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Wolfe Waves - Get in the Zone

  • #141
  • Mar 7, 2017 3:22am Mar 7, 2017 3:22am
Quoting Expo33
By the way for those of you using the news calendar in the template, it stopped working, so I'm looking for a new one and will update post #1 soon
News calendar and template updated now
Pride always comes before destruction.... -Proverbs 16:18
  • #142
  • Mar 7, 2017 3:25am Mar 7, 2017 3:25am
Quoting CrocodileRex
{quote} it's actually quite a nice setup. My original stoploss was 12 pips but i got impatient and got out at +11. Good luck guys for those who are still in.
Nice job, 11 pips is 11 pips
Pride always comes before destruction.... -Proverbs 16:18
  • #143
  • Mar 7, 2017 3:25am Mar 7, 2017 3:25am
Quoting Ockham
{quote} for my 1st attempt i decided to go out on C level +19.9, also forgot to draw the fibo which gives nice entry @1,168% as others mentioned already. Have to work on set up, MM and RR but seems promising {image}
Well played sir!

Quoting Ockham
{quote} this one always works great for me if you want to try, also add a trade level if someone is interesting. {file} {file}
Thank you.
Pride always comes before destruction.... -Proverbs 16:18
  • #144
  • Mar 7, 2017 3:32am Mar 7, 2017 3:32am
Quoting Expo33
{quote} Nice job, 11 pips is 11 pips
Thanks expo, will continue to post here if i found some nice setups.

What about your aud/cad trade? Looking good now. Mind to tell me your position management? EG where you enter or plan to exit.
  • #145
  • Mar 7, 2017 3:43am Mar 7, 2017 3:43am
Quoting CrocodileRex
{quote} Thanks expo, will continue to post here if i found some nice setups. What about your aud/cad trade? Looking good now. Mind to tell me your position management? EG where you enter or plan to exit.
You're welcome

I closed out half of my position at +25 and am letting the rest ride with SL moved to BE.
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #146
  • Mar 7, 2017 3:49am Mar 7, 2017 3:49am
Quoting Expo33
{quote} You're welcome I closed out half of my position at +25 and am letting the rest ride with SL moved to BE. {image}
that's nice. What was your original stoploss for this trade? Around 200 maybe? How many pips for stoploss? I saw you entered at 1.41. Did you wait for reversals or you just put a limit order there?
  • #147
  • Mar 7, 2017 3:53am Mar 7, 2017 3:53am
Quoting Expo33
{quote} You're welcome I closed out half of my position at +25 and am letting the rest ride with SL moved to BE. {image}
Nice one! Woke up too late to catch it :/
  • #148
  • Mar 7, 2017 4:01am Mar 7, 2017 4:01am
Just entered on this one, noticed it 1 minute ago and got in just in time to catch the beginning of the downmove (entered on the cross of TDI), sorry!
Attached Image (click to enlarge)
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  • #149
  • Mar 7, 2017 4:05am Mar 7, 2017 4:05am
UK100 setup:
Attached Image (click to enlarge)
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  • #150
  • Mar 7, 2017 4:11am Mar 7, 2017 4:11am
Quoting CrocodileRex
{quote} that's nice. What was your original stoploss for this trade? Around 200 maybe? How many pips for stoploss? I saw you entered at 1.41. Did you wait for reversals or you just put a limit order there?
Stop loss was a few pips above the 200, then moved down a few pips above the spike level after the trade was going in my favor.

Smaller time frames I almost never wait for the reversal candle. I entered right at the AB=CD 141FIB
Pride always comes before destruction.... -Proverbs 16:18
  • #151
  • Mar 7, 2017 4:14am Mar 7, 2017 4:14am
Quoting Krossaren96
{quote} Nice one! Woke up too late to catch it :/
Thanks brother.

