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Wolfe Waves - Get in the Zone

  • #981
  • Apr 28, 2017 1:14pm Apr 28, 2017 1:14pm
Quoting Krossaren96
{quote} Terrific mate, yes just like your chart. The trendline is not very good at all, the confluence which made me really enter the trade was the 38.2% fib and the strong structural support which you can find further to the left. My stoploss and profit target are shown on the picture below. I put the stop a good amount below the entry (no real rule, I just thought it looked good. If price moves below that level, it isn't a completed wolfe wave, it will just be praying that price will turn=I'm out). Target is below the small resistance area marked...
i actually cannot see your initial entry and stoploss/take profit order. Can you specify which point exactly? Or better yet, the number itself?

if you entered at 2, what is your exact number?
  • #982
  • Edited 2:58pm Apr 28, 2017 1:19pm | Edited 2:58pm
Quoting CrocodileRex
{quote} i actually cannot see your initial entry and stoploss/take profit order. Can you specify which point exactly? Or better yet, the number itself? if you entered at 2, what is your exact number?
Oh sorry, you wanted the exact number. Exact numbers: Entry: 121.470, Stop: 121.379 Profit: 121.639

Here are the trades I took today. Most of them you can scroll down to see the higher-TF confluence.
1: CADCHF: https://www.tradingview.com/chart/CA...th-confluence/
2: AUDCHF (closed before the weekend for a 1:2 RR): https://www.tradingview.com/chart/AU...th-confluence/
3: AUDUSD (moved to half of my target then hit SL): https://www.tradingview.com/chart/AU...th-confluence/
4: EURCAD (Entered right on the AB=CD tip, but didn't have time to upload until it had already moved a bit. 1:2 profit target, stop a bit under the AB=CD tip):https://www.tradingview.com/chart/EU...JyiJCB-EURCAD/
5: EURJPY (1:2 profit target, stop a bit under the AB=CD tip): https://www.tradingview.com/chart/EU...lfe-Wave-Long/

Sorry about some of them not having the exact entry/stop/tp indicated, I can send it if you really want to lol.
  • #983
  • Apr 28, 2017 1:26pm Apr 28, 2017 1:26pm
Quoting Krossaren96
{quote} Oh sorry, you wanted the exact number. Exact numbers: Entry: 121.470, Stop: 121.379 Profit: 121.639
ok, may i know why you pick that number? Was it random or it is fixed? Can you replicate it next time you see similar setups or it's just based on your gut feeling? I want to pick your brains as to how you pick your entry and stoploss. I don't see the reason you pick that reason because AB=CD ended at 121.50. Why it is 121.47 and not 121.42?

And where is that 200 fib confluence you mentioned? I couldnt find it.

Thanks for answering my friend.
  • #984
  • Edited 2:13pm Apr 28, 2017 1:35pm | Edited 2:13pm
Quoting CrocodileRex
{quote} ok, may i know why you pick that number? Was it random or it is fixed? Can you replicate it next time you see similar setups or it's just based on your gut feeling? I want to pick your brains as to how you pick your entry and stoploss. I don't see the reason you pick that reason because AB=CD ended at 121.50. Why it is 121.47 and not 121.42? And where is that 200 fib confluence you mentioned? I couldnt find it. Thanks for answering my friend.
Haha no problem. Yes the AB=CD didn't exit exactly on 121.47. The reason for the entry being there is that I use the cTrader platform where I just drag-and-drop the orders, I do not type the price in manually. I would place it in approximately the same place, maybe +-1 pip.

The 200% fib is in the pictures. On the attached photo it's at the red arrow, although it is only shown with a "2".

No problem at all buddy, It's friday night and I have nothing better to do Did you take any nice trades today/during the week?
Attached Image (click to enlarge)
Click to Enlarge Name: Skärmavbild 2017-04-28 kl. 20.34.54.png Size: 143 KB
  • #985
  • Apr 28, 2017 3:44pm Apr 28, 2017 3:44pm
Just noticed that I drew that AB=CD a bit wrong. If you look at this picture instead (the red lines) the entry would actually have been at an even better price (about 121.449). Sorry if this caused confusion.
Attached Image (click to enlarge)
Click to Enlarge Name: Skärmavbild 2017-04-28 kl. 22.44.35.png Size: 147 KB
  • #986
  • Apr 28, 2017 4:28pm Apr 28, 2017 4:28pm
Quoting parviz1953
{quote} Done {file}
Bravo mate! Thank you so much.

