Well you see it is a delicate situation. I have a Brit (Wizlon) on one side and an American on the other (ChicagoRob) and a Canadian (me) in the middle - it goes all the way back to the Boston Tea party and the war of 1812. Besides, I have to be ...

A new look at Wolf Waves

Guys, guys... You both have different perspectives on WW, and I hate to say it ChicagoRob, but Wizlon is correct. It is actually preferable for point 5 to breach line 1-3, but it is not incorrect for it not to breach 1-3. You are both the main ...

A new look at Wolf Waves

Looks good CR.

A new look at Wolf Waves

Wouldn't you know it. My lack of patience cost me. It looks like the AUD/JPY trade will reach it's profit target after all without me. image

A new look at Wolf Waves

That has never happened to me before with this broker. I'm back in the trade now (0.8 spread), but it's certainly not a clean run so far. I might just give up on it if it doesn't start going down with purpose. Edit: I'm out (small profit)

A new look at Wolf Waves

What the... Spread jumped to 10 pips and stopped me out at +3

A new look at Wolf Waves

Hmmmm. The BE line +3 triggered but ran just short of TP1. Still obviously 100% in.

A new look at Wolf Waves

I already am short and up so far 14 pips. I put a close TP1 and BE because of resistance line in that area . Ultimate TP at 104 pips. Here is a M15 close up. image

A new look at Wolf Waves

WW setting up. Wait to see what happens at point 5 image

A new look at Wolf Waves

LOL they probably recommended a buy there too.

A new look at Wolf Waves

Sometimes Wolfe Waves will keep you out of a bad trade. I was bored and looked at a well known signal service for stocks. They recommended a buy (at the red arrow). I pulled up the chart and what did I see: Yes a Wolfe Wave! If the Wave fails they ...

A new look at Wolf Waves

Hi ChicagoRob, I just thought I'd mention that your EU daily trade seems to be stuck between the 50 and 62% retracement of the last swing, although you probably noticed. This could mean another leg up. image

A new look at Wolf Waves

Nice try MyxMop, Welcome and thanks for posting. It's good to see trades in progress like that. I think M5 trades are always more unpredictable but if they work - great.

A new look at Wolf Waves

This one hit it's profit target image

A new look at Wolf Waves

Hi Jack and welcome, Yes stops are always a bit subjective when price does not immediately turn after penetrating line 1-5. Your idea is good, but I would like to wait for a white (bullish) candle to close above the line. That does not always help ...

A new look at Wolf Waves

Looks good' but which pair and Time Frame?

A new look at Wolf Waves

Don't usually look at low TF, but a possible WW setting up: image

A new look at Wolf Waves

I don't like trailing stops (which would have worked well last night) so next time I have an overnight trade I might use Scott Carney's method of having profit targets of 38% and 62% of the entire pattern and an ultimate profit target where the ...

A new look at Wolf Waves

Update: The GBP/CAD trade was a bit frustrating for me. After entering, price went sideways for 10 hours, then I went to bed. While I was sleeping, price jumped 160 pips then retraced . This morning, I closed both positions for 46 and 41 pips. image

A new look at Wolf Waves

Possible WW forming image

A new look at Wolf Waves