Wolfe Wave

[KID_of_MARKET]

NF 1 min - is it a WW ??

no, point 4 should be higher than point 1

 

[aayush_123]

no written rule as such.. that 1 shud be highr than 4.. its just that the slope is good, so nice tradeable move

secondly, 4 is indeed higher and the trgt is also hit.

 

[sunny_cool]

TP bhai tumhari is bulish WW ke chakkar main meri IDFC ke PE ke dhanoo hari ho gayi :annoyed:

I wonder if that WW has played out or is there more upside left.. I have booked out my calls.

 

[Arjun20]

no written rule as such.. that 1 shud be highr than 4.. its just that the slope is good, so nice tradeable move

secondly, 4 is indeed higher and the trgt is also hit.

Arre bhai log,
When perfect set up was visible on 5min., why take up this 1min trade???

 

[KID_of_MARKET]

no written rule as such.. that 1 shud be highr than 4.. its just that the slope is good, so nice tradeable move

secondly, 4 is indeed higher and the trgt is also hit.

1. This is the excerpt from book Street Smarts - High Probability Short Term Trading Strategies (Raschke & Connors)

2. I have commented on the basis of chart posted by TP, It looked like point 4 was lower than point 1.
aur target ka to kya hai bhai kabhi kabhi wolfe wave hota hai to bhi target achive nahi hota aur kabhi kabhi bina koi chart pattern ka bhi target achieve hota hai.

 

[EagleOne]

TP bhai tumhari is bulish WW ke chakkar main meri IDFC ke PE ke dhanoo hari ho gayi :annoyed:

Ye bete, wolf wave nahin thi - Elephant wave thi 5065 ko fodne ke liye!
Saint sahi bolta tha: Uptrend pe short nahin. Ya dips pe kharido ya chupchap baithe raho...lekin kya karien ungal dene ke aadat hai na humey!

 

[EagleOne]

Kid bhai, read again. It says 'should be' not 'must be'... Bahoot fark hai inn dono baaton mein!

 

[KID_of_MARKET]

Kid bhai, read again. It says 'should be' not 'must be'... Bahoot fark hai inn dono baaton mein!

ha eagle bhai maine pahle reply me bhi 'should be' hi likha hai par ye high probability vali gandi adat hai jo aise profitable trade bhi chhudva deti hai... kya kare...:annoyed:

 

[EagleOne]

ha eagle bhai maine pahle reply me bhi 'should be' hi likha hai par ye high probability vali gandi adat hai jo aise profitable trade bhi chhudva deti hai... kya kare...:annoyed:

Not your fault, bhai. Aisa jhataka lag jaata hai. You won't believe I was short on NF waiting to hit 4975 spot. But saala when it just kissed 4990 and went back to 5000 in a milisecond, apun ke kaan khade ho gaye ki maamala gadbad hai. I dropped it taking 300 Rs loss and bought 2x5000CEs in a second... market ke saath chalna padta hai.

 

[aayush_123]

1. This is the excerpt from book Street Smarts - High Probability Short Term Trading Strategies (Raschke & Connors)

2. I have commented on the basis of chart posted by TP, It looked like point 4 was lower than point 1.
aur target ka to kya hai bhai kabhi kabhi wolfe wave hota hai to bhi target achive nahi hota aur kabhi kabhi bina koi chart pattern ka bhi target achieve hota hai.

bro i read in an excrept by brian wolfe. though 1 shud be higher than 4, because it will give good earning momentum. Later, it was written the only fact i say it should be higher is because of the slope. for an advance trader, he can trade with negative slope as well.