KISS like McGrath

[beethoven]

Just trade the wolfe waves. Check it out if it works for you. See if you can make out the wolfe in the making and paper trade it. Then trade it live. If you have the confidence and belief - trade it - risk reward is very much on the positive side and will make you a lot of money.

How and why it works is too academic and going into that will only give intellectual satisfaction but we traders are not after intellectual satisfaction, are we?

Ajax has done a lot of work here to introduce and teach us wolfe waves. Many thanks to him.

Happy Trading

Bee

 

[Ajax]

Ajax sir... Thanks you ....
Its just graphical representation ... Which shows setup /identification of
wolf wave...

My que is not about identification or setup...

Whats its mechanics?? How it works...... Can anyone explain it in price volume action???

(my que may be foolish ... Then leave it continue your work... Dont reply just forget.... Thank you)

Post from another forum

Bearish wolf formation on Nifty Futures 30 min ... interpreted in

terms of MARKET PROFILE.........

Hope this helps

 

[Ajax]

 

[moto143]

Hey Ajax.Check this out...IDBI chart..1 hour TF. Bearish wolfe wave in action eh?

 

[Ajax]

Hey Ajax.Check this out...IDBI chart..1 hour TF. Bearish wolfe wave in action eh?

Good going. :thumb:

 

[moto143]

I guess i should deploy some cash for shorting IDBI 2marrow....

 

[Ajax]

I guess i should deploy some cash for shorting IDBI 2marrow....

Did u make money today...:lol::thumb:

 

[mayavi99]

No idea as to what moto143 did. I shorted in the morning at 111.30 and covered. it in 20 minutes at 108.00. Thank you moto for identifying & thank you Ajax for confirming.

 

[moto143]

Did u make money today...:lol::thumb:

Yup:thumb: but very little...Actually by the time i could access the trading terminal the prices had dropped to 106. Anyhow am very happy that i could identify the pattern and cash in.

thanks again Ajax for the support.

No idea as to what moto143 did. I shorted in the morning at 111.30 and covered. it in 20 minutes at 108.00. Thank you moto for identifying & thank you Ajax for confirming.

Great to know that buddy!!!...Credit goes to Ajax for confirming it.


thanks.

 

[moto143]

hey Ajax...Check this out...Hourly ONGC chart..Looks like a Bullish Wolfe in the making.
I think a positive candle is needed for confirmation..right?..am simply loving wolfe waves and tech analysis.

Hey..I think i have got some idea how to estimate the target price using WW but is there any way by which we can predict the time it takes to reach the target?