I put a pending order on the above potential trigger to show where I place the TP, SL, etc. As you can see, I put TP1 on the other side of the channel (wedge) and the second at the true profit target. image

A new look at Wolf Waves

Been busy trading and working on another strategy. I was hoping to get a bit more participation in this thread, but I guess the interest is not there. Maybe Bill Wolfe intimidates students to his course. He states on the web site that students are ...

A new look at Wolf Waves

I think you have summed it up nicely. This is a dose of reality for every trader or wanna be trader.

Trading is Extremly hard!

This one just completed a couple of minutes ago image

A new look at Wolf Waves

Since Wolfe Waves were originally designed for indexes (specifically the S&P) I thought I would throw in one for the DOW triggered on Feb 11 if it qualifies as a WW image That was a move of 818 points. Think what you could have made on cheap call ...

A new look at Wolf Waves

Hot Damn! Right to the pip again (From chart above) image

A new look at Wolf Waves

Another 5 minute happening now image

A new look at Wolf Waves

Here's another one on a 15 minute chart from last night. I didn't trade this one as it triggered in the middle of the night (my time). Perhaps Gn could tell us if it's within the rules. image

A new look at Wolf Waves

But a flag pattern doesn't break back down from point 5 like my Coyote pattern does. Seriously, I knew it didn't quite comply, but I loved the way it hit the profit target to the pip. It's after 1:00am here and I'll say good night

A new look at Wolf Waves

Weekly!! That must have generated a lot of pips. On the other end of the spectrum, I was playing around with 5 minute charts and found this little pattern (it probably breaks a rule or two), but pips were there for the taking image

A new look at Wolf Waves

No offence taken GN. I'm glad to have your input. The frustration is on my part - trying to nail down the exact parameters of the pattern. I had gone over Bill Wolfe's webpage and still couldn't see the specific "rules" you mentioned. Other sites I ...

A new look at Wolf Waves

Hi GN, Perhaps you could give us a complete set of rules (save misunderstanding on my part). Either that or I could rename the thread Coyote Waves with hardly any rules. One rule I did find was that there should be a regular time between all waves ...

A new look at Wolf Waves

I thought I had included this one from Sunday trigger. It's an H1 chart that hit it's target for 119 pips image

A new look at Wolf Waves

OK, Here's one from last week that complies with GNWFx's rule image An update on the other current trades: USD/CHF - not triggered - invalid AUD/JPY - in progress so far 68 or 121 pips depending on whether you entered on the line cross or candle ...

A new look at Wolf Waves

Thanks for contributing. You may well be right, although I have not seen this rule before. I will try and restrict my examples to this in the future. Your comment on fib levels is interesting. From which points are you pulling the fib?

A new look at Wolf Waves

Thanks Poocher, I would accept that criticism. I did find examples of parallel wave counts on the net, so I included them. I draw the line at megaphone formations which I also found, but maybe they work too. I had to laugh at the comment on Tom ...

A new look at Wolf Waves

image Another current and past example on EUR/CAD H1 chart. On the current example, you will notice that price actually gapped a bit lower (16 pips) because of the weekend before moving up.

A new look at Wolf Waves

I just noticed that I probably broke the rules on the AUD/JPY current illustration above. The channel is sloping slightly down and maybe the count should have started low not high. It raises an interesting point. If you accept that an equal sided ...

A new look at Wolf Waves

OK, here are two current examples of WW. image image I don't like initiating trades at the end of the weekend, because of gaps, spread widening and unreliability, but here they are. The first is a parallel channel and the second is a wedge. You ...

A new look at Wolf Waves

As mentioned in the previous post, there seems to be a few variations on Wolf Waves. Some say that a parallel channel or even a megaphone pattern will work the same way. I give you an example of 2 almost parallel channels again from last week, both ...

A new look at Wolf Waves