I was intrigued by these site: http://www.wolfewave.com/ http://www.forexfactory.com/showthread.php?t=6132, to read some insight into Bill Wolfe's waves, known as Wolfe Waves.
Please google it to get all details, as this thread assumes you understand the concept of WW.
This thread is about open discussions on WW trading style. Please feel free to comment. Much appreciate experts opinions.
Does it really work in fx...this is my journal to decide to accept, or dump the idea of WW.
As a candlestick pattern trader, I found combination of candle reversal patterns leading to the WW patterns, an amazing way to identify wave 5 for a quick profit.
Point of entry is the extension of 1-3 points,
Target is the extension of 1-4 point. Max SL is set to 40pips.
As long as R:R ratio is greater then 1:1, trades are acceptable.
Attached is the EURUSD hourly chart at the end of this Friday...a great sell opportunity during NY sessions which I missed.
Let's see what next week will bring....
Please google it to get all details, as this thread assumes you understand the concept of WW.
This thread is about open discussions on WW trading style. Please feel free to comment. Much appreciate experts opinions.
Does it really work in fx...this is my journal to decide to accept, or dump the idea of WW.
As a candlestick pattern trader, I found combination of candle reversal patterns leading to the WW patterns, an amazing way to identify wave 5 for a quick profit.
Point of entry is the extension of 1-3 points,
Target is the extension of 1-4 point. Max SL is set to 40pips.
As long as R:R ratio is greater then 1:1, trades are acceptable.
Attached is the EURUSD hourly chart at the end of this Friday...a great sell opportunity during NY sessions which I missed.
Let's see what next week will bring....