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Wolfe Waves - Get in the Zone

  • #1,341
  • May 17, 2017 12:19pm May 17, 2017 12:19pm
Quoting siawling
{quote} Hi... Kurt I missed only 5pips to reach TP ( D wave) and stopped by TS+. By the way, the price almost enter in SWEET AREA just touch the line, and then completed the E (Wolfe Wave) {image}
I'm glad you got some green pips.

I'm always hesitant to have any open trades involving the Canadian dollar before the US inventory numbers come out. It doesn't really matter what system you're trading if oil surges $1 in price in 5 minutes, it's going to be bye bye all CAD bears the second the inventory print hits the wires

US OIL
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,342
  • May 17, 2017 12:53pm May 17, 2017 12:53pm
Quoting salamanda74
{quote} Hey Expo, I'm no expert in Quasimodo patterns and I hadn't even heard of them until your post on Sunday evening. Please correct me if I'm wrong but I'm not sure that I can see that it has been correctly implemented in your diagram. As I understand it, there has to be a new extreme in price as the first point in the pattern and I don't think the small bull-leg really qualifies as a bull trend or a new extreme in price (?) http://www.profitf.com/articles/fore...ver-and-under/ Apologies if I'm talking...
A little off topic, but I think this one fits the definition. A localized extreme low was made.

USD/JPY POTENTIAL BULLISH DAILY QUASIMODO
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,343
  • May 17, 2017 7:35pm May 17, 2017 7:35pm
I couldn't resist this WW on a 5 minute time frame! Missed first TP by a whisker.

GBP/USD 5MIN CWW
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,344
  • May 17, 2017 8:55pm May 17, 2017 8:55pm
A successful losing trade for CWW
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No one wants to be defeated~
  • #1,345
  • May 17, 2017 9:59pm May 17, 2017 9:59pm
Tracking..........

USD/JPY 15MIN CWW
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,346
  • May 18, 2017 1:27am May 18, 2017 1:27am
Quoting Expo33
Tracking.......... USD/JPY 15MIN CWW {image}
Entry price modification.

As the D leg takes more and more time to reach the completion price, it loses it's symmetry. On the other hand it may be accumulating a little bit. Maybe gathering a little extra momentum. As such, I have adjusted the scale in zone to a higher price, a zone that also fits better into the Gann fan structure. Remember, the Gann fan also models "time" and in this case the D leg is taking more "time" so I'm trying to keep the symmetry with time by adjusting the scale in zone. This may not make much sense. Still a work in progress.....

USD/JPY 15MIN CWW - UPDATED SCALE IN ZONE
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Pride always comes before destruction.... -Proverbs 16:18
  • #1,347
  • May 18, 2017 1:48am May 18, 2017 1:48am
Quoting Expo33
{quote} A little off topic, but I think this one fits the definition. A localized extreme low was made. USD/JPY POTENTIAL BULLISH DAILY QUASIMODO {image}
Hi... Kurt
I'm agree with you, USDJPY daily chart has 3 potential :1. QUASIMODO, 2. HEAD & SHOULDER pattern, and 3. AB=CD pattern.
I've long it with stop if price break the red line to invalidate the structure.
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  • #1,348
  • May 18, 2017 2:29am May 18, 2017 2:29am
Quoting siawling
{quote} Hi... Kurt I'm agree with you, USDJPY daily chart has 3 potential :1. QUASIMODO, 2. HEAD & SHOULDER pattern, and 3. AB=CD pattern. I've long it with stop if price break the red line to invalidate the structure. {image}
I've noticed you're trading the patterns before they complete. I hope you will make green pips that way but I prefer to trade when the patterns are complete
Pride always comes before destruction.... -Proverbs 16:18
  • #1,349
  • May 18, 2017 2:32am May 18, 2017 2:32am
Quoting Expo33
{quote} Entry price modification. As the D leg takes more and more time to reach the completion price, it loses it's symmetry. On the other hand it may be accumulating a little bit. Maybe gathering a little extra momentum. As such, I have adjusted the scale in zone to a higher price, a zone that also fits better into the Gann fan structure. Remember, the Gann fan also models "time" and in this case the D leg is taking more "time" so I'm trying to keep the symmetry with time by adjusting the scale in zone. This may not make much sense. Still a work...
UJ sells off pips so trade is into the scrap heap. Turns out my original zone would have filled 3 out of the 5 positions for nice 30+ pip gain.

