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| Discuss Wolfe Wave Again? Oh No! at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; To bring out the Signal from CHAOS ,People are using famous Mathametician's "Fourrier Transform" 's ... |
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#11
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To bring out the Signal from CHAOS ,People are using famous Mathametician's "Fourrier Transform" 's inverse formula.
Symmetry is "Orderly" ......."Repeatation of history" ,Sun is Orderly ,my DNA Chain is complex but orderly,UP voting pattern is caste/religion based but region wise orderly.All datas how much randomly may occour ,if ploted in 2 dimension field ,has to have a MEAN point,from which each point's(data) relationship can be determined,if so then a standard deviation band will bring Majority datas in that ORDERLY BAND,can we deny this !! this is pure Maths.So until convinced by Mathametical logic ,let me remain a dumb fool,as it is being writen in Black & White by a famous person i am not going to belive anything other than what my chart tells me.Good Night. Last edited by uasish; 19th April 2007 at 12:25 AM. |
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#12
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Now to your question about how to identify these patterns. Difficult, but I use trendlines and they work brother! More on this later, as it's kinda late now and I sure wanna hit the sac! Thank you all guys for contributing to this thread and I have not finished reading your posts but will do it tomorrow. Keep up the excellent work guys. CYL, ss ![]() |
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#13
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Hi friends,
Sunil, your nifty and REL IND did not qualified as a Bearish Wolfe. Azax! the aban was not a true wolf, move was not because of the pattern. Also saw your infy chart, 1st part is an excellent wolfe, and second part was wrong though the move was good. Friends, am not authority on wolfe, but forcing the pattern can lead much losses. Please go through the wolfe links and check out the true set up. Regards, Winston |
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#14
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Pl tell us why you think they are not Wolfe. ss ![]() |
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#15
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please any 1-2-3-4-5 is not wolfe wave , if so then u will find inummberable wolfe wave
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#16
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The wolfe wave image of Aban posted by you is indeed interesting. Wave no. 5 did not touch the trendline at all. It just took off even before that. How this happened? If it happens so, is it a valid wolfe wave pattern? Regards R. S. Iyer |
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#17
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#18
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I appreciate the fact that you are really loving RSI. As I quote every time, my name is R. S. Iyer. That is a real name and not a fancied name. But I am unable to understand what is meant by "please share any inborn RSI tech talents". If you can explain about it a little bit, I shall be grateful to you. Regards R. S. Iyer Last edited by RSI; 19th April 2007 at 05:47 PM. |
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#19
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Dear RSI
I am in market to make money & not for academics. I believe in KISS strategy ( no oscillators OI etc etc ) . Pure price action. Hence I look for patterns Aban look liked Wolfe to me. and got in ( though not at rock bottom, I admit) , I followed my position with trailing SL, Ditto with Infy & others I spotted H&S shoulders in GE Ship hrly chart - got into after piercing of neckline. Had I picked up Wolfe on daily chart earlier, my entry would have been around head area...... U cant be right all the time , hence importance of Initial SL & then trailing SL cant be over emphasised KISS (keep it simple sir) Ajax |
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#20
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