KISS like McGrath

[moto143]

Thank You Ajax!

I was looking around for more stocks which might be exhibiting the WW pattern...WW is so interesting..I'm attaching another chart and i feel this is Bearish wolfe wave in action..Need your views on this to confirm.

 

[Smart_trade]

Thank You Ajax!

I was looking around for more stocks which might be exhibiting the WW pattern...WW is so interesting..I'm attaching another chart and i feel this is Bearish wolfe wave in action..Need your views on this to confirm.

Not a Wolfe wave....5th overshooting too much....no symetry in 2nd and 4th wave......This could be anything but bearish wolfe.....:lol:

Smart_trade

 

[Ajax]

Thank You Ajax!

I was looking around for more stocks which might be exhibiting the WW pattern...WW is so interesting..I'm attaching another chart and i feel this is Bearish wolfe wave in action..Need your views on this to confirm.

ST da already answered.

Every thing yellow is not gold...
Every stammerer cant be Shah Rukh Khan

Every w or m looking pattern is not wolf.

When ever u spot such w or m or bow like pattern
Download them. Draw points a b c d e
Rigidly calculate ratios (given in wolf ppt file-- scroll up to find)
See symmetry of waves... Then draw your conclusions.

Do it on 100s of patterns. Then u will know automatically
differentiate between chalk & cheese. :thumb:

 

[Smart_trade]

Wolfe wave is nothing but a Terminal Impulse as defined in "Elliott Wave Theory" Neely version or 'Diagonal Triangle' as per Prechter version. One can perfect the identifiaction by following the rules given in both the above versions......

Just adding a clue to help correct identification of Wolfe waves....The rules one has to take efforts and learn these methods to find out.

Best Wishes,

Smart_trade

 

[Ajax]

Wolfe wave is nothing but a Terminal Impulse as defined in "Elliott Wave Theory" Neely version or 'Diagonal Triangle' as per Prechter version. One can perfect the identifiaction by following the rules given in both the above versions......

Just adding a clue to help correct identification of Wolfe waves....The rules one has to take efforts and learn these methods to find out.

Best Wishes,

Smart_trade

Bill Wolf dis-agrees. He specifically mentions - not to confuse wolf waves
with Elliot principle.

But whats in definition.. If it meets criteria. We jump in. (risk/reward ratio
is mouth watering). If it moves our way... we gain big.
And importantly, most importantly, if it does not then we have a
small stop loss to protect ourseves. :thumb:

Typically.. wolf gives RR of say 1:4
We can afford to have 4 wrong trades which is then covered by 1 winner.

And believe you me, correctly identified wolf does not go wrong that many times. :rofl:

Will post a few charts shortly.......

 

[Ajax]

Wolf waves occur in all time frames.

NF 1 min

Wolf waves occur in all time frames
NF 5m

Wolf waves occur in all time frames
NF 15m

Wolf waves occur in all time frames
NF daily bullish

 

[Ajax]

Wolf waves occur in all time frames
NF daily bearish

Wolf waves occur in all time frames
NF weekly

Wolf waves occur in all time frames
Cent Textiles Monthly

 

[Smart_trade]

Very informative charts...Ajax...thanks for your efforts....one more tool in my trading tool box....already I am accused of using different methodologies:lol:but dont care 2 hoots for these accusers....they are doing their jobs they are only good at....

Smart_trade

 

[Ajax]

Very informative charts...Ajax...thanks for your efforts....one more tool in my trading tool box....already I am accused of using different methodologies:lol:but dont care 2 hoots for these accusers....they are doing their jobs they are only good at....

Smart_trade

:thumb:

 

[beethoven]

Very informative charts...Ajax...thanks for your efforts....one more tool in my trading tool box....already I am accused of using different methodologies:lol:but dont care 2 hoots for these accusers....they are doing their jobs they are only good at....

Smart_trade

ST,

WWs work. I have started trading them. If you can spot them while in the making then it is a gold mine. Intraday -- keep switching to 1 min TF and see if a possible WW is forming (also flash to 2, 3 and 5 min TF for better clarity and reduction of noise). With practice you can catch them early enough and a trader of your calibre should not have any difficulty. They take surprising amount of tolerance (i.e., you do not have to hunt for perfect symmetry -- an eye estimate in good enough for 1 min TF bars) and the stop loss is not very far away.

Thanks to Ajax for introducing us to wolves

Bee