Am I the only one trading WWs?

A new look at Wolf Waves

wizlon32, I see you are using divergence as part of your arsenal.

A new look at Wolf Waves

You're right, wizlon32: we're all on the same side. I'm looking at gbpusd H4, also. I have to say that I'm having great success with Wolfe Waves: high profit factor and very low DD. As soon as I get some more trades under my belt, I'll post my ...

A new look at Wolf Waves

I play price momentum, once a turning-point has been established. The entire strategy can be boiled down to support/resistance, swing points, and price exhaustion.

A new look at Wolf Waves

Whatever, bro. I base my trading decisions on price action and momentum. For me, the 1-3-5 line is the line in the sand. Sometimes, it's tough for this old dog to learn new tricks!

A new look at Wolf Waves

In your example, which is an ascending wedge, price should respect the 1-3-5 line, which is resistance. It breeched the line, so I don't consider it to be a classic WW.

A new look at Wolf Waves

It's a failed WW, but could still turn into a potential winner. If I saw bearish momentum, I'd be inclined to put in a sell-stop below the 1-3-5 line.

A new look at Wolf Waves

Semafor - the worst repainter of all time.

A new look at Wolf Waves

nzdusd - money in the bank

A new look at Wolf Waves

nzdusd and audusd looking good. Will start trailing tonight.

A new look at Wolf Waves

.8 pips to 10 pips? You gotta be kidding me.

A new look at Wolf Waves

Ascending wedge - looks good. If it reverses just shy of point 5, would you go short?

A new look at Wolf Waves

Looks like a sell to me.

A new look at Wolf Waves

That looks like a mini Wolfe Wave.

A new look at Wolf Waves

I did notice. I trail all my trades, so I was able to take some decent pips off the table. I always leave some "wiggle-room," but if I see a loss in momentum, I tighten the SL and let it stop itself out. There's always another opportunity waiting ...

A new look at Wolf Waves

Nice trade, profitkeeper. I closed out the week six for six. Will be scouting new setups on Sunday. I like D1, but may drop down to H4 or H1, just for a change.

A new look at Wolf Waves

I hope you used a SL to lock in those profits, before it flipped on you.

A new look at Wolf Waves

Taking no prisoners - audjpy, D1. 250 pips already locked in.

A new look at Wolf Waves

Good job, umpats. I'm up 475 pips, and I'm 5 for 5 - all winners.

A new look at Wolf Waves

A nice short trade, as predicted in my prior post(eurusd, D1).

A new look at Wolf Waves