I feel for you. I suspected that may have happened. If I was in that trade, I would have put my stop in the same place. The only thing I might suggest is that you could have done one of the most difficult things (for me) in trading. You could have ...

A new look at Wolf Waves

I don't know whether this is the PDF that HighFivve was referring to, but it is a good outline of Wolfe Waves: url By the way, be careful downloading other "manuals" etc. I tried to download one and ended up with several viruses and unwanted ...

A new look at Wolf Waves

I agree. It looks good But this is where my bias shows through. I am Canadian and would not like to see this happen to our dollar after it has struggled to get this far. My forex accounts are even in Cdn dollars. We even sent our new Prime Minister ...

A new look at Wolf Waves

Welcome umpats, Many thanks for posting. It looks like great work, although it was hard to make out the waves (trades) on the two on the left side. I never thought of trying the 5 min time frame. I thought it wouldn't be as reliable.

A new look at Wolf Waves

For those wanting more info on Wolfe Waves, Bulkowski's article and test results are interesting even though it is related to stocks only. He suggests drawing a line parallel to line 2-4 from point 3 to get a trading zone between this and point 5, ...

A new look at Wolf Waves

Hey Masilva, Do you want to comment on your trade or can I?

A new look at Wolf Waves

Welcome Greenstar, If you can contribute anything, please do.

A new look at Wolf Waves

Well, you've found a pretty well perfect Wolfe Wave. I'll review the pattern (as I see it). I'll do my best since I have yet to find a complete set of parameters. I did give a brief synopsis in post 1. A Wolf Wave in general is a wedge shaped ...

A new look at Wolf Waves

There is no link. I couldn't find the pdf on the web site Welcome, always glad to have participants.

A new look at Wolf Waves

The structure looks good, but I'm a little concerned about the massive bull candle coming into the pattern. Chris Lori (another guru) maintains that this is considered a gap in forex and the gap will be filled. We'll see who is right. I vote for the ...

A new look at Wolf Waves

I wanted to discuss rules, discretion, subjectivity etc. What do you do when you are not sure whether a pattern qualifies as a technical Wolfe Wave? I am not a great one for adhering strictly to the rules (if you know what they are). Someone ...

A new look at Wolf Waves

It was a good trade though and would have been perfect with a little earlier (higher) entry or no BE. Nice to see it went to TP.

A new look at Wolf Waves

Sorry, I didn't answer the second part of your question. Yes, you should have been in already. It's looking good so far - +30 pips or so since you posted. I would probably have taken profit 1 or maybe moved to break even (if that is your style) by ...

A new look at Wolf Waves

It looks valid to me. It would be nice if point 5 penetrated line 1-3 in order to give you a chance to enter when price comes down across 1-3 and then give a tight stop loss. I guess we'll see.

A new look at Wolf Waves

I was thinking about this - it's why I called it extreme. I haven't come across any rule about this, and one web site even said that "you never know when price will return to line 1-3". This is where discretion comes in. I probably wouldn't let it ...

A new look at Wolf Waves

Welcome Masilva, I see you are in Mexico, must be close to the same time zone. I'm in PST on the west coast of Canada. If you catch any Wolfe Waves that I miss, please post if they are approaching or hit point 5. If you are not sure, post anyway ...

A new look at Wolf Waves

Another one (that I missed) that triggered yesterday afternoon and hit it's target today for 90 pips or so. image

A new look at Wolf Waves

Obviously, on this last example, I wouldn't have put profit one target on line 2-4, but rather half way to the final profit target.

A new look at Wolf Waves

Welcome JohnnyR I am constantly amazed at how they work (even my off beat Coyote waves). They tend to be counter intuitive, i.e often going against the trend like my trade last night. I still don't know all the nuances, or if they are important. ...

A new look at Wolf Waves

Well that was easy! The trade triggered when I was sleeping and completed after I got up this morning. It came just short of the final target, and I closed it out for a 65 pip profit when it started retracing. The run was actually 73 pips. image

A new look at Wolf Waves