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Wolfe Waves - Get in the Zone

  • #1,301
  • May 15, 2017 12:10am May 15, 2017 12:10am
Quoting Expo33
{quote} A follow up to our "ANATOMY OF A TRADE" Indeed, my hope for a dissapointing US data print this morning came true and as a result price dropped right into my fill zone. Three of five positions were filled. Here's the updated look: USD/JPY 30MIN CWW {image} Stripping away the trade levels etc to see the simple concept behind the fill level zone. We can see the initial price drop, then the attempt to bounce, then the second little price wave down to the confluence level. This trade may still be a loser in the end but as a trader I've done my...
Finally got a little momentum upwards here. Again, we got our 30 pips green and all SLs moved to BE. Price now at the next Gann fan line, hopefully we can break through
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,302
  • May 15, 2017 12:14am May 15, 2017 12:14am
Quoting MrRijk
{quote} Hi Kurt, Thank you so much for this useful information. God bless you mate, Cheers
You're welcome Rees.

God bless you brother.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,303
  • May 15, 2017 12:23am May 15, 2017 12:23am
Just thought I'd mention this in case anyone else is experiencing computer lag due to have many charts up at once all with the WW indicator on them.

I have a fairly new computer but still experience lag and freezing and I'm using the 8.5 version. So after I go through my analysis for a particular pair, I just put the 2 triangles on the chart manually. Basically, I just use the WW that is already there from the indicator and superimpose two triangles onto the chart using the triangle drawing tool. Then I just delete the indicator from that chart. Whats left is all of the other filters and the two WW triangles. Now I can move onto another pair and not have to worry about any lag.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,304
  • Edited 2:32am May 15, 2017 2:10am | Edited 2:32am
Quoting Expo33
{quote} As I stated in this post, we can't predict what some large oil producers like Russia/OPEC members might say. Oil spikes about 70 cents on this news giving life to CAD across the board. The structure for my NZD/CAD set up is still valid but may break down. I generally stay away from CAD pairs just for this reason. https://www.forexfactory.com/news.php?do=news&id=664597 No harm no foul, we haven't lost anything, only the time it took to analyze the set up and set the orders EDIT: Structure is now invalid so the trade set up is thrown...
Yes original one was invalidated but a new one is in progress
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Looking at 4H, this is in a good context of a yet to complete HTF WW
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congrats on your latest trades, well done
the 3rd wave is the crowd's wave
  • #1,305
  • May 15, 2017 6:18am May 15, 2017 6:18am
Hello,

It is nice to see when it goes as expected :-)

Best regards

Greger

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  • #1,306
  • May 15, 2017 7:04am May 15, 2017 7:04am
Expo33,

Here goes mine. I don't know whether is perfect or not, but I traded it.
Bought around 1.58600 and sold around 1.59237.
Now waiting for your reply. Trade was with a demo account.

Regards
piptakers
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  • #1,307
  • May 15, 2017 7:51am May 15, 2017 7:51am
EURUSD DLY Chart:
Looking for 600+ pips from this one.
Fairly sure the current rally is a correction wave ii
[and it's topped out on Fib. Projections].
Cheers, U2
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Wait, or you will be slaughtered!
  • #1,308
  • May 15, 2017 9:22am May 15, 2017 9:22am
Quoting juriFX
{quote} Yes original one was invalidated but a new one is in progress {image} Looking at 4H, this is in a good context of a yet to complete HTF WW {image} congrats on your latest trades, well done
Thanks Juri.

I did notice another NCAD wave was developing
Pride always comes before destruction.... -Proverbs 16:18
  • #1,309
  • May 15, 2017 9:23am May 15, 2017 9:23am
Quoting Guran01
Hello, It is nice to see when it goes as expected :-) Best regards Greger {image}
Well done Guran and thanks for posting!
Pride always comes before destruction.... -Proverbs 16:18
  • #1,310
  • May 15, 2017 9:29am May 15, 2017 9:29am
Quoting piptakers
Expo33, Here goes mine. I don't know whether is perfect or not, but I traded it. Bought around 1.58600 and sold around 1.59237. Now waiting for your reply. Trade was with a demo account. Regards piptakers {image}
Hi piptakers. Thank for posting.

It looks like point C has really run north since you posted this but the wave is still valid (just barely still converging)

Good luck!
Pride always comes before destruction.... -Proverbs 16:18
  • #1,311
  • Edited 5:37pm May 15, 2017 4:31pm | Edited 5:37pm
I'm with the same trade running live at my account:
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Good thread Expo33, keep us updated.
"In God we trust."
  • #1,312
  • May 15, 2017 5:28pm May 15, 2017 5:28pm
Quoting renanc93
I'm with the same trade running live at my account: {image} Good thread Expo33, keep us updated.
Well done and thanks for posting.

I can't post a good chart as I'm away from my computer but make note that there is a bearish WW on the hourly that is now in the D leg. AB=CD completion is at 114.02

Something to always be aware of: Waves developing inside waves especially when considering TPs
Pride always comes before destruction.... -Proverbs 16:18
  • #1,313
  • May 15, 2017 5:53pm May 15, 2017 5:53pm
Quoting Expo33
{quote} Well done and thanks for posting. I can't post a good chart as I'm away from my computer but make note that there is a bearish WW on the hourly that is now in the D leg. AB=CD completion is at 114.02 Something to always be aware of: Waves developing inside waves especially when considering TPs
Are you talking about this one?
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"In God we trust."
  • #1,314
  • May 15, 2017 6:30pm May 15, 2017 6:30pm
Quoting renanc93
{quote} Are you talking about this one? {image}
Yes, that's the one
Pride always comes before destruction.... -Proverbs 16:18
  • #1,315
  • May 16, 2017 12:19am May 16, 2017 12:19am
Hi,

I am new follower trying to follow the rules. Is this the correct one? NZD/USD 15 mins

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  • #1,316
  • May 16, 2017 12:49am May 16, 2017 12:49am
Quoting pipstroll
Hi, I am new follower trying to follow the rules. Is this the correct one? NZD/USD 15 mins {image}
Hi pipstroll. Thanks for posting. Love the PVSRA template!

Yes, you have posted a valid Wolfe wave. You said NZD/USD but I'm assuming you meant EUR/NZD.

Just a side note. Always be mindful of any bigger waves in play

HOURLY
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DAILY
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,317
  • May 16, 2017 1:14am May 16, 2017 1:14am
Quoting Expo33
{quote} Hi pipstroll. Thanks for posting. Love the PVSRA template! Yes, you have posted a valid Wolfe wave. You said NZD/USD but I'm assuming you meant EUR/NZD. Just a side note. Always be mindful of any bigger waves in play HOURLY {image} DAILY {image}
Noted.

Thank you for the extra lessons.
  • #1,318
  • May 16, 2017 1:39am May 16, 2017 1:39am
Quoting juriFX
{quote} Yes original one was invalidated but a new one is in progress {image} Looking at 4H, this is in a good context of a yet to complete HTF WW
Looks like it was invalidated, on 30m/15m we have one almost formed in opposite direction.
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In this case, I think it's better to wait for price stalling or some sign of rejection since price is accelerating (strength) into the sweet zone
the 3rd wave is the crowd's wave
  • #1,319
  • May 16, 2017 1:58am May 16, 2017 1:58am
not too bad...
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No one wants to be defeated~
  • #1,320
  • May 16, 2017 2:01am May 16, 2017 2:01am
Quoting Expo33
{quote} Yes, that's the one
AB != CD pls. explain why enter market earier? thanks~
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No one wants to be defeated~
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