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Wolfe Waves - Get in the Zone

  • #761
  • Apr 14, 2017 3:05am Apr 14, 2017 3:05am
Quoting PipsMaster23
{quote} Yes, its an uncomfortable trade due to all the geopolitical factors surrounding this pair.... what are your TPs, if i may ask?
Post #753 shows the TPs. I tend to micro manage trades that go in my favor.
Pride always comes before destruction.... -Proverbs 16:18
  • #762
  • Apr 14, 2017 6:02am Apr 14, 2017 6:02am
Quoting jonirrenicus
{quote} another problem...sorry.... pls. make it search potential CWW by default, no body care about complete CWW, right? thanks again!
Special version, for those who like it as he does. Otherwise not different than V7.4.3
Attached File(s)
File Type: ex4 parvizCWW v7_4_3.ex4   51 KB | 392 downloads
  • #763
  • Edited 4:31pm Apr 14, 2017 8:31am | Edited 4:31pm
Quoting Expo33
Activated 2 positions manually on the GBP/JPY 4HOUR. Interesting to see a smaller WW on the hourly. I think this scenario adds a nice layer of confluence to the trade. However, with all of the geopolitical risk in the air, the next bomb to drop could easily blow this trade up. GBP/JPY 4HOUR CWW (trade levels shown) {image} GBP/JPY HOURLY CWW (trade levels not shown) {image}
All positions have been filled. GBP data has been very good lately but geopolitical tensions have pushed GJ down. Imho, very good risk reward at the current price level. Any type of positive communication involving N. Korea, US, China, or Russia could send GJ back north. In the meantime, will rely on the CWW structure and let the trade run over the weekend. Right now, GJ hovering right at the AB=CD completion level 136.13

Not Wolfe wave related but EUR/JPY and GBP/JPY share a strong positive correlation. At the moment, EUR/JPY price is coming into what I term an "energy zone" on the daily. It will be interesting heading into next week to see if this zone repels price or if it accelerates through and goes lower.

EUR/JPY DAILY ENERGY ZONE - When price, time, and space meet!
Attached Image (click to enlarge)
Click to Enlarge Name: ej.png Size: 80 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #764
  • Apr 14, 2017 9:11am Apr 14, 2017 9:11am
Expo Thank you for sharing your knowledge.
I think CadJpy its entering to the Zone. What do you think?
Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 160 KB
  • #765
  • Apr 14, 2017 3:10pm Apr 14, 2017 3:10pm
Quoting Piphoarder
Expo Thank you for sharing your knowledge. I think CadJpy its entering to the Zone. What do you think? Thank you {image}
Your welcome. Thanks for posting and using the template.

Not the greatest symmetry but certainly a valid WW. Interesting to note that the AB=CD completion level is 81.17 which is the 161FIB extension to the pip, so scaling in down to that point with small positions would seem like a decent option. Also, several other JPY pairs are reaching important support levels. Next week will be very interesting.

Keeping an eye on oil price there is a head and shoulders developing on the hourly

Good luck and have nice weekend
Pride always comes before destruction.... -Proverbs 16:18
  • #766
  • Apr 14, 2017 3:20pm Apr 14, 2017 3:20pm
Quoting Expo33
{quote} Your welcome. Thanks for posting and using the template. Not the greatest symmetry but certainly a valid WW. Interesting to note that the AB=CD completion level is 81.17 which is the 161FIB extension to the pip, so scaling in down to that point with small positions would seem like a decent option. Also, several other JPY pairs are reaching important support levels. Next week will be very interesting. Keeping an eye on oil price there is a head and shoulders developing on the hourly Good luck and have nice weekend
Yep you are totally right, JPY might go north next week.
Thank for your input.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 147 KB
  • #767
  • Apr 15, 2017 2:47pm Apr 15, 2017 2:47pm
Hi All, thank you for a great thread,
and hats off to Parvis for his coding.
I would like to share a few things that have dropped into place
while following the thread.
For me, they are very [VERY] significant.
First you would need to take a look at the attached pics.
They represent the Harmonic Elliott Wave [HEW] Impulse Wave Count,
in 5 waves [(i) to (v)].
To keep it simple, I have added the 1 to 5 basic Wolfe Wave Count.
Also, each and every Wave a and Wave c is a HEW 5 wave Impulse Wave.
Now, that's a lot of 5 wave HEW 5 wave Impulse Waves!
And, that's a lot of Wolfe Waves that end each HEW Impulse Wave.
Virtually an endless supply!
Not only that, the Wave b corrections also contain HEW 5 wave Impulse Waves.
They can be very complicated,
but we already know how complicated corrections can be!
The Wave ii's and iv's also contain 5 wave Impulse Waves.
Cheers, U2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: #HEW Struc Long Wolfe.jpg Size: 34 KB
Click to Enlarge Name: #HEW Struc Short Wolfe.jpg Size: 35 KB
Wait, or you will be slaughtered!
  • #768
  • Edited 3:52pm Apr 15, 2017 3:11pm | Edited 3:52pm
Quoting Uturn2
Hi All, thank you for a great thread, and hats off to Parvis for his coding. I would like to share a few things that have dropped into place while following the thread. For me, they are very [VERY] significant. First you would need to take a look at the attached pics. They represent the Harmonic Elliott Wave [HEW] Impulse Wave Count, in 5 waves [(i) to (v)]. To keep it simple, I have added the 1 to 5 basic Wolfe Wave Count. Also, each and every Wave a and Wave c is a HEW 5 wave Impulse Wave. Now, that's a lot of 5 wave HEW 5 wave Impulse Waves!...
Thanks for posting U2.