That UJ trade was 24 pips green at level C and I didn't micro manage, now back in the red. Remember what we were talking about. Now I want to break my computer screen but I can't because my daughter is sleeping, lol

Point being I was at 2:1 at the 24 pip level so that should be enough. At least take half off and move SL to BE. Feels like a wasted set up now. Gotta be on your A game in this biz
Pride always comes before destruction.... -Proverbs 16:18
  • #152
  • Mar 7, 2017 4:16am Mar 7, 2017 4:16am
Quoting Expo33
{quote} Thanks brother. That UJ trade was 24 pips green at level C and I didn't micro manage, now back in the red. Remember what we were talking about. Now I want to break my computer screen but I can't because my daughter is sleeping, lol
Haha Yeah I know. I closed it at BE actually. I just feel that if we micromanage we won't get very much per trade mate! But you should really do what you feel is best for you, I might test it as well.

Did the USDCHF hit SL for you too?
  • #153
  • Mar 7, 2017 4:20am Mar 7, 2017 4:20am
Quoting Krossaren96
Just entered on this one, noticed it 1 minute ago and got in just in time to catch the beginning of the downmove (entered on the cross of TDI), sorry! {image}
Explosive pair, nice! Really moving now!
Pride always comes before destruction.... -Proverbs 16:18
  • #154
  • Mar 7, 2017 4:20am Mar 7, 2017 4:20am
For us who use TDI as entry, moving stoploss to BE at B is too soon, do you have other micromanaging levels that work good? Or we should only use the C and A?
  • #155
  • Mar 7, 2017 4:24am Mar 7, 2017 4:24am
Quoting Krossaren96
{quote} Haha Yeah I know. I closed it at BE actually. I just feel that if we micromanage we won't get very much per trade mate! But you should really do what you feel is best for you, I might test it as well. Did the USDCHF hit SL for you too?
Yes it did, same thing. I didn't take anything off the table as it was green but not that green yet. Still, for me if I'm green 10-15 pips on a smaller time frame, it is best to take some profit, move SL to BE.

Remember, smaller time frames, these aren't some monumental shift in fundamentals, just a re-balancing of the physics of price, for the lack of a better term
Pride always comes before destruction.... -Proverbs 16:18
  • #156
  • Mar 7, 2017 4:25am Mar 7, 2017 4:25am
GU H1

how about a reverse on 161.8% outside the sweet zone ?
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There is no way to happiness , happiness is the way.
  • #157
  • Mar 7, 2017 4:28am Mar 7, 2017 4:28am
Quoting Ockham
GU H1 how about a reverse on 161.8% outside the sweet zone ? {image}
On the image you posted there isn't really an X-leg. Remember that the X must be located on the lower trendline!
  • #158
  • Mar 7, 2017 4:29am Mar 7, 2017 4:29am
Quoting Krossaren96
For us who use TDI as entry, moving stoploss to BE at B is too soon, do you have other micromanaging levels that work good? Or we should only use the C and A?
I think that will vary from trader to trader. For me, a lot depends on the pair and the time frame. As an example, on that EUR/NZD trade point B is already about 30 pips whereas on less volatile pairs point B may only be 10 pips. Plus, the angle of the structure dictates how many pips each level will be
Pride always comes before destruction.... -Proverbs 16:18
  • #159
  • Mar 7, 2017 4:34am Mar 7, 2017 4:34am
Quoting Expo33
{quote} I think that will vary from trader to trader. For me, a lot depends on the pair and the time frame. As an example, on that EUR/NZD trade point B is already about 30 pips whereas on less volatile pairs point B may only be 10 pips. Plus, the angle of the structure dictates how many pips each level will be
I see, I will most likely just divide the area from X to entry in 3 equal parts and put some profit at each one of them, see picture (green lines)
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  • #160
  • Mar 7, 2017 4:37am Mar 7, 2017 4:37am
Quoting Krossaren96
{quote} On the image you posted there isn't really an X-leg. Remember that the X must be located on the lower trendline!
yes well pointed there is also no convergence with AC XB, my bad
There is no way to happiness , happiness is the way.
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