Note to self: stop making things so complicated!!
Pride always comes before destruction.... -Proverbs 16:18
  • #1,350
  • May 18, 2017 3:30am May 18, 2017 3:30am
Hi Kurt and All, USDJPY 15 min in green pips already moved my Sl to Be. let see what happen next. Cheers Rees
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Human beings are members of a whole, In creation of one essence and sol.
  • #1,351
  • May 18, 2017 3:33am May 18, 2017 3:33am
Quoting MrRijk
Hi Kurt and All, USDJPY 15 min in green pips already moved my Sl to Be. let see what happen next. Cheers Rees {image}
Well done Rees. Stress free and pipalicious!
Pride always comes before destruction.... -Proverbs 16:18
  • #1,352
  • May 18, 2017 3:38am May 18, 2017 3:38am
Quoting jonirrenicus
A successful losing trade for CWW {image}
What was the WW you were trading?
The only one I could find was the following one and doesn't look not well structured:
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the 3rd wave is the crowd's wave
  • #1,353
  • May 18, 2017 4:33am May 18, 2017 4:33am
Quoting juriFX
{quote} What was the WW you were trading? The only one I could find was the following one and doesn't look not well structured: {image}
forgot it, it was my mistake... B is higher than X....i had 4 bottle of bear yesterday...
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No one wants to be defeated~
  • #1,354
  • May 18, 2017 4:36am May 18, 2017 4:36am
try this one... petty good
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No one wants to be defeated~
  • #1,355
  • May 18, 2017 4:38am May 18, 2017 4:38am
USDJPY is heading back to its fresh lows between 108/109...
EURUSD dare i say is becoming a new haven like GOLD and we could possibly see this head towards 1.13 and 1.15 in extension before seeing a minor 38.2% correction just in order for it to continue to go up... too many retail are short this pair and playing it short thinking GAP will close.. this is not always the case, we can have a runaway gap, i am cautious this pair and prefer the play on JPY crosses and GOLD.... so basically buy into safe havens... just my 2 cents.

GOLD leads the way, and the way i see it there is no reason why GOLD cannot continue north, next targets are: 1264/1279 and possibly retest of 1300

GBPJPY hit my TP targets... and those who recall my post i did mention that after targets were reached it could be a very strong short selling opportunity taking us back from where we came from prior the snap election date that PM May mentioned.
Cheers!!
  • #1,356
  • May 18, 2017 4:56am May 18, 2017 4:56am
Quoting jonirrenicus
{quote} forgot it, it was my mistake... B is higher than X....i had 4 bottle of bear yesterday... {image} {image}
Neither of these are WWs. second one doesn't even come close to converging.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,357
  • May 18, 2017 4:58am May 18, 2017 4:58am
Quoting jonirrenicus
try this one... petty good {image}
Also not a WW. The structure becomes invalid once price forms a lower low after point C was established

I respectfully suggest you go back to post#1 and learn from the start what constitutes a classic Wolfe wave.
Pride always comes before destruction.... -Proverbs 16:18
  • #1,358
  • May 18, 2017 5:23am May 18, 2017 5:23am
Quoting MrRijk
Hi Kurt and All, USDJPY 15 min in green pips already moved my Sl to Be. let see what happen next. Cheers Rees {image}
Hi Kurt; Profit taken thanks again for your guidance. Cheers.
Human beings are members of a whole, In creation of one essence and sol.
  • #1,359
  • May 18, 2017 6:41am May 18, 2017 6:41am
Quoting jonirrenicus
try this one... petty good {image}
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there's one but the C point should be the lower one, again the X point falls under the weird ones, but technically according to B.Wolfe this still qualifies as a WW I think.
the 3rd wave is the crowd's wave
  • #1,360
  • May 18, 2017 6:53am May 18, 2017 6:53am
Quoting juriFX
{quote} {image} there's one but the C point should be the lower one, again the X point falls under the weird ones, but technically according to B.Wolfe this still qualifies as a WW I think.
You got it, hence the need to be able to draw WWs manually as the indicator can't pick this one up regardless of the settings.

Again, the sweet zone reigns supreme as price reverses beautifully.
Pride always comes before destruction.... -Proverbs 16:18
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