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Wolfe Waves - Get in the Zone

  • #701
  • Edited 5:40pm Apr 7, 2017 2:08pm | Edited 5:40pm
Quoting parviz1953
{quote} Very interestingly now, the indicator draw the same chart CWW as a completed CWW. I Believe it would be a profitable buy opportunity and a very good R/R ratio, if you put the SL just below the green line of the 2nd S.zone and TP somewhere above the A_C Line. This will give you a goal of >50 pips {image} And if you follow this in the Daily chart then there you see a potential CWW, just forming, and the D(5) will Complete this one, somewhere around above 300 pips of profit before it retrace, which i estimate it may take a week or two before...
OK now I am seeing that reversal has already started, and this figure shows how i am going to enter the market step wise, i already bought a 0.1 lot and i have a buy stops just above every of the .23, .382, .50, .618 fibo levels with 0.3 lot as pyramiding trades.
I am crossing my fingers, Hopefully the prediction of future price movement will come true.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-04-07 at 3.10.42 PM.png Size: 98 KB

Also notice that the AB/CD ratio is 144%, and that D(5), has just past the 2nd S.Zone even, until it formed a new pivot point. May be confluence is playing a role here, (coincidence of the daily potential CWW, C(4)point, and this D(5), of the completed M30 CWW, on different TF). Or may be then it is not a typical CWW and it fits the definition of what is called "Bullish Alt AB=CD Pattern".
Please, please i ask, from those experienced trader and Expo to participate and give their comments on this topics. Don't let this forum to fade gradually in dark of silence, and let us all learn from each other.
  • #702
  • Apr 7, 2017 3:30pm Apr 7, 2017 3:30pm
Quoting parviz1953
{quote} OK now I am seeing that reversal has already started, and this figure shows how i am going to enter the market step wise, i already bought a 0.1 lot and i have a buy stops just above every of the .23, .382, .50, .618 fibo levels with 0.3 lot as pyramiding trades. I am crossing my fingers, Hopefully the prediction of future price movement will come true. {image} Also notice that the AB/CD ratio is 144%, and that D(5), has just past the even 2nd S.Zone, until it formed a new pivot point. May be confluence is...
hi perviz thanks for the indi, i ve downloaded your latest version but still i am not getting the same picture as you have in eurusd 30 min
  • #703
  • Apr 7, 2017 3:50pm Apr 7, 2017 3:50pm
Quoting boundary
{quote} hi perviz thanks for the indi, i ve downloaded your latest version but still i am not getting the same picture as you have in eurusd 30 min
I am very sorry sir, ya that is true, indeed this is a special edition that i kept for myself.....
No really the truth is that:
When the D(5) point passes the line from point X(1) and parallel to A(2)_C(4),(the last allowable boundary of 2nd Sweet Zone) the indicator does not accept it as a valid CWW.
In this version of mine (which i did not dare to put on the forum, since it was misleading), lets this to happen, this is just experimental version, so i kept it to myself.
  • #704
  • Edited 6:17pm Apr 7, 2017 4:35pm | Edited 6:17pm
Just for comparison: This is the Elltiot's wave counterpart of the same Daily EURUSD Chart.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-04-07 at 5.42.56 PM.png Size: 42 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-04-07 at 7.13.40 PM.png Size: 70 KB

I believe that if the price comes 20 pips more down and it reaches the 4th point, then on reversal, D(5) will not enter the sweet zone, and it is no more CWW, then it is going to form somewhere before reaching it, making Elliot's 5th point and reverse, to make the rest of it (the A,B,C part of the wave).
And here is the two type of waves superimposed, to see the difference:
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-04-07 at 7.06.57 PM.png Size: 74 KB
  • #705
  • Apr 7, 2017 6:53pm Apr 7, 2017 6:53pm
brainstorm....

looks like CD must be standardized....

