simple steps to identifty Wolfe

gobatman2001 · #91 11th August 2007, 04:59 PM

Hi! Winston,

Thanks for taking the time to answer my queries. My replies are listed below your replies ...

Quote:

Originally Posted by winstonn

Hi Amit,

sorry for the delayed response, i am really busy in my academics.
well, your question is really good!

your first answer:
it does not matter whether the point 1 is formed towards right or left. Wht is important that proper points 1,3,5 must be formed on important swing points .Did you observe that in both the charts of Nifty 1 year options 1 and 2, point 1 is set up on same common day.
you extend the 1-4 target line, that's all........the moment target is near or achieved.....it's bingo and u r out of the position.

I agree that Point 1 is set up on the same day. If you look at the "Nifty 1 year Option 1" chart, the target is 2596, but when you look at the "Nifty 1 year Option 2" chart, the target is 2977.

That's what I wanted to clarify ...

Answer to the 2nd question:

if the wolfe wave setsup on say some 'X' time frame, the target should be watched only in that particular ' X' Time frame. If you have daily chart as time frame.....dont bother whether the target is on 1 year daily chart or 9months daily chart. What is important that this daily time frame should not be changed.

Wolfe waves work in all the time frames right from 1 min to 1 month................

Will do some more work on this and see ...

Hope this satisfies your passionate thurst.....

Thank you, once again, Winston for your help. Really do appreciate this ...
Take care,
Winston

aroymkp · #92 11th August 2007, 05:59 PM

Is there any automatic wolfe wave identification tool or indicator in ms

sikandar · #93 11th August 2007, 07:16 PM

Dear aroymkp
U can get some glimbs from
http://www.alphomegaew.com/
sikandar

fxdragon1 · #94 12th August 2007, 10:19 PM

very interesting learning about wolfe wave here,thanks for valuable information.

dsanjyot · #95 13th August 2007, 03:16 PM

Does HINDALCO qualify the WOLF wave formation on daily chart? With 1st point on 12 th may 2006.

dsanjyot · #96 13th August 2007, 03:25 PM

URGENT !!!
Wolf Wave (BEARISH) in todays Reliance intraday chart. Winstonn and Ajax can you help us in this formation with the targets???? Time interval between points 1-2 2-3 3-4 & 4-5 is almost identical.

fxdragon1 · #97 13th August 2007, 06:27 PM

may i know tread disscuss abount wolve wave solely in forex.soory my english very bad

alpha1 · #98 13th August 2007, 10:37 PM

Personally, I have seen many Wolf waves just continuing the wave trend or breaking out in the opposite direction (opposite from what is predicted by WW theory).

That makes it more of an academic tool, than of real use.

dsanjyot · #99 14th August 2007, 12:02 PM

WOLF Formation on DOW / S&P / NASDAQ

Correct me if i m wrong.

dsanjyot · #**100** 14th August 2007, 12:05 PM

WOLF Formation on DOW / S&P / NASDAQ

Correct me if i m wrong. AJAX ur experties reqd.

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