As we have shifted lock, stock and barrel to tradersaintforum. Hence forth kindly post about WW at this link on TSF:

http://www.tradersaintforum.com/forum/showpost.php?p=776&postcount=86

All posts have been transferred there and so all info can be accessed there too.

Thanks and trade well

Bee

]]>Whatever I write are just my thoughts and are not to be incorporated into any of the flow methods until and unless cleared by Saint and have been solidified into rules in the school section.

I write my ideas on this forum as sounding board to have some discussions only.

Thanks

Bee

]]>A tip for WW hunters when the trend angle (say upwards) is not very sharp (typically around 30 to 40 degree from the horizontal) then look for WWs to reverse and merge with 60 min flow. Something to check and incorporate slowly in our journey to fine tune this method.

Trade well

Bee

]]>Trade well

Bee ]]>

Here you go for the above wave, the ratios calculated. I guess they fits in:

Points

1.4566.7

2. 4387.5

3. 4606

4. 4415

5. 4678.6

Differences

1-2 = 179.2

2-3 = 218.5

3-4 = 191

Ratios

Point 3 is 1.22 of 1-2

Point 4 is 0.87 of 2-3

Point 5 is 1.38 of 3-4

Please correct if wrong calculations, never did this fibonacci retracement thing before…..

]]>Did you read this post?

http://tradersaint.com/forum/t-172102/wolfe-waves#post-551566

Bee

]]>I hope you are talking about the quote from below post

]]>Symmetry and ratios have to be checked carefully when studying WW on larger TF like the hourly or the daily chart. There we have time to analyse in detail the formation of WW as per textbook rules. But that is something which I leave for the individuals to study and pursue themselves - here we will only concentrate on smaller TF WW.

Bee ]]>

Bee ]]>

Well done. An exercise for you and a demo for all of us here. This is on a 30 min TF. Please explore the daily or 1 hour or 4 hr bar TF for this WW (for better clarity and resolution) and put up the ratios (actual calculated ratios) for all waves and post here.

I have a break in the data after July 31 when I switched over to Aug month in my metastock data base so am unable to do this exercise. Will have to do something about it for continuity's sake.

Thanks

Bee

]]>Seems ok. Draw another target line thru 13:10 bar low. Check the ratios and trade well

Bee ]]>

plz see this 5min chart of tata steel cash…is this ww

]]>

This is a daily chart so no compromise on ratios and point place rules. Pt 3 should be higher than 1 and 5 above 3. At best this is a triangle.

Bee ]]>

Thanks

Harish Chheda

Trade well

Bee ]]>

which 11 am bar BEE, as on which date ?

OOPs soory — 5th Aug. Caught up with many things here. Too many things happening. But going as per my reading [for once at least ;-)]

Bee

Bee ]]>

Thanks

Harish Chheda ]]>

Thanks

Harish

This one is similar to what Saint method suggest TFA with higher time frame and pivot low break .

Thanks

Harish Chheda

Interesting!!!

Thanks

Bee ]]>

Pt 1 on inner bullish WW should be a PL.

If u are looking for perfect WW it should be PL .

but not necessary for ww that pt 1 is always PL . see target of inner bullish ww reach

and we may reverse to short on bearish WW Black colour if price action suggest.

Thanks

Harish Chheda

Pt 1 on inner bullish WW should be a PL.

Bee

]]>Thanks

Harish Chheda

Thanks

Harish Chheda ]]>

Try to explain wolfe wave in words give me some time .

Thanks and Regards , Specially to Saint , all seniors and friends in TraderSaint family

Harish Chheda

]]>We have had a few days now to get our eyes accustomed to WWs on various TFs and many friends have successfully attempted to find, track and trade these in real time. All going well till now.

Now we have to encapsulate the WWs in cast iron rules for higher TFs especially 15 min and above. These WWs will span more than a day of trade, so we will have enough time to really examine and fit in the ratios and satisfy ourselves in all aspects before selling our house and betting on a WW which is perfect.

The rules are as below. These will become more and more inflexible in nature on higher TF and especially if playing the daily then please follow these rules and check the ratios and no compromise on the same.

The rules are for a bullish WW and I am not drawing a diagram and hope by now all 5 points – 1,2,3,4 and 5 are in your mind and you can visualize the rules below. If not, then have a pencil and paper ready and draw the points and ratios as you read along:

· 2 should be the highest point in this WW

· 3 should be lower than 1 and it should be between 1.27 to 1.618 of 1-2

· 4 should be lower than 2 and it should be between 0.618 to 0.886 of 2-3

· 5 should be lower than 3 and it should be between 1.27 to 1.886 of 3-4

· Time gap between 1-3 and 3-5 should be equal or nearly equal

(the above figures are Fib ratios and in actual practice they can be rounded off to 0.6, 0.9,1.2, 1.65 and 1.9 – please note the rounding off has been done to accommodate wider range)

The above ratios and positions of the points have to be strictly followed for all TFs above 15 min.

For ambush players who are playing 5 min TF – checking WWs on 1, 2, 3, and 5 min TF is essential and here go with the eye estimate, as the trade is fast paced. WW can take lot of flexibility in these TFs upto 60:40 either way on time gaps. But position of points as explained above has to be adhered to. WWs can be used as profit taking and exit strategy at 1-3-5 line and also for taking new position to ride it to hit the target.

But on higher TFs it is advisable to adhere to the above ratios strictly.

The above ratios are basically Fibonacci ratios as all price movements (waves) occur at Fibonacci levels. WW are naturally occurring waves.

One way to track and focus WW is to monitor every 1.27 fibonacci level, most WW start with a 1.27 Fibonacci level. A wolf wave is supposed to be formed when point 4 stops before reaching point 2 and then reversing to make a new 1.27 Fibonacci level in the other direction, if you reach this point with all the right calculations then you have a wolf wave. All you have to do at that point is to draw a line from point 1 to point 4 to draw the target line. Also line 1-3 can be drawn and extended and wait for the potential point 5 to form. One of the ways to track WW.

With this the theoretical aspect is over.

Wish you happy trading with wolves.

Bee

]]>You have been trading WW for a number of years now. Please put up your ideas, interpretations and critique here.

Thanks

Bee

]]>Thanks

Harish Chheda ]]>

Seems OK. Lets track this on Monday.

Bee ]]>

I have seen such WW in literature and I call them lame wolfes:-) They work but are hard to identify and trade. So I tend to avoid them.

Bee ]]>

Very new here, but 5th wave should ideally cross the 1-3 channel (false breakdown) which doesn't seem to be the case here. I am not too sure if this qualifies for WW. —Bonny

Yes, i too was not sure abt point 5, hence posted the chart for a feedback.

]]>]]>

Bee ]]>

Pls see chart

Thanks

Harish Chheda

Thanks

Harish Chheda

Careful —

Bee

]]>Raj - seems ok. Pl track this and put up the chart showing the outcome.

Great!!!!

Bee

]]>]]>

Multiple Top as point 4 so expected target line 4(3)

Also watch 4Th wave is also bearish WW which give Target of 5Th , in such case higher probability that Target of current WW is achieved

Thanks

Harish ]]>

Target line 1-4 may not achived as it pass sweet zone and reverse from parallel line of 2-4 from point 1

Pls see chart

Thanks

Harish

Meanwhile enjoy shorting the market:-)

Bee

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