LOL they probably recommended a buy there too.

A new look at Wolf Waves

Sometimes Wolfe Waves will keep you out of a bad trade. I was bored and looked at a well known signal service for stocks. They recommended a buy (at the red arrow). I pulled up the chart and what did I see: Yes a Wolfe Wave! If the Wave fails they ...

A new look at Wolf Waves

Hi ChicagoRob, I just thought I'd mention that your EU daily trade seems to be stuck between the 50 and 62% retracement of the last swing, although you probably noticed. This could mean another leg up. image

A new look at Wolf Waves

Nice try MyxMop, Welcome and thanks for posting. It's good to see trades in progress like that. I think M5 trades are always more unpredictable but if they work - great.

A new look at Wolf Waves

This one hit it's profit target image

A new look at Wolf Waves

Hi Jack and welcome, Yes stops are always a bit subjective when price does not immediately turn after penetrating line 1-5. Your idea is good, but I would like to wait for a white (bullish) candle to close above the line. That does not always help ...

A new look at Wolf Waves

Looks good' but which pair and Time Frame?

A new look at Wolf Waves

Don't usually look at low TF, but a possible WW setting up: image

A new look at Wolf Waves

I don't like trailing stops (which would have worked well last night) so next time I have an overnight trade I might use Scott Carney's method of having profit targets of 38% and 62% of the entire pattern and an ultimate profit target where the ...

A new look at Wolf Waves

Update: The GBP/CAD trade was a bit frustrating for me. After entering, price went sideways for 10 hours, then I went to bed. While I was sleeping, price jumped 160 pips then retraced . This morning, I closed both positions for 46 and 41 pips. image

A new look at Wolf Waves

Possible WW forming image

A new look at Wolf Waves

I found something that may or may not interest you since it is a little off topic: I also trade harmonic patterns - but usually only the Scott Carney "approved patterns" when they are very distinct, however if you look at the non-mainstream patterns ...

A new look at Wolf Waves

Hi ChicagoRob, I am very happy that you have had success with WW. Please feel free to post any promising charts, or even completed ones that we may have missed. I tend to concentrate on the one hour time frame since that is what I am primarily ...

A new look at Wolf Waves

Looks good wizlon. Many thanks for all your posts.

A new look at Wolf Waves

Thanks, I am actually still in that trade with the other 1/2 of my position, but I have moved the stop to .6830. I quite often use 2 brokers for the same trade.

A new look at Wolf Waves

Thanks, Wolfe Waves are not the only thing I trade, but I think I have traded approx. 14 or 15 WW (maybe more). Out of those, I have only had one outright loss and about 5 where I have closed the trade before the ultimate profit target was reached. ...

A new look at Wolf Waves

Update: Took 50% profit for 110pips. image ​

A new look at Wolf Waves

Here is a WW with an interruption between 1 &2. I don't know how it affects the validity. We will see. image I will wait until after Sunday afternoon ( when spreads settle and direction is clear) before I decide on a late entry. I didn't see this ...

A new look at Wolf Waves

Hi teatime, You have the right idea; however both of the charts you posted are more or less horizontal patterns which are technically not wolfe Waves. I looked at these myself earlier and rejected them for this reason. The second chart actually ...

A new look at Wolf Waves

Thanks for the good explanation for umpats, wizlon. I've been slacking off lately because the weather has turned great so I had to be outside. It's well after midnight now so I'll say good night.

A new look at Wolf Waves