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Wolfe Waves - Get in the Zone

  • #1,201
  • May 9, 2017 2:51pm May 9, 2017 2:51pm
Quoting poruchik
Bad and good WW {image} {image}
Thank you very much sir for providing these information,i appreciate and am grateful.
  • #1,202
  • Edited 3:40pm May 9, 2017 3:12pm | Edited 3:40pm
Quoting poruchik
9. The late dispersing wave. ==== all 9 waves ====== http://smart-lab.ru/blog/87963.php {image}
OK , what i have got from these drawings is that
1)The time from point 1 to point 3 (b period) , always in all cases are equal to the time forming the max profit point(green line)from point D.
2)If i draw a parallel line to line 1-3 , starting from point 2 , it roughly gives me a point on the profit line that i may take my first profit by closing part of the trade and keep the rest to travel more (up to the maximum level of labeled take profit) and it has a measurable characteristic(the point,where it ends, is calculable) .
3)Is that correct ..? do you believe if i add this parallel line to the indicator, it would be helpful ...?
  • #1,203
  • May 9, 2017 5:39pm May 9, 2017 5:39pm
Quoting Expo33
{quote} Hi Rees. Not really gone wrong just entered to soon and as a result your stop loss isn't going to work. I posted this same wave on post #1154. Please check it out. So far I only got two small positions filled out of a possible eleven. Hopefully price will move higher and fill up my orders Imho, scaling in shouldn't have started until at least 78.60 up to about 79.00 with SL at least 79.20 ish The AB=CD completion price isn't until 78.85. Please check out the chart below and notice the previous S/R and where the scale in zone is. Also notice...
Stopped out on GOLD

I think the converging might be wrong...

Should we take trade only in(or near) converging area?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 365 KB
No one wants to be defeated~
  • #1,204
  • May 9, 2017 5:46pm May 9, 2017 5:46pm
I tend to stay way from smaller time frames but I couldn't resist this little scalp attempt. Just trying to pick up 20 pips while risking 10.

Fibo confluence, and a little hidden bullish divergence (not very powerful on such a small time frame but......)

USD/CHF 15MIN CWW
Attached Image (click to enlarge)
Click to Enlarge Name: uchf15.png Size: 64 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,205
  • May 9, 2017 5:48pm May 9, 2017 5:48pm
Quoting parviz1953
{quote} Dear kurt: Since you had tonight to examine the work of indicator, i have thought about this logic: If at any point, any candle, from the candle of C(4) to the current candle, closes above the close of C(4),then that potential wave would not be valid(Buy CWW) , and the reverse of that for the (Sell CWW). Do you think that would be a reasonable logic....? If so here it is the new indicator for you... {file} Please examine it and let me know the result
Sorry folks:
The previous three version had a bug that, obliterate all previously drawn objects when it runs.
It is fixed now.
Attached File(s)
File Type: ex4 parvizCWW v9.5.ex4   75 KB | 374 downloads

Attached File(s)
File Type: ex4 parvizCWW v9.6.1.ex4   75 KB | 470 downloads

Attached File(s)
File Type: ex4 parvizCWW v9.6.ex4   75 KB | 409 downloads
  • #1,206
  • May 9, 2017 5:52pm May 9, 2017 5:52pm
Quoting Uturn2
{quote} AUDUSD DLY Chart: I get this on the new Indy. The D5 leg looks a bit stretched? Cheers, U2 {image}
Yes I noticed that smaller wave as well but as I said the indi doesn't pick up the larger wave in play because of the choppy price action on the D leg. None of the exdepth settings will allow the zig zag to find the wave. I believe the bigger wave takes precedence over the smaller wave. The one I posted is a exactly at AB=CD so not overstretched as in the smaller wave you posted.

So far resistance has held up. Green pips going forward

Cheers
Pride always comes before destruction.... -Proverbs 16:18
  • #1,207
  • May 9, 2017 5:56pm May 9, 2017 5:56pm
Quoting jonirrenicus
{quote} Stopped out on GOLD I think the converging might be wrong... Should we take trade only in(or near) converging area? {image}
I don't see any WW in there. I'm confused as to what you were trading
Pride always comes before destruction.... -Proverbs 16:18
  • #1,208
  • May 9, 2017 5:58pm May 9, 2017 5:58pm
Quoting poruchik
2 parviz1953 {image} {image}
Thank you for all of the informative posts, so much to go through and digest. Will be away from the computer until morning. I'm interested and reading through everything

Cheers, -Kurt
Pride always comes before destruction.... -Proverbs 16:18
  • #1,209
  • May 9, 2017 6:04pm May 9, 2017 6:04pm
NZD/JPY 4H CWW UPDATE

This is how it supposed to work in a perfect world. Price rejected exactly at AB=CD which used to be support but has now turned to resistance. Although ABCD candle symmetry isn't perfect the price action on both waves was fairly smooth. Now with 9 scaled in small positions I have some micro management opportunities. We are 50 pips or so from the ABCD completion level so we can bank some profits and adjust some SLs if desired.