First post updated with the new version
Pride always comes before destruction.... -Proverbs 16:18
  • #987
  • Edited 8:29pm Apr 28, 2017 7:42pm | Edited 8:29pm
Quoting Krossaren96
Just entered on this little guy. Update: Stop Reached 15 min AUDUSD: {image}
Is there any reason why you don't download a meta4 demo platform? That way you can use the amazing indicator that Parviz has worked so hard on. Also, it would make the set ups so much clearer for everyone to see and would encourage a healthy debate on each set up. Everyone would benefit.

For example, on the AUD/CHF trade we discussed, look how clear it is. The indicator even maps out a secondary sweet zone. I think it's a work of art!

AUD/CHF 4H CWW STILL HOLDING LONG

Look at that 200FIB, it's like 10 Roman legions repelling any advance
Attached Image (click to enlarge)
Click to Enlarge Name: audchf.png Size: 88 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #988
  • Apr 28, 2017 10:11pm Apr 28, 2017 10:11pm
Quoting Expo33
{quote} Is there any reason why you don't download a meta4 demo platform? That way you can use the amazing indicator that Parviz has worked so hard on. Also, it would make the set ups so much clearer for everyone to see and would encourage a healthy debate on each set up. Everyone would benefit. For example, on the AUD/CHF trade we discussed, look how clear it is. The indicator even maps out a secondary sweet zone. I think it's a work of art! AUD/CHF 4H CWW STILL HOLDING LONG Look at that 200FIB, it's like 10 Roman legions repelling any advance...
Well primarily it is for three reasons. 1: I would much rather be able to find them without the indicator, I am not a very big fan of indicators anymore haha. 2: I have read that the indicator needs a change of settings to find small as well as big patterns, seems easier to do it by hand? 3: I do not like metatrader 4 at all. There are much better charting solutions out there (when trading "naked").

I also tried out one of the first versions but always found it better to find the waves by hand. Of course I want to make it easier for all of you so I just downloaded the latest version (v8.5) but I can't get it to work. Put it into the experts folder but nothing happens when I drag it to the chart. Am I doing something wrong?

Yeah it was a very nice one, I took profit before the markets closed today, 1:2 RR, nice!
  • #989
  • Edited 10:49pm Apr 28, 2017 10:22pm | Edited 10:49pm
Lol Wolfe Waves.

Ignored, what a surprise. Come on guys, ask yourself one simple question - are you making consistent money from this baloney? If not, it's time to find something based more on market facts and less on voodoo waves. To the reply below, it's no skin off my nose buddy. Yes I go around to different threads. Why? Because I want people to stop letting others think for them. Critical thinking and looking at the raw price data is what works. Obfuscating data with waves, averages, or oscillators just puts you behind the game. Your loss, literally.
  • #990
  • Apr 28, 2017 10:29pm Apr 28, 2017 10:29pm
Quoting Krossaren96
{quote} Well primarily it is for three reasons. 1: I would much rather be able to find them without the indicator, I am not a very big fan of indicators anymore haha. 2: I have read that the indicator needs a change of settings to find small as well as big patterns, seems easier to do it by hand? 3: I do not like metatrader 4 at all. There are much better charting solutions out there (when trading "naked"). I also tried out one of the first versions but always found it better to find the waves by hand. Of course I want to make it easier for all...
Sir please put it in the indicator folder, it is not an expert adviser ..., you know it is like doing calculation on large data by hand,when you have computer at your disposal..!!, just it is faster.
  • #991
  • Apr 28, 2017 10:35pm Apr 28, 2017 10:35pm
Quoting parviz1953
{quote} Sir please put it in the indicator folder, it is not an expert adviser ..., you know it is like doing calculation on large data by hand,when you have computer at your disposal..!!, just it is faster.
Of course, sorry and thanks buddy.

Does it show already completed WWs?
  • #992
  • Apr 28, 2017 10:43pm Apr 28, 2017 10:43pm
Quoting Krossaren96
{quote} Of course, sorry and thanks buddy. Does it show already completed WWs?
yes sir , in the beginning it was just the completed CWW, but if you follow the posts and the path of progression of it then, you will see why and how it traveled the path to this stage of completion , it is version 8.5 now, and hopefully soon fully automated version 9 will be ready.
  • #993
  • Edited 10:59pm Apr 28, 2017 10:44pm | Edited 10:59pm
Quoting Kanzler
Lol Wolfe Waves.
I've noticed you basically add nothing productive to anyone's thread. Just trolling around trying to discourage traders from reaching their full potential. As such, you have been preemptively banned form posting here. If you think this or any other system is foolish hogwash, that is your right. Just move on and don't waste server space on this thread.

