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A new look at Wolf Waves

  • #321
  • Edited 2:05pm Apr 26, 2016 1:52pm | Edited 2:05pm
Am I the only one trading WWs?
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  • #322
  • Apr 26, 2016 2:57pm Apr 26, 2016 2:57pm
Quoting ChicagoRob
Am I the only one trading WWs? {image}
Looks terrific CR.
I'm sure there are others trading. I haven't found any WW that are too promising lately in forex, but I have traded a couple in stocks including CTRP (mentioned earlier) which is now up 5.27%. I can't really post my graph like yours, because I trade 3 different systems in forex over 2 accounts. Maybe I'll dedicate a third account to WW.
Again, I am impressed with your results. A profit factor of 5.96 is outstanding. Thanks for posting.
  • #323
  • Apr 26, 2016 3:24pm Apr 26, 2016 3:24pm
Quoting profitkeeper
{quote} Looks terrific CR. I'm sure there are others trading. I haven't found any WW that are too promising lately in forex, but I have traded a couple in stocks including CTRP (mentioned earlier) which is now up 5.27%. I can't really post my graph like yours, because I trade 3 different systems in forex over 2 accounts. Maybe I'll dedicate a third account to WW. Again, I am impressed with your results. A profit factor of 5.96 is outstanding. Thanks for posting.
Thanks for the kind words. I do my best to pick trades with the best potential and to keep my losses at a minimum.
  • #324
  • Apr 26, 2016 6:49pm Apr 26, 2016 6:49pm
Hi Chicago Rob,

Trading here too - have been having some good fun with the 15 min TF while waiting for 4 hour signals - here are my stats to date. I am using an indicator for signals as it has an alert that gets my attention so I am not sitting watching waiting all the time.

Cheers!
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  • #325
  • Apr 26, 2016 7:57pm Apr 26, 2016 7:57pm
Quoting marlaust
Hi Chicago Rob, Trading here too - have been having some good fun with the 15 min TF while waiting for 4 hour signals - here are my stats to date. I am using an indicator for signals as it has an alert that gets my attention so I am not sitting watching waiting all the time. Cheers!{image}
Only 2 losses out of 45 trades and a profit factor of 13.38!!!
I don't think I have seen that before. Are they all WW trades?
  • #326
  • Apr 26, 2016 8:58pm Apr 26, 2016 8:58pm
Yes they are -

Beginners luck maybe, I had not used waves before, searched & found an idicator for them with an alert - these are mostly through the Asian and early Euro & UK sessions, being in Australia I am not in front of charts during the more volatile hours.
  • #327
  • Apr 27, 2016 4:20am Apr 27, 2016 4:20am
Mine now
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  • #328
  • Apr 27, 2016 5:53am Apr 27, 2016 5:53am
Quoting marlaust
Hi Chicago Rob, Trading here too - have been having some good fun with the 15 min TF while waiting for 4 hour signals - here are my stats to date. I am using an indicator for signals as it has an alert that gets my attention so I am not sitting watching waiting all the time. Cheers!{image}
That's my girl from "down under." She knows how to walk-the-walk.
  • #329
  • Apr 27, 2016 3:42pm Apr 27, 2016 3:42pm
Quoting wolexbrain
Mine now {image} {image} {image}
Welcome wolexbrain.
Thanks for posting. It looks like your M1 trade went for about 13 pips then reversed on you. Keep up the contributions.
  • #330
  • Apr 27, 2016 4:31pm Apr 27, 2016 4:31pm
Quoting profitkeeper
{quote} Welcome wolexbrain. Thanks for posting. It looks like your M1 trade went for about 13 pips then reversed on you. Keep up the contributions.
Are you saying i would have taken the 13pips.

What lesson can i learn from this
  • #331
  • Apr 27, 2016 11:46pm Apr 27, 2016 11:46pm
Quoting wolexbrain
{quote} Are you saying i would have taken the 13pips. What lesson can i learn from this
No, you did everything right. As you realize, point 5 was a bit questionable. It's more difficult on a 1 minute chart IMHO. You don't have time to think about whether trend is reversing. I would have probably closed the trade at break even if I was watching it at that time - if not, I would have taken a loss. It happens.
  • #332
  • Apr 28, 2016 1:53am Apr 28, 2016 1:53am
Yesterday Trade 1 Loss 1 Profit:
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  • #333
  • Apr 28, 2016 2:38am Apr 28, 2016 2:38am
Today trade:
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  • #334
  • Apr 28, 2016 5:39am Apr 28, 2016 5:39am
Quoting JackAntigua
​One to keep an eye on perhaps although stochs are only just heading into oversold. I've marked where the stop based on 2 x ATR would go. {image}
​Well I'm glad I didn't do this one as the 2 x ATR stop would now have been hit. Waiting for stochastics to exit oversold would not have worked either of course as price was then butting up to the underside of the 1 to 5 line which was acting as resistance and it never took out the high of that bar anyway.
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  • #335
  • Edited 7:08pm Apr 29, 2016 3:52pm | Edited 7:08pm
Quoting profitkeeper
Sometimes Wolfe Waves will keep you out of a bad trade. I was bored and looked at a well known signal service for stocks. They recommended a buy (at the red arrow). I pulled up the chart and what did I see: Yes a Wolfe Wave! If the Wave fails they may be right - but I vote for WW.{image}
For anyone who doubts the effectiveness of Wolfe Waves, take a look at this. The stock trade was called in the post quoted, and is now up by 9.3% (a few cents shy of the profit target). I have exited now, but it could keep going.
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We have shown numerous examples of live trades in fx with WW.
  • #336
  • May 2, 2016 3:30am May 2, 2016 3:30am
https://www.tradingview.com/chart/GB...t-Rule-Target/
Indentify > Plan > Accept > Execute
  • #337
  • May 2, 2016 5:31am May 2, 2016 5:31am
Quoting profitkeeper
{quote} For anyone who doubts the effectiveness of Wolfe Waves, take a look at this. The stock trade was called in the post quoted, and is now up by 9.3% (a few cents shy of the profit target). I have exited now, but it could keep going.{image} We have shown numerous examples of live trades in fx with WW.
Picture perfect.
  • #338
  • May 2, 2016 7:34am May 2, 2016 7:34am
Another view of GbpUsd H4

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Indentify > Plan > Accept > Execute
  • #339
  • May 2, 2016 12:45pm May 2, 2016 12:45pm
Quoting wizlon32
https://www.tradingview.com/chart/GB...t-Rule-Target/
That's a new one on me.
Geo offset rule?
  • #340
  • May 2, 2016 1:04pm May 2, 2016 1:04pm
Hi

What about this one?

If today closes below 1-5 line, would you enter?

Best Regards

masilva

PS. Forget the red lines

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