simple steps to identifty Wolfe

devangan123 · #**201** 11th September 2008, 10:33 PM

Quote:

Originally Posted by darsh_goswami

TY

Though on serious note, I have my own developped codes for Wolf and other Patterns

. And they r fully functional.

Regards,
Darsh

Sorry Sir I did not read this line before posting my above post

learn2trade08 · #**202** 15th September 2008, 05:31 PM

dear winstonn/ajax/darsh or any senior member...
time and again there is mention of symmetry in wolfe wave but when we take a look closely on linda bradfords book on ww or even ww dotcom for that matter the charts are not symmetrical...
can anyone help me out please..I know for sure that most of your charts where there is time symmetry have often worked,but sincerely i am a bit confused here....
thanks
[img=http://img139.imageshack.us/img139/8163/lindaod7.th.jpg]
[img=http://img382.imageshack.us/img382/5185/lindaej3.th.jpg]

Quote:

Originally Posted by winstonn

Hi friends,

i am posting two charts of same daily data for Rcom.

chart one is how all bearish rules were followed and bearish target was achieved.

another chart shows that if rules are not obyed, how can a chart fail and wolfe wave is blammed. In this chart there are three wrong things:

1) point 5 did not touch 1-3 trendline
2) 1-3 TT and 2-4 are diverging instead of converging.
3) There is no symmetry between points 1-3-5.

This chart is for learning purpose.

Happy Trading,
Winston

darsh_goswami · #**203** 15th September 2008, 06:39 PM

Quote:

Originally Posted by learn2trade08

dear winstonn/ajax/darsh or any senior member...
time and again there is mention of symmetry in wolfe wave but when we take a look closely on linda bradfords book on ww or even ww dotcom for that matter the charts are not symmetrical...
can anyone help me out please..I know for sure that most of your charts where there is time symmetry have often worked,but sincerely i am a bit confused here....
thanks
[img=http://img139.imageshack.us/img139/8163/lindaod7.th.jpg]
[img=http://img382.imageshack.us/img382/5185/lindaej3.th.jpg]

Dear Learn2trade,.
For wolf waves , there is no specific approach yet. I've seen somepeople on this thread also posting triangles as wolf.

Now , as far as Street Smart book is concerned. With due respect to writter. i just want to say one thing. When u r looking for a perfect wolf, atleast i look for symmetry, fibo ratios n trendline convergence. So , that i cant complain that wolf is failed. Thats why may be the wolf i identify never fails.

Wolf is nothing but what u learn in advance strategies , its mismatch in demand and supply. this creates wolf. Plz look at the power point presentation presented by ajax somewhere.

Its upto u , whether u want to find imperfect wolf and trade high risk , or just wait for the right one to come , and take high profit low risk trade. Opinion may very so as trading style.
Cheers ,
Darsh

learn2trade08 · #**204** 15th September 2008, 07:29 PM

dear darsh,
sincerely appreciate your reply..Yes i did go through ajax's pp presentation,will be more carefull following patterns in the future..Thanks again...

Quote:

Originally Posted by darsh_goswami

Dear Learn2trade,.
For wolf waves , there is no specific approach yet. I've seen somepeople on this thread also posting triangles as wolf.

Now , as far as Street Smart book is concerned. With due respect to writter. i just want to say one thing. When u r looking for a perfect wolf, atleast i look for symmetry, fibo ratios n trendline convergence. So , that i cant complain that wolf is failed. Thats why may be the wolf i identify never fails.

Wolf is nothing but what u learn in advance strategies , its mismatch in demand and supply. this creates wolf. Plz look at the power point presentation presented by ajax somewhere.

Its upto u , whether u want to find imperfect wolf and trade high risk , or just wait for the right one to come , and take high profit low risk trade. Opinion may very so as trading style.
Cheers ,
Darsh

Ank!t007 · #**205** 16th September 2008, 01:59 AM

Thanks Darsh Sir, appreciated your inputs about Wolfe waves.Can you please share your knowledge about symmetry, fibonacci ratios and trend line
or give us some examples by posting few WW charts ?

Ankit

Ank!t007 · #**206** 16th September 2008, 02:03 AM

Quote:

Originally Posted by Ank!t007

Closing Prize.

Ankit

Is this Wolfe effect or Lehman Brothers' ?

PS: This in not a valid WW pattern as darsh sir says symmetry is also very important for perfect wolfe wave pattern.

Ankit

darsh_goswami · #**207** 16th September 2008, 11:47 PM

Dear Ankit ,
I guess i told u to refer power point presentation posted by Sir Ajax.
Go through it ,
u will understand,..
Cheers
Darsh

jatinsoni · #**208** 17th September 2008, 11:15 AM

I hav noticed tht wolfe waves work well if we hav some sort of evidence with it . By evidence I mean some indicators indicating reversal. I found wolfe wave works best when there is some negative or positive divergence in MACD indicator.

moneygurukul · #**209** 19th September 2008, 02:57 PM

Check on ICICI Bank 5-Min.

devangan123 · #**210** 19th September 2008, 08:12 PM

Quote:

Originally Posted by darsh_goswami

Dear Ankit ,
I guess i told u to refer power point presentation posted by Sir Ajax.
Go through it ,
u will understand,..
Cheers
Darsh

Sir can you post chart on which u found last WW. for bearish side , as you told i saw Ajax's PPT , but that is having only one type of WW, want to see other one for better understanding

please please

Regards

Devan

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The Following User Says Thank You to darsh_goswami For This Useful Post:
learn2trade08 (15th September 2008)

The Following User Says Thank You to darsh_goswami For This Useful Post:
Ank!t007 (17th September 2008)