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Wolfe Waves - Get in the Zone

  • #1,001
  • Apr 29, 2017 1:21am Apr 29, 2017 1:21am
Here i attached two examples of my trades that worked and failed. I think the importance is the sweet zone area. It has to look good or in symmetry. Some of the wolfe waves are valid but the sweet zones look way off. You guys get what i mean?

BTW, good ban expos. No need to waste time debating if this works or not. Keep the positive flowing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDCADM30 4-26 failed.png Size: 96 KB
Click to Enlarge Name: AUDNZDM30 4-29.png Size: 81 KB
Click to Enlarge Name: NZDCADM30 4-29 fail2.png Size: 87 KB
  • #1,002
  • Apr 29, 2017 1:39am Apr 29, 2017 1:39am
Here's another failed one with bad symmetry. I think this really needs to based on your experience to see the AB=CD formation. The more you look at it, at the angles, the symmetry, the more it will come out to you.

Edit: another example.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDM15 4-29.png Size: 74 KB
Click to Enlarge Name: EURCADM5 4-29.png Size: 75 KB
  • #1,003
  • Edited 3:51am Apr 29, 2017 3:23am | Edited 3:51am
A good example of using confluence for entry. Here we have price reversing before the AB=CD which is perfectly normal. In addition, the symmetry isn't very good.

The question is: How do we know when to enter or to start scaling in? Well, that's a question that each trader has to answer for himself. It's our responsibility to find a filtering system that gives us the best odds off success. For me it's still a personal journey. The possibilities are only limited by our imagination (and by our willingness to learn and work at it)

For me, I love my fibos and I'm beginning to love the Gann fan. In this example, 3 layers of confluence trumps the fact that we have poor symmetry and the fact that price hasn't reached he AB=CD completion level. Neither are a requirement for an entry.

NZD/JPY 4H CWW
Attached Image (click to enlarge)
Click to Enlarge Name: nj4h.png Size: 86 KB

Now, strip away everything from the chart and have a look at the fibo/Gann fan confluence, nearly to the pip. We have the BC extension 141fibo exactly at the larger move 78.6fibo exactly at the bottom range of the Gann fan. Coincidence? Maybe, maybe not. For me, just the sort of confluence that would give me the confidence to pull the trigger early instead of waiting for the AB=CD or waiting for a reversal and TDI cross. The TDI cross is 30 pips above the reversal point. In my opinion, you'd gain nothing by waiting except a higher risk entry with less potential. It's also important to note that you would already know where that green circle is going to be before price reaches that point. So if your mapping and tracking the trade with your filters already in place, you won't have to second guess yourself when the time comes for action. The last thing we want to do is fire from the hip like a wild west gunslinger. We want calculated, predetermined zones of entry.
Attached Image (click to enlarge)
Click to Enlarge Name: NJCONFLUENCE.png Size: 78 KB

NOTE: The WW hasn't reached the target line by any means, and may never reach the target line but the reversal so far is a nice 40 pips giving us the opportunity to bank some pips and let the rest of the positions free roll. I know it's human nature to want the "home run" but 40 pips a day would make your life pretty comfortable over time
Pride always comes before destruction.... -Proverbs 16:18
  • #1,004
  • Edited 3:58am Apr 29, 2017 3:37am | Edited 3:58am
Quoting Expo33
{quote} 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....

Hi guys,

Kanzler sure is an agressive troll and has only a demo trend explorer of one trade old..., but this post sounds wise to me.

With all due respect to Expo33 and I am sorry to say, but Expo33 has deleted his failing trade explorer that had an enormous drawdown, so Kanzler is actually right.

Criticisms are not pleasant but should be welcomed, for obvious reasons.
LDFX Trading Ltd
  • #1,005
  • Apr 29, 2017 4:19am Apr 29, 2017 4:19am
Quoting LDFX
{quote} Hi guys, Kanzler sure is an agressive troll and has only a demo trend explorer of one trade old..., but this post sounds wise to me. With all due respect to Expo33 and I am sorry to say, but Expo33 has deleted his failing trade explorer that had an enormous drawdown, so Kanzler is actually right. Criticisms are not pleasant but should be welcomed, for obvious reasons.
I deleted my TE because it was an experiment that involved trades that involved strategies other than Wolfe waves. That's what demo accounts are for, testing out new strategies. Once a strategy proves to be unfruitful, then we try to make adjustments or put the strategy to rest for good. I thought it may be a discouragement to traders trying to learn the WW strategy. In hindsight, I should only have a TE that reflects solely the WW strategy.

Kanzler doesn't criticize, he just takes pleasure in demeaning people. That type of behavior isn't tolerated here. I didn't actually see any criticism, just an immature man laughing at WW strategy.

If you have something productive to add to our discussion, please do. We've already wasted to much energy on a troll.

