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Wolfe Waves - Get in the Zone

  • #41
  • Mar 4, 2017 5:28am Mar 4, 2017 5:28am
Quoting frx_trader
{quote} I ask the question.
If you want to be profitable with these patterns you need to map it out and read the first post in order to understand how they work. The pattern you uploaded is not a valid one as the 1-3 trendline doesn't touch the tip of point 3.
  • #42
  • Mar 4, 2017 6:16am Mar 4, 2017 6:16am
Hello, I am new member in this forum. This my new contribution.
EURJPY daily chart.

Attached Image (click to enlarge)
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  • #43
  • Mar 4, 2017 6:48am Mar 4, 2017 6:48am
Quoting sailingboat
Hello, I am a new member in this forum. This my first contribution. EURJPY daily chart. {image}
It is a good setup, unfortunately price didn't quite reach the "sweet zone" and by that we didn't get an entry. The sweet zone is where I have marked the green square on my chart. It is the area where the fibonacci extension, 2-4 trendline and ABCD pattern come together.

Still, nice work, and welcome to the forum!
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  • #44
  • Mar 4, 2017 6:50am Mar 4, 2017 6:50am
Nice setup for the week to come: GBPAUD 60:
Attached Image (click to enlarge)
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  • #45
  • Mar 4, 2017 7:24am Mar 4, 2017 7:24am
Expo33,

Do you ever trade the A,B,C,or D leg of the Wolf Wave?
  • #46
  • Mar 4, 2017 7:31am Mar 4, 2017 7:31am
Expo33, congratulate. Excellent subject! I will study, it hope to turn out!
To learn how to swim , you first need to enter the water!
  • #47
  • Mar 4, 2017 7:39am Mar 4, 2017 7:39am
USDJPY daily chart

Price hits EPA

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  • #48
  • Mar 4, 2017 7:56am Mar 4, 2017 7:56am
EURGBP, daily chart



Attached Image (click to enlarge)
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  • #49
  • Mar 4, 2017 8:17am Mar 4, 2017 8:17am
Hello Krossaren96. In your message 11 there is an indicator a red green square. It is possible to receive the reference to downloading? I thank.
To learn how to swim , you first need to enter the water!
  • #50
  • Mar 4, 2017 8:21am Mar 4, 2017 8:21am
Quoting wayfarer
Hello Krossaren96. In your message 11 there is an indicator a red green square. It is possible to receive the reference to downloading? I thank.
Hi Wayfarer. That is not an indicator, it is just a drawingtool that is available at tradingview.com. It's basically just 2 squares (one red and one green) that makes you visualize the stop and tp ratio.
  • #51
  • Mar 4, 2017 9:17am Mar 4, 2017 9:17am
Hallo Krossaren96
Thanks. You are right, the wave didn’t make a sweet zone. On the next two charts which I sent, the sweet zones are clear.
  • #52
  • Mar 4, 2017 9:48am Mar 4, 2017 9:48am
CHFJPY daily chart,
Price entered the sweet zone but not further upto the line.

Attached Image (click to enlarge)
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  • #53
  • Mar 4, 2017 10:07am Mar 4, 2017 10:07am
[Цитата = Krossaren96; 9626548] {цитата} Привет путник. Это не показатель, это просто drawingtool, который доступен на tradingview.com. Это в основном только 2 квадратов (один красный и один зеленый), что заставляет вас визуализировать соотношение стоп и т.п. [/ Цитата]
Thanks, I will look. I esteem.
To learn how to swim , you first need to enter the water!
  • #54
  • Mar 4, 2017 10:46am Mar 4, 2017 10:46am
Quoting Jack168
It seems WW is used to expect a reversal bid. A lot of price patterns, wave patterns are used for reversal trade. What is successful rate for WW set up? Is this WW a similar to 3 drive pattern?
Hi Jack.

I couldn't really give you a success rate as that really depends on the person and their ability to find the best set ups. What I can say is that the WW strategy gives the "edge" that we need to be successful in this business.

The 3 drive pattern is a different animal in my opinion mainly because their are no trend line breaks. It's more like trading channels. The WW pattern theory is based on the fact that the "physics" of the wave is out of balance at the trend line break and that their will be an equal an opposite reaction to re-balance the larger wave or system if you will.
Pride always comes before destruction.... -Proverbs 16:18
  • #55
  • Mar 4, 2017 10:54am Mar 4, 2017 10:54am
Quoting biganc
Expo33, Do you ever trade the A,B,C,or D leg of the Wolf Wave?
No I don't. I always wait until D
Pride always comes before destruction.... -Proverbs 16:18
  • #56
  • Mar 4, 2017 10:59am Mar 4, 2017 10:59am
Quoting sailingboat
EURGBP, daily chart {image}
This is a great trade and one that I made as well.

One thing I will mention. I haven't taken Bill Wolfe's course but when I read his basic pdf overview, he states that he doesn't always use the "estimated time of arrival". And that makes sense because many of the waves have very flat angles so the convergence point could be 3 months away. Still, it is a nice spot to have marked out

Thanks for your charts, looking good, keep up the good work!
Pride always comes before destruction.... -Proverbs 16:18
  • #57
  • Mar 4, 2017 11:14am Mar 4, 2017 11:14am
Quoting heispark
PZ Wolfwave {file} https://youtu.be/cGxuiq3-hfU
Thanks for posting. Busy day ahead for me. I will definitely check these out later tonight. I am always interested in other points of view
Pride always comes before destruction.... -Proverbs 16:18
  • #58
  • Mar 4, 2017 11:43am Mar 4, 2017 11:43am
Great Thread! Subscribed! Thanks Expo33
  • #59
  • Mar 4, 2017 1:58pm Mar 4, 2017 1:58pm
Quoting sailingboat
CHFJPY daily chart, Price entered the sweet zone but not further upto the line. {image}
I see the sweet zone you have drawn and it looks good but price didn't quite reach it. If it had we would have gotten an entry. Good job!
  • #60
  • Edited 2:49pm Mar 4, 2017 2:06pm | Edited 2:49pm
Quoting Expo33
{quote} This is a great trade and one that I made as well. One thing I will mention. I haven't taken Bill Wolfe's course but when I read his basic pdf overview, he states that he doesn't always use the "estimated time of arrival". And that makes sense because many of the waves have very flat angles so the convergence point could be 3 months away. Still, it is a nice spot to have marked out Thanks for your charts, looking good, keep up the good work!


Thanks. I have seen some flat waves from historical charts. I am new trader and have problem to spot them in real chart. Even I am not sure how to put my target in these situations. At a moment, I am exercising my eyes to spot wolf waves with triangular shapes in real forex market. My knowledge regarding Wolf-Wave is a peanut. Just I have read the 46-page PDF document. This what I could find to read in the internet unfortunately. I am pretty surprise why this trading method hat less attention by experienced traders, even wolf doesn’t write any textbook for the novice traders. Thus far, this forum is the only forum I have discovered in internet, that is what I joined you to learn more.
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