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simple steps to identifty Wolfe

Discuss simple steps to identifty Wolfe at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi Amit, great finding! just see below more refined chart , your identification is right ...


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  #31  
Old 9th May 2007, 09:24 AM
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Default Re: simple steps to identifty Wolfe

Hi Amit,

great finding!

just see below more refined chart , your identification is right , but you should have matched the 1-3-5 trendline.

keep on good work!!!!!

Regards,
Winston

Last edited by winstonn; 15th January 2008 at 08:27 PM.
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  #32  
Old 9th May 2007, 09:34 AM
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Default Re: simple steps to identifty Wolfe

Hi Amit & Winston

Gr8 work. but look at bigger picture...

This wolfe is a part of Gartley formation which is in turn handle
of Cup & handle formation..... pattern within pattern within pattern
For more .... visit KISS like McGrath

regards

Ajax
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  #33  
Old 9th May 2007, 09:49 AM
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Default Re: simple steps to identifty Wolfe

Hi Ajax,

wow! you made a trade for all types of traders.
but in between, for gartleys , CD should be more than 127% of BC , please check up for this chart , and also AB should be atleast 61.8% of XA ,

hey buddy check all these details so that we wont be on the wrong side!
regards,
winston
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  #34  
Old 9th May 2007, 10:54 AM
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Default Re: simple steps to identifty Wolfe

Hi winstonn\\

BTW see wolfe wave in action in NIFTY future right now

Ajax
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  #35  
Old 9th May 2007, 11:08 AM
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Arrow Re: simple steps to identifty Wolfe

Quote:
Originally Posted by winstonn View Post
Hi Amit,

great finding!

just see below more refined chart , your identification is right , but you should have matched the 1-3-5 trendline.

keep on good work!!!!!

Regards,
Winston
Hi! Winston,

1) Could you please tell me why you have marked Point 5 beneath the big red candle instead of where I have marked Point 5?

2) Also, if you could please elaborate on "I should have matched 1 - 3 - 5 trendline". I have connected the 1 - 3 - 5 points, or am I doing something wrong?

The reason why I am asking is because I would be identifying wrong wolf wave patterns. I am using Fibotrader.

3) So, this is a valid wolfwave pattern, right?


Thanks & regards,
Amit

Last edited by gobatman2001; 9th May 2007 at 11:26 AM.
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  #36  
Old 9th May 2007, 11:27 AM
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Default Re: simple steps to identifty Wolfe

hi Amit,

see the chart, 1-3-5 line is correct and your analysis too is correct!!!!!
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  #37  
Old 9th May 2007, 11:33 AM
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Arrow Re: simple steps to identifty Wolfe

Quote:
Originally Posted by winstonn View Post
hi Amit,

see the chart, 1-3-5 line is correct and your analysis too is correct!!!!!
Thanks Winston for your help. Really do appreciate it.
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  #38  
Old 9th May 2007, 12:18 PM
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Default Re: simple steps to identifty Wolfe

Quote:
Originally Posted by Ajax View Post
Hi winstonn\\

BTW see wolfe wave in action in NIFTY future right now

Ajax
Hi Ajax,
Can you please post NIFTY Futures chart where wolfe wave is in action?
Thanks in advance and regards
R. S.Iyer
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  #39  
Old 9th May 2007, 08:50 PM
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Default Re: simple steps to identifty Wolfe

Hi RSI

Heres minute chart of Nifty future today and
see wolves in action and enjoy

Ajax
Attached Images
File Type: gif Wolf on Nifty Future.GIF (91.6 KB, 92 views)
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  #40  
Old 9th May 2007, 11:40 PM
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Default Re: simple steps to identifty Wolfe

Hi Ajax,

saw ur charts! first three wolfe waves were bingo!!!!!
but the fourth one was a wolfewave and the stop is blow out , i dont think so it would be advisable to keep open short position as per your time frame.
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