Cheers, -Kurt
Pride always comes before destruction.... -Proverbs 16:18
  • #1,006
  • Apr 29, 2017 4:33am Apr 29, 2017 4:33am
Quoting Expo33
{quote} I deleted my TE because it was an experiment that involved trades that involved strategies other than Wolfe waves. That's what demo accounts are for, testing out new strategies. Once a strategy proves to be unfruitful, then we try to make adjustments or put the strategy to rest for good. I thought it may be a discouragement to traders trying to learn the WW strategy. In hindsight, I should only have a TE that reflects solely the WW strategy. Kanzler doesn't criticize, he just takes pleasure in demeaning people. That type of behavior isn't...

Your trend explorer name was Wolf wave and linked to this thread and was demo, sad you do not take responsibility for it by deleting it..., oh yes of course, how stupid was I to think it was about WW and your trading skill ?
It was maybe just a keypad mistouch or something ? Why would anyone want to share a trading activity on a given thread about a given strategy ? Obviously for the same reason that you deleted it.

I was expecting wiser words from you, I am very disappointed.
LDFX Trading Ltd
  • #1,007
  • Apr 29, 2017 4:49am Apr 29, 2017 4:49am
Quoting LDFX
{quote} Your trend explorer name was Wolf wave and linked to this thread and was demo, sad you do not take responsibility for it by deleting it..., oh yes of course, how stupid was I to think it was about WW and your trading skill ? It was maybe just a keypad mistouch or something ? Why would anyone want to share a trading activity on a given thread about a given strategy ? Obviously for the same reason that you deleted it. I was expecting wiser words from you, I am very disappointed.
Exactly, I name it Wolfe wave and then traded with strategies other than Wolfe wave. So it really didn't make sense to keep a TE that didn't reflect the WW strategy.

If I remember correctly, when I was on vacation you were constantly arguing with another poster. I can see that you're not here to add anything of value to our discussion. As such, it's time for you to be put in your playpen with Kanzler.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,008
  • Apr 29, 2017 4:53am Apr 29, 2017 4:53am
Apologies to the posters here for the negative banter that has popped up today.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,009
  • Apr 29, 2017 5:04am Apr 29, 2017 5:04am
I have a feeling that one should try to identify WW setups at a higher tf (say daily), and then its smaller "fractal" duplicate at the lower tf (say hourly) for entry in the sweet zone. (There was a guy on the forum called skunny with similar setups.) This would allow for a massive RR.
Cheers,
k
  • #1,010
  • Apr 29, 2017 5:11am Apr 29, 2017 5:11am
Quoting kprsa
I have a feeling that one should try to identify WW setups at a higher tf (say daily), and then its smaller "fractal" duplicate at the lower tf (say hourly) for entry in the sweet zone. (There was a guy on the forum called skunny with similar setups.) This would allow for a massive RR. Cheers, k
I agree.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,011
  • Apr 29, 2017 6:02am Apr 29, 2017 6:02am
Hello,

I follow this thread, and it has already brought me some good trades.

I use the wolf wave waves more on the Daily time frame.

Would it be worth a thought to check if a currency pair in the daily a wave with short announces this possible announcement to the other couples also check.

For example :

GBP-YEN

D Point --- Announcement Short

Check whether similar waves are in the pair GBP-USD, GBP-AUD, GBP-CAD or GBP-NZD, so that GBP is the main currency

Or

The driving currency is YEN (USD-YEN, AUD-YEN, GBP-YEN), so there would be a possibility if a trend break could take place.

Greetings Steffen

PS. Sorry for my bad english I am trying to translate with google translate.
  • #1,012
  • Apr 29, 2017 6:35am Apr 29, 2017 6:35am
Less talk, more charts. Just ban anyone that is not contributing anything useful, including me or parviz. Always remember, don't feed the trolls. They will pull you down to their levels.

As the thread starter, it is your responsibility to maintain the quality of the thread and don't let it succumb to trolls and haters. No need to waste time with them. They don't like your thread, ban them and move on. Of course, if you can talk some sense into them, it would be great. E.G, private messages.

here, i attach one failed WW because there is no confluence at all. I simply enter because it's a WW and symmetry looks very nice. Note to all, need to find at least another confluence before entering a WW. Be it a round number, fibo, gann, pivot, s/r, MAs, all other shits you could find.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM15 4-29 fail.png Size: 52 KB
  • #1,013
  • Apr 29, 2017 6:54am Apr 29, 2017 6:54am
Quoting Krossaren96
{quote} 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/...
Hey krossaren,

I was looking at all your previous trades, some look nice, some i just don't get it if they are WW. Doesn't matter though. As long as you make money.

I wanted to know how you manage your positions? Do you have a fixed tp/sl per pair? How much risk you putting on each trade? E.g, 5% for 10 pips stoploss or you just enter based on price action?

For expo, i think he's managing based on multiple positions. He entered one early, then scale in second position at worse price to average in. Then maybe third position at worser price to average in. If price took off with his all three positions and went to tp, he will hit a big home run. The problem with this is it's very complicated to me, I don't know how he calculate the risk percentage each trade and you might miss the big move if the price only took your first position and went to your take profit area. For me, i mostly enter based on risk percentage, for example, if i calculate the eurusd pair might be 12 pips sl, i divide by 5% for 12 pips. I mostly aim for 1 to 1 risk ratio only.

