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Wolfe Waves - Get in the Zone

  • #401
  • Mar 17, 2017 5:07am Mar 17, 2017 5:07am
Quoting jonirrenicus
{quote} First one is not a WW pattern, sorry. ok i got u.this is a good exp. of CWW {image} For Strong AB-CD wave we use 141-161.8, for weak AB-CD we use 113-127. Right?
Struggling to see your wave with all of the other stuff and bright colors.

In any event the AB=CD is what it is. You calculate where D is supposed to be. You can't choose the D point to fit a FIB extension.
Pride always comes before destruction.... -Proverbs 16:18
  • #402
  • Mar 17, 2017 5:16am Mar 17, 2017 5:16am
Quoting salamanda74
For those who have not yet entered and are still looking for a decent point to enter the EURUSD WW that Expo has outlined, here is a 5 min channel that may still be operating so maybe look for a decent show of bear strength for the start of a move down. There has already been a strong bear break below the nested channel hugging the channel line so that is a decent show by the bears. Now a failed BO above the high or the top of the channel could herald the start of a decent move down, at least to the bottom of the channel. Maybe.... {image}
Nice analysis
Pride always comes before destruction.... -Proverbs 16:18
  • #403
  • Mar 17, 2017 5:25am Mar 17, 2017 5:25am
Not perfect symmetry but nevertheless i'm in.
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  • #404
  • Mar 17, 2017 5:27am Mar 17, 2017 5:27am
Missed this one. Not really a CWW or AWW as the trend lines basically form a perfect channel. A quick 20+ pips to the target line

Symmetry is near perfect

EUR/CAD 15MIN
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Pride always comes before destruction.... -Proverbs 16:18
  • #405
  • Mar 17, 2017 5:50am Mar 17, 2017 5:50am
Quoting Expo33
Putting this trade on a tight lease. Parallel waves can be steep and tough to trade NZD/CHF 30MIN PWW {image}
Starting to gain momentum, looking for 5th straight positive 4H candle. Would love to have this one finished by market close today
Pride always comes before destruction.... -Proverbs 16:18
  • #406
  • Mar 17, 2017 6:07am Mar 17, 2017 6:07am
Got taken out by a strong euro south move. eur/aud

Edit: ah, someone is talking. No wonder the strong move.
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  • #407
  • Mar 17, 2017 6:07am Mar 17, 2017 6:07am
{quote} Just scrolled back to find that wave, a little rough a round the edges but played out perfectly. Well done,I hope you traded it![/quote]

Unfortunately i had my entry at the 161 fib, missed by a few tics, Should have gotten in at 141. ah well, onto the next one
  • #408
  • Mar 17, 2017 6:32am Mar 17, 2017 6:32am
Quoting Tbuild
{quote} Just scrolled back to find that wave, a little rough a round the edges but played out perfectly. Well done,I hope you traded it!
Unfortunately i had my entry at the 161 fib, missed by a few tics, Should have gotten in at 141. ah well, onto the next one [/quote]

Sometimes tough on the smaller time frames, not much of a scale in zone. I tend to enter a few pips before the completion level. On higher time frames love to scale in early with smaller positions.

Anyways, plenty of other opportunities as you said
Pride always comes before destruction.... -Proverbs 16:18
  • #409
  • Mar 17, 2017 6:36am Mar 17, 2017 6:36am
FTSE 5min (if you think it's coming down.....)
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  • #410
  • Mar 17, 2017 11:10am Mar 17, 2017 11:10am
EJ H1
Not a great shape, but a possibility all the same
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  • #411
  • Edited 2:39pm Mar 17, 2017 1:51pm | Edited 2:39pm
Wrapping up a very good week. Looking forward to clearing the charts and getting a fresh look for next week. I find Friday is a good time for reflection; to think about some errors we have made and how we will inject a new positive way of thinking and doing for the week ahead.

Less is often more

If you are struggling or on a string of losers, trade less. When we are looking for something, it's human nature to sometimes see something that really isn't there. The nature of this strategy is to find and trade Wolfe waves and I think sometimes it's natural to force price into the pattern we want to see. Price does what it does. It's our job to make sure price action fits the Wolfe wave parameters with the best possible structure.

A shiny car with a crappy engine isn't going to cut it in the long run. The old adage, "you can put lipstick on a pig, but it's still a pig" is very true here as well. We can draw lines and make all kinds of fancy diagrams and doll up our charts in every imaginable way, but if the nuts and bolts of our wave structure are faulty, then the chance for success is limited.

Demand quality from yourself and from your Wolfe waves. Always quality over quantity. There are 100+ valid waves each week, but you only need 2 or 3 to make your account grow consistently and significantly.

Confluence is king. Beware if it's not there.

