread. These set ups are accurate a lot of the time and they appear often in the charts on all TF.
Maybe we should record the win rate of all set ups that posted (as long as they are valid set ups).
Wolf Waves will always be a part of my trading now. Thanks Profitkeeper.
Maybe we should record the win rate of all set ups that posted (as long as they are valid set ups).
Wolf Waves will always be a part of my trading now. Thanks Profitkeeper.
Indentify > Plan > Accept > Execute
- #160
- Mar 23, 2016 6:21pm Mar 23, 2016 6:21pm
- Joined Jun 2015 | Status: Zen :-) | 1,185 Posts
Check this out. I just wanted to try something out and did a bit of back testing. I know some of these patterns may not be ideal but I think they are all valid.
This just shows how common, useful, and profitable these patterns are. This is USDJPY H1.
Only 1 did not hit its target line, but still would have made a profit. The current one is still playing out.
This just shows how common, useful, and profitable these patterns are. This is USDJPY H1.
Only 1 did not hit its target line, but still would have made a profit. The current one is still playing out.
Indentify > Plan > Accept > Execute