The structure looks good, but I'm a little concerned about the massive bull candle coming into the pattern. Chris Lori (another guru) maintains that this is considered a gap in forex and the gap will be filled. We'll see who is right. I vote for the ...

A new look at Wolf Waves

I wanted to discuss rules, discretion, subjectivity etc. What do you do when you are not sure whether a pattern qualifies as a technical Wolfe Wave? I am not a great one for adhering strictly to the rules (if you know what they are). Someone ...

A new look at Wolf Waves

It was a good trade though and would have been perfect with a little earlier (higher) entry or no BE. Nice to see it went to TP.

A new look at Wolf Waves

Sorry, I didn't answer the second part of your question. Yes, you should have been in already. It's looking good so far - +30 pips or so since you posted. I would probably have taken profit 1 or maybe moved to break even (if that is your style) by ...

A new look at Wolf Waves

It looks valid to me. It would be nice if point 5 penetrated line 1-3 in order to give you a chance to enter when price comes down across 1-3 and then give a tight stop loss. I guess we'll see.

A new look at Wolf Waves

I was thinking about this - it's why I called it extreme. I haven't come across any rule about this, and one web site even said that "you never know when price will return to line 1-3". This is where discretion comes in. I probably wouldn't let it ...

A new look at Wolf Waves

Welcome Masilva, I see you are in Mexico, must be close to the same time zone. I'm in PST on the west coast of Canada. If you catch any Wolfe Waves that I miss, please post if they are approaching or hit point 5. If you are not sure, post anyway ...

A new look at Wolf Waves

Another one (that I missed) that triggered yesterday afternoon and hit it's target today for 90 pips or so. image

A new look at Wolf Waves

Obviously, on this last example, I wouldn't have put profit one target on line 2-4, but rather half way to the final profit target.

A new look at Wolf Waves

Welcome JohnnyR I am constantly amazed at how they work (even my off beat Coyote waves). They tend to be counter intuitive, i.e often going against the trend like my trade last night. I still don't know all the nuances, or if they are important. ...

A new look at Wolf Waves

Well that was easy! The trade triggered when I was sleeping and completed after I got up this morning. It came just short of the final target, and I closed it out for a 65 pip profit when it started retracing. The run was actually 73 pips. image

A new look at Wolf Waves

I put a pending order on the above potential trigger to show where I place the TP, SL, etc. As you can see, I put TP1 on the other side of the channel (wedge) and the second at the true profit target. image

A new look at Wolf Waves

Been busy trading and working on another strategy. I was hoping to get a bit more participation in this thread, but I guess the interest is not there. Maybe Bill Wolfe intimidates students to his course. He states on the web site that students are ...

A new look at Wolf Waves

I think you have summed it up nicely. This is a dose of reality for every trader or wanna be trader.

Trading is Extremly hard!

This one just completed a couple of minutes ago image

A new look at Wolf Waves

Since Wolfe Waves were originally designed for indexes (specifically the S&P) I thought I would throw in one for the DOW triggered on Feb 11 if it qualifies as a WW image That was a move of 818 points. Think what you could have made on cheap call ...

A new look at Wolf Waves

Hot Damn! Right to the pip again (From chart above) image

A new look at Wolf Waves

Another 5 minute happening now image

A new look at Wolf Waves

Here's another one on a 15 minute chart from last night. I didn't trade this one as it triggered in the middle of the night (my time). Perhaps Gn could tell us if it's within the rules. image

A new look at Wolf Waves

But a flag pattern doesn't break back down from point 5 like my Coyote pattern does. Seriously, I knew it didn't quite comply, but I loved the way it hit the profit target to the pip. It's after 1:00am here and I'll say good night

A new look at Wolf Waves