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Wolfe Waves - Get in the Zone

  • #1,241
  • Edited 6:10am May 11, 2017 5:36am | Edited 6:10am
Quoting Expo33
Live action. A bit of a WW scalp EUR/GBP 30MIN CWW {image}
Took 15 pips on average and closed out all positions. Good enough for a little scalp and out before GBP rate hike news
Pride always comes before destruction.... -Proverbs 16:18
  • #1,242
  • May 11, 2017 5:53am May 11, 2017 5:53am
Hopefully price will drift down to the over extended confluential "kill zone" where I'll be waiting.

EUR/AUD 15MIN CWW
Attached Image (click to enlarge)
Click to Enlarge Name: ea.png Size: 98 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,243
  • May 11, 2017 6:05am May 11, 2017 6:05am
GBPCAD 1H
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD 1H.PNG Size: 45 KB
Human beings are members of a whole, In creation of one essence and sol.
  • #1,244
  • Edited 6:35am May 11, 2017 6:15am | Edited 6:35am
Quoting MrRijk
GBPCAD 1H {image}
Hi mate.

You're "X" point is in the wrong place. Based on that point, then line XB and AC are diverging. To be a valid Wolfe wave those two lines need to be converging.

It might not seem like much of a difference, but it really is. For one, the valid wave that I posted below has the "D" point about 10 pips lower than yours. As a result, any fibo analysis or any other confluence analysis may not be valid or consistent within the parameters of Wolfe wave theory. Keep practicing and posting my friend and it will become very natural and easy

Also, this is where Parviz' indicator is so useful. Just put it on the chart, fiddle with the zig zag setting and BOOM, there is the valid wave

See below where the starting point "X" should be

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gcad.png Size: 64 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,245
  • May 11, 2017 6:26am May 11, 2017 6:26am
Today is a classic example of a day where the market as a whole seems to be in a harmonic flow. Almost every pair I pull up and look at has a WW nearing completion or a valid wave heading towards the target line.

These are the type of days that can "make the month" if you are prepared in advance with good risk management in place
Pride always comes before destruction.... -Proverbs 16:18
  • #1,246
  • May 11, 2017 6:29am May 11, 2017 6:29am
Quoting Expo33
{quote} Hi mate. You're "X" point is in the wrong place. Based on that point, then line XB and AC are diverging. To be a valid Wolfe wave those two lines need to be converging. See here where the starting point "X" should be It might not seem like much of a difference, but it really is. For one, the valid wave that I posted has the "D" point about 10 pips lower than yours. As a result, any fibo analysis or any other confluence analysis may not be valid or consistent within the parameters of Wolfe wave theory. Keep practicing and posting my friend...
Hi Kurt;
Thank you so much for taking the time and your guidance , I really appreciate it a lot.
God bless you mate. Cheers Rees
Human beings are members of a whole, In creation of one essence and sol.
  • #1,247
  • May 11, 2017 6:34am May 11, 2017 6:34am
Quoting MrRijk
{quote} Hi Kurt; Thank you so much for taking the time and your guidance , I really appreciate it a lot. God bless you mate. Cheers Rees
You're welcome Rees, it's my pleasure.

This is the first night I've had some real screen time, just made way too many commitments outside the home. It's nice to be able to focus on the thread and to be able to take advantage of some really good trading opportunities
Pride always comes before destruction.... -Proverbs 16:18
  • #1,248
  • May 11, 2017 6:36am May 11, 2017 6:36am
It should be correct now, isn't it? Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD 1H.PNG Size: 46 KB
Human beings are members of a whole, In creation of one essence and sol.
  • #1,249
  • May 11, 2017 6:52am May 11, 2017 6:52am
Quoting MrRijk
It should be correct now, isn't it? Thanks {image}
Bingo, that's it
Pride always comes before destruction.... -Proverbs 16:18
  • #1,250
  • May 11, 2017 6:57am May 11, 2017 6:57am
Quoting juriFX
{quote} USDJPY 15m {image} Moved to BE as price is having some trouble {image}
USDJPY 15m, closed
Attached Image (click to enlarge)
Click to Enlarge Name: uj 15m tp.png Size: 25 KB
the 3rd wave is the crowd's wave
  • #1,251
  • May 11, 2017 7:08am May 11, 2017 7:08am
Quoting juriFX
{quote} USDJPY 15m, closed {image}
Nice trade Juri
Pride always comes before destruction.... -Proverbs 16:18
  • #1,252
  • Edited 7:35am May 11, 2017 7:23am | Edited 7:35am
Time for some rest. Have this one set, maybe it will get filled on a good PPI print coming up in a few minutes.

EDIT: US PPI AND UNEMPLOYMENT BOTH GREEN PRINTS. LOOKS LIKE WE MAY HAVE A SHOT AT GETTING THIS ONE FILLED

USD/CAD 1H CWW
Attached Image (click to enlarge)
Click to Enlarge Name: ucad1h.png Size: 80 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,253
  • May 11, 2017 7:31am May 11, 2017 7:31am
Quoting Expo33
Hopefully price will drift down to the over extended confluential "kill zone" where I'll be waiting. EUR/AUD 15MIN CWW {image}
Wow, we had a 30 pip surge down. Looks like some SLs were taken out, but and immediate 20 pin bar ensued. Seems there was some good demand down towards 147.