Comment on guys.
  • #1,014
  • Apr 29, 2017 10:26am Apr 29, 2017 10:26am
Quoting CrocodileRex
{quote} Hey krossaren, I was looking at all your previous trades, some look nice, some i just don't get it if they are WW. Doesn't matter though. As long as you make money. I wanted to know how you manage your positions? Do you have a fixed tp/sl per pair? How much risk you putting on each trade? E.g, 5% for 10 pips stoploss or you just enter based on price action? For expo, i think he's managing based on multiple positions. He entered one early, then scale in second position at worse price to average in. Then maybe third position at worser price...
I am sorry if some seem unclear. As you can see they are marked as "private" charts which mean they can only be seen if I give the link (which I have here). As they were originally intended for my eyes only I haven't made them extremely clear, jusrt quickly drawn them so I can understand them when looking back on them later. Is there any specific one you want me to clarify?

I have read that Expo scales in/out of his positions and honestly I think that it is up to everyone to decide what they feel is best. Personally I never do. I put a limit order at the end of the AB=CD, put the stop a couple of pips below/above (depending on timeframe) and set my target at about 1-2.5RR (depending on S/R zones coming up). I don't go for more as I rather take many small wins than occasionally big ones. This limits the drawdown.

I do just like you do with the percentage of risk. I never risk more than 2-2.5% and divide that with the amount of pips to get the position size.

I hope this helped you, and nice setups you sent. I have found that past horizontal support/resistance zones at the sweet zone works like a charm when trading these patterns. A nice fibonacci retracement (38.2, 50 or 61.8%) as well and it's a solid trade.

Take care!
  • #1,015
  • Apr 29, 2017 10:31am Apr 29, 2017 10:31am
Quoting CrocodileRex
Less talk, more charts. Just ban anyone that is not contributing anything useful, including me or parviz. Always remember, don't feed the trolls. They will pull you down to their levels. As the thread starter, it is your responsibility to maintain the quality of the thread and don't let it succumb to trolls and haters. No need to waste time with them. They don't like your thread, ban them and move on. Of course, if you can talk some sense into them, it would be great. E.G, private messages. here, i attach one failed WW because there is no confluence...
Another tip: on the chart you linked here I would need very strong structural resistance in order to short at the sweet zone due to the very strong bullish trend.
  • #1,016
  • Apr 29, 2017 11:10am Apr 29, 2017 11:10am
Quoting Ritter3
Hello, I follow this thread, and it has already brought me some good trades. I use the wolf wave waves more on the Daily time frame. Would it be worth a thought to check if a currency pair in the daily a wave with short announces this possible announcement to the other couples also check. For example : GBP-YEN D Point --- Announcement Short Check whether similar waves are in the pair GBP-USD, GBP-AUD, GBP-CAD or GBP-NZD, so that GBP is the main currency Or The driving currency is YEN (USD-YEN, AUD-YEN, GBP-YEN), so there would be a possibility if...
Hi Ritter and thanks for posting.

If I understand you correctly, maybe you are talking about correlation. If I'm trading GBP/JPY then I would certainly check the GBP/USD and USD/JPY pairs to see if there were any developing waves as well.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,017
  • Apr 29, 2017 11:40am Apr 29, 2017 11:40am
Yes, I mean, if there are also waves in the other couples, which confirm the movement of the couple to act, one could be quite sure that there will be a sure wave.


If the pair GBP-YEN is taken and a wave is suggested,

There must be similar waves in almost all couples who are dealing with GBP or all couples have to do with the YEN depending on which currency is the driving force.
  • #1,018
  • Apr 29, 2017 2:39pm Apr 29, 2017 2:39pm
Quoting Krossaren96
{quote} Another tip: on the chart you linked here I would need very strong structural resistance in order to short at the sweet zone due to the very strong bullish trend.
Seems like you are onto something here. I just discovered that myself also this week.

Will see how next week goes! After all, the cycle of a trader is:-

1) discover hope
2) testing the possible outcome
3) failed
4) repeat
  • #1,019
  • Edited 3:11pm Apr 29, 2017 2:59pm | Edited 3:11pm
Hi All,
Great thread!
Still feeling my way with mt4 and the CWW indicator.
[Just gets better and better Parviz. Thanks for the template Kurt.]
GBPUSD DLY Chart:
Looks picture perfect?
Huge downside potential?
The Cyan and Orange Arrows on the chart,
and indicator at the bottom were given to me by a fellow Aussie.
[Confluence with the CWW]
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 170528 DLY [1].png Size: 135 KB
Wait, or you will be slaughtered!
  • #1,020
  • Apr 29, 2017 3:43pm Apr 29, 2017 3:43pm
GBPUSD 6H Chart:
Here's a wave count which suggests one more Higher High.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 170528 6H [1].png Size: 75 KB
Wait, or you will be slaughtered!
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