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A new look at Wolf Waves

  • #441
  • Jun 29, 2016 1:45pm Jun 29, 2016 1:45pm
Quoting diamonddbw
OK, out of the lab, for the moment. Just saw this in EurAud M15. To me, it looks valid. Weigh in if you have any comments... Please. The Red vertical, arrow, and circles may be the textbook target areas. Comments on this, please, as well. {image}
Looks good to me, also.
  • #442
  • Jun 29, 2016 2:54pm Jun 29, 2016 2:54pm
Is it OK?
Attached Image
  • #443
  • Jun 29, 2016 3:56pm Jun 29, 2016 3:56pm
Quoting gulaksarker
Is it OK?{image}
Not okay in my opinion. Point 3 should never be broken when you draw it, but i'm no expert.
  • #444
  • Jun 29, 2016 8:53pm Jun 29, 2016 8:53pm
What about this one?
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  • #445
  • Edited Jun 30, 2016 1:41am Jun 29, 2016 9:01pm | Edited Jun 30, 2016 1:41am
Please let me know if I am on right track
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  • #446
  • Jun 29, 2016 9:12pm Jun 29, 2016 9:12pm
May be forming point 5....
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  • #447
  • Jun 30, 2016 12:29am Jun 30, 2016 12:29am
Quoting gulaksarker
Please let me know if I am on right train{image}
Welcome gulaksarker.
You are on the right track.
I would only suggest that you be more precise with your lines.
Point 1 on the NZD should be at a high. If you did that, it would change the whole formation. It still may work, but not very clean.
As shown below:
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Click to Enlarge Name: wolf waves053.png Size: 86 KB

The Body is correct in his comment on your previous post.
  • #448
  • Jun 30, 2016 6:16am Jun 30, 2016 6:16am
Is this a correct Wolf Wave trade?

Greetings,

TheJube.
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  • #449
  • Jun 30, 2016 9:33am Jun 30, 2016 9:33am
Quoting TheJube
Is this a correct Wolf Wave trade? Greetings, TheJube. {image}
++++++++++++++++++++++++++++++++

imho, this set is the 'ugly step child' of a Wolfe Wave.. LOL

What I'm seeing is perhaps, fudging on #3 point, by not taking the absolute top. Same thing with choice of #2, which (imho) should have been the previous swing, which is lower than the one marked. #2, for my interpretation, should be more clearly defined, instead of a large range extending for over a week.

But then again, I'm just a student like yourself...
  • #450
  • Jun 30, 2016 9:36am Jun 30, 2016 9:36am
I do have the ChfJpy, M15, on my radar. Still quite early, but have identified a potential #2, which then allows me to search for #1, and then, potential #3 MAY be setting up.
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  • #451
  • Jun 30, 2016 9:47am Jun 30, 2016 9:47am
In yesterday's EurAud, M15 trade, I did end up breaking even after a very late entry.

The Yellow dashed lines, highlight 1st trade.
The Aqua solid lines are for follow-up trade.

What this chart shows is a new WW setting up During my existing trade. I failed to see it, so only ended up going to BE. It was possible to make money going both ways, by leaving the 1st trade after seeing #5 form on 2nd trade, which would have given me 25. Or, I could have taken profit closer to Yellow Horizontal line for a slightly larger profit.

Meanwhile, the 2nd trade did not hit optimum target, there was opportunities to trail, and perhaps, take profit once price hit Trade two's #4 horizontal.
Attached Image (click to enlarge)
Click to Enlarge Name: EurAud M15 Change 6-29.png Size: 75 KB
  • #452
  • Jun 30, 2016 10:05am Jun 30, 2016 10:05am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ imho, this set is the 'ugly step child' of a Wolfe Wave.. LOL What I'm seeing is perhaps, fudging on #3 point, by not taking the absolute top. Same thing with choice of #2, which (imho) should have been the previous swing, which is lower than the one marked. #2, for my interpretation, should be more clearly defined, instead of a large range extending for over a week. But then again, I'm just a student like yourself...
Hahahahaha LOL XD. And this one? Is this our Wolf Wafe Step sisters' half-brother? Anyways TP hit
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  • #453
  • Jun 30, 2016 10:48am Jun 30, 2016 10:48am
Quoting TheJube
{quote} Hahahahaha LOL XD. And this one? Is this our Wolf Wafe Step sisters' half-brother? Anyways TP hit {image}
++++++++++++++++++++++++++++++++

I like it. The more I go thru the .doc in 1st post, the less specific this seems.
  • #454
  • Jun 30, 2016 7:17pm Jun 30, 2016 7:17pm
Took this nice one on EURAUD 4h.

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Lots of potential up.
  • #455
  • Jun 30, 2016 7:26pm Jun 30, 2016 7:26pm
Quoting gulaksarker
Please let me know if I am on right track{image}
I think your point 4 needs to be at the swing low.

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And pardon my poor Paint skills!
  • #456
  • Jun 30, 2016 7:39pm Jun 30, 2016 7:39pm
Quoting diamonddbw
In yesterday's EurAud, M15 trade, I did end up breaking even after a very late entry. The Yellow dashed lines, highlight 1st trade. The Aqua solid lines are for follow-up trade. What this chart shows is a new WW setting up During my existing trade. I failed to see it, so only ended up going to BE. It was possible to make money going both ways, by leaving the 1st trade after seeing #5 form on 2nd trade, which would have given me 25. Or, I could have taken profit closer to Yellow Horizontal line for a slightly larger profit. Meanwhile, the 2nd trade...
My advice is always try to take some profit(half) at the horisontal 4 line, and let the rest run at break even +1 untill u get stopped out or hit the 1-4 upwards line.

My tip about the horisontal 4 line : take profit when it has reached 89% of the highest point, nothing more frustrating to see price return down just before reaching it.
  • #457
  • Jul 1, 2016 2:58am Jul 1, 2016 2:58am
Quoting TheBody
Took this nice one on EURAUD 4h. {image} Lots of potential up.
My view.​
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Click to Enlarge Name: 01 Jul 2016 - EURAUD 240 min Wolfe Wave.PNG Size: 238 KB
  • #458
  • Jul 1, 2016 4:36am Jul 1, 2016 4:36am
Quoting JackAntigua
{quote} My view.​ {image}
Thanks for your view and reply Jack.

Can you point me to where i can read more about the time-elapse of the wolf waves?
I can't recall reading about it.

-Thebody-
  • #459
  • Jul 1, 2016 5:40am Jul 1, 2016 5:40am
Quoting TheBody
{quote} Thanks for your view and reply Jack. Can you point me to where i can read more about the time-elapse of the wolf waves? I can't recall reading about it. -Thebody-
​Hiya,

It's not something I've particularly read about, it just seems logical to me that you don't want price to spend a lot of time below point 5, and particularly below the parallel of 2 to 4 projected from point 3.

I'm attaching an excerpt from the Wolfe Waves Full Explanation document in which he talks a bit about the 2 to 4 line. The full document is also attached.
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Click to Enlarge Name: Wolfe Waves Excerpt.PNG Size: 420 KB
Attached File(s)
File Type: pdf wolfe-waves-full-explanation.pdf   2.6 MB | 1,849 downloads
  • #460
  • Jul 1, 2016 7:49am Jul 1, 2016 7:49am
What do you think with this entry? Remember it's a demo account.
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