simple steps to identifty Wolfe

IS THIS WOLF ??

Dear Winston and other seniors ,...

just read whole thread about Wolf Wave ,.. I knew this thread was a great stuff to have some hand on ,.. but read it recently.

As much as i understood about this formation , I could found out one stock .. even it seems targets and time frame are unreal but just need to confirm , whether its wolfe or what ??

Please look at the chart ,.. if its wolfe then 17 april 2008 ,.. ALBK will be trading at just Rs 39-40 . check the chart and plz guide .
Regards..
Darsh

Attached Images

	ALBKWW1.png (14.8 KB, 39 views)
	ALBKWW2.png (18.0 KB, 32 views)

Hi Darsh,

Hmm, your effort is very good, all set ups meeting.
However, point 5 is a Huge swing high even above 1-3 trendline.
If point 5 were just a touch at 1-3 trendline.....then the setup would have been considered
as bearish.

Due to unsual behaviour of point 5, this is not a bearish wolfe wave.

Take care,
Winston

thanx winston ,...

can u please post few good examples of Wolf Waves ,.. or mail me ...

Actually i m very much interested in learning different tricks and patterns. And i consider all ur post and consider all ur comments as precious words.

thanx again .. and please keep posting if u find any new Wolf Wave.
Regards
Darsh

Dear Winstonn ,..

I kept on searching for wolf wave patterns and its tutorials on the net. Though I could not found much related to this ( though there were so many things i have found about knitting , stitching etc.. etc... LOL )

But one link i found ,..
http://www.wolfcharts.com/manual.asp
i dunno y i m being partial to my ALBK chart, but still i feel its wolf.. please check it once again on my behalf.

Coz , the way u said point - 5 swing was up above the trend line .. its true its up above the trend line. but in this manual it shows that it has to go up. then when it comes down ,.. short ur position.

Please do comment...
Thanx again ... ( Winstonn, my request is just to make sure about something. plz dont take it in other way. )
Regards,.
Darsh

Hi Darsh,
Just mail me, i will give u detailed steps to identify wolfe wave perfectly and correctly. Will post u recent charts. Also will give u few patterns and how to use them correctly....

Take care,
Winston

thanx winstonn,..

sent u the private msg. please check.
Regards,..
Darsh

Winstonn,

Nice to have you back actively.

Asish

yeah Ashish Da ,..!!

As i know ur having mastering in coding ... I have found some coding which says that it will plot wolfwave on the chart . but the biggest problem is that i dunno in which language its written. And one more thing I can not code it even if i know. so need to take ur help. if anybody can do this for everyone whos metastock user.

here is the code.
Regards.

Inputs: NBars(13), {Number of bars for Swing_Lee pivot picking }
MaxBars(250); {Maximum number of bars forward to search for }
{Match/Crossing of ETA lines to set end EPA }
{If this is set to a very high number, the time}
{to compute and plot will become excessive. }
Vars: TPCount(0),Direct(0),
HoldPrice(0),BarsBk(0),
Slope1(0),Slope2(0),
ETA1(0),ETA2(0),EPA(0),
NewDate(0),NewTime(0);
Arrays: TPDate[4](0),TPTime[4](0),TPBar[4](0),TPPrice[4](0),TPDirect[4](0);
Direct=Swing_Lee_Simple(NBars,False);
If Sign(Direct)<>Sign(Direct[1]) then begin
BarsBk=AbsValue(Direct);
{Found a TurningPoing so increase count}
TPCount=TPCount+1;
{Save the proper price}
If Direct<0 then HoldPrice=High[BarsBk]
else HoldPrice=Low [BarsBk];
{Push the Stack}
For Value1=1 to 3 begin
TPDate[Value1] =TPDate[Value1+1];
TPTime[Value1] =TPTime[Value1+1];
TPBar[Value1] =TPBar[Value1+1];
TPPrice[Value1] =TPPrice[Value1+1];
TPDirect[Value1]=TPDirect[Value1+1];
End;
{Save Current Data}
TPDate[4] =Date[BarsBk];
TPTime[4] =Time[BarsBk];
TPBar[4] =CurrentBar-BarsBk;
TPPrice[4] =HoldPrice;
TPDirect[4]=Sign(Direct);
Plot1[BarsBk](HoldPrice,"TP");
If TPCount>3 then begin
{If we have 4 TP's then we can look for WW}
Condition1=False;Condition2=False;
Slope1=(TPPrice[3]-TPPrice[1])/(TPBar[1]-TPBar[3]);
Slope2=(TPPrice[4]-TPPrice[2])/(TPBar[2]-TPBar[4]);
If TPDirect[1]>0 then begin
{Look for Bullish WW}
Condition1=
TPPrice[4]>TPPrice[3] and
TPPrice[4]<TPPrice[2] and
TPPrice[3]<TPPrice[1] and
TPPrice[4]>TPPrice[1] and
Slope1 <Slope2 ;
End
Else Begin
{Look for Bearish WW}
Condition2=
TPPrice[4]<TPPrice[3] and
TPPrice[4]>TPPrice[2] and
TPPrice[3]>TPPrice[1] and
TPPrice[4]<TPPrice[1] and
Slope1 >Slope2 ;
End;
{Plot the wave and lines if it exists}
If Condition1 or Condition2 then begin
ETA1=TL_NEW(TPDate[1],TPTime[1],TPPrice[1],TPDate[3],TPTime[3],TPPrice[3]);
ETA2=TL_NEW(TPDate[2],TPTime[2],TPPrice[2],TPDate[4],TPTime[4],TPPrice[4]);
EPA =TL_NEW(TPDate[1],TPTime[1],TPPrice[1],TPDate[4],TPTime[4],TPPrice[4]);
Value5=TL_New(Date,Time,TL_GetValue(ETA1,Date,Time ),
Date,Time,TL_GetValue(ETA2,Date,Time));
Value1=mod(tpcount,6)+2;
Value1=red;
TL_SetColor(ETA1,VALUE1);
TL_SetColor(ETA2,VALUE1);
TL_SetColor(EPA ,VALUE1);
TL_SetColor(Value5,Red);
TL_SetSize(Value5,3);
Value2=0;
Value1=0;
While Value2=0 and Value1< MaxBars begin
Value2=BarsToDate_Time(TPBar[4]-TPBar[3], Value1, NewDate, NewTime);
Value3=TL_GetValue(ETA2, NewDate, NewTime)-TL_GetValue(ETA1, NewDate, NewTime);
If Condition1 and Value3>0 then Value2=0;
If Condition2 and Value3<0 then Value2=0;
Value1=Value1+1;
End;
If Value2<>0 or Value1=MaxBars then begin
TL_SetEnd(ETA1, NewDate, NewTime, TL_GetValue(ETA1, NewDate, NewTime));
Value7=TL_GetValue(ETA2, NewDate, NewTime);
TL_SetEnd(ETA2, NewDate, NewTime, Value7);
Value8=Text_New(NewDate,NewTime,Value7,"ETA");
Text_SetStyle(Value8, 0, 2);
Value7=TL_GetValue(EPA , NewDate, NewTime);
TL_SetEnd(EPA , NewDate, NewTime, Value7);
Value8=Text_New(NewDate,NewTime,Value7,"EPA");
Text_SetStyle(Value8, 0, 2);
End;
End;
End;
End;

plz mail those to me also .......

Dear Robin & all wolfes

Here is bearish WOlfe set with complete pattern.
Study it carefully and benifit.
Apply all u learnt from WOlfes sites

regards

Ajax