Interesting. The drop doesn't look half as scary on a monthly chart. Of course, the target price is not necessarily the stopping point, but a good indicator never the less. Nice to hear from you Wab.

A new look at Wolf Waves

New version works, but there seems to be bugs in line and colour selection. I am trying to get the following with no luck: 61.8% yellow solid 100% red dashed Also 127% and 161% won't turn off. All of these settings were OK on the version that no ...

Multicolor Fibonacci Retracement Tool

Many thanks, It would be nice if Metatrader worked WITH users.

Multicolor Fibonacci Retracement Tool

Same problem. It seems to have stopped working with latest MT4 build.

Multicolor Fibonacci Retracement Tool

Forgive me father for I have sinned. You are forgiven, but say 3 hail Dollars, Euros, pounds or yen and give up another $500. But I will keep on sinning - is there no redemption? NO.

3 Mistakes you make over and over again...

Nice to see you Shyean. I think it is great that you got 3 considered opinions from contributors who have all proved to be valued participants.

A new look at Wolf Waves

Welcome Aleksandarfx, Contribute whenever you can. The estimated time of arrival has been mentioned in the thread, and I tend to agree with (I think Wizlon) who said that he tended to ignore it. I have found that it only very rarely works in FX.

A new look at Wolf Waves

Congratulations!!!! That's quite a feat Body.

A new look at Wolf Waves

Sorry for being so late in commenting Body, but I have been otherwise occupied. Congrats on your trade. To answer your question, luck played a part as it does in all trades, but it looked good anyway. Same comment as above - try and pick trades ...

A new look at Wolf Waves

Sorrry for the very late follow up - welcome Ad-Maiora. You have the right idea, but the waves were really in a channel (a mistake I used to make). They should be in a wedge formation - it helps to draw lines 1-3 and 2-4 as I have done above.

A new look at Wolf Waves

The thread has been quiet for the last week. I know there seems to have been fewer opportunities over that time, but I'm wondering if maybe everything that needs to be said - has been said. Personally, I haven't been around much to participate so I ...

A new look at Wolf Waves

Welcome Koulus. Nice trade. I've been taking time away from trading to work on another project. Life gets in the way sometimes, but nice to see trades are happening.

A new look at Wolf Waves

You are probably right. That's what comes of a long winning streak where even questionable trades went my way. Even though I had only a small position, I needed that to bring me back to my senses, and take only the good setups.

A new look at Wolf Waves

By the way, I am in the AJ trade with a couple of small positions. If it can get past the resistance from the 3 downward spikes, we should be good - if not then... image Edit: Just got stopped out. I shouldn't take trades I am unsure about even if ...

A new look at Wolf Waves

This is a compact WW completed earlier today. image

A new look at Wolf Waves

You guys are doing great without my intervention. I thought I would post a questionable WW happening now. Which is point 4? If it is the first one (being the higher of the two) it would cut through the second 4. Would that invalidate the WW? image

A new look at Wolf Waves

Welcome Body Always good to see new contributors. Seems like a reluctant WW you show there. You have more patience than I do, but it looks like it may make it to the target area.

A new look at Wolf Waves

OK, you and ChicagoRob are in an interesting spot. If you look at the charts you posted, they are actually megaphone patterns - not wedges. I have no objection to that, and one of the first PDF's (Linda's) actually had a couple of those patterns, ...

A new look at Wolf Waves

Welcome PipMint. Futures are fine with me, as a matter of fact some brokers like Oanda include futures CFDs. By the way Oanda just announced that they are reducing their maximum spreads.

A new look at Wolf Waves