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A new look at Wolf Waves

  • #181
  • Mar 25, 2016 8:00am Mar 25, 2016 8:00am
Here is UsdChf Weekly. Hopefully it will keep dropping to form point 5.

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  • #182
  • Mar 25, 2016 8:03am Mar 25, 2016 8:03am
GbpAud Monthly.

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  • #183
  • Mar 25, 2016 8:08am Mar 25, 2016 8:08am
GbpChf Weekly.

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  • #184
  • Mar 25, 2016 8:10am Mar 25, 2016 8:10am
CadChf Weekly.

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  • #185
  • Mar 25, 2016 8:12am Mar 25, 2016 8:12am
EurTry (maybe a little bit exotic for Profitkeeper).

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  • #186
  • Mar 25, 2016 8:25am Mar 25, 2016 8:25am
I have found that the best application of Wolfe Wave is the ending diagonal - it's the 5th wave of an impulse Elliott Wave sequence or the C wave in a corrective wave sequence ABC
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  • #187
  • Mar 25, 2016 8:35am Mar 25, 2016 8:35am
the Corrective C Wave is an ending diagonal; another Wolfe Wave can be a triangle correction ABCDE , which can form sideways
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  • #188
  • Mar 25, 2016 8:36am Mar 25, 2016 8:36am
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  • #189
  • Edited 11:28am Mar 25, 2016 8:49am | Edited 11:28am
Quoting sclipp
{image}
Good stuff sclipp. Elliot waves are next on my list of things to learn.
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  • #190
  • Mar 25, 2016 2:55pm Mar 25, 2016 2:55pm
The diagrams that sclipp posted above are used in a series of 3 videos that you can view for free if you open a free account after following the link below. I have just finished watching the videos which are all about Elliot Waves. I think they are worth watching.

http://www.elliottwave.com/club/Elliott-Wave-Video-Crash-Course3/default.aspx?code=17447&articleid=0
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  • #191
  • Mar 25, 2016 3:58pm Mar 25, 2016 3:58pm
Quoting wizlon32
The diagrams that sclipp posted above are used in a series of 3 videos that you can view for free if you open a free account after following the link below. I have just finished watching the videos which are all about Elliot Waves. I think they are worth watching. http://www.elliottwave.com/club/Elliott-Wave-Video-Crash-Course3/default.aspx?code=17447&articleid=0
After viewing these videos I had another look at a couple of charts that I posted above. Here is another pattern on EurJpy Monthly.

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  • #192
  • Mar 26, 2016 12:12am Mar 26, 2016 12:12am
Wow,
You guys are getting way ahead of me. Great work !!!
I'm going to have to take WW more seriously. I just finished reading the latest PDF and the recent posts. It seemed so simple when I started this thread, but several new concepts are creeping in. I hadn't thought of the Elliot Wave tie in - I always vaguely related WW to harmonic patterns.
What do you make of Bill Wolf's PDF? It almost seems like a copy of someone's lessons complete with post-it notes. It took me a while to figure out that the description under each chart actually referred to a chart on the next page - then it made sense.
  • #193
  • Edited 2:12am Mar 26, 2016 1:18am | Edited 2:12am
Quoting wizlon32
{quote} After viewing these videos I had another look at a couple of charts that I posted above. Here is another pattern on EurJpy Monthly. {image}
Hey Wizlon,
This is the top of the wave you just posted - for another 4,000 or so pips. I know it is one of my coyote or PK waves (horizontal), but it looks nice.
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Maybe I shouldn't be posting non conforming waves - it may confuse people.
  • #194
  • Mar 26, 2016 1:44am Mar 26, 2016 1:44am
From the Bill Wolfe PDF, I do like the idea of being prepared to take profit at the horizontal from point 4. This chart shows the advantage, where price stopped at that point and did not continue to the target.
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  • #195
  • Mar 26, 2016 8:51am Mar 26, 2016 8:51am
Quoting profitkeeper
From the Bill Wolfe PDF, I do like the idea of being prepared to take profit at the horizontal from point 4. This chart shows the advantage, where price stopped at that point and did not continue to the target.{image}
I think a good strategy would be to scale out. Take partial profit as in the chart above this post (if price looks like reversing). Take more profit at the 1 - 4 extension as originally intended in WW set ups and then just leave the rest to run and see what happens. For me I think this is the only way I could stay in a trade long enough to make 8000 pips or more.

Personally I don't think it matters if some patterns do not conform perfectly. As we have already seen in this thread even the less than perfect patterns can still generate good profit and that's why we are all in this game. As long as it is made clear that they are "coyote" or "PK" patterns then hopefully people will not get confused.
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  • #196
  • Mar 28, 2016 4:41am Mar 28, 2016 4:41am
GbpJpy H4. Obviously not the ideal entry according to the pattern- I took this one last night on the break of the wedge.

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  • #197
  • Mar 28, 2016 10:09am Mar 28, 2016 10:09am
Quoting wizlon32
GbpJpy H4. Obviously not the ideal entry according to the pattern- I took this one last night on the break of the wedge. {image}
TP Hit.

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  • #198
  • Mar 28, 2016 1:48pm Mar 28, 2016 1:48pm
Quoting wizlon32
{quote} TP Hit. {image}
Nice one wizlon. It's still going.
  • #199
  • Mar 28, 2016 7:04pm Mar 28, 2016 7:04pm
Gold WW

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  • #200
  • Mar 29, 2016 12:01am Mar 29, 2016 12:01am
Quoting dan zanger
Gold WW {image}
Nice call Dan,
It's already at the point 4 horizontal. I've got to start looking more closely. I completely would have missed this one if you hadn't posted.
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