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

Talk about intermitant replies! (4 replies in 6 years). I just got interested in Wolf Waves, and 2 came up last week on H4 charts. I'll post one here to show a perfect example. image

My new journey with Wolfe Waves...

[quote=AntiVi;8766124] What does ZUP stand for? The pattern looks close to a Cypher but the end of it should be lower. It should be at the 78.6 retracement of XC. I have no idea what ZUP stands for. It was written by a Russian (I think). I would ...

From Rookie to Full time Forex trader

I thought you might be interested in what a modified ZUP indicator came up with on your trade (Bearish Total 3). It's probably a morphed cypher (slightly different ratios). I have found in the past, when trading harmonic patterns, you have to see ...

From Rookie to Full time Forex trader

Hi again, I wondered why you chose the cypher pattern out of all the harmonic patterns out there. Do you draw the cypher by hand or do you use an indicator?

From Rookie to Full time Forex trader

Hi AntiVi, Position size and other trade management functions should take into account: pip value, ADR (ave daily range), comfort level (with stop loss), etc. I created a spreadsheet to work with my trade manager EA which helps in consistency across ...

From Rookie to Full time Forex trader

In order to recode, you need the source file. That is: .mql4

please recode this profitable indicator

Well, I have to disagree with the naysayers. I use Fib retracements for entries and expansions for targets - not always, but when it is appropriate. The "logic" behind it is simple. Some have mentioned natural proportions, and I would add to that - ...

Where is the logic behind applying Fibonacci to trading?

I think you're safe. The Devil took all the available spaces in hacker school. Then again He could shut down the power grid in your area before you had a chance to put in a stop loss. Huh, my lights just flickered!!!

The Paradox System