Attached Image (click to enlarge)
Click to Enlarge Name: nj4.png Size: 87 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,210
  • May 9, 2017 7:31pm May 9, 2017 7:31pm
Quoting Expo33
I tend to stay way from smaller time frames but I couldn't resist this little scalp attempt. Just trying to pick up 20 pips while risking 10. Fibo confluence, and a little hidden bullish divergence (not very powerful on such a small time frame but......) USD/CHF 15MIN CWW {image}
Order cancelled, D leg synmmetry too long and drawn out.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,211
  • Edited 4:34am May 10, 2017 4:21am | Edited 4:34am
Looking at USDJPY 15m for a potential bull trap
Attached Image (click to enlarge)
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Interesting article from Thomas Bulkowski about WW (look at table 2): http://thepatternsite.com/WolfeWaveBull.html

GBPUSD 2H, I'm looking at this carefully (PA confirmation) because the move is not clean (leg)
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GU Daily
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the 3rd wave is the crowd's wave
  • #1,212
  • May 10, 2017 4:33am May 10, 2017 4:33am
Quoting Expo33
{quote} I don't see any WW in there. I'm confused as to what you were trading
any special rules for BC? I see BC is too short.
No one wants to be defeated~
  • #1,213
  • May 10, 2017 5:00am May 10, 2017 5:00am
AUDUSD 1H CWW Chart:
Shows Potential?
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 170510 1H [1] CWW.png Size: 182 KB
Wait, or you will be slaughtered!
  • #1,214
  • Edited 5:46am May 10, 2017 5:23am | Edited 5:46am
I've seen some examples by Bill Wolfe where the X point is something like this:
AUDCAD 15m
Attached Image (click to enlarge)
Click to Enlarge Name: audcad 15m.png Size: 71 KB


Ignoring the not so good symmetry, what do you think about these?
Is it forcing a WW on a chart or maybe some sort of "secret" explained only in his course?

Attached Image

Attached Image

Attached Image
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Quiz:
Quoting Bill Wolfe
Can you see the Wolfe Wave? Probably not if you have not taken my course. 14 ES points, bottom to close. This is a Natural Rhythm. Mother Nature does not lie. I have been teaching this for almost 25 years.
Attached Image (click to enlarge)
Click to Enlarge Name: index1.jpg Size: 70 KB


How I see it, 2 possibilities:
Attached Image (click to enlarge)
Click to Enlarge Name: fOSSQEPcWW.png Size: 364 KB

Attached Image (click to enlarge)
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the 3rd wave is the crowd's wave
  • #1,215
  • May 10, 2017 6:49am May 10, 2017 6:49am
Quoting juriFX
I've seen some examples by Bill Wolfe where the X point is something like this: AUDCAD 15m {image} Ignoring the not so good symmetry, what do you think about these? Is it forcing a WW on a chart or maybe some sort of "secret" explained only in his course? {image} {image} {image}{image} Quiz: {quote} {image} How I see it, 2 possibilities: {image} {image}
are those pic of PWW? I see XB-AC are not converging.
No one wants to be defeated~
  • #1,216
  • May 10, 2017 9:00am May 10, 2017 9:00am
Quoting jonirrenicus
{quote} are those pic of PWW? I see XB-AC are not converging.
those are example charts by Bill Wolfe, as far as I can see it, they are all converging, am I missing something?
the 3rd wave is the crowd's wave
  • #1,217
  • May 10, 2017 11:01am May 10, 2017 11:01am
Quoting juriFX
I've seen some examples by Bill Wolfe where the X point is something like this: AUDCAD 15m {image} ...
to the pip reversal (AB=CD completion)
Attached Image (click to enlarge)
Click to Enlarge Name: audcad 15m.png Size: 68 KB


maybe there are some advantages in using non so obvious X points, something to investigate further...
the 3rd wave is the crowd's wave
  • #1,218
  • May 10, 2017 11:40am May 10, 2017 11:40am
Quoting juriFX
{quote} to the pip reversal (AB=CD completion) {image} maybe there are some advantages in using non so obvious X points, something to investigate further...
No, that is not a clear X point. You are just finding working examples of the X point. Sorry to be harsh but this is forcing the trade to happen. It is quite clear the price dropped from above. Even if you drop down to 5minute charts, it's also very unclear.

But not to blame you because i've seen examples of this from bill wolve himself.

Look at the first two SP chart you posted, he was just forcing the X to happen. There was no clear high and low for those two charts.

In fact, if you look at this S&P chart posted, isn't the X/1 should be higher?
Attached Image
  • #1,219
  • May 10, 2017 12:20pm May 10, 2017 12:20pm
I completely agree with you on how it should be, I'm just wondering why he does this , Bill Wolfe must be knowing what he is doing
Most of the examples from his book or website have weird X points.
This is what he writes about the easiest way to find the starting x (1) point
Attached Image (click to enlarge)
Click to Enlarge Name: 1p.png Size: 272 KB
the 3rd wave is the crowd's wave
  • #1,220
  • May 10, 2017 1:03pm May 10, 2017 1:03pm
XAUUSD 15M Chart:
I'm looking for a Higher Low,
to signal a trend reversal [to Long].
From a wave count perspective,
it needs one more low to complete a wave ii correction.
This would take it into the green 'sweet zone'.
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 170510 15M [1] CWW.png Size: 201 KB
Wait, or you will be slaughtered!
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