KISS like McGrath

gobatman2001 · #**191** 24th June 2007, 10:10 AM

Quote:

Originally Posted by aniketdholakia

What is related with Mcgrath? So far I know, he is a cricketer?
i am new here, please tell me
regards
aniket

Hi! Aniket,

Please read the 1st post of this thread. You will get your answer.

Cheers,
Amit

winstonn · #**192** 24th June 2007, 11:10 AM

Hi Amit,

for the wolfe wave formation, only highs and lows of bars are to be connected.

However, for taking a real trade, after point 5 formation, price must firmly close above point 3 for buy and firmly close below point 3 for sell.
for entry, closing bar price is very important.

Take care,
Winston

winstonn · #**193** 24th June 2007, 11:38 AM

Hi all,

this example i missed out. Patni comp bearish wolfe wave.
see how wolfe wave is set up and entry triggered.
here is a new thing. EPA is a ray.

Enjoy,
Winston

opensky · #**194** 25th June 2007, 07:35 PM

hi all,

check out if there is any bullish wolfe formation in Bajaj Hindustan hourly chart

winstonn · #**195** 25th June 2007, 10:06 PM

hi ops,

price must close above point 3 drastically for good bet!
price on closing bar basis.

Take care,
Winston

gobatman2001 · #**196** 26th June 2007, 08:24 PM

Quote:

Originally Posted by winstonn

Hi Amit,

for the wolfe wave formation, only highs and lows of bars are to be connected.

However, for taking a real trade, after point 5 formation, price must firmly close above point 3 for buy and firmly close below point 3 for sell.
for entry, closing bar price is very important.

Take care,
Winston

Hi! Winston,

Got it!

Thanks a million for your help.

Cheers ...

noboundries · #**197** 27th June 2007, 08:27 PM

is this a valid bullish gartley in cnxit daily

kindy comment.......

winstonn · #**198** 27th June 2007, 09:18 PM

hello everyone,

here is a interesting chart on TCS,

MACD bullish divergence on 30 min , 20 day chart of TCS.
there is a strong buy setup, however entry could be taken as per other methods. But surely, the trend is about to change.

Take care,
Winston

marcus · #**199** 27th June 2007, 09:29 PM

well well well good news for me perhaps i will be able to breakeven in tcs after all, a major broker has also given a long term target of +1300

winston cld u tell us at what point a stop loss should be placed for ww, i ask coz some ww just zoom up from pt 3 whereas others go back down below pt 5 and after a a while below start moving up

winstonn · #**200** 27th June 2007, 09:42 PM

Hi Marcu,

here, the ww is really not important, since the down trend continues.
Best bullish ww's are produced when point 2 is highest and the bullish ww is a consolidation to prior upmove in higher time frame.

wht here is a probable change in the trend since MACD strong divergence is observed. Offcourse, all the factors need to be taken for a valid entry and stops.

Take care,
Winston