Order filled and a good example of being prepared and having our stops in the right place. Survived the initial onslaught, now we see if the market will re-balance itself

That's all for me tonight. Green pips around!

EUR/AUD 15MIN CWW ORDER FILLED
Attached Image (click to enlarge)
Click to Enlarge Name: ea15.png Size: 77 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,254
  • May 11, 2017 9:25am May 11, 2017 9:25am
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} 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...
Thanks Juri,
Agree, it's good to see the wicks.
Wait, or you will be slaughtered!
  • #1,255
  • May 11, 2017 4:37pm May 11, 2017 4:37pm
Quoting Expo33
{quote} Wow, we had a 30 pip surge down. Looks like some SLs were taken out, but and immediate 20 pin bar ensued. Seems there was some good demand down towards 147. Order filled and a good example of being prepared and having our stops in the right place. Survived the initial onslaught, now we see if the market will re-balance itself That's all for me tonight. Green pips around! EUR/AUD 15MIN CWW ORDER FILLED {image}
Wow. Nothing like waking up to see you missed your TP by ONE PIP only to be right back at the starting line
Attached Image (click to enlarge)
Click to Enlarge Name: ea15.png Size: 94 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,256
  • May 11, 2017 4:40pm May 11, 2017 4:40pm
Quoting Expo33
Time for some rest. Have this one set, maybe it will get filled on a good PPI print coming up in a few minutes. EDIT: US PPI AND UNEMPLOYMENT BOTH GREEN PRINTS. LOOKS LIKE WE MAY HAVE A SHOT AT GETTING THIS ONE FILLED USD/CAD 1H CWW {image}
Got 3 out of 4 positions filled and then an 80 pip plummet which reached all three TPs. Instant gratification. If only every trade went this well.
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.png Size: 71 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,257
  • May 11, 2017 4:53pm May 11, 2017 4:53pm
Quoting MrRijk
It should be correct now, isn't it? Thanks {image}
Hi Rees,

I hope you ended up taking this trade as the AB=CD candle and price symmetry was near perfection. Price bounced precisely at the 127FIB which is right at AB=CD. Now price has moved 40 pips into the green. And that's all I'm we're really looking for in many of these trades; a bounce in price which gives us the opportunity to take some profits, move the rest of the position to BE and then let it run if desired.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gcad.png Size: 99 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #1,258
  • May 11, 2017 8:41pm May 11, 2017 8:41pm
Expo33,

Great thread with important information. Keep it up.
BTW, which is the latest and stable version of WW finder?

Best of Luck...


Regards
piptakers
  • #1,259
  • Edited 10:01pm May 11, 2017 9:42pm | Edited 10:01pm
Quoting piptakers
Expo33, Great thread with important information. Keep it up. BTW, which is the latest and stable version of WW finder? Best of Luck... Regards piptakers
The latest stable versions of parvizCww indicator are 3, each with different characteristics:

1)version 8.5: Is a manual one, you click the button and select which depth and either complete or potential CWW is what you want.

2)version 9.6: Is automated one, it looks for all possible combination and when it finds them draw a button for each so that you may select which one you are interested in, and it shows you its characteristics. In this version when the indicator find all the possible patterns, it stops and does look for them only once, if you want to see the latest ones press "Search Again" button .(indicator does not repaint)

3)version 9.6.1: Basically is the same as 9.6, except that, it does not stop searching after finding CWW, and always look for new ones as they are developing and thus "Repaint", if you want to halt the program, by clicking button for any pattern, program stop searching and so you can examine the selected pattern as long as you want, without losing it, if it find a new pattern. By clicking "Search Again" button,you may restart the indicator again.(this version uses a lot of the CPU time,since it is always running and doing a lot of calculations .)

I ask kurt ,if it is possible ,to put all these versions in the first post, plus this explanation to help all the users.
  • #1,260
  • May 11, 2017 10:51pm May 11, 2017 10:51pm
Quoting parviz1953
{quote} The latest stable versions of parvizCww indicator are 3, each with different characteristics: 1)version 8.5: Is a manual one, you click the button and select which depth and either complete or potential CWW is what you want. 2)version 9.6: Is automated one, it looks for all possible combination and when it finds them draw a button for each so that you may select which one you are interested in, and it shows you its characteristics. In this version when the indicator find all the possible patterns, it stops and does look for them only once,...
Yes, I definitely will put all 3 on the first post. I think I may have reached the limit for uploads on post#1 but I can reorganize to make it work.

I have 8.5 still but I want to make sure I have the right ones for 9.6 and 9.6.1. Are they the ones posted on post #1205? If not can you post them here so I can put them all together on post #1

Thanks mate. Great idea. This will give everyone an option that suits there needs

Cheers
Pride always comes before destruction.... -Proverbs 16:18
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