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Wolfe Waves - Get in the Zone

  • #1,221
  • May 10, 2017 3:03pm May 10, 2017 3:03pm
EURUSD 6H Chart [Renko]:
Could be a nice Short Trade on a pull back [wave ii].
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 170510 6H [1].png Size: 90 KB
Wait, or you will be slaughtered!
  • #1,222
  • May 10, 2017 4:11pm May 10, 2017 4:11pm
Quoting Uturn2
EURUSD 6H Chart [Renko]: Could be a nice Short Trade on a pull back [wave ii]. Cheers, U2 {image}
I love using Renko. What's your brick size here?
Pride always comes before destruction.... -Proverbs 16:18
  • #1,223
  • May 10, 2017 5:53pm May 10, 2017 5:53pm
Quoting CrocodileRex
{quote} 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...
X1 is the higher point. but it will make 2 lines not converging.
No one wants to be defeated~
  • #1,224
  • May 10, 2017 6:07pm May 10, 2017 6:07pm
Quoting jonirrenicus
{quote} any special rules for BC? I see BC is too short.
I just can't see where the pattern is that your posting so I can't really comment
Pride always comes before destruction.... -Proverbs 16:18
  • #1,225
  • May 10, 2017 6:11pm May 10, 2017 6:11pm
lose...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 364 KB


winner...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 411 KB


I still have some questions....

Is this a valid WW?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 16 KB
No one wants to be defeated~
  • #1,226
  • May 10, 2017 6:27pm May 10, 2017 6:27pm
Quoting jonirrenicus
lose... {image} winner... {image} I still have some questions.... Is this a valid WW? {image}
No it's not. Point B needs to make a lower low from point X.

Also, The first chart you posted shouldn't be a "lose" because the wave was invalidated at point C

Post #1 diagram:
Attached Image (click to enlarge)
Click to Enlarge Name: wolfe wave diagram.png Size: 30 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,227
  • Edited May 11, 2017 5:35am May 10, 2017 6:40pm | Edited May 11, 2017 5:35am
Not pretty but a winner nonetheless.

Price only declined about 10 pips below AB=CD then ultimately reversed back 80 pips or so exactly to the pip to the target line

EUR/GBP 1H CWW
Attached Image (click to enlarge)
Click to Enlarge Name: ecad.png Size: 67 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,228
  • May 10, 2017 10:18pm May 10, 2017 10:18pm
Quoting Expo33
{quote} No it's not. Point B needs to make a lower low from point X. Also, The first chart you posted shouldn't be a "lose" because the wave was invalidated at point C Post #1 diagram: {image}
Thanks again! All my problems were solved!
No one wants to be defeated~
  • #1,229
  • May 11, 2017 1:49am May 11, 2017 1:49am
Quoting Expo33
{quote} I love using Renko. What's your brick size here?
25 pips [0.0025]
Yes, it smooths out the bumps....
Wait, or you will be slaughtered!
  • #1,230
  • Edited 2:56am May 11, 2017 2:28am | Edited 2:56am
Quoting Uturn2
{quote} 25 pips [0.0025] Yes, it smooths out the bumps....
Thanks mate. May I ask what platform you are using?

I was messing around with some Renko charts last week but when you have many Renko charts up on meta4 it can get bogged down and really slow.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,231
  • May 11, 2017 2:57am May 11, 2017 2:57am
EUR/USD CWW - RENKO 7 PIP BRICKS
Attached Image (click to enlarge)
Click to Enlarge Name: eurorenko.png Size: 60 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,232
  • May 11, 2017 3:15am May 11, 2017 3:15am
Quoting Expo33
{quote} Thanks mate. May I ask what platform you are using? I was messing around with some Renko charts last week but when you have many Renko charts up on meta4 it can get bogged down and really slow.
I use ProRealTime charts.
Would you show me how to get Renko on MT4.
I know it's a bit tricky.
[Only when you have some free time mate]
Cheers, U2
Wait, or you will be slaughtered!
  • #1,233
  • May 11, 2017 3:53am May 11, 2017 3:53am
Open M1
open indi (see pic.)
Use TF M2, size box renko =7, start price=1.08
open offline chart M2

