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Expo33 replied Mar 4, 2017Hi Jack. I couldn't really give you a success rate as that really depends on the person and their ability to find the best set ups. What I can say is that the WW strategy gives the "edge" that we need to be successful in this business. The 3 drive ...
Wolfe Waves - Get in the Zone
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Expo33 replied Mar 4, 2017It would be helpful if you at least point an "X" on your chart to show where the wave starts. The first GN chart is not a valid WW. I'm not even sure what is going on there. The second EU chart was valid to start but price never reached the XB trend ...
Wolfe Waves - Get in the Zone
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Expo33 replied Mar 4, 2017In order to get better at understanding of what works, it's important to look at what doesn't work. Three reasons NOT to take this trade 1) No symmetry at all 2) No previous S/R confluence 3) AB=CD completion with no FIB confluence Right off the bat ...
Wolfe Waves - Get in the Zone
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Expo33 replied Mar 4, 2017If I understand your first question correctly, I will enter the trade without waiting to see if there is any reversal. I'm assuming in advance, based on the WW structure, AB=CD completion, and the previous S/R that there WILL be a reaction at the ...
Wolfe Waves - Get in the Zone
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Expo33 replied Mar 3, 2017I wouldn't say definitively that WWs are better, but they are certainly less complex. I am a true believer in all harmonic patterns. I just gravitated towards the WWs because of the simplicity. I got tired of being "mediocre" at many things and ...
Wolfe Waves - Get in the Zone
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Expo33 replied Mar 3, 2017Post #1 has been updated with a take profit diagram.
Wolfe Waves - Get in the Zone
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Expo33 replied Mar 3, 2017Remember, we aren't trying to move mountains here, or predict some great shift in sentiment, or predict what some OPEC mouthpiece is going to say or do. All we are doing is preparing the playing field in advance so that when the time comes, we will ...
Wolfe Waves - Get in the Zone
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Expo33 replied Mar 3, 2017The wave is named after the founder of this theory, Bill Wolfe
Wolfe Waves - Get in the Zone
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Expo33 replied Mar 3, 2017Nicely spotted mate! I see the ABCD completion landed right on the 161fib. A SL just below the 200 fib of 10-12 pips would have been more than sufficient, especially on the 15min TF . Bagged 80 pips, now thats a nice RR!!!
Wolfe Waves - Get in the Zone
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Expo33 replied Mar 3, 2017I will be updating the first post later tonight to discuss profit taking strategies. In the meantime feel free to post any set ups or ask any questions that you might have. No question is too infantile, we are all hear to learn from each other.
Wolfe Waves - Get in the Zone
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Expo33 replied Mar 3, 2017Thank you very much. Phase one complete, time for some rest. Have a great weekend!
Wolfe Waves - Get in the Zone
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Expo33 replied Mar 3, 2017This example doesn't exhibit the same symmetry. Price ultimately reversed about 46 pips before AB=CD completion. That's not really too much considering this is on the daily TF. Anyways, we go ahead and map it out. As is often the case the AB=CD ...
Wolfe Waves - Get in the Zone
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Expo33 replied Mar 3, 2017Pictured below is a CWW that exhibits near perfect symmetry. What I mean by that is that AB and CD are nearly the same length in pips. In addition, both legs took exactly 12 candles to complete. That's all fine and dandy, but the problem still ...
Wolfe Waves - Get in the Zone
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Wolfe Waves - Get in the Zone
Started Mar 3, 2017|Trading Systems|2,282 replies
Hello traders and welcome to the wonderful world of Wolfe waves! This thread is meant to be a ...
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Expo33 replied Mar 3, 2017Technically that is a parallel Wolfe wave as XB is basically horizontal. I find them harder to trade because the sweet zone isn't really as defined as in the classic Wolfe wave. In addition the XB move took place in ONE candle while the CD move took ...
A new look at Wolf Waves