Anyone agree with me?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 197 KB
Click to Enlarge Name: Screenshot2.png Size: 174 KB
No one wants to be defeated~
  • #706
  • Apr 7, 2017 10:59pm Apr 7, 2017 10:59pm
Quoting jonirrenicus
brainstorm.... looks like CD must be standardized.... Anyone agree with me? {image} {image}
It has been standardizd , AB should be equal to CD+/- 10% at most, other than that it is either not a CWW, or a Failed one.
Don't forget that at its best, CWW does only gives 60-70% success rate, which is in real world, a lot better than, 50% chance of a coin flip.
  • #707
  • Edited 5:57am Apr 8, 2017 12:48am | Edited 5:57am
Quoting definition
Just for comparison: This is the Elltiot's wave counterpart of the same Daily EURUSD Chart. {image} {image} I believe that if the price comes 20 pips more down and it reaches the 4th point, then on reversal, D(5) will not enter the sweet zone, and it is no more CWW, then it is going to form somewhere before reaching it, making Elliot's 5th point and reverse, to make the rest of it (the A,B,C part of the wave). And here is the two type of waves superimposed, to see the difference: {image}
Hi everybody:
Let me confess that i did not know anything about the CWW, before entering and reading this forum, a generous and excellent work of Expo,.
Now after a deep dive into the definition and its characteristics and coding an indicator for it, I want to define what a CWW is in my humble opinion and as I understand it:
1) CWW is a variant (mutant) form of Elliot's wave, which has been very well defined by the great job of Mr Wolfe, and works as good as it's decent father.

2) It start one extremum of price moves later than Elliot's waves, (X point of it is indeed 1st point of the Elliot's).So a bullish Elliot's wave is a bearish Wolfe wave (look at the superimposed picture of my last post).

3) While in Elliot's Wave, all believe that the best point to enter the market is at the beginning of the formation of 3rd wave(the impulsive 3rd wave), wolfe wave trader are advised to enter the market on the completion of the D(5) point, which is indeed, upon completion of the 5th wave and beginning of the retracement Waves of Elliot's (at the beginning of its ABC wave formation).

4) So, while trades of Elliot's wave follower start "with the trend" at the completion of 2nd point, wolfe's trader wait till trend is finished and its retracement start("Anti_trend trading", beginning at its well defined, best selected point of it ,the "Sweet Zone").

I am looking forward for any comments that teach me, if i am wrong in any parts, or overlooked any details.
Dear expo please mentor me, if i am wrong.
  • #708
  • Edited Apr 9, 2017 1:08am Apr 8, 2017 11:13pm | Edited Apr 9, 2017 1:08am
Quoting parviz1953
{quote} Hi everybody: Let me confess that i did not know anything about the CWW, before entering and reading this forum, a generous and excellent work of Expo,. Now after a deep dive into the definition and its characteristics and coding an indicator for it, I want to define what a CWW is in my humble opinion and as I understand it: 1) CWW is a variant (mutant) form of Elliot's wave, which has been very well defined by the great job of Mr Wolfe, and works as good as it's decent father. 2) It start one extremum of price moves later than Elliot's...
As I stated previously, not always, but CWWs are often the end points of larger harmonic structures, including Eliiot waves.

However, I can't comment on Elliot waves specifically as I haven't really studied them in depth. I think there have been some knowledgeable EW posters here that have made some very good points on this subject.
Pride always comes before destruction.... -Proverbs 16:18
  • #709
  • Apr 9, 2017 9:30am Apr 9, 2017 9:30am
Quoting parviz1953
{quote} Thanks: I was aware of this bug myself , so I was looking for a better one, now the new standard zigzag indicator logic which is provided by MT4 itself was chosen and used. I hope that the bug is fixed now, I myself did not find it any more.... And in this version also, you can choose your own set of six different ExtDepth values, if you don't like the default ones. {file} EDITED: Unfortunately the problem was not solved , i believe it was in the logic of recounting only those Bars which are new, in all type of indicator...
Hi All:
This is the last revision, a bug fixed, and i believe it is now bugs free and developed into its best. Thank you all, for sharing your experience with me and helping me to improve it.
Attached File(s)
File Type: ex4 parvizCWW v7.2.ex4   68 KB | 388 downloads
  • #710
  • Apr 9, 2017 2:25pm Apr 9, 2017 2:25pm
AUDJPY 6H Chart:
5 Waves Impulsive [Down].
[Harmonic Elliott Wave]
Wolfe Wave completing?
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 170410 6H [1].png Size: 86 KB
Wait, or you will be slaughtered!
  • #711
  • Apr 9, 2017 3:05pm Apr 9, 2017 3:05pm
Quoting parviz1953
{quote} Hi All: This is the last revision, a bug fixed, and i believe it is now bugs free and developed into its best. Thank you all, for sharing your experience with me and helping me to improve it. {file}
Amazing work you have done parviz. As I said this indicator is the "creme de la creme" of WW indicators. Bravo and thank you so much!

