Hello friends,
nice to see Azax and others contributing to wolfe waves.:thumb:
it's been many months i did not post any thing, was busy in my academic studies.
I am full time trader.I have my total 5 setups which are making very good living for me. Of these 5 setups, one is wolfewave! amazing risk reward ratio!
However, even with excellent wolfe wave setups, many will suffer loss
! why???? many miss trade management!
Even with the wolfe wave seups, please see it to that you:
1) are dead sure of stops loss....please put the stop order, no mental stop loss
2) Be aware of the Reward. Atleast it should be 3 times of ur risk and with
wolfe wave , it is almost sure!
3) Once in +, please please dont go in -ve, after a 2times, reward move your
stop to breakeven + Brokeage
4)Dont be adamant to profit on first trade itself! TRADE WOLFEWAVES CONSISTENTLY ON ONE INSTRUMENT ITSELF FOR ATLEAST 10TIMES! PROFIT
IS THEN ONLY SURE:clap: IF YOU ASK ME, I WILL SAY FOCUS ON NIFTY !
NIFTY= VERY LIQUID, EVEN U CAN TRADE 1MIN WITH VERY GOOD VOLUMES
= VERY VERY DIFFICULT FOR MANIPULATION
= GENERAL MARKET BAROMETER
= NARROW DOWNS THE FOCUS ON ONE INTRUMENT THUS SAVING YOU
FROM ANALYSIS PARALYSIS!
BELOW ARE THE FIVE SETUPS OF WOLFE WAVES ON PAST 20 TRADING DAYS,
SETUPS ARE ON NIFTY CASH, 1MIN ( I ALWAYS PREFER TO OBTAIN SIGNALS FROM CASH AND TRADE FUTURES ACCORDINGLY )
ALL 5 WERE WINNER! AMAZING POWER OF WOLVES! MAKES YOUR LIVING EASY ( OFFCOURSE IF U PAY VERY LOW BROKERAGE )
*THERE ARE MANY ARTICLE ON INTERNET THAT CAN MISSLEAD YOU TO IDENTIFY THE WOLFEWAVES! I DID NOT LEARN FROM BRAIN, BUT MY 6 YEARS OF EXPERIENCE HAS MADE WOLFE WAVE IDENTIFICATION TOTALLY
OBJECTIVE!
PEACE,
WINSTON