Have a great weekend everyone and thanks for all of the posts this week. I am really pleased with how much work we have all done so far.
Pride always comes before destruction.... -Proverbs 16:18
  • #412
  • Mar 17, 2017 4:37pm Mar 17, 2017 4:37pm
This thread is really interesting
Timing, for me, could not be better as I'm investigating a kind of wave recently which allows the market to balance itself by causing some pain to the crowd.
The wolfe wave is really similar to this.
Do you ever thought about why they appear and tend to work more often than not?
Of course, many know that the market follows harmonics but there's also a big psychological component to it.
In my opinion, the market is designed to allow only a few to succeed and as soon as the crowd moves out of balance to a favored direction (short/long) the market has to rebalance itself in the interest of the few successful and smart traders.
So a wolfe wave is in essence a confirmed trend segment and we all know the story about HH HL (uptrend) - LL LH (downtrend) and what is written in the many trading books about how to trade a trend. Now, Bill Wolfe was genius to notice this and he even called it market balance when price moves from the sweet zone to the target EPA line which involves a break of structure in opposite direction with a wash out (stop hunt).

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Since the market is fractal in its nature, it makes sense to check the HTF waves and cycles in progress to make sure to not go against them.
Bill Wolfe wrote in his book that if price misses the EPA line often then he suggests to change the time frame because the dominant wave is probably on a different time frame:

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Thanks Expo33 for the great and absolutely clear explanations and examples.
Learning about the sweet zone and your addition of using harmonics for confluence is a real insight.
Also nice results too, keep going
the 3rd wave is the crowd's wave
  • #413
  • Edited Mar 18, 2017 4:42am Mar 17, 2017 8:56pm | Edited Mar 18, 2017 4:42am
Quoting juriFX
This thread is really interesting Timing, for me, could not be better as I'm investigating a kind of wave recently which allows the market to balance itself by causing some pain to the crowd. The wolfe wave is really similar to this. Do you ever thought about why they appear and tend to work more often than not? Of course, many know that the market follows harmonics but there's also a big psychological component to it. In my opinion, the market is designed to allow only a few to succeed and as soon as the crowd moves out of balance to a favored...
Hi Juri.

Thank you for the kind words and thank you also for your amazing post! This is a gem in the rough and exactly why I wanted to start this thread. Best post we've had so far, and one I think every trader here should read. Thanks for taking the time to clearly explain your point. Very well presented and a great perspective for all of us to consider. Hope you stick around and help us along our journey.

I believe the market player's behavior is mapped out in a harmonic nature. The underlying truth is hidden within the price action from this harmonic nature and I think that very few can see that hidden truth. To me, the market is a living organism that moves in relation to the collective behavior of it's participants, the humans.
Pride always comes before destruction.... -Proverbs 16:18
  • #414
  • Mar 17, 2017 9:51pm Mar 17, 2017 9:51pm
E|U Friday shot selling TF H4
C | J Friday shot selling TF H4
THX. Bro.
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  • #415
  • Mar 18, 2017 1:55am Mar 18, 2017 1:55am
Is this valid?? My first analysis actually. Apologizing in advance if anything wrong.
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  • #416
  • Mar 18, 2017 10:15am Mar 18, 2017 10:15am
Yes it is one, with a retracement / retest, but the setup was there and if the wolfe wave unfolded then it was a trend continuation pattern which might be a good confidence boost to get in, anyway I would have.
LDFX Trading Ltd
  • #417
  • Mar 18, 2017 10:21am Mar 18, 2017 10:21am
As someone said in the thread, wolfe waves are part of bigger harmonic pattern, yes it is, very correlated, to elliot waves, the differents ab=cd patterns like flat, triangles, abc, impulsive wave, corrective wave, 2d wave, 4th wave, etc...
LDFX Trading Ltd
  • #418
  • Mar 18, 2017 12:42pm Mar 18, 2017 12:42pm
Dear Expo:
Here i would like to dedicate this small modification I tried to do on Wolfewave indicator , it now tries to detect wolfe wave better and according to it rule , if it can not find a good setting it does not draw any thing, the waves are numbered in digits and alphabet , the number beside Point (C) is amount of its fibo Retracement ,and that on point (D) its fibo extention comparred to AB line ,I hope it will be bug free, and every body use and enjoy as I am.
Attached File(s)
File Type: ex4 parvizWolfWave.ex4   42 KB | 399 downloads
  • #419
  • Mar 18, 2017 2:27pm Mar 18, 2017 2:27pm
Quoting parviz1953
Dear Expo: Here i would like to dedicate this small modification I tried to do on Wolfewave indicator , it now tries to detect wolfe wave better and according to it rule , if it can not find a good setting it does not draw any thing, the waves are numbered in digits and alphabet , the number beside Point (C) is amount of its fibo Retracement ,and that on point (D) its fibo extention comparred to AB line ,I hope it will be bug free, and every body use and enjoy as I am.{file}
Just added option for drawing Triangles, to the indicator...
hope it would be more helpfull.
Attached File(s)
File Type: ex4 parvizWolfWave v1.ex4   36 KB | 467 downloads
  • #420
  • Edited 3:21pm Mar 18, 2017 2:48pm | Edited 3:21pm
Hi :
On the bases of the WW criteria this example is a bad failure ...?
Am i wrong?
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