Nice explanation and diagram. This will be very helpful to me and many others!

For myself and anyone else interested, would you recommend any free online resources for HEW study.

Cheers, -Kurt
Pride always comes before destruction.... -Proverbs 16:18
  • #769
  • Edited 8:18pm Apr 15, 2017 5:59pm | Edited 8:18pm
[
Quoting Uturn2
Hi All, thank you for a great thread, and hats off to Parvis for his coding. I would like to share a few things that have dropped into place while following the thread. For me, they are very [VERY] significant. First you would need to take a look at the attached pics. They represent the Harmonic Elliott Wave [HEW] Impulse Wave Count, in 5 waves [(i) to (v)]. To keep it simple, I have added the 1 to 5 basic Wolfe Wave Count. Also, each and every Wave a and Wave c is a HEW 5 wave Impulse Wave. Now, that's a lot of 5 wave HEW 5 wave Impulse Waves!...
Hi Uturn:
Thank a lot for you kind complement.
I believe you are making a mistake, when you were naming the CWW counterpart of the HEW, i believe you must start counting one wave later, please refer to my post#704, to see what i mean.
in confirmation of what i said, consider also that for a CWW to be valid X(1) need to be between point B(3) , and C(4).
the third point that i want to mention is that as you said there are a lot of different level of CWW as HEW, and it depends on how you define the ExtDepth of the zigzag indicator ,which gives you larger or smaller high and lows and peak and lawn.
a valid CWW has a strict rules that as a reminder i write it again here for information of all:


Buy Wolf wave:

Low[X]<High[A] &&
Low[X]<High[C] &&
Low[b]<High[C] &&
Low[b]<Low[X] &&
High[C]<High[A]&&
(slope1_3<=slope2_4)&&
D(5) should touch or pass Line1_3&&
D(5) should not pass the boundary of 2nd sweet zone

And you can think , the same form of logic is there, for detection of a Sell Wolfe wave.


EDITED:
And the last point:
Quote
Also, each and every Wave a and Wave c is a HEW 5 wave Impulse Wave.
Wolfe waves are not impulsive wave of HEW, but indeed the retracement wave of it. And this is why CWW lags one wave later on HEW, as i mentioned earlier.
  • #770
  • Apr 15, 2017 6:37pm Apr 15, 2017 6:37pm
Quoting Expo33
{quote} Thanks for posting U2. Nice explanation and diagram. This will be very helpful to me and many others! For myself and anyone else interested, would you recommend any free online resources for HEW study. Cheers, -Kurt
These 2 Article may be a good point to start:

http://stockcharts.com/school/doku.p...tt_wave_theory
http://stockcharts.com/school/doku.p..._wave_patterns

And this PDF file which is a comprehensive course:

http://forex-indicators.net/files/in...iott_Waves.pdf
  • #771
  • Apr 15, 2017 11:04pm Apr 15, 2017 11:04pm
Quoting parviz1953
{quote} These 2 Article may be a good point to start: http://stockcharts.com/school/doku.p...tt_wave_theory http://stockcharts.com/school/doku.p..._wave_patterns And this PDF file which is a comprehensive course: http://forex-indicators.net/files/in...iott_Waves.pdf
Thank you Parviz.
Pride always comes before destruction.... -Proverbs 16:18
  • #772
  • Apr 16, 2017 3:14pm Apr 16, 2017 3:14pm
Looks like Yen pairs will open gap up 30-40 pips. Should be an interesting week.
Pride always comes before destruction.... -Proverbs 16:18
  • #773
  • Edited 4:49pm Apr 16, 2017 4:34pm | Edited 4:49pm
Quoting parviz1953
{quote} Special version, for those who like it as he does. Otherwise not different than V7.4.3 {file}
Hi All:
In this new version, i have added some new features, which i believe, would be very helpful.
1) Now you may put, fibo on any line segment of the wave as you wish, and clear it whenever you want, each of the button act as toggle . you may have two or more fibos at the same time.
2) The other one is "SAVE PATTERN" button, by clicking on it an image of the current pattern is saved on the chart, so that you may move between different TF, and compare it in with other TF pattern or if a new pattern comes in it is not gonna be lost.(if at any time you don't want to have it , go to the object list and remove the objects with time and date stamped in their name, or rerun your template).
Attached File(s)
File Type: ex4 parvizCWW v8.ex4   72 KB | 416 downloads

I hope you enjoy it as I do....


