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Wolf Wave indicator 59 replies

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A new look at Wolf Waves

  • #521
  • Jan 29, 2017 7:24am Jan 29, 2017 7:24am
Hello guys and thanks for your posts.

Does anyone know a good book about wolf waves ?
LDFX Trading Ltd
  • #522
  • Jan 29, 2017 7:33am Jan 29, 2017 7:33am
Quoting RobinHoodPLT
I often over look that Wolf Waves make great exits too, wish I had more contracts on this one, normally I do, and I could have got out some on these. I was heavily short biased but expecting some pullbacks just didn't think they would get much further than the 1-4 line. Seems like the thread activity has died down some, I feel like the only guy posting lol. Profitseeker or wizlon still around? Thinking I might focus more on a blog or youtube channel or something like that to log my thoughts/trades and help keep me accountable. Anyways, hope you...

Hello Robin and thanks for your posts,

anyway your 2 last examples are not wolf waves, they are waves of course and turned out well and may even be a pattern but definitely not wolf wave pattern because of the fourth point that is not within the 2/3 range.
LDFX Trading Ltd
  • #523
  • Jan 30, 2017 6:13am Jan 30, 2017 6:13am
Anyone trading this and making money?
Vucking good EA coder... https://t.ly/AZjRM
  • #524
  • Feb 1, 2017 2:27pm Feb 1, 2017 2:27pm
Quoting reteid2222
Anyone trading this and making money?
Yes.

Wolfe waves make up about 80% of my trades.

Here is the latest trade on oil. Volume surge on rejection, divergence, within my projected fib range. Simply sexy and delicious. 30 pips in the green SL moved to BE.

Best trading to you, cheers.
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Pride always comes before destruction.... -Proverbs 16:18
  • #525
  • Feb 3, 2017 7:39am Feb 3, 2017 7:39am
Quoting reteid2222
Anyone trading this and making money?

Yes I am, I do trade only chart pattern and wolf wave is one of them.
LDFX Trading Ltd
  • #526
  • Feb 3, 2017 8:37am Feb 3, 2017 8:37am
Quoting Expo33
{quote} Yes. Wolfe waves make up about 80% of my trades. Here is the latest trade on oil. Volume surge on rejection, divergence, within my projected fib range. Simply sexy and delicious. 30 pips in the green SL moved to BE. Best trading to you, cheers. {image}
Hi dude,

what makes up the remaining 20% of your trades if you don't mind me asking ?
LDFX Trading Ltd
  • #527
  • Feb 4, 2017 12:31am Feb 4, 2017 12:31am
Quoting LDFX
{quote} Hi dude, what makes up the remaining 20% of your trades if you don't mind me asking ?
Mostly contrarian trades based on price action around areas of confluence.
Pride always comes before destruction.... -Proverbs 16:18
  • #528
  • Feb 4, 2017 2:28pm Feb 4, 2017 2:28pm
Quoting Expo33
{quote} Yes. Wolfe waves make up about 80% of my trades. Here is the latest trade on oil. Volume surge on rejection, divergence, within my projected fib range. Simply sexy and delicious. 30 pips in the green SL moved to BE. Best trading to you, cheers. {image}
Thanx 2 u both....cause I am studying I am not interested in trading but in doing it automated!
The lack of time I can compensate in a high leverage = knowledge in programming....
So if anyone of the trader can create rules for his/her trading(I know sounds easy but many failed believe me!)....we do the ea job....

After this....it will be like:
Attached Image
Vucking good EA coder... https://t.ly/AZjRM
  • #529
  • Feb 5, 2017 4:25pm Feb 5, 2017 4:25pm
Quoting fx_geezer
{quote} Hey Robinhood, interesting looking charts! May I ask what indicator is the one at the bottom of your chart? And please can you post it? Cheers!
Hey fx_geezer,

Been a while since I visited the thread. That indicator is not really a true indicator it is simply a market internal called the TICK. Measures all stocks trading on an uptick - all stocks trading on down tick. I find it very useful for trading the indices, and another good way to guage momentum.

Hope that helps, not sure if there is something similar if you trade a market that is not correlated to ES.
  • #530
  • Feb 5, 2017 4:38pm Feb 5, 2017 4:38pm
Quoting LDFX
{quote} Hello Robin and thanks for your posts, anyway your 2 last examples are not wolf waves, they are waves of course and turned out well and may even be a pattern but definitely not wolf wave pattern because of the fourth point that is not within the 2/3 range.
Hey thanks LDFX, I'm not Wolfe student, and I think I see your point, although I think you actually meant 4 did not pull into the 1/2 range right?

I really like the Wolfe Wave idea, I think of it more like an ending diagonal, but even there I'm not sure that would fit under Elliot Wave rules. To me it's more about the psychology of what's playing out which is traders either getting themselves too long or too short, and often against the trend of the Higher time frame. So some of my patterns may not follow the exact rigid rules but I will still trade them if I feel the underlying psychology is there.

Glad to see you and other's reviving the thread. It's a great pattern or concept to trade with and I still use it in my trading all the time.

As for books on Wolf Waves, I'd be interested too if anyone knows. Have you tried reading the sections on ending diagonals from the more popular Elliot Wave books?
  • #531
  • Feb 8, 2017 10:05am Feb 8, 2017 10:05am
Quoting Expo33
{quote} Mostly contrarian trades based on price action around areas of confluence.