use indi WW
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM2.png Size: 76 KB
Click to Enlarge Name: renko.png Size: 42 KB
Attached File(s)
File Type: ex4 ! MTH Renko Chart Builder Indi Ver 01 (1).ex4   13 KB | 509 downloads
  • #1,234
  • May 11, 2017 3:56am May 11, 2017 3:56am
Live action. A bit of a WW scalp

EUR/GBP 30MIN CWW
Attached Image (click to enlarge)
Click to Enlarge Name: eg30.png Size: 82 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,235
  • May 11, 2017 4:12am May 11, 2017 4:12am
Uh oh could be Renkomania!!

If you play around with the brick size and extdepth, waves appear everywhere.

EUR/USD CWW - RENKO 7 PIP BRICKS
Attached Image (click to enlarge)
Click to Enlarge Name: EXT3333.png Size: 71 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,236
  • May 11, 2017 4:18am May 11, 2017 4:18am
Quoting poruchik
Open M1 open indi (see pic.) Use TF M2, size box renko =7, start price=1.08 open offline chart M2 use indi WW {file} {image} {image}
Thank you p!
I'll give it a shot....
Wait, or you will be slaughtered!
  • #1,237
  • Edited 5:32am May 11, 2017 5:07am | Edited 5:32am
Quoting poruchik
Open M1 open indi (see pic.) Use TF M2, size box renko =7, start price=1.08 open offline chart M2 use indi WW {file} {image} {image}
Dropped the indy in Expert Advisers but it doesn't open?
I've reloaded mt4.
Have fresh eurusd chart.
EDIT: Thanks, got it working.
Wait, or you will be slaughtered!
  • #1,238
  • Edited 5:34am May 11, 2017 5:14am | Edited 5:34am
Quoting juriFX
Looking at USDJPY 15m for a potential bull trap {image}
USDJPY 15m
Attached Image (click to enlarge)
Click to Enlarge Name: uj entry 15m.png Size: 61 KB


Moved to BE as price is having some trouble
Attached Image (click to enlarge)
Click to Enlarge Name: uj 15m be.png Size: 28 KB
the 3rd wave is the crowd's wave
  • #1,239
  • May 11, 2017 5:29am May 11, 2017 5:29am
Quoting Expo33
EUR/USD CWW - RENKO 7 PIP BRICKS {image}
Interesting idea using Renko, have to check this out

But don't forget the wicks, important piece of information, especially for the sweet zone, this Renko EA shows also the wicks:
Attached Image (click to enlarge)
Click to Enlarge Name: renko wicks.png Size: 26 KB


Attached File(s)
File Type: mq4 renkolivecharts_pimped_v4_13.mq4   20 KB | 654 downloads


How to set up:
1. Drop the EA file in the "mql4/Experts" folder
2. Start MT4, open a 1m chart of any pair (example EURUSD)
3. Drag and drop the renko EA from the expert list on the EURUSD 1m chart
4. A text note should appears saying something like "open offline chart M2 EURUSD"
5. File -> Open offline chart -> select the time frame as shown by the EA (EURUSD M2)
the 3rd wave is the crowd's wave
  • #1,240
  • May 11, 2017 5:32am May 11, 2017 5:32am
Quoting juriFX
{quote} Interesting idea using Renko, have to check this out But don't forget the wicks, important piece of information, especially for the sweet zone, this Renko EA shows also the wicks: {image} {file}
I also have the pimped version and sometimes set wicks to false. Problem for me is my meta4 platform always seems to freeze up when I'm using Renko and my computer is fairly new
Pride always comes before destruction.... -Proverbs 16:18
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