PS: By the way i am still not completely sure it is bug free, if you find one, please let me know to fix it.

EDITED: Oh , forgot to mention you may change the color of fibo levels and text related to fibo in the input now.
  • #774
  • Apr 16, 2017 5:56pm Apr 16, 2017 5:56pm
Quoting parviz1953
{quote} Hi All: In this new version, i have added some new features, which i believe, would be very helpful. 1) Now you may put, fibo on any line segment of the wave as you wish, and clear it whenever you want, each of the button act as toggle . you may have two or more fibos at the same time. 2) The other one is "SAVE PATTERN" button, by clicking on it an image of the current pattern is saved on the chart, so that you may move between different TF, and compare it in with other TF pattern or if a new pattern comes in it is not gonna be lost.(if...
Fantastic work Parviz. It just keeps getting better!
Pride always comes before destruction.... -Proverbs 16:18
  • #775
  • Apr 16, 2017 6:06pm Apr 16, 2017 6:06pm
Quoting Expo33
{quote} Fantastic work Parviz. It just keeps getting better!
Thanks, You are most welcome
have green pips......
  • #776
  • Apr 16, 2017 7:34pm Apr 16, 2017 7:34pm
Quoting parviz1953
{quote} Thanks, You are most welcome have green pips......
I feel guilty for even asking but I couldn't really figure out where to change the thick lines to dotted lines with the colors that match my template. Even if I could, it wouldn't help anyways because I have the older code without the new modifications.

I'm sure I could figure out where to just change the colors everywhere I found them in the code to the template colors but I noticed width=2 for the different lines so I don't know what would denote a dotted line. Any suggestions? Heck, I'd be willing to pay to have it done $$$$
Pride always comes before destruction.... -Proverbs 16:18
  • #777
  • Apr 16, 2017 7:58pm Apr 16, 2017 7:58pm
Quoting Expo33
{quote} I feel guilty for even asking but I couldn't really figure out where to change the thick lines to dotted lines with the colors that match my template. Even if I could, it wouldn't help anyways because I have the older code without the new modifications. I'm sure I could figure out where to just change the colors everywhere I found them in the code to the template colors but I noticed width=2 for the different lines so I don't know what would denote a dotted line. Any suggestions? Heck, I'd be willing to pay to have it done $$$$...
if you just tell me the line thickness and different color for each of the lines that you want for your template, i will change it for you the way you like it, free of any charge, this is my hobby as i said before, i enjoy coding, i am 64 years old ,retired and wealthy enough....
  • #778
  • Edited 9:01pm Apr 16, 2017 8:31pm | Edited 9:01pm
Quoting parviz1953
{quote} if you just tell me the line thickness and different color for each of the lines that you want for your template, i will change it for you the way you like it, free of any charge, this is my hobby as i said before, i enjoy coding, i am 64 years old ,retired and wealthy enough....
Incredibly generous of you Parviz. Ok here goes....

Zig Zag line: Magenta - solid line of minimum thickness

X(1),A(1),B(2),C(3),D(4): Yellow

XC target line: MediumSeaGreen - dotted line

XB line: Crimson - dotted line

AC line and both extension lines from points X and B: Yellow - dotted line

All of the percentages Yellow

I think thats about it, please let me know if that make sense.

Again, so much thanks for your contribution and work here.

-Kurt

Just to visualize it, here is the template.

Note: The dotted DodgerBlue line is the AB=CD completion level. I always like to put it on the chart so I can easily look back for previous areas of S/R. I know it's not part of the indicator as it stands, just had it on the chart as a matter of habit

DXY DAILY
Attached Image (click to enlarge)
Click to Enlarge Name: DXY.png Size: 101 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #779
  • Apr 16, 2017 9:42pm Apr 16, 2017 9:42pm
Quoting parviz1953
{quote} Special version, for those who like it as he does. Otherwise not different than V7.4.3 {file}
special thanks to you, bro
No one wants to be defeated~
  • #780
  • Apr 16, 2017 9:47pm Apr 16, 2017 9:47pm
Low liquidity with big geopolitical risk has Yen pairs under pressure

CAD/JPY 4H CWW
Attached Image (click to enlarge)
Click to Enlarge Name: cj4h.png Size: 77 KB


Related scenario for oil. Hourly Head and shoulders testing neckline and also forming a parallel WW.

WTI CRUDE 1H
Attached Image (click to enlarge)
Click to Enlarge Name: WTICRUDEHOURLY.png Size: 75 KB
Pride always comes before destruction.... -Proverbs 16:18
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