I now it's probably is a massive amount of work, but is there any way the inputs can be set up to allow the user to modify the colors, line thickness, etc etc. Without having the code, it seems the only thing that can be modified on the wave structure is the triangle color.
Pride always comes before destruction.... -Proverbs 16:18
  • #712
  • Edited 3:58pm Apr 9, 2017 3:38pm | Edited 3:58pm
Quoting Expo33
{quote} Amazing work you have done parviz. As I said this indicator is the "creme de la creme" of WW indicators. Bravo and thank you so much! I now it's probably is a massive amount of work, but is there any way the inputs can be set up to allow the user to modify the colors, line thickness, etc etc. Without having the code, it seems the only thing that can be modified on the wave structure is the triangle color.
Thanks a lot sir:
I am really happy that you liked it, the triangle color can be set, but the line thickness is not. If you think it is necessary to have it, that can be added easily.please, explain, and itemize all the inputs that you think should be added, i will implement them in the next update .(you know, more than 20 different objects are created on the chart when program draw a pattern, each with a line thickness, color and position , how do you believe i should categorize them. (for example, for lines i used 3 different color to be separable promptly, for fibo relations and triangle one, and for buttons two )
  • #713
  • Apr 9, 2017 3:53pm Apr 9, 2017 3:53pm
You're welcome Parviz.

I feel bad even asking. My eyes are very sensitive to certain color patterns, hence why I use the black template. For me, I would love to be able to modify every input so I can create a personal color scheme as my default (pretty selfish I know) : zig zag, trend lines, extension lines, target line, pretty mush every element of the structure in your indicator.

If not, no problem. I don't want you to have to work any harder than you already have.

Cheers,

-Kurt
Pride always comes before destruction.... -Proverbs 16:18
  • #714
  • Apr 10, 2017 3:05am Apr 10, 2017 3:05am
Quoting Expo33
You're welcome Parviz. I feel bad even asking. My eyes are very sensitive to certain color patterns, hence why I use the black template. For me, I would love to be able to modify every input so I can create a personal color scheme as my default (pretty selfish I know) : zig zag, trend lines, extension lines, target line, pretty mush every element of the structure in your indicator. If not, no problem. I don't want you to have to work any harder than you already have. Cheers, -Kurt
take or not?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB
No one wants to be defeated~
  • #715
  • Apr 10, 2017 6:27am Apr 10, 2017 6:27am
Quoting jonirrenicus
{quote} take or not? {image}
1) Your chart doesn't show the pair or time frame so I can't analyze the set up
2) "trust no one but yourself" -jonirrenicus
Pride always comes before destruction.... -Proverbs 16:18
  • #716
  • Apr 10, 2017 8:27am Apr 10, 2017 8:27am
Quoting Expo33
{quote} 1) Your chart doesn't show the pair or time frame so I can't analyze the set up 2) "trust no one but yourself" -jonirrenicus
1） H4
2） have You seen anyone with great success....still post things here?
No one wants to be defeated~
  • #717
  • Apr 10, 2017 8:45am Apr 10, 2017 8:45am
Quoting jonirrenicus
{quote} take or not? {image}
Hello jonnirenicus, pls can you share the support and resistance indicator you use here on this chart. Thanks
  • #718
  • Apr 10, 2017 9:10am Apr 10, 2017 9:10am
Quoting parviz1953
{quote} Hi All: This is the last revision, a bug fixed, and i believe it is now bugs free and developed into its best. Thank you all, for sharing your experience with me and helping me to improve it. {file}
I am sorry but i found another bug in the logic (did not noticed it before), fixed now.
Attached File(s)
File Type: ex4 parvizCWW V7.3.ex4   70 KB | 399 downloads
  • #719
  • Apr 10, 2017 11:12am Apr 10, 2017 11:12am
Quoting jonirrenicus
{quote} 1） H4 2） have You seen anyone with great success....still post things here?
Still don't know what pair it is?
Pride always comes before destruction.... -Proverbs 16:18
  • #720
  • Apr 11, 2017 6:37am Apr 11, 2017 6:37am
Quoting Expo33
{quote} Still don't know what pair it is?
GBPUSD

I suggest we should look for trades only on TF no less than H1.

I get this point from a very successful fund manager on a lecture.
No one wants to be defeated~
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