Like Wolf Waves..., what patterns are you looking for ?
LDFX Trading Ltd
  • #532
  • Feb 8, 2017 10:16am Feb 8, 2017 10:16am
Quoting RobinHoodPLT
{quote} Hey thanks LDFX, I'm not Wolfe student, and I think I see your point, although I think you actually meant 4 did not pull into the 1/2 range right? I really like the Wolfe Wave idea, I think of it more like an ending diagonal, but even there I'm not sure that would fit under Elliot Wave rules. To me it's more about the psychology of what's playing out which is traders either getting themselves too long or too short, and often against the trend of the Higher time frame. So some of my patterns may not follow the exact rigid rules but I will...

Oh yes, so sorry, how could I make this mistake, believe me I am trading Wolfe waves every day.

you are right, I meant the range 1/2, for it to be a wedge and a sign of losing momentum.

Yes I do know the ending diagonals of Elliot waves, actually what I think make the wolf wave a powerful pattern is because of 2 things, selling at a top (buying at a bottom) and a confluence of patterns when a wolf wave unfold.

Also it is a dangerous pattern if not managed properly because of his counter trend nature.
LDFX Trading Ltd
  • #533
  • Feb 8, 2017 10:23am Feb 8, 2017 10:23am
Quoting LDFX
{quote} Like Wolf Waves..., what patterns are you looking for ?
Here is an example of what I am looking for.

Three layers of fibonacci confluence around an area that has served as both support and resistance.

If you look at the 5 minute time frame you can see momentum is waning. On these type of trades I am looking for a 15-20 pip bounce so I can move my SL to BE. Usually I will take half of my position off at that point and let the rest free roll to a specific TP
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Pride always comes before destruction.... -Proverbs 16:18
  • #534
  • Feb 8, 2017 10:57am Feb 8, 2017 10:57am
Quoting Expo33
{quote} Here is an example of what I am looking for. Three layers of fibonacci confluence around an area that has served as both support and resistance. If you look at the 5 minute time frame you can see momentum is waning. On these type of trades I am looking for a 15-20 pip bounce so I can move my SL to BE. Usually I will take half of my position off at that point and let the rest free roll to a specific TP {image}

I see, thanks for your answer, in my case wolf waves are more like 20% of my trading, then mostly M/W pattern and rarely 5-0/ 4th Elliot wave pattern.
LDFX Trading Ltd
  • #535
  • Feb 8, 2017 1:44pm Feb 8, 2017 1:44pm
Quoting LDFX
{quote} I see, thanks for your answer, in my case wolf waves are more like 20% of my trading, then mostly M/W pattern and rarely 5-0/ 4th Elliot wave pattern.
You're welcome.

Got a nice 30 pip bounce and out. RBNZ in 15 minutes, best to book the pips
Pride always comes before destruction.... -Proverbs 16:18
  • #536
  • Mar 1, 2017 12:10pm Mar 1, 2017 12:10pm
Quoting profitkeeper
Not too many waves posted lately, so I thought I'd post this one that triggered in the NY session yesterday{image} There was a couple of spots you could have entered, but generally I like to enter on a close below the 1 - 3 line (for upward wedge). Price didn't quite make it to the traditional profit target, but hit two of the alternate targets: 1. horizontal line from point 4 2. 62% fib of the whole pattern.
Hey mate!
Are you still trading these setups? Do you use any confluence when trading such as other trendlines, s/r zones, fibs etc for justifying an entry?

Take care,
Krossaren
  • #537
  • Mar 1, 2017 5:40pm Mar 1, 2017 5:40pm
I guess the thread is still alive.
I know there are some people (including myself) who are still trading WW, but most also trade other methods as well. When I spot one, I trade it. You basically look for wedge shapes and see if a WW fits. If it does, the success rate is very high.
Here is one from this morning.
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I would like to have point 5 drop below line 1-3, but this is OK
Notice the divergence on TDI. Yes confirmation is always nice.
  • #538
  • Mar 1, 2017 5:47pm Mar 1, 2017 5:47pm
Quoting profitkeeper
I guess the thread is still alive. I know there are some people (including myself) who are still trading WW, but most also trade other methods as well. When I spot one, I trade it. You basically look for wedge shapes and see if a WW fits. If it does, the success rate is very high. Here is one from this morning. {image} I would like to have point 5 drop below line 1-3, but this is OK Notice the divergence on TDI. Yes confirmation is always nice.

Yes I am very interested, but don't you want any other confluence at all? They are profitable on their own? Had a failed one this afternoon, 15 min EJ... The 5 is a bit too high, but still gave it a go. Went green and then hit sl I also had divergence.

Would love to see this thread revived!
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  • #539
  • Mar 1, 2017 6:39pm Mar 1, 2017 6:39pm
Quoting Krossaren96
{quote} Yes I am very interested, but don't you want any other confluence at all? They are profitable on their own? Had a failed one this afternoon, 15 min EJ... The 5 is a bit too high, but still gave it a go. Went green and then hit sl I also had divergence. Would love to see this thread revived! {image}
It happens.
The only thing That is questionable on this pattern is the double bump on point 2 and yes, point 5 was a bit high.
To answer your question. If it is a perfect pattern, then I don't need confirmation. In this case, I would just put it down to a failed imperfect pattern. If any pattern (not just WW) fails, there is an opinion out there that says that immediately trading the failure (reversing) can be quite profitable (in this case about 34pips).
  • #540
  • Mar 1, 2017 7:05pm Mar 1, 2017 7:05pm
Im always looking out for Wolfe Waves, if you get them right its a good R/R. Heres 1 I've been watching the last couple days.
its getting chopped around now. Trump factor!

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