I've been studying "price action" for 10 years as have many traders here and on other threads, but to suggest that harmonic structures, candle patterns, etc etc don't work at all is close minded. There are many ways to skin a cat
Pride always comes before destruction.... -Proverbs 16:18
  • #994
  • Apr 28, 2017 10:49pm Apr 28, 2017 10:49pm
Quoting Krossaren96
{quote} Well primarily it is for three reasons. 1: I would much rather be able to find them without the indicator, I am not a very big fan of indicators anymore haha. 2: I have read that the indicator needs a change of settings to find small as well as big patterns, seems easier to do it by hand? 3: I do not like metatrader 4 at all. There are much better charting solutions out there (when trading "naked"). I also tried out one of the first versions but always found it better to find the waves by hand. Of course I want to make it easier for all...
As I stated in the first post in discussing this indicator, of course it's important to be able to spot WWs with the naked eye. But using the indicator saves time and allows you to track many more waves. Then that extra time can be used in trying to filter out the bad waves and focus on the best waves with the best structure and confluence.

The reason I suggested meta4 is because that's the platform that the indicator is made for. Otherwise my head may explode if I have to try and decipher whats going on here:

Attached Image (click to enlarge)
Click to Enlarge Name: ouch.png Size: 147 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #995
  • Apr 28, 2017 10:59pm Apr 28, 2017 10:59pm
Quoting Kanzler
Lol Wolfe Waves. Ignored, what a surprise. Come on guys, ask yourself one simple question - are you making consistent money from this baloney? If not, it's time to find something based more on market facts and less on voodoo waves. To the reply below, it's no skin off my nose buddy. Yes I go around to different threads. Why? Because I want people to stop letting others think for them. Critical thinking and looking at the raw price data is what works. Obfuscating data with waves, averages, or oscillators just puts you behind the game. Your...
Sir : if you start a thread and try to help and teach others ,whatever you know about "critical thinking" and how you analyze "raw price data", you bet i will be the first subscriber there.
  • #996
  • Apr 28, 2017 11:09pm Apr 28, 2017 11:09pm
Quoting Expo33
{quote} As I stated in the first post in discussing this indicator, of course it's important to be able to spot WWs with the naked eye. But using the indicator saves time and allows you to track many more waves. Then that extra time can be used in trying to filter out the bad waves and focus on the best waves with the best structure and confluence. The reason I suggested meta4 is because that's the platform that the indicator is made for. Otherwise my head may explode if I have to try and decipher whats going on here: {image}
Another advantage of using this indicator is that, when people talk about CWW , it seems all are using the same standard language to describe it and surely it will help to communicate better.
  • #997
  • Apr 28, 2017 11:23pm Apr 28, 2017 11:23pm
Quoting parviz1953
{quote} Another advantage of using this indicator is that, when people talk about CWW , it seems all are using the same standard language to describe it and surely it will help to communicate better.
I agree, it's nice to be on the same page
Pride always comes before destruction.... -Proverbs 16:18
  • #998
  • Edited Apr 29, 2017 12:09am Apr 28, 2017 11:38pm | Edited Apr 29, 2017 12:09am
Zig zag couldn't be set to detect this one but I drew it manually and will be watching it next week. I have been using the Gann fan a lot lately to see how productive it is as a filter. This one shows nice confluence with AB=CD, 161FIB, and the 8x1 Gann fan line.

Sorry, chart is a little "busy" with the Gann fan on there:

AUD/JPY 30MIN CWW (just about a horizontal XB)
Attached Image (click to enlarge)
Click to Enlarge Name: aj30.png Size: 86 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #999
  • Edited 1:11am Apr 29, 2017 12:53am | Edited 1:11am
The template I use in post #1 has been updated with the newest version of Parviz' WW indicator

Here if anyone is interested:
Attached File(s)
File Type: tpl WOLFEWAVE.tpl   170 KB | 1,307 downloads
Pride always comes before destruction.... -Proverbs 16:18
  • #1,000
  • Apr 29, 2017 1:15am Apr 29, 2017 1:15am
Quoting Krossaren96
Just got long on this setup: Nice support on the daily in the sweet-zone. I put the target just below the bearish trendline which formed during the last couple of days on the hourly: Edit: Target Reached CADCHF: {image} {image}
Hi Friend,

I think you drew the line wrong for the cad/chf trade. Don't think it is a wolfe wave. Even if it is, i think it's a weak one. I will attach more examples next post.
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHFM15 4-29.png Size: 77 KB
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