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A new look at Wolf Waves

  • #201
  • Mar 29, 2016 7:23am Mar 29, 2016 7:23am
Brent H4.

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  • #202
  • Mar 29, 2016 1:54pm Mar 29, 2016 1:54pm
I wish I had been looking for these patterns weeks ago. Here is US Oil Weekly.

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  • #203
  • Mar 29, 2016 2:18pm Mar 29, 2016 2:18pm
US Oil H4

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  • #204
  • Mar 30, 2016 7:57am Mar 30, 2016 7:57am
Quoting wizlon32
Here is UsdChf Weekly. Hopefully it will keep dropping to form point 5. {image}
USDCHF Daily.

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  • #205
  • Mar 30, 2016 8:28pm Mar 30, 2016 8:28pm
Updates
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  • #206
  • Mar 30, 2016 10:51pm Mar 30, 2016 10:51pm
Quoting umpats
Updates {image}{image}{image}{image}
Hi umpats,
3 out of 4 is great. I'm a little confused with your charts. Maybe use light colored lines to outline the wedge shape, or indicate where the count started (it should start from the top on an up sloping pattern).
Thanks for posting.
  • #207
  • Mar 30, 2016 11:48pm Mar 30, 2016 11:48pm
Hi Profitkeeper,

Thanks for the reply.

But out of 4 , first 2 are loss , i dont know why ? you have any suggestion.

i only trade in Euro session.
  • #208
  • Mar 31, 2016 2:35am Mar 31, 2016 2:35am
Today trade
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  • #209
  • Mar 31, 2016 2:59am Mar 31, 2016 2:59am
Hello Umpats,

As profitkeeper has already said it is quite difficult to make the patterns out on your charts. It would be easier if you strip away your indicators and post the patterns with the 3 lines highlighting the pattern. That way it would be easier to give you feedback or jump in on trades with you.
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  • #210
  • Mar 31, 2016 7:32pm Mar 31, 2016 7:32pm
Thanks Wizlon32.

Attached with clear line and number . please advise why it is going opposite.
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  • #211
  • Mar 31, 2016 10:52pm Mar 31, 2016 10:52pm
an example for me wenn i am searching WW
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donīt follow me,you will loose your moneyy
  • #212
  • Apr 1, 2016 12:13am Apr 1, 2016 12:13am
Quoting umpats
Thanks Wizlon32. Attached with clear line and number . please advise why it is going opposite. {image}{image}
Ok Umpats, that is much clearer and I can see where you are going wrong.

If the wedge that you identify is sloping upwards then Point 1 must be at the upper TL. If it is sloping downwards then point 1 should be at the lower TL.

Also in a rising wedge point 3 and 5 should always be higher than point 1. Or lower than point 1 in a falling wedge.

Point 4 should always higher than point 1 in a falling wedge or lower than point 1 if the wedge is rising.

I recommend that you pick one of the examples that has been posted in this thread and find it on your charts. Practice drawing your lines on it and then look for more patterns. Look for patterns that have already completed until you fully understand and then look for patterns in the making.

Hope that helps.
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  • #213
  • Apr 1, 2016 12:21am Apr 1, 2016 12:21am
Hi Wizlon32,
thanks for the explanation, let me check.
  • #214
  • Apr 1, 2016 12:40am Apr 1, 2016 12:40am
Quoting teatime
an example for me wenn i am searching WW {image}
Welcome teatime.
I hope you will post any WW that you find. Don't worry if they are not perfect if you don't mind helpful suggestions.
  • #215
  • Apr 1, 2016 12:44am Apr 1, 2016 12:44am
Quoting wizlon32
{quote} Ok Umpats, that is much clearer and I can see where you are going wrong. If the wedge that you identify is sloping upwards then Point 1 must be at the upper TL. If it is sloping downwards then point 1 should be at the lower TL. Also in a rising wedge point 3 and 5 should always be higher than point 1. Or lower than point 1 in a falling wedge. Point 4 should always higher than point 1 in a falling wedge or lower than point 1 if the wedge is rising. I recommend that you pick one of the examples that has been posted in this thread and find...
Thanks for the good explanation for umpats, wizlon.
I've been slacking off lately because the weather has turned great so I had to be outside. It's well after midnight now so I'll say good night.
  • #216
  • Apr 1, 2016 12:23pm Apr 1, 2016 12:23pm
Gold M5

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  • #217
  • Apr 2, 2016 8:31am Apr 2, 2016 8:31am
thanks for welcome ! i am newbie and ist not so easy for me to find a WW , but my eyes have to learn it
watchlist :
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  • #218
  • Apr 2, 2016 8:38am Apr 2, 2016 8:38am
GER 30 H 4
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  • #219
  • Apr 2, 2016 5:05pm Apr 2, 2016 5:05pm
Quoting teatime
thanks for welcome ! i am newbie and ist not so easy for me to find a WW , but my eyes have to learn it watchlist : {image}
Hi teatime,
You have the right idea; however both of the charts you posted are more or less horizontal patterns which are technically not wolfe Waves. I looked at these myself earlier and rejected them for this reason. The second chart actually looks to be slanting up slightly which means the count should start at the top. They still might work, although be very cautious. There doesn't seem to as many WW ocurring as when I started the thread. They seem to come in bunches on the higher time frames. I don't normally look for them below M30 charts.
Also see Wizlon's post above for point positions.
  • #220
  • Edited 11:25pm Apr 2, 2016 10:30pm | Edited 11:25pm
Here is a WW with an interruption between 1 &2. I don't know how it affects the validity. We will see.
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I will wait until after Sunday afternoon ( when spreads settle and direction is clear) before I decide on a late entry. I